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'Perfect storm' of tight supply & global demand drives oil prices higher

3 days ago DieselGasoil Comments Off on 'Perfect storm' of tight supply & global demand drives oil prices higher
Oil prices have risen far higher and faster than most analysts expected, with major banks now changing their forecasts as a perfect storm of factors forms around oil markets. “The latest Brent rally has brought prices to our peak forecast of $67.5/bbl, three months early,” Goldman Sachs wrote in a note. The investment bank said Read More

Oil market can weather zero Iranian exports

5 days ago DieselGasoil Comments Off on Oil market can weather zero Iranian exports
By Margaret Talev and Stephen Cunningham on 3/17/2019 WASHINGTON (Bloomberg) — U.S. officials said the global oil market can withstand the removal of all Iranian crude exports this year, a conclusion that could be pivotal in the coming weeks as President Donald Trump weighs whether to end sanctions waivers granted to several nations. Based on Read More

Tesla to close retail stores, offer cheaper Model 3 in hope of repaying $1bn debt

3 weeks ago DieselGasoil Comments Off on Tesla to close retail stores, offer cheaper Model 3 in hope of repaying $1bn debt
Electric car maker Tesla has announced a $35,000 version of its Model 3 sedan and a switch to online-only sales, in hopes of cutting costs while boosting demand and stock price before having to repay nearly $1 billion in debt. “To achieve these prices while remaining financially sustainable, Tesla is shifting sales worldwide to online Read More

Sunrun Reports Fourth Quarter and Full Year 2018 Financial Results

3 weeks ago DieselGasoil Comments Off on Sunrun Reports Fourth Quarter and Full Year 2018 Financial Results
Added over 50,000 customers in 2018, growing our customer base 29% year-over-year to 233,000 Total deployments of 373 MWs in 2018, an increase of 15% year-over-year Cash increased $63 million in 2018 Net Earning Assets of $1.4 billion, an increase of 19% year-over-year SAN FRANCISCO, Feb. 28, 2019 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the Read More

Updated renewable portfolio standards will lead to more renewable electricity generation

3 weeks ago DieselGasoil Comments Off on Updated renewable portfolio standards will lead to more renewable electricity generation
February 27, 2019 Source: U.S. Energy Information Administration, based on states’ renewable portfolio standards As of the end of 2018, 29 states and the District of Columbia (DC) had renewable portfolio standards (RPS), polices that require electricity suppliers to supply a set share of their electricity from designated renewable resources or eligible technologies. Although no Read More

Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2018 Results

3 weeks ago DieselGasoil Comments Off on Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2018 Results
HOUSTON, Feb. 26, 2019 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) today reported operational and financial results for the fourth quarter and full year 2018. Key highlights included: Increased fourth quarter 2018 revenues to $97.3 million, above the high end of the guidance range of $80 – $90 million Recorded strong non-project bookings of $87 Read More