Tags - Production
Iran has decided to produce 33 million tons of steel in the current Iranian calendar year (started March 20, 2020), a statistical study said.
News ID: 9509    Publish Date : 2020/05/15

Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up.
News ID: 9421    Publish Date : 2020/05/08

The Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama, Nissan Motor Co., announced on 7th May’20 that it is extending its production halt for most of the USA manufacturing plants in regards to the coronavirus pandemic.
News ID: 9390    Publish Date : 2020/05/08

Why to take extra care when restarting equipment after prolonged periods of downtime
News ID: 9356    Publish Date : 2020/05/06

Russia's crude and condensate production edged higher in April — the only month in which output restrictions have not been in place since the Opec+ alliance began co-ordinated cuts in January 2017.
News ID: 9350    Publish Date : 2020/05/06

Japanese trading house Sumitomo is partnering Malaysian offshore oil services firm Yinson in owning and chartering a floating production, storage and offloading (FPSO) vessel for state-controlled Petrobras' Marlim II project in Brazil.
News ID: 9277    Publish Date : 2020/04/30

ACHENBACH BUSCHHÜTTEN, specialist and world market leader for aluminium foil rolling mills and foil slitting machines, was ordered by LOTTE ALUMINIUM, subsidiary of the multinational LOTTE group which is the fifth-largest company in South Korea, to establish a new Greenfield production plant in Hungary. There, thinnest aluminium foils as a sophisticated carrier material for rechargeable batteries are produced highly productive with Achenbach machinery in the near future.
News ID: 9258    Publish Date : 2020/04/28

Saudi Aramco began reducing oil production earlier this week ahead of the May 1 start date for OPEC+ output cuts, according to a Saudi industry official familiar with the matter.
News ID: 9245    Publish Date : 2020/04/26

China's domestic cold-rolled coil (CRC) prices have fallen to three-year lows because of a slow recovery in the auto sector, forcing mills with negative margins to make production cuts.
News ID: 9236    Publish Date : 2020/04/27

The Buzzard field in the UK North Sea has resumed production following an unplanned shutdown last week.
News ID: 9233    Publish Date : 2020/04/27

Opec said today that it expects an "historic decline" in 2020 global oil demand to reflect the effect of the Covid-19 pandemic on consumption. It marks a drastic revision from its previous demand projection.
News ID: 9170    Publish Date : 2020/04/16

Oil prices rose more than 1% on Tuesday after the main US energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
News ID: 9163    Publish Date : 2020/04/14

Global oil demand will fall this month to a level last seen in 1995, the IEA said today. But it did not give any clear indication that a week of diplomacy by its executive director Fatih Birol has achieved any concrete pledges of extra production reductions or purchases for strategic storage.
News ID: 9158    Publish Date : 2020/04/15

Republican US senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
News ID: 9128    Publish Date : 2020/04/12

Crude futures rose in early Asian trading after Opec and non-Opec producers finalised a landmark two-year production restraint agreement that will take 9.7mn b/d off the market in May and June.
News ID: 9123    Publish Date : 2020/04/13

The slowdown in manufacturing in Japan that had resulted from the outbreak of Covid-19 is intensifying, signalling a greater potential downturn in steel demand over the coming months.
News ID: 9121    Publish Date : 2020/04/13

The president of Mexico -- the lone holdout in an OPEC deal to cut crude production and shore up prices -- said Friday that he has reached a deal with the US president to reduce oil output.
News ID: 9110    Publish Date : 2020/04/11

Indian private-sector producer JSW Steel fell just short of its 2019-20 production target because of the coronavirus outbreak but plans to restart all its operations when India's lockdown is scheduled to end on 15 April.
News ID: 9057    Publish Date : 2020/04/07

US oil producers are likely to lower their output by some 30pc, as crude prices plummet after Saudi Arabia and Russia last month said they would increase production, and governments limits travel to contain the coronavirus, leading to a collapse in demand. Key Bakken operator Continental Resources executive chairman Harold Hamm spoke to Argus on how the Trump administration and US producers are responding to the changing market conditions. Edited highlights follow:
News ID: 9054    Publish Date : 2020/04/07

Chairman of Iranian Mines and Mining Industries Development and Renovation Organization Khodadad Gharibpour and a private sector consortium on March 16 signed a memorandum of understanding for the establishment of Iran’s first silicon production factory.
News ID: 9053    Publish Date : 2020/04/05