production cuts

Latest news and articles about production cuts from NEX English

Chinese oil refineries request production cuts amid government pressure

Private oil refineries in China have requested government approval to reduce processing rates after a month of orders to increase production. This request comes as the country faces significant challenges in meeting market demands.

Stabilize Nickel Prices at $17,000 per Ton After Production Cuts

The Indonesian Ministry of Energy and Mineral Resources announced that nickel prices have stabilized at <strong>$17,000</strong> per ton following the implementation of production quota reductions. Prices had previously ranged between <strong>$14,000</strong> and <strong>$15,000</strong> per ton.