production
Logo of the Organization of the Petroleum Exporting Countries (OPEC) Andrey Rudakov | Bloomberg | Getty Images U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month. U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent […]
AstraZeneca said it was shifting the production of some medicines sold in the US from Europe to the US, to counter the impact of Donald Trump’s trade tariffs. Speaking as the company reported higher sales and profits for the first quarter, the FTSE 100 pharma company reiterated that the UK, and the
Textile manufacturing workers in Binzhou, Shandong, China, on April 23, 2025. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese manufacturers are pausing production and turning to new markets as the impact of U.S. tariffs sets in, according to companies and analysts. The lost orders are also hitting jobs. “I know several factories that have […]
Commerce Secretary Howard Lutnick said on Thursday that the US intends to take chip manufacturing from Taiwan. Lutnick said in an interview on CNBC’s “Squawk Box” that while President Donald Trump’s latest round of tariffs didn’t apply to semiconductors, Trump is still looking at how the US can . . .
Prime Minister Mark Carney said that Canada had introduced a 25 percent tariff on cars and trucks made in the United States in retaliation for the tariffs that went into effect Thursday morning on Canadian vehicles. Hours before the tariffs imposed by President Trump took effect, the automaker Stellantis told the union representing about 3,600 […]
President Trump this week continued to make his environmental priorities clear by vowing to open up hundreds of coal power plants in the United States in an effort to advance competition against China. “After years of being held captive by Environmental Extremists, Lunatics, Radicals, and Thugs, allowing other Countries, in particular China, to gain tremendous […]
NEW YORK — U.S. oil production rose 260,000 barrels per day month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday. U.S. oil output has grown rapidly this year as drilling operations became more efficient, even […]
(The Center Square) – The U.S. oil industry broke another production record this year, averaging 13.4 million barrels per day (b/d) of crude oil in August, according to a new U.S. Energy Information Agency report. The majority of production is coming from the Permian Basin in West Texas and southeast New Mexico, the report notes. […]
By Tom LatekKentucky Today U.S. Sen. Mitch McConnell announced the U.S. Army will award Repkon USA $435,000,000 to construct a Trinitrotoluene (TNT) production facility in Muhlenberg County’s Graham community. It will be the first domestic source of TNT in the United States since the 1980s. McConnell was instrumental in securing the investment, a top strategic priority […]
Taiwan Semiconductor Manufacturing Co. has achieved early production yields at its first plant in Arizona that surpass similar factories back home, a significant breakthrough for a U.S. expansion project initially dogged by delays and worker strife. The share of chips manufactured at TSMC’s facility in Phoenix that are usable is about 4 percentage points higher […]