Boeing Edges Lower After Flagging Possible Production Issue in Some 737 MAX Jets

© Reuters. By Dhirendra Tripathi Investing.com – Boeing (NYSE:) shares turned negative in Friday’s premarket after the company flagged fresh problems with its troubled 737 MAX airliner. The airplane maker disclosed it had asked 16 customers to address a potential production issue related to an electrical power system in certain variants of the 737 MAX, […]

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Stellantis to halt production at Italian car plant in April, union says

© Reuters. FILE PHOTO: The logo of Stellantis is seen at the main entrance of the FCA Mirafiori plant in Turin MILAN (Reuters) – Carmaker Stellantis will halt production at its plant in Melfi, southern Italy for the period April 2-12 because of low demand triggered by the COVID-19 crisis, the UILM union said on […]

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Exclusive: GM further cuts production in North America due to global chip shortage

© Reuters. Logo of GM atop the company headquarters DETROIT (Reuters) – General Motors Co (NYSE:) extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector. The U.S. automaker said its Wentzville, Missouri, assembly plant would be idled during the weeks beginning March 29 […]

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Oil Rebounds as Market Looks Beyond U.S. Production Mark-Up 

© Reuters. By Liz Moyer and Barani Krishnan   Investing.com — Oil prices rebounded on Wednesday, snapping a two-day slide, as the market looked beyond government data indicating that output was recovering faster than refining after last month’s storm-related outages in Texas. Futures of New York-traded , the benchmark for U.S. crude, initially fell on the […]

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OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks

© Reuters. OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks (Bloomberg) — OPEC’s production plunged last month as Saudi Arabia delivered extra cutbacks intended to clear the remnants of a global supply glut. Output from the group fell by 920,000 barrels a day — the biggest drop in eight months — to 24.87 million […]

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Japan data: Nov Industrial production (flash) 0% m/m (vs. expected +1.1%)

Japan preliminary November Industrial production No change for the m/m expected +1.1% m/m, prior +4.0% y/y is -3.4%  expected -2.3% y/y, prior -3.0%  As part of this the Ministry of Economy, Trade and Industry (METI) publish outlooks as follows: December industrial output is seen at -1.1% m/m January’s at +7.1% m/m   For bank trade ideas, check out […]

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Exclusive: Biden campaign tells miners it supports domestic production of EV metals

2/2 © Reuters. FILE PHOTO: Democratic presidential candidate Joe Biden campaigns in North Carolina 2/2 By Ernest Scheyder (Reuters) – Joe Biden’s campaign has privately told U.S. miners it would support boosting domestic production of metals used to make electric vehicles, solar panels and other products crucial to his climate plan, according to three sources […]

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Tesla’s Nevada lithium plan faces stark obstacles on path to production

2/2 © Reuters. Aerial view of the Tesla Gigafactory near Sparks, Nevada 2/2 By Ernest Scheyder (Reuters) – Tesla Inc’s (O:) plan to produce lithium for electric vehicle batteries close to its Nevada Gigafactory faces stark challenges from the outset, including an onerous permitting process, uncertain access to water and questions about unproven methodologies. Chief […]

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Libya’s NOC says oil production to rise as it seeks to revive oil industry

2/2 © Reuters. A general view of the El Sharara oilfield, Libya 2/2 By Ahmad Ghaddar LONDON (Reuters) – Libya’s National Oil Company said it expected oil production to rise to 260,000 barrels per day (bpd) next week, as the OPEC member looks to revive its oil industry, crippled by a blockade since January. Oil […]

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