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mahi
2021-03-17
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mahi
2021-02-21
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Goldman Sachs sees minimal oil price impact from Texas freeze
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A deep freeze in Texas that has brought power outages and shut refineries and pip","content":"<p>Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.</p><p>Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.</p><p>Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.</p><p>The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.</p><p>“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.</p><p>Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.</p><p>Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.</p><p>Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs sees minimal oil price impact from Texas freeze</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs sees minimal oil price impact from Texas freeze\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-19 14:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.</p><p>Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.</p><p>Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.</p><p>The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.</p><p>“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.</p><p>Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.</p><p>Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.</p><p>Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137053250","content_text":"Feb 19 (Reuters) - A deep freeze in Texas that has brought power outages and shut refineries and pipelines will have only a small and transitory impact on the global oil market, Goldman Sachs said in a note.Oil prices slid by up to 2% on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.Texas’s energy outages extended into a sixth day on Thursday, with the impact of reduced supplies from the biggest energy-producing state in the United States spilling over to neighbouring Mexico.The bank estimates an average decline of 700,000 barrels per day (bpd) in February production of U.S. Lower-48 onshore crude, seeing a quick output rebound on expectations of warmer weather this weekend.“While the gross impacts on supply and demand are large, they are mostly offsetting, and even more importantly, transitory, resulting in minimal implications for global oil prices, leaving risks to a further reversal of this week’s rally,” it said in Thursday’s note.Goldman estimates, on the demand side, industrial and shale downtime will reduce refinery gas by 50,000 bpd and diesel consumption by 150,000 bpd, while blocked roads and canceled flights will limit road gasoline demand by 250,000 bpd and jet fuel demand by 60,000 bpd.Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.Since oil refineries are potentially worse prepared for uniquely cold weather than seasonal storms, that could leave risks to the downside to even more prolonged refining downtime, it added. (Reporting by Sumita Layek in Bengaluru; Editing by Clarence Fernandez)","news_type":1},"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":360821788,"gmtCreate":1613887167444,"gmtModify":1634551946533,"author":{"id":"3576172021938420","authorId":"3576172021938420","name":"mahi","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[白眼] ","listText":"[白眼] ","text":"[白眼]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/360821788","repostId":"1137053250","repostType":4,"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324679078,"gmtCreate":1615991695194,"gmtModify":1703496099047,"author":{"id":"3576172021938420","authorId":"3576172021938420","name":"mahi","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[摊手] ","listText":"[摊手] ","text":"[摊手]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324679078","repostId":"1140170853","repostType":4,"repost":{"id":"1140170853","pubTimestamp":1615989472,"share":"https://www.laohu8.com/m/news/1140170853?lang=&edition=full","pubTime":"2021-03-17 21:57","market":"us","language":"en","title":"Plug Power to Restate Financials, Stock Plummets","url":"https://stock-news.laohu8.com/highlight/detail?id=1140170853","media":"The Street","summary":"Shares of Plug Power (PLUG) -Get Report plummeted more than 13% on Wednesday, after the fuel-cell co","content":"<p>Shares of Plug Power (<b>PLUG</b>) -Get Report plummeted more than 13% on Wednesday, after the fuel-cell company said it will restate its financial results going back to 2018.</p><p><img src=\"https://static.tigerbbs.com/28a6c7b5b383dfb719c7d2920d6846d5\" tg-width=\"685\" tg-height=\"479\"></p><p>Plug Power said in anews releasewill restate its financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020, which will be disclosed in the Form 10-K for the year ended Dec. 31, 2020.</p><p>KPMG, the company's accounting firm, management and the audit committee of Plug Power’s board of directors \"determined that the company’s prior period financial statements need to be restated due to errors in accounting primarily related to several non-cash items, including:</p><ul><li>The reported book value of right of use assets and related finance obligations;</li><li>Loss accruals for certain service contracts;</li><li>The impairment of certain long-lived assets; and</li><li>The classification of certain costs, resulting in a decrease in research and development expense and a corresponding increase in cost of revenue.</li></ul><p>“The accounting related to the restatement is complex and technical and involves significant judgments in how to apply U.S. GAAP, given the innovative nature of the company’s business and its leading position in a new and rapidly developing industry,” Plug Power said.</p><p>As a result of the corrections, Plug Power will not file its form 10K by Tuesday as planned, it said, but will do so “as soon as possible.”</p><p>After it reported fourth-quarter results in February, the company and KPMG identified the issues, which it said did not “result from any override of controls or misconduct.”</p><p>Shares of Plug Power were up 1,446% over the past year, compared with gains of more than 60% for the S&P 500 index. At the start of March,JP Morgan upgraded the hydrogen fuel cell companyto overweight from neutral.</p><p>Shares fell 8.14% in regular trade Tuesday to close at $42.68. In late trade, the stock was down 11.4% to $37.82.</p><p>On Wall Street Tuesday,stocks finished mixedas the Dow Jones Industrial Average and S&P 500 fell from records and investors turned their attention to the Federal Reserve for the central bank's projections on the economy.</p><p>The Dow Jones Industrial Average finished down 127 points, or 0.39%, to 32,825. The blue-chip index closed higher Monday for a seventh straight session.</p><p><img src=\"https://static.tigerbbs.com/afceffb177ea9e9ae7b19db3068a0ae1\" tg-width=\"685\" tg-height=\"498\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power to Restate Financials, Stock Plummets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power to Restate Financials, Stock Plummets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 21:57 GMT+8 <a href=https://www.thestreet.com/investing/plug-power-to-restate-financials-stock-plummets><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Plug Power (PLUG) -Get Report plummeted more than 13% on Wednesday, after the fuel-cell