G.M. Is Expanding the Chevrolet Bolt Recall

The recall now covers the car’s entire output, beginning with the 2017 version. The latest move, to add three model years, raises costs by $1 billion.

#automobile-safety-features-and-defects, #automobiles, #barra-mary-t, #batteries, #chevrolet-division-of-general-motors-corp, #electric-and-hybrid-vehicles, #general-motors, #production, #recalls-and-bans-of-products

OPEC Plus Agrees on Oil Production Increase, Ending Dispute With U.A.E.

The pact clears the way for the group to pump more oil, helping ease a potential supply squeeze as global economies revive from pandemic lockdowns.

#global-warming, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #production, #saudi-arabia, #united-arab-emirates

Gas Price Increase Poses Challenge to U.S. Economy

Experts say a period of costlier fuel is likely to be brief. But if consumers start to assume otherwise, it could mean problems for Biden and the Fed.

#automobiles, #biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-reserve-system, #gasoline-tax-us, #inflation-economics, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #prices-fares-fees-and-rates, #production, #republican-party, #united-states, #united-states-economy, #united-states-politics-and-government

G.M. to Boost Electric Vehicle Spending, Build Battery Plants

General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.

#automobiles, #barra-mary-t, #batteries, #company-reports, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #general-motors, #production

Ford F-150 Lightning Is a Major New E.V. Contender

If it sells well, an electric version of the best-selling vehicle in the U.S. could help accelerate the move to electric vehicles.

#american-jobs-plan-2021, #automobiles, #biden-joseph-r-jr, #dearborn-mich, #electric-and-hybrid-vehicles, #ford-motor-co, #ford-william-clay-jr, #fuel-emissions-transportation, #general-motors, #global-warming, #greenhouse-gas-emissions, #production, #sports-utility-vehicles-and-light-trucks, #tesla-motors-inc, #united-states, #united-states-politics-and-government

As Oil Prices Rise, Executives Aim to Keep Them High

An industry known for boom-bust cycles is resisting the temptation to pump more oil — for now.

#american-rescue-plan-2021, #biden-joseph-r-jr, #chevron-corporation, #conocophillips, #coronavirus-2019-ncov, #drilling-and-boring, #international-relations, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #persian-gulf, #pioneer-natural-resources-company, #prices-fares-fees-and-rates, #production, #russia, #saudi-arabia, #shale, #stocks-and-bonds, #texas, #united-states-economy, #wirth-michael-k

OPEC Plus Agrees to Keep a Lid on Production, Sending Oil Prices Higher

The Organization of the Petroleum Exporting Countries and its allies stuck with its current quotas for April, with some exceptions.

#coronavirus-2019-ncov, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #production, #russia

OPEC and Russia will discuss raising oil production.

The group is expected to weigh a potential but by no means certain production increase of as much as 1.5 million barrels a day.

#coronavirus-2019-ncov, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #production, #russia

Suriname Could Be Latest Big Oil Find as Industry Cuts Costs

The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less.

#apache-corp, #brazil, #drilling-and-boring, #exxon-mobil-corp, #guyana, #oil-petroleum-and-gasoline, #petronas-petroliam-nasional-berhad, #politics-and-government, #poverty, #prices-fares-fees-and-rates, #production, #royal-dutch-shell-plc, #south-america, #suriname, #total-sa

Saudi Arabia Will Cut Its Oil Production, Allowing Russia’s to Grow

Oil prices rose to levels not seen since February. The two major oil producers had been moving in lock step since an April agreement to cut output.

#abdulaziz-bin-salman-prince-of-saudi-arabia, #coronavirus-2019-ncov, #kazakhstan, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #production, #russia, #saudi-arabia

How ‘Blue Bloods’ and Other Shows Resumed Filming in Pandemic N.Y.C.

With the city’s economy in a downturn, film production has been a bright spot, with crews again filling the city’s sound stages and, increasingly, the streets.

#coronavirus-2019-ncov, #directors-guild-of-america, #kaufman-astoria-studios, #mayors-office-of-media-and-entertainment, #new-york-city, #production, #shutdowns-institutional, #silvercup-studios, #steiner-studios, #television

OPEC and Russia Agree to Extend Oil Production Cuts

The original deal would have allowed increases starting next month. The new pact reflects producers’ concerns that the oil market could fall apart again.

#coronavirus-reopenings, #iraq, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #prices-fares-fees-and-rates, #production, #russia, #saudi-arabia

Coronavirus Seemingly Tamed, Chinese Economy Starts to Recover

But weak sales at stores and a stall in export orders raise fears of a possible second downturn this summer.

#china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #factories-and-manufacturing, #international-trade-and-world-market, #production, #shopping-and-retail, #unemployment

Natural Gas Exports Slow as Pandemic Reduces Global Demand

Businesses in the United States, Israel and other countries were planning to invest billions in export terminals. Now, those projects are being canceled or delayed.

#alternative-and-renewable-energy, #coronavirus-2019-ncov, #egypt, #energy-and-power, #international-trade-and-world-market, #israel, #mediterranean-sea, #natural-gas, #oil-petroleum-and-gasoline, #politics-and-government, #prices-fares-fees-and-rates, #production

‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation

Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble.

#coronavirus-2019-ncov, #layoffs-and-job-reductions, #oil-petroleum-and-gasoline, #permian-basin-north-america, #politics-and-government, #prices-fares-fees-and-rates, #production, #shutdowns-institutional, #strategic-petroleum-reserve-us, #texas, #trump-donald-j, #united-states-economy, #wages-and-salaries

Boeing to Restart Production in Washington State With 27,000 Workers

The aerospace giant said employees in the Puget Sound area would begin manufacturing commercial planes by the end of next week.

#airlines-and-airplanes, #aviation-accidents-safety-and-disasters, #boeing-company, #factories-and-manufacturing, #production, #puget-sound

The Big Deal to Cut Oil Production May Not Be Big Enough

Saudi Arabia, Russia and other oil-producing nations have pledged to cut about 10 percent of global production, but demand is down by much more than that.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #international-trade-and-world-market, #layoffs-and-job-reductions, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #politics-and-government, #prices-fares-fees-and-rates, #production, #russia, #saudi-arabia, #texas

Poultry Worker’s Death Highlights Spread of Coronavirus in Meat Plants

Some employees are coming in sick, and one woman died after being ordered back to work. “Our work conditions are out of control,” a longtime Tyson employee said.

#beef, #cargill-inc, #coronavirus-2019-ncov, #georgia, #jbs-sa, #labor-and-jobs, #meat, #pilgrims-pride-corp, #pork, #poultry, #production, #retail-wholesale-and-department-store-union, #smithfield-foods-inc, #tyson-foods-inc

Coronavirus Could End China’s Decades-Long Economic Growth Streak

The weakness raises the possibility that the Chinese economy may have shrunk in the first quarter of this year. It would be the first contraction since 1976.

#china, #communist-party-of-china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #epidemics, #factories-and-manufacturing, #politics-and-government, #production, #shopping-and-retail, #steel-and-iron, #xi-jinping