China’s July daily coal output jumps 16% yr/yr on peak summer demand
SINGAPORE -China’s daily coal output in July surged 16% from a year earlier following Beijing’s call for miners to ensure sufficient supply during the peak …
Output
Rosneft says Sakhalin-1 oil, gas project output has not resumed
MOSCOW – Russia accused U.S. energy major ExxonMobil on Thursday of unilaterally stopping oil production at a Pacific joint venture, raising the stakes in a …
White house says Biden focus is on keeping oil prices down after OPEC+ output increase
WASHINGTON – The Biden administration is focused on keeping oil prices down, the White House said on Wednesday after OPEC+ members decided top raise oil …
Russian services sector records fastest output growth in over a year -PMI
MOSCOW – Russia’s services sector expanded in July at its fastest pace in more than a year, a business survey showed on Wednesday, as strong …
UK factory output, orders shrink at fastest pace since 2020-PMI
LONDON – British manufacturing output and new orders declined in July at the fastest rate since May 2020, as factories across Europe struggled with rising …
Polish manufacturing slump deepens as output plunges -PMI
WARSAW – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an …
Japan’s July factory activity growth slows as output, new orders contract
TOKYO – Japan’s manufacturing activity expanded at the weakest rate in 10 months in July, as pressure from rising prices and supply disruptions hurt output …
OPEC+ to weigh holding oil output steady or small hike, sources say
By Alex Lawler and Ahmad Ghaddar LONDON – OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, …
Toyota suspends some Japan factory output over COVID outbreak
TOKYO – Toyota Motor Corp has suspended night shift operations at one production line of its Takaoka factory in central Japan because of a COVID-19 …
Thai factory output unexpectedly dips 0.08% y/y
BANGKOK – Thailand’s manufacturing production index (MPI) in June dropped 0.08% from a year earlier, dragged down by lower production of hard disk drives, plastic …
German firms weigh options to save gas, warn may need to cut output
By Victoria Waldersee and Riham Alkousaa BERLIN – German firms are attempting to reduce gas use in response to a government plea to spare reserves, …
Boeing cash flow on investor radar as supply disruptions shackle output
By Abhijith Ganapavaram (Reuters) – Boeing’s cash flow will be the focus on Wednesday when the U.S. planemaker reports results as production snarls limit its …
Japan June factory output likely rose first time in 3 months as China lockdown lifted – Reuters poll
TOKYO – Japan’s factory output likely rose in June for the first time in three months after China’s COVID-19 curbs eased, a Reuters poll showed …
China June industrial output rises 3.9%, retail sales up 3.1%
BEIJING – China’s industrial output grew 3.9% in June from a year earlier, quickening from a 0.7% rise in May, official data showed on Friday, …
Biden will push for greater oil output on Mideast trip -Sullivan
By Jeff Mason and Steve Holland WASHINGTON -U.S. President Joe Biden will make the case for greater oil production from OPEC nations to bring down …
Brazil’s industrial output rises in May but below estimates
By Gabriel Araujo and Camila Moreira SAO PAULO – Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on …
Chip crunch to cut Stellantis’ Italy 2022 output by up to 220,000 vehicles -union
MILAN – A global crunch in semiconductor supply could cost Stellantis up to 220,000 vehicles this year in terms of lost output in Italy, the …
OPEC oil output again misses target in June as outages weigh – survey
By Alex Lawler LONDON – OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey …
OPEC+ sticks to oil output policy, avoids debate on September plans
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar LONDON -OPEC+ said on Thursday it would stick to its planned oil output hikes in August …
Some Norwegian oil workers to strike from July 5, hitting 4% of oil output
By Gwladys Fouche and Terje Solsvik OSLO -Seventy-four Norwegian offshore oil workers at Equinor’s Gudrun, Oseberg South and Oseberg East platforms will go on strike …
Singapore May manufacturing output up 13.8% y/y amid chip shortage
SINGAPORE – Singapore’s industrial output in May beat forecasts and grew 13.8% year-on-year, due to strong demand from 5G markets and data centres amid a …
Japan May factory output seen dipping for 2nd month on China lockdown- Reuters poll
By Kantaro Komiya TOKYO – Japan’s factory output probably fell in May for a second successive month due to supply chain disruptions caused by strict …
Audi to invest $320.2 million to boost electric engine output in Hungary
BUDAPEST – German carmaker Audi’s Hungarian unit will invest 120 billion forints ($320.2 million) to ramp up electric engine production at its factory in western …
China May industrial output up 0.7% y/y, retail sales fall 6.7%; better than f’casts
BEIJING – China’s industrial output rose 0.7% in May from a year earlier, picking up from a 2.9% decline in April, official data showed on …
Italian industry output jump allays recession fears
By Valentina Consiglio and Gavin Jones ROME -Italian industrial output was much stronger than expected in April, rising 1.6% from the month before after a …
