TOKYO—Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up 92 cents or 1.2 percent at $79.01 a barrel by 0208 GMT, having risen a third consecutive week…
Oil Gains for Fifth Day Amid Supply Constraints
September 27, 2021
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Japan Factory Output Seen Down Again in August on Supply Chain Disruption: Poll
September 24, 2021
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TOKYO—Japan’s factory output likely fell again in August as the country’s manufacturing sector faced supply chain disruptions driven by a global chip shortage and the spread of the Delta coronavirus variant in Southeast Asia. Retail sales also likely eased in August after a sharp rise in July, according to the poll, underscoring the fragility of…
Oil Prices Rise on Tight Supply, Renewed Risk Appetite
September 23, 2021
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LONDON—Oil prices extended gains on Thursday, riding higher on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories as production remains hampered in the Gulf of Mexico after two hurricanes. Brent crude rose 9 cents, or 0.1 percent, to $76.28 a barrel at 0856 GMT. U.S. West Texas Intermediate (WTI) crude was up…
Oil Rises 1 Percent as US Storm Aftermath Tightens Supply
September 21, 2021
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TOKYO—Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy of a crisis at heavily indebted property group China Evergrande. Brent crude gained 95 cents or 1.3 percent to $74.87 a barrel by 0645 GMT,…
Barra: GM Will Make ‘Substantial Shifts’ in Supply Chain Over Chips
September 18, 2021
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WASHINGTON—General Motors Co. Chief Executive Mary Barra said Friday the largest U.S. automaker plans to make changes in its supply chain as it works to address the continuing semiconductor chip crisis that has forced significant production cuts. “We’re going to make some pretty substantial shifts in our supply chain,” Barra said in an online interview….
Daimler Truck Boss Says Chip Supply Has Tightened Further
FRANKFURT—Daimler AG’s truck business, the world’s largest, has seen the supply of crucial chips tighten further in recent weeks, the division’s chief executive said in a Frankfurter Allgemeine Sonntagszeitung report. “Since the summer months the situation has intensified again,” Martin Daum told the weekly newspaper, adding this had affected production in Germany and the United…
Supply Fears Lead EU Vaccine Industry to Seek Home Comforts
FRANKFURT—European companies playing key supporting roles in COVID-19 vaccine manufacturing are working to move production and supply chains closer to their customers to guard against trade restrictions that have interrupted supplies during the pandemic. Germany’s Merck KGaA, whose Life Science unit is one of the world’s largest makers of bioreactor gear and supplies, told Reuters…
Oil Holds Above $75 as Storm-Hit US Supply Returns Slowly
September 17, 2021
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LONDON—Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3 percent thanks to the slow recovery in output after two hurricanes in the U.S. Gulf of Mexico. Brent crude futures fell 27 cents, or 0.36 percent, to $75.40 a barrel by 0838 GMT,…
Japan’s Hot Exports Growth Cools as COVID-19 Hits Supply Chains
TOKYO—Japan’s exports extended double-digit gains in August, led by strong shipments of chip manufacturing equipment, although the pace of growth weakened as COVID-19 hit key Asian supply chains and slowed factory production. The trade growth is unlikely to dispel worries about the outlook for Japan’s economy, which has not yet recovered to pre-pandemic levels after…
Airbus CEO Says Supply Chain Is in ‘Difficult Spot’
MONTREAL—Airbus is seeing mounting pressure on the aerospace supply chain and managing the problem is key to the industry’s recovery, the head of the European planemaker said on Tuesday. “We really see that the supply chain is in a much more difficult spot than it was before,” Chief Executive Guillaume Faury told the Conference of…
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