Oil futures moved higher Wednesday as news reports said the Organization of the Petroleum Exporting Countries its allies will approve a small output increase that’s seen as largely symbolic. Price Read more
Tag: Production
Will OPEC+ deliver an oil-production increase? What investors need to know.
Oil-market analysts don’t expect the Organization of the Exporting Countries and its allies on Wednesday to agree to sharply boost production in September — but members could take steps that Read more
A Reese’s Peanut Butter Cup shortage? Hershey won’t meet Halloween candy demand
Trick-or-treaters may be missing some of their favorite Halloween candy this year, as the maker of Reese’s Peanut Butter Cups, Kit Kats, Hershey’s Kisses, Mounds and Almond Joy has warned Read more
Opinion: Green tariffs are now our best hope of beating climate change
BOSTON (Project Syndicate)—Environmental tariffs may be humanity’s last hope for mitigating climate change, which is on course to become increasingly devastating if we do not curb our greenhouse-gas (GHG) emissions. The most straightforward way Read more
Renault loses 1.4bn euros amid Russia withdrawal and semiconductor shortage
Renault SA RNO, +6.11% posted a loss in the first half amid its withdrawal from Russia and the semiconductor shortage, but raised its targets for the full year. The French Read more
Chip makers’ stocks rally as Senate votes to advance U.S. chip infrastructure bill
Semiconductor stocks rose Wednesday as the U.S. Senate voted for a bill that would grant U.S. chip manufacturers more than $52 billion in funding to build domestic silicon-wafer fabrication plants Read more
U.S. oil prices fall more than 3% as weaker gasoline demand allows fuel inventories to rise
Oil futures fell sharply on Thursday, extending a decline seen after a counter-seasonal rise in U.S. gasoline inventories reflecting falling demand. Also on Thursday, prices for natural-gas futures gave up Read more
Volvo Car expects supply constraints to continue weighing on sales into 3Q
STOCKHOLM–Volvo Car AB said Wednesday that supply constraints and coronavirus-related lockdowns in China hit retail deliveries and production in the second quarter and will continue to weigh on retail sales Read more
$52 billion chip-manufacturing bill passes procedural vote in Senate
WASHINGTON — A bipartisan bill subsidizing domestic semiconductor production cleared its first procedural hurdle on Tuesday in a 64-34 vote, even as the details of the legislation are still being worked out. Read more
Biden expects more Saudi oil output after meeting in Jeddah
President Joe Biden on Friday said he expects further oil supply increases from Saudi Arabia which may help lower U.S. gasoline costs after a meeting with the country’s leaders. Biden’s Read more