Tag Archives: Capacity

‘The world should be worried’: Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection The global oil market remains tight according to Saudi Aramco, the largest oil producer in the world. And that does not bode well for a world that still relies heavily on fossil fuels. “Today there is spare capacity that is extremely low,” Saudi Aramco CEO Amin Nasser says at a conference in London. “If China… Source link

Oil prices could spike again by the beginning of 2023, says one analyst. “Domestically, whether it’s oil or it’s gas, these companies have very very limited incremental capacity at this time,” Truist Securities Managing Director of Energy Research Neal Dingmann told Yahoo Finance Live. U.S natural gas prices rallied on Monday to new 14-year highs over reserve concerns and the energy crisis in Europe. Oil prices declined during the session amid worries of a global slowdown and the prospects of… Source link

Fisker (FSR) shares are on the move after the company posted an upbeat quarterly financial report. Though the EV automaker hasn’t posted meaningful revenue or earnings yet, its upcoming first model, the Fisker Ocean SUV, crossed 56,000 reservations as of August 1. Of those, 5,000 are for the Fisker Ocean One special edition, which requires a $5,000 down payment. Fisker confirmed it is all set to begin production of the Fisker Ocean on November 17 at contract partner Magna Steyr’s (MGA)… Source link

Tesla (TSLA) stock was up over 10% Thursday afternoon, as the electric vehicle maker reported a better quarter than feared, given production challenges in China, component shortages, and the resources it’s using to gear up production at new factories in Austin and Berlin. In Tesla’s shareholder letter, the company noted that its installed annual capacity, or theoretical max production, increased by nearly two-fold. Tesla’s Fremont production capacity expanded to 650,000 vehicles from… Source link

– Selects Indiana as Location for New Tempur Plant – Fourth Manufacturing Facility Added in North America in the Last Twelve Months LEXINGTON, Ky., June 7, 2021 /PRNewswire/ — Tempur Sealy International, Inc. (NYSE: TPX, “Tempur Sealy” or the “Company”) today announced that it has selected Crawfordsville, Indiana as the site for its previously-announced third domestic foam-pouring plant. The new state-of-the-art plant is expected to be the largest Tempur Sealy manufacturing facility in the… Source link

Facebook Inc (NASDAQ: FB) is planning two undersea cables, along with Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), which will connect Southeast Asia with North America, Reuters reported Monday.What Happened: The two cables named — Echo and Bifrost — will be the first to go through a new diverse route across the Java Sea and will increase trans-pacific subsea capacity by nearly 70%, according to Kevin Salvadori, Facebook’s vice president of Network Investments. The cables will directly… Source link

Super Bowl LV will look a little different than the big game has in years past, but there will be fans in the stands two weeks from Sunday. The NFL announced that there will be 22,000 fans at the Super Bowl this year, which is a little more than one-third the capacity of Raymond James Stadium in Tampa, Florida. Of those, 7,500 tickets will be given out to vaccinated healthcare workers from hospitals and healthcare systems in Tampa and Central Florida, along with additional vaccinated… Source link

(Repeats without changes) ANKARA, Dec 26 (Reuters) – BioNTech Chief Executive Ugur Sahin said his company would be open to cooperating with others as it looks to increase production capacity for its COVID-19 vaccine developed with Pfizer and was considering opening an office in Turkey. Sahin repeated BioNTech aimed to distribute 1.3 billion doses of its vaccine by the end of 2021 and that 70% of the world needed to be vaccinated by next winter to go back to “normal life”, according to an… Source link

TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and hyper-partisan Congress is unlikely to enact any sweeping legislation, reform or otherwise, and COVID vaccines are ready for distribution. It’s a recipe for a calm news cycle.Which makes it a perfect time to… Source link