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Samsung CEO warns of fallout from global chip shortage
An executive at Samsung Electronics on Wednesday became the latest to warn of problems from a global semiconductor shortage, stoking fears that a lack of supply for carmakers will extend to technology companies. "There's a serio.....»»
The Wall Street Journal: Texas storm forces chip makers to close, exacerbating shortage
Severe weather conditions hitting much of the U.S. have caused some semiconductor companies to idle production capacity, threatening to exacerbate a chip shortage that has already prompted car makers to curtail output at some plants......»»
Taiwan semiconductor firms to benefit from robust PS5 orders
The stay-at-home economy induced by the coronavirus outbreak is expected to significantly boost demand for the PlayStation 5 (PS5) and benefit Taiwan's upstream semiconductor companies, according to sources from the upstream supply chain......»»
Oil prices rally as producers tackle supply glut
Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply......»»
China’s coal miners call for 10% production cut amid supply glut
A dozen Chinese anthracite coal miners have called on the industry to slash production by 10% from current levels amid weak demand caused by the coronavirus outbreak......»»
Oil plunges as Saudi Arabia, Russia output deal remains elusive
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Oil climbs as Saudi Arabia, Russia reportedly agree to output cuts
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Oil spikes as Saudi Arabia, Russia move closer to output deal
WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand......»»
Trump touts Saudi-Russia oil deal to halt price war
The two top crude producers are said to slash output by as much as 15 million barrels a day - an unprecendented 15% of global supply. Ryan Brooks has more......»»
Ten signs the oil industry is bent out of shape
The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals......»»
Global oil, gas producers slash spending after crude price rout
Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output......»»
Factbox: Global oil, gas producers slash spending after crude price rout
Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output. [O/R].....»»
Factbox: Global oil, gas producers slash spending after price rout
Oil and gas companies around the world are planning to slash spending in the face of a plunge in oil prices caused by the spread of the coronavirus and a push by Saudi Arabia and Russia to flood the market with supply......»»
Bond Report: 30-year Treasury yield falls to two-week low as coronavirus disrupts supply chains
U.S. Treasury yields decline on Tuesday after investors began to see material signs of how U.S. companies would take time to hit full-capacity due to the COVID-19 epidemic.....»»
Bond Report: 30-year Treasury yield breaks below 2% as coronavirus disrupts supply chains
U.S. Treasury yields decline on Tuesday after investors began to see material signs of how U.S. companies would take time to hit full-capacity due to the COVID-19 epidemic.....»»
Oil pares fifth weekly loss on OPEC+ plan despite signs of glut
Oil pared its fifth straight weekly loss on optimism that OPEC+ will deepen output cuts, even as crude’s market structure signaled increasing over-supply amid a virus-driven hit to global demand......»»
Chevron expects full oil output from Saudi-Kuwaiti field within 12 months
Kuwait and Saudi Arabia on Tuesday signed a deal aiming to end their five-year dispute over the Neutral Zone and resume production which can amount to up to 0.5 percent of global oil supply......»»
Oil gains more than 1% on Saudi supply doubts, Mideast tensions
Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia can bring back its full crude output after an attack earlier this month on its largest processing facility and as tensions in the Middle East remained at high levels......»»
Crude prices jump after drone strikes halve Saudi oil output; oil companies shares rise on supply tightening
The weekend attack on Saudi Arabia’s oil infrastructure knocked out nearly 6 percent of the 100 million barrels a day the world consumes......»»
Oil edges up as storm hampers U.S. supply, glut forecasts weigh
Oil futures edged up on Friday as U.S. Gulf of Mexico crude output was halved by disruptions caused by a tropical storm, but concerns over a global surplus in the months ahead limited gains......»»