Category: output

AerCap CEO Says Aircraft Makers’ Output Delays to Last Years

DUBLIN—The world’s largest aircraft lessor AerCap on Monday warned that delivery problems at Boeing and Airbus were likely to last years and that manufacturers were giving airlines too little notice about delays. Over-promising and under-delivery is likely to be an issue with manufacturers “for years to come,” AerCap chief executive Aengus Kelly told the annual…


Around 40 Percent of German Companies Expect Output Decline in 2023: IW Institute

BERLIN—Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues, and the continuing war in Ukraine. “The risk of a gas shortage in the 2022/23 winter season is no longer as present as it was…


Russia’s January-November Oil Output up 2 Percent Ahead of EU Ban, Price Caps

MOSCOW—Russia’s January-November oil and gas condensate production rose 2.2 percent from a year earlier to 488 million tonnes, the Interfax news agency said on Tuesday, citing Deputy Prime Minister Alexander Novak, who expects a slight output decline following new sanctions. European Union countries that have been primary buyers of Russian crude for decades stopped buying…


Japan’s Factory Output Falls for First Time in Four Months as Firms Battle Rising Costs

TOKYO—Japan’s factory output fell in September for the first time in four months as manufacturers grappled with rising raw materials costs and global economic slowdown, and is likely to fall again next month before picking up in November, the government said. In a brighter sign for the world’s third-largest economy, retail sales grew for a…


Toyota Expects to Cut Full-Year Output Target Due to Chip Shortage

TOKYO—Toyota Motor Corp. said on Friday its annual vehicle production was likely to come in below its initial target, as a persistent global semiconductor shortage hampers efforts by the world’s biggest car maker by sales to boost output. The Japanese company has been under scrutiny over whether it can stick to its annual production target…


Toyota Motor Lowers October Output Target by 6.3 Percent

TOKYO—Toyota Motor Corp. on Friday lowered its October production target by 6.3 percent to about 750,000 vehicles because of a shortage of semiconductors. The announcement comes about a week after the world’s largest automaker by sales released its production target of about 800,000 vehicles globally for the next month, deepening worries that the chip shortage…


Europe’s Generic Drugmakers Say They May Cut Output Due to Energy Bills

FRANKFURT—Europe’s drugmakers have warned they may stop making some cheap generic medicines because of surging electricity costs and are calling for an overhaul of the way they are priced, the latest industry to seek help as the energy crisis deepens. The generic drug industry lobby group Medicines for Europe, which represents companies including Teva, Novartis’s…


Norwegian Oil and Gas Output Falls as Workers Begin Strike

OSLO—Norwegian offshore oil and gas workers went on strike over pay on Tuesday, the first day of planned industrial action that could cut the country’s gas exports by almost 60 percent and exacerbate supply shortages in the wake of the Ukraine war. By Saturday, daily gas exports would be cut by 1,117,000 barrels of oil…


US Oil Drilling, Output Moving Higher With Energy Prices

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as U.S. prices stay above $100 per barrel, propelled by Russia’s invasion of Ukraine. Prices are…


OPEC+ Sticks to Oil Output Plans

DUBAI/LONDON—OPEC+ oil producers agreed on Wednesday to stick to their plans for a modest output rise in April, ignoring the Ukraine crisis during their talks and snubbing calls from consumers for more crude even as crude prices rocketed higher. Oil prices shot above $110 a barrel this week, hitting peaks not seen since 2014, as…