Opec says Opec+ raised output in November, leaves demand view steady

Opec says Opec+ raised output in November, leaves demand view steady

[LONDON] Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+ members pressed ahead with another production increase, and it maintained forecasts for relatively strong growth in demand next year. Opec+, which includes the Organization of the Petroleum Exporting Countries and allies such as…

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Cambricon aims to triple chip output to replace Nvidia in China

Cambricon aims to triple chip output to replace Nvidia in China

The company is preparing to deliver half a million artificial intelligence accelerators in 2026 [BEIJING] Cambricon Technologies plans to more than triple its production of AI chips in 2026, aiming to wrest market share from Huawei Technologies in China and fill a void left by Nvidia’s forced exit. The Beijing-based company is preparing to deliver…

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Major Indonesia nickel plant cuts output as waste piles up

Major Indonesia nickel plant cuts output as waste piles up

HPAL producers have also been contending with the higher cost of sulphur, a chemical used to produce acid [SINGAPORE] A majority Chinese-owned plant at Indonesia’s most important nickel site is cutting back production as its tailings site is nearly full, according to sources familiar with the matter, highlighting the industry’s growing waste management challenge. Output…

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Nissan to cut more output at Kyushu plant on chip supply troubles

Nissan to cut more output at Kyushu plant on chip supply troubles

[TOKYO] Japan’s Nissan will cut production by another 1,400 vehicles at its Kyushu plant next week, as the fallout from chip supply disruptions linked to Chinese-owned Nexperia continues to affect its domestic operations, a person familiar with the matter said. The move follows a 900-vehicle reduction in output last week. Cuts this time will include…

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Latino Businesses Drove Major Economic Gains With Near-$120 Billion in Output Last Year: Report

Latino Businesses Drove Major Economic Gains With Near-0 Billion in Output Last Year: Report

Latino-owned certified minority businesses in the United States generated $117.3 billion in revenue in 2024 and supported 372,300 jobs, according to the National Minority Supplier Development Council (NMSDC) Furthermore, the report found that minority-owned certified businesses produced nearly $599.7 billion in total output, registering a 9.4 % increase year-on-year—outpacing the U.S. GDP growth rate. The…

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Opec+ pauses oil output hikes beyond December amid glut fears

Opec+ pauses oil output hikes beyond December amid glut fears

The group has been unwinding voluntary cuts, while the last element of the cuts for the whole group is meant to stay in place until the end of 2026 [LONDON/MOSCOW] Organization of the Petroleum Exporting Countries and its allies (Opec+) on Sunday (Nov 2) agreed a small oil output increase for December and a pause…

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