Venezuela registered an average oil production of 420,000 barrels per day in April, some 410,000 barrels per day less than the goal established by PDVSA, which projected some 830,000 barrels per day of production for last month.
According to the information provided by Tankertrackers, there was a…
Read More...
Browsing Tag
production
German businessmen demand energy from renewable sources
The president of the Association of German Chambers of Industry and Commerce (DIHK), Peter Adrian, called for the measures planned by the German government to expand the production of electricity from renewable sources to be improved and…
Venezuela will produce a maximum of one million oil barrels per day
The economist and oil expert Rafael Quiroz pointed out that the most Venezuela could produce this year is one million barrels per day. In his opinion it is "impossible" for the country to produce 2,000,000 barrels of crude oil per day, as…
Toyota halts production due to chip shortage
The Japanese car manufacturing company Toyota announced that from March 22 to 31 it will halt production of one of its domestic lines as a result of a shortage of chips, which could be a new blow to its manufacturing.
The decision was…
Venezuela aspires to increase its oil production by 2022
Venezuela plans to increase its oil production goals to 2 million barrels per day, as well as its derivatives, as part of the economic growth plan for 2022, as announced by the Oil Minister and Sector Vice President of Economy, Tareck El…
OPEC + will increase its production by 400,000 barrels per day
The ministers of the oil sector of the 23 countries that make up OPEC+ (OPEC and allies) decided to increase their oil production to 400,000 barrels per day during the month of February, despite the uncertainty that the world is…
General Motors will produce batteries and electric cars in the US
General Motors will invest more than 7,000 million dollars in four of its plants in Michigan, United States, to expand the production capacity of batteries and electric vehicles. The company highlighted that this amount will allow the…
Industrial sector closes 2021 with slight growth
The President of the Venezuelan Confederation of Industrialists (Conindustria), Luigi Pisella considers that the industrial sector obtained a slight growth by the end of 2021, reporting figures that reveal "a slight growth" in production…
Italy combines energy and agricultural development models
Harmonizing the activities inherent to the field and the production of energy will soon become a reality in Scicli, Sicilylia, as was confirmed by the guests of the media tour that was organized to spread the perfect integration between…
Apple reduces production of iPhone 13
Apple reduced the production of its iPhone 13 phones by 10 million units from its initial forecasts due to the global shortage of processor supplies that affects the industry.
The American manufacturer cut its production plans for the…
OPEC + agreed to maintain production increase at 400,000 barrels per day
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC +, agreed on Wednesday to keep their plans to increase crude production by 400,000 barrels a day, the cartel reported in a statement.
OPEC…
OPEC: The development of the pandemic will determine the global economic recovery
OPEC, in its monthly report on the oil market, pointed out that, despite the evolution of the Covid-19 pandemic, the global economic reactivation continues and "will not reduce the oil demand forecast for 2021 and 2022".
However, in the…