#output

11:56pm, 31st July, 2019

Oil slips 1% after Fed disappoints, U.S. crude output rises

Oil prices skidded on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and Sino-U.S. talks ended without apparent progress towards resolving a bitter trade dispute.

Oil falls after Trump urges greater OPEC output to replace Iranian oil

10:25pm, 28th April, 2019

Business

Oil falls after Trump urges greater OPEC output to replace Iranian oil

Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.

Nissan slams output cut report as 'completely incorrect'

2:40am, 19th April, 2019

Business

Nissan slams output cut report as 'completely incorrect'

Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this year was "completely incorrect" and that it had lodged a complaint with the business daily, in an unusually strong denial of a media report in Japan.

Oil prices slip nearly 2% as OPEC mulls output hike, U.S. stocks build

11:47am, 11th April, 2019

Business

Oil prices slip nearly 2% as OPEC mulls output hike, U.S. stocks build

Oil prices fell nearly 2 percent on Thursday after sources said that OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.

Boeing cuts 737 MAX output in wake of two deadly crashes

9:39pm, 5th April, 2019

Business

Boeing cuts 737 MAX output in wake of two deadly crashes

Boeing Co said on Friday it plans to cut its monthly 737 aircraft production by nearly 20 percent in the wake of two deadly crashes, signaling it does not expect aviation authorities to allow the plane back in the air anytime soon.

Oil dips as U.S. crude output hits record 12 million barrels per day

9:19pm, 21st February, 2019

Business

Oil dips as U.S. crude output hits record 12 million barrels per day

Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.

Oil falls after record U.S. shale output forecast

8:43am, 20th February, 2019

Business

Oil falls after record U.S. shale output forecast

Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year.

Upset by Trump's Iran waivers, Saudis push for deep oil output cut

9:29am, 15th November, 2018

Business

Upset by Trump's Iran waivers, Saudis push for deep oil output cut

When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.

Exclusive: Saudi Arabia, Russia agreed in September to lift oil output

5:01am, 3rd October, 2018

Business

Exclusive: Saudi Arabia, Russia agreed in September to lift oil output

Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said.

Oil rises as Saudi output dips, U.S. drilling stalls

2:45am, 6th August, 2018

Business

Oil rises as Saudi output dips, U.S. drilling stalls

Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.

Tesla steadies output of new Model 3 sedan, sees a profit

5:28pm, 1st August, 2018

Business

Tesla steadies output of new Model 3 sedan, sees a profit

Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its financial losses in the second half of the year.

Libya's Sharara oilfield cuts output after workers abducted

7:42am, 14th July, 2018

World

Libya's Sharara oilfield cuts output after workers abducted

Production at Libya's giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

Saudi king said will boost oil output if needed: White House

10:33pm, 30th June, 2018

Business

Saudi king said will boost oil output if needed: White House

WASHINGTON/RIYADH (Reuters) - The leader of Saudi Arabia promised President Donald Trump that he can boost oil production if needed and the country has 2 million barrels per day of spare capacity available, the White House said on Saturday.

Trump says Saudi king agreed to raise oil output by up to 2 million barrels

5:53pm, 30th June, 2018

Business

Trump says Saudi king agreed to raise oil output by up to 2 million barrels

WASHINGTON/RIYADH (Reuters) - U.S. President Donald Trump said on Saturday that Saudi Arabia's King Salman had agreed to his request to increase oil production "maybe up to 2,000,000 barrels," an extraordinary amount not confirmed by t...