Reuters US Business

By Curtis Williams and Georgina McCartney HOUSTON (Reuters) – U.S. oil and gas activity increased slightly in the first quarter, but energy company executives were pessimistic about the sector’s outlook, wary of new trade policies from President Donald Trump’s administration, a Dallas Fed survey showed on Wednesday. Trump has promised to unleash U.S. energy dominance, …

US oil, gas activity rose in first quarter, but energy execs wary of tariffs, Dallas Fed says Read More »

MEXICO CITY (Reuters) – Mexican state energy company Pemex is actively looking to diversify its market for both motor fuel imports and crude oil exports, the head of its international trading unit PMI said on Tuesday. “If new opportunities in other markets open, we’ll pursue them and are pursuing them,” PMI Chief Executive Officer Margarita …

Mexico’s Pemex looks to diversify market amid Trump tariff threats Read More »

SHANGHAI (Reuters) -Chinese electric vehicle giant BYD aims to double its sales outside China to more than 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts on an earnings call on Tuesday. BYD, which sold 417,204 units overseas in 2024, expects to see “a substantial rise” …

BYD aims to double overseas sales to 800,000 in 2025, chairman tells analysts Read More »

ANKARA/BEIJING (Reuters) -Turkey said on Wednesday that Chery Automobile’s partners will invest $1 billion in a manufacturing facility in the country with an annual capacity to produce 200,000 vehicles a year. The Chinese company, one of the world’s top automakers, immediately issued a statement denying that it planned to build a factory in Turkey. An …

Turkey says Chery Auto’s partners to invest $1 billion in plant to make 200,000 cars/year Read More »

By Stephanie Kelly NEW YORK (Reuters) -U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.3 million barrels to 433.6 million barrels in the week ended March 21, the EIA said, compared with …

US crude stockpiles fall as refining continues to rise, EIA says Read More »

By Juveria Tabassum (Reuters) -Dollar Tree said on Wednesday that a group of private-equity investors would acquire its Family Dollar business for about $1 billion, bringing an end to its nearly year-long search for potential buyers for the troubled discount-store chain. The 66-year-old business, which Dollar Tree bought in 2015 for about $9 billion, has …

Dollar Tree offloads struggling Family Dollar chain for $1 billion Read More »