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Tag: output

‘A slap in the face’: Saudis spurn Biden’s request to boost oil output

President Biden’s trip to Saudi Arabia was deemed a failure by analysts after oil-producing states announced that they would boost output by just 100,000 barrels a day starting next month — well short of the amount needed to bring down sky-high prices of...

Biden to visit Saudi Arabia after OPEC boosts oil output

President Biden will visit Saudi Arabia this month after the Organization of the Petroleum Exporting Countries agreed Thursday to increase production, according to multiple reports. OPEC’s decision to expand production could help Biden tamp down domestic inflation, which at 8.3% was near a four-decade...

‘Urgent action needed’ Fears for UK car production as output plummets by a third

UK car manufacturing output has dropped by a third in a year according to worrying figures released by the Society of Motor Manufacturers and Traders (SMMT). The organisation linked the decline to a global shortage of computer chips and rising energy costs for...
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