Gas Prices in U.S. Hit $5 a Gallon

The unrelenting march higher continues as the average price touches a new milestone, according to AAA.

#american-automobile-assn, #biden-joseph-r-jr, #coronavirus-2019-ncov, #embargoes-and-sanctions, #gas-prices, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #production, #russian-invasion-of-ukraine-2022, #summer-season, #united-states, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

An Embargo Would Bruise Russia’s Oil Industry

If the E.U. reaches agreement on the embargo, Russian production may drop another one million barrels a day, or about 10 percent, analysts say.

#embargoes-and-sanctions, #europe, #european-union, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #production, #russia, #russian-invasion-of-ukraine-2022, #ukraine

GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race

The General Motors chief says efficiencies, innovations and learning from mistakes will allow her company to become a leader in electric vehicles.

#automobiles, #barra-mary-t, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #ford-motor-co, #general-motors, #production, #tesla-motors-inc

Hurdle to Broad Adoption of E.V.s: The Misperception They’re Unsafe

Fully electric vehicles have fewer fires than gasoline-powered and hybrid cars, and their crash protection is at least equivalent.

#automobile-safety-features-and-defects, #batteries, #bureau-of-transportation-statistics, #electric-and-hybrid-vehicles, #engineering-and-engineers, #engines, #mercedes-benz, #nissan-motor-co, #production, #tesla-motors-inc, #volvo-car-corp

Why U.S. Oil Companies Aren’t Riding to Europe’s Rescue

American energy production has only inched up because executives fear that oil and gas prices won’t stay high.

#alternative-and-renewable-energy, #biden-joseph-r-jr, #coronavirus-2019-ncov, #energy-and-power, #europe, #global-warming, #greenhouse-gas-emissions, #inflation-economics, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #production, #russia, #russian-invasion-of-ukraine-2022, #stocks-and-bonds, #united-states, #united-states-international-relations

Jim Farley Tries to Reinvent Ford and Catch Up to Elon Musk and Tesla

Ford’s chief executive is about to introduce an electric F-150 pickup truck that could determine whether the automaker can survive and thrive in an industry dominated by Tesla.

#automobiles, #content-type-personal-profile, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #farley-james-d-jr-1962, #ford-motor-co, #production, #sports-utility-vehicles-and-light-trucks

Biden will tap oil reserve, hoping to push gasoline prices down.

The administration said the president would announce a plan to release reserves of crude daily for six months.

#biden-joseph-r-jr, #commodities, #embargoes-and-sanctions, #futures-and-options-trading, #gulf-coast-us, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #pioneer-natural-resources-company, #prices-fares-fees-and-rates, #production, #putin-vladimir-v, #reserves-natural-resources, #russia, #russian-invasion-of-ukraine-2022, #strategic-petroleum-reserve-us, #united-states, #united-states-politics-and-government, #war-and-armed-conflicts

Loss of Russian Oil Leaves a Void Not Easily Filled, Straining Market

Global production will take time to ramp up, so the U.S. and other buyers will chase limited supplies, creating upheaval unseen in decades.

#embargoes-and-sanctions, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #prices-fares-fees-and-rates, #production, #russia, #russian-invasion-of-ukraine-2022, #united-states

Auto Production Restarts After the Ambassador Bridge Is Cleared

But the industry might not return to normal for days, and it still faces a chronic chip shortage that has stunted global production.

#ambassador-bridge, #automobiles, #coronavirus-2019-ncov, #detroit-mich, #factories-and-manufacturing, #ford-motor-co, #ontario-canada, #production, #shortages, #shutdowns-institutional, #stellantis-nv, #supply-chain, #toyota-motor-corp, #trucks-and-trucking, #united-states-international-relations, #vaccination-and-immunization, #windsor-ontario

Rivian Loses Its Shine as Investors Fret About Production Delays

The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.

#amazon-com-inc, #appointments-and-executive-changes, #automobiles, #discrimination, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #ford-motor-co, #general-motors, #georgia, #initial-public-offerings, #normal-ill, #production, #rivian-automotive-llc, #scaringe-r-j, #sports-utility-vehicles-and-light-trucks, #stocks-and-bonds, #supply-chain, #tesla-motors-inc, #vans

Mexico Is Buying a Texas Oil Refinery in a Quest for Energy Independence

President López Obrador wants to halt most oil exports and imports of gasoline and other fuels. Critics say he is reneging on Mexico’s climate change commitments.