German industrial output rises smaller-than-expected 0.7% in April
BERLIN – German industrial production recovered but rose less than expected in April as pandemic restrictions and war in Ukraine disrupted supply chains, official data …
China EV startups say May sales up, post-lockdown output constrained
(Reuters) – China’s electric vehicle start-ups reported stronger sales for May and forecast continued gains for June as supply chains and output begin to recover …
Saudi Arabia to raise oil production if Russian output falls under sanctions- FT
(Reuters) – Saudi Arabia is prepared to raise its oil production if Russia’s output falls substantially because of the western sanctions imposed on it, the …
South Korea May factory growth slows as output, export orders shrink – PMI
SEOUL – South Korea’s factory activity growth slowed in May, as output and export orders contracted amid supply-chain disruptions due to China’s COVID-19 lockdown measures, …
Japan Apr factory output seen posting first fall in 3 months on China lockdown – Reuters poll
TOKYO – Japan’s factory output likely fell in April for the first time in three months as some manufacturers took a hit from strict COVID-19 …
Nigeria finance minister: low oil output barely enough to cover petrol imports
By Dan Burns DAVOS, Switzerland – Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil …
Tesla plans to ramp up to pre-lockdown output in Shanghai by Tues-memo
SHANGHAI – Tesla Inc plans to restore production at its Shanghai plant to the level at which it had operated before the city’s COVID-19 lockdown …
Exclusive-Europe aims to revive magnesium output by 2025 to cut China reliance
By Eric Onstad LONDON – EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at …
U.S. manufacturing output rises more than expected in April
WASHINGTON – Production at U.S. factories increased more than expected in April amid continued strong demand for motor vehicles and other goods, which should help …
Russian oil output up 1.7% month on month in May so far, Interfax reports
(Reuters) – Russian oil and gas condensate average output has increased by around 1.7% month on month to 1.4 million tonnes per day (10.25 million …
China’s April coal output leaps 11% on year, but demand downturn looms
BEIJING – China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to …
China’s April oil refinery output plunges to two-year low as COVID curbs bite
BEIJING – China processed 11% less crude oil in April than a year earlier, with daily throughput falling to the lowest since March 2020 as …
Exclusive-U.S. asked Brazil’s Petrobras if it could raise oil output; it said no -sources
By Gabriel Stargardter, Gram Slattery and Rodrigo Viga Gaier RIO DE JANEIRO – U.S. government officials in March asked Brazil’s state-run oil company Petrobras whether …
German industrial output falls more than expected in March
BERLIN – German industrial production fell more than expected in March as pandemic restrictions and war in Ukraine disrupted supply chains, making it difficult to …
China’s trade seen faltering in April as COVID curbs hit output: Reuters poll
BEIJING – China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended …
Brazil’s industrial output rises in March but down over Q1
BRASILIA – Industrial production in Brazil rose in March, but ended the first quarter with a negative print, highlighting the challenges for the sector amid …
Gazprom expects 4% fall in gas output in 2022
(Reuters) – Russia’s Gazprom expects about a 4% fall in gas output this year, Deputy Chief Executive Vitaly Markelov told an inhouse magazine on Thursday, …
Japan’s factory output growth provides some relief for fragile economy
By Daniel Leussink TOKYO -Japanese factories saw output rise for the second straight month in March as strong global demand for high-tech chips helped to …
Newcrest quarterly gold output jumps 10% as Cadia production soars
(Reuters) – Australia’s Newcrest Mining Ltd posted a 10% sequential rise in third-quarter gold output on Thursday, helped by higher mill throughput rates at its …
Exclusive-Soelect, Lotte Chemical aim to scale up U.S. output of battery components
By Paul Lienert (Reuters) – Battery startup Soelect and Korean supplier Lotte Chemical said on Tuesday they intend to invest more than $200 million in …
Industrial output in Shanghai falls for first time in 2 years
BEIJING -Industrial output in Shanghai, China’s most populous city, slumped in March, the first monthly decline in two years, after stringent lockdown measures halted production …
Australia’s Whitehaven Coal output falls on labour crunch
(Reuters) – Australia’s Whitehaven Coal Ltd reported a 5% drop in third-quarter production on Wednesday as adverse weather and a labour shortage worsened by COVID-19 …
U.S. oil drilling, output moving higher with energy prices
By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling …
EU sanctions on Russian rubber to hit Nokian Tyres output
HELSINKI – Finnish tyre maker Nokian Tyres said on Monday new sanctions imposed by the European Union (EU) on Russia will have a significant impact …
Airbus Q1 deliveries climb 13%, details output plans
By Tim Hepher PARIS – European planemaker Airbus delivered between 140 and 142 aircraft in the first quarter, up almost 13% from the same period …