Jun. 7—AUSTIN — Statewide and county crude oil and natural gas production as reported to the Railroad Commission of Texas for March 2024 came from 163,674 oil wells and 84,739 gas wells, a press release detailed. The RRC reports that preliminary total Texas reported production for March 2024 was approximately 121 million barrels of crude […]
Tag: Production
Exclusive-Chinese AI chip firms downgrading designs to secure TSMC production, sources say
By Fanny Potkin SINGAPORE (Reuters) – Some Chinese AI chip companies are now designing less powerful processors to retain access to Taiwan Semiconductor Manufacturing Co (TSMC) production in the face of U.S. sanctions, four people with knowledge of the matter said. Aiming to impede breakthroughs in artificial intelligence and supercomputing by China’s military, Washington has […]
Tesla Stock: Q2 China Registrations Narrow Gap To 2023 Amid Production Reduction Reports
Tesla (TSLA) vehicle insurance registrations in China last week jumped sequentially and increased vs. a year earlier, as China EV registrations broadly picked up steam at the end of May. TSLA shares angled slightly higher early Tuesday. X Tesla insurance registrations in China totaled 15,200 for the week of May 27-June 2, up 16% from […]
Ford Europe launches production of its first electric car in Cologne
Ford Europe began mass production of its electric car at its large plant in the western German city of Cologne on Tuesday. The launch had been planned for September last year but was delayed on account of a new standard for the crucial vehicle batteries. Now, the first vehicle is set to be handed over […]
‘Ready for immediate mass production’
A Chinese battery manufacturer has developed superfast charging cells — and it’s not industry leader CATL. Gotion High-Tech, a rival of China’s best-known and most successful developer of electric vehicle and other batteries, announced two batteries that can be rapidly charged plus new solid-state technology at its annual conference, Emerging Technology News reported. One of […]
Oil falls 3% on OPEC production cut as demand worries surface
Oil prices fell as much as 3.5% on Monday following OPEC+’s decision to start unwinding some voluntary cuts earlier than anticipated amid recent softness in oil prices and demand concerns heading into 2025. West Texas Intermediate (CL=F) futures slid to below $75 per barrel, while Brent (BZ=F), the international benchmark price, was hovering around $78.60 […]
Toyota S-FR concept reportedly gets green light for production
Enthusiasts wouldn’t give up talk about a resurrected Toyota Supra, so Toyota made one. With BMW deciding to end BMW Z4 production in March 2026, we might have to wait until late 2025 to know what Toyota plans for the sports car it builds atop the Z4‘s chassis. Enthusiasts also haven’t given up talking about […]
Toyota apologizes for cheating on vehicle testing and halts production of three models
TOKYO (AP) — Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. The wide-ranging faulty testing at Japan’s top automaker involved the use of inadequate or outdated data in collision tests, and incorrect testing of airbag inflation and rear-seat […]
Toyota apologizes for cheating on vehicle testing and halts production of three models
TOKYO (AP) — Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. The wide-ranging faulty testing at Japan’s top automaker involved the use of inadequate or outdated data in collision tests, and incorrect testing of airbag inflation and rear-seat […]
FAA says it doesn’t ‘have a timeframe’ for when Boeing will be allowed to increase production of its 737 Max planes again
The FAA conducted a three-hour meeting with Boeing leaders to address safety and quality issues. The FAA doesn’t “have a timeframe” for when Boeing can increase production of 737 Max planes. An investigation into Boeing manufacturing began after an Alaska Airlines door plug detached mid-flight. Boeing won’t be expanding its fleet of its 737 Max planes […]
Oil producers led by Saudis face a decision on whether to extend production cuts as oil prices lag
FRANKFURT, Germany (AP) — Saudi Arabia and allied oil producing countries face a decision Sunday on whether to extend production cuts set to expire next month — a move that could push oil prices higher as the summer travel season increases demand for fuel and as the U.S. presidential election contest heats up. The full […]