OPEC+ hikes oil production quotas
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Tesla announces 1,000 new hires and a 20% production boost at Giga Berlin, but even this record Q1 leaves the factory running at 65% of its stated 375,000-unit capacity.
SEATTLE, Jan 26 (Reuters) - Boeing's plans to increase jetliner production and its outlook for improving free cash flow in the coming years will be key topics for analysts and investors when the planemaker reports fourth-quarter earnings on Tuesday
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UAE exits OPEC+ as strait blockade nullifies production increase
The United Arab Emirates (UAE) has withdrawn from the Organization of the Petroleum Exporting Countries (OPEC) and its expanded coalition OPEC+, followed by its exit from the Organization of Arab Petroleum Exporting Countries (OAPEC).
Tracy Krohn, Chairman and CEO, emphasized "we are continuing to enhance shareholder value through operational excellence and maximizing production across our portfolio of assets." He highlighted a 6% quarter-over-quarter production increase to 35,600 ...
The conflict could certainly severely disrupt global oil supplies and send barrel prices soaring to a level not seen in years. As a fresh Middle East conflict risks sending oil prices sharply higher, Saudi Arabia, Russia and six other key members of the ...
Lockheed Martin and the Pentagon announced plans to increase the annual production of the PAC-3 MSE interceptor from 600 to 2,000 weapons. Lockheed Martin has announced the signing of a landmark framework agreement with the U.S. Department of Defense to ...
The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. September’s World oil output W/O the US increased by 692 kb/d to 72,189 kb/d. Production in the remaining countries has been slowly ...
Lucid's vehicle production surged 155% in 2025, and the company met its revised production guidance for the year. But Lucid lowered its guidance twice and made just over 18,000 vehicles in 2025. The company is still losing lots of money, and it's hard to ...
Under the new agreement with the government and state-owned PdVSA, Repsol would grow its Venezuelan gross production by 50 percent within 12 months and triple it over the next three years. Image by Andrii Zorii via iStock Repsol SA said Thursday it had ...