Category: output

Oil Slips to $78 as Sources Say OPEC+ Weighs Further Output Hike

October 1, 2021
Asia & PacificBusiness & EconomyCompaniescrudeEconomieseconomyEuropehikeIndiaInternationalLocal NewsMarketsMiddle EastOilOPECoutputRegional NewsRegional-Local NewsTexasUKUSUS NewsWorld
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LONDON—Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meet on Monday. Four…

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Japan’s Factory Output Extends Declines on Car Production Cuts

September 30, 2021
Asia & PacificBusiness & EconomycarCompaniescutsEconomiesfactoryJapanoutputproductionWorld
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TOKYO—Japan’s industrial output fell for the second straight month in August as COVID-19 outbreaks elsewhere in Asia disrupted supply chains for carmakers already facing headwinds from a prolonged chip shortage. Separate data out on Thursday showed retail sales in August slipped for the first time in six months as households cut spending amid a coronavirus…

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Japan Factory Output Seen Down Again in August on Supply Chain Disruption: Poll

September 24, 2021
Asia & PacificBusiness & EconomychainChinaChina Business & EconomyCompaniesdisruptiondownEconomiesfactoryJapanoutputpollsupplyWorld
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TOKYO—Japan’s factory output likely fell again in August as the country’s manufacturing sector faced supply chain disruptions driven by a global chip shortage and the spread of the Delta coronavirus variant in Southeast Asia. Retail sales also likely eased in August after a sharp rise in July, according to the poll, underscoring the fragility of…

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Oil Heads for Third Week of Gains as Output Stumbles

September 24, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomygainsInternationalLocal NewsMiddle EastOiloutputRegional-Local NewsStumblesTexasUKUSUS NewsWorld
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LONDON—Oil prices steadied on Friday near a two-month high of $77.50 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory draws. The rally was slightly dampened by China’s first public sale of state crude reserves. Brent crude was up 222 cents, or 0.28 percent, at…

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