#air-pollution, #alternative-and-renewable-energy, #deer-park-tex, #foreign-investments, #global-warming, #greenhouse-gas-emissions, #international-trade-and-world-market, #labor-and-jobs, #lopez-obrador-andres-manuel, #mergers-acquisitions-and-divestitures, #mexico, #nationalization-of-industry, #oil-petroleum-and-gasoline, #pemex, #pena-nieto-enrique, #politics-and-government, #production, #refineries, #texas, #united-states

GM’s EV Efforts Reportedly Include a Bigger Michigan Presence

The company will make electric pickups at an existing plant and batteries at a factory built with a partner, a person with knowledge of the plan said.

#automobiles, #batteries, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #general-motors, #labor-and-jobs, #lg-electronics, #production

Oil Output Is Increasing, Possibly Easing Prices, a Report Says

The International Energy Agency said in its monthly report that oil production was picking up in the United States.

#gulf-of-mexico, #international-energy-agency, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #production

Producers of Alec Baldwin Film Scrutinized After Shooting

The team behind “Rust” chose not to get an insurance package often carried by productions, which some in Hollywood said was a sign of cutting corners.

#baldwin-alec, #creative-artists-agency, #hutchins-halyna-1979-2021, #insurance, #movies, #production, #rust-movie, #souza-joel-1973

From Westerns to ‘Stranger Things,’ Hollywood Is Big Business in New Mexico

Streaming giants like Netflix and NBCUniversal are turning New Mexico into one of the country’s most coveted production hubs.

#movies, #nbcuniversal, #netflix-inc, #new-mexico, #production, #tax-credits-deductions-and-exemptions, #television

Hollywood’s Behind-the-Scenes Workers Reach Deal, Averting Strike

The tentative agreement came hours before a strike deadline and avoids a production shutdown at TV and movie studios already scrambling to make up for time lost in the pandemic.

#alliance-of-motion-picture-and-television-producers, #international-alliance-of-theatrical-stage-employees, #labor-and-jobs, #los-angeles-calif, #movies, #organized-labor, #production, #quarantine-life-and-culture, #strikes, #wages-and-salaries, #work-life-balance

Hollywood’s Behind-the-Scenes Workers Reach Deal on New Contract

The tentative deal averts a strike set for Monday and a production shutdown at television and movie studios already scrambling to make up for time lost in the pandemic.

#alliance-of-motion-picture-and-television-producers, #international-alliance-of-theatrical-stage-employees, #labor-and-jobs, #los-angeles-calif, #movies, #organized-labor, #production, #quarantine-life-and-culture, #strikes, #wages-and-salaries, #work-life-balance

Don’t Blame Workers for Inflation

They are victims of rising prices, not the perpetrators.

#inflation-economics, #internal-sub-only, #prices-fares-fees-and-rates, #production, #wages-and-salaries

As Western Oil Giants Cut Production, State-Owned Companies Step Up

In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.

#africa, #alternative-and-renewable-energy, #argentina, #biden-joseph-r-jr, #corporations, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #latin-america, #middle-east, #nasser-amin-h, #natural-gas, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #politics-and-government, #prices-fares-fees-and-rates, #production, #putin-vladimir-v, #russia, #saudi-arabia, #saudi-aramco, #shale, #united-states, #united-states-international-relations, #united-states-politics-and-government

Lordstown Motors Will Work With Foxconn, a Contract Manufacturer

The deal could result in the sale of the struggling automaker’s Ohio factory to Foxconn. Lordstown is under federal investigation and needs more cash to mass-produce an electric pickup truck.

#automobiles, #burns-steve-automotive-executive, #diamondpeak-holdings, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #foxconn-technology, #hamamoto-david-t, #initial-public-offerings, #lordstown-ohio, #lordstown-motors-corp, #mergers-acquisitions-and-divestitures, #production, #sports-utility-vehicles-and-light-trucks, #stocks-and-bonds

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