Keywords: PRODUCTION


Trump attacks UK energy policy over North Sea drilling ban

Donald Trump sharply criticized the United Kingdom’s energy strategy, urging the government to expand oil production in the North Sea and calling its restrictions on new exploration “absolutely crazy.” In a post on Truth Social, Trump argued that Europe faces an energy shortage while......

China’s Chery plans to expand car production in Europe through local partnerships

Chinese automaker Chery is exploring plans to expand its vehicle production footprint in Europe by partnering with existing manufacturers and using available factory capacity, according to senior company executives. The strategy reflects a broader trend among Chinese carmakers seeking to strengthen......

Saudi Arabia restores full capacity on East-west oil pipeline after attacks

Saudi Arabia has announced the full restoration of oil transport capacity on its strategic East-West pipeline, reaching approximately seven million barrels per day, following recent attacks linked to regional tensions. The announcement comes after several energy facilities across the kingdom were affected......

Japan approves additional funding to boost advanced chip development

Japan has approved a significant new funding package to accelerate the development of advanced semiconductors, reinforcing its ambition to strengthen domestic chip production and reduce reliance on global supply chains. The initiative includes additional financial support for Rapidus, a key player in......

India to delay maintenance shutdown of 10,000 MW coal-fired power capacity to July

India has decided to postpone the planned maintenance shutdown of around 10,000 megawatts of coal-fired power generation capacity until July, in a move aimed at ensuring sufficient electricity supply during peak summer demand. The announcement was made by Piyush Singh, an additional secretary at the......

Goldman Sachs warns Brent could top $100 if Hormuz stays closed

Goldman Sachs warned Thursday that Brent crude could average above $100 a barrel through 2026 if the Strait of Hormuz remains closed to normal tanker traffic for another month. The note highlights fragility in the recent US-Iran ceasefire. "The situation remains uncertain," analysts including......

Cosumar invests in liquid food-grade CO₂ production unit in Casablanca

Moroccan agro-industrial group Cosumar has announced a major investment to develop a new production unit for liquid food-grade carbon dioxide in Casablanca. The project represents a strategic step toward industrial diversification and local production of a resource previously imported. The new facility......

US crude premiums hit record highs as Asia and Europe scramble for supply

The six-week-old war between the United States, Israel, and Iran has produced the worst oil supply crisis in modern history, drawing warnings from economists and international institutions that the world faces a growing risk of stagflation and recession if the Strait of Hormuz remains closed. The International......

Mazda halts Middle East vehicle production until May as Hormuz closure hits Japanese automakers

Mazda Motor announced Monday it has suspended domestic production of vehicles destined for the Middle East until May, becoming the latest Japanese automaker to scale back operations as the Strait of Hormuz remains effectively closed to commercial shipping, according to the Nikkei. The company had already......