Iraq says any action to raise oil output won"t be unilateral: ministry spokesman
Iraq is committed to the global supply cuts taken by OPEC and its allies and any decision to raise or decrease production must be taken collectively by OPEC, an Iraq oil ministry spokesman told Reuters on Monday......»»
Saudi Arabia has asked Aramco to boost oil capacity: CEO
Saudi Arabia's energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said in a statement on Wednesday......»»
Oil falls after Saudi Aramco asked to raise output capacity
Oil prices fell on Wednesday, giving up earlier gains, after Saudi Aramco said it had been directed by the energy ministry to raise its production capacity by a million barrels per day......»»
China says opposes unilateral sanctions against its entities, as U.S. blacklists Huawei
China strongly opposes other countries imposing unilateral sanctions on Chinese entities, a Commerce Ministry spokesman said on Thursday in response to the latest U.S. restrictions on telecom giant Huawei Technologies Co......»»
U.S. oil gives up earlier losses to move higher ahead of Nymex settlement
U.S. oil futures rose Monday, giving up earlier declines ahead of the Nymex settlement, as concerns following a threat from President Donald Trump to raise tariffs on Chinese goods eased. China's Foreign Ministry spokesman Geng Shuang said.....»»
Oil: Saudi"s Falih sees no need for swift output action after Iran waivers end
Saudi Arabia's energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude. David Pollard reports......»»
Wall St hit by tech, oil weakness; bank stocks gain on higher bond yields
Oil prices were down about half a per cent after Trump criticized OPEC for output reductions that have helped raise oil prices and said the action would not be tolerated.....»»
Quanta new capacity in Taiwan to start production in 2Q21
Quanta Computer's newly expanded server capacity in Taiwan will begin volume production in the second quarter and raise the ODM's overall server output from Taiwan by 20%, according to Mike Yang, senior vice president and general manager of the company......»»
Oil futures end higher as OPEC+ keeps its plan to slowly raise output
Oil futures ended higher on Tuesday after the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, held their meeting a day earlier than s.....»»
Futures Movers: Oil stays higher as reports say OPEC+ plans to keep its output plans and cancel Wednesday’s meeting
Oil futures remain higher on Tuesday after reports said the Organization of the Petroleum Exporting Countries and its allies plan to keep their plan to gradually raise production in place, and cancel a meeting that was scheduled for Wednesday......»»
: China’s Xi will speak at Biden’s virtual climate summit
A spokesman for China's foreign ministry said late Tuesday that Xi will attend the summit and "deliver an important speech by video.".....»»
: Britain and the EU plunged into new crisis over food imports to Northern Ireland
The European Union said on Wednesday that it would take legal action against the unilateral decision of the U.K. government to extend a grace period for checks on food imports from Britain into Northern Ireland.....»»
Saudis to raise oil output as prices recover, WSJ reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Climate Action 100+ Investors to Raise Corporate Climate Ambition for 2021 Proxy Season
Largest investor engagement initiative flags key shareholder votes foc.....»»
Taiwan PCB output value to top NT$300 billion in 2020
The output value of Taiwan's PCB industry is estimated to soar past NT$300 billion (US$10.7 billion) in 2020, returning to pre-financial tsunami levels, according to the Ministry of Economic Affairs (MOEA)......»»
Former Navy pilot Sarah Rhoads built Amazon’s air fleet from scratch
A former Navy F-18 pilot who saw action in the Iraq War, Black Ace Sarah Rhoads is now overseeing Amazon's fleet of jets......»»
Oklahoma regulators take no action after oil output hearing
Oklahoma's energy regulators on Monday took no action on applications from oil and gas producers seeking to win state-support for measures they said would help stabilize oil prices......»»
China’s coronavirus disinformation campaign continues
The European External Action Service (EEAS), which serves as the region’s foreign ministry, h.....»»
Iran"s oil minister says more output cuts may be needed
Oil producer countries may have to cut output more than the record amount already agreed to tackle an "unprecedented" slump in prices, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Wednesday by the ministry's website SHANA......»»
Exclusive: Russia orders companies to cut oil output by 20% from February levels - sources
The Russian energy ministry has told domestic oil producers to reduce oil output by around 20% from their average February levels, two industry sources told Reuters on Monday, which would bring Moscow in line with its commitment under a global deal......»»
Futures Movers: Oil higher in choppy trade after historic deal to cut output and end price war
Crude prices trade higher Monday in choppy price action, a day after major oil producers reached a historic agreement to cut oil production, ending a damaging price war between Saudi Arabia and Russia......»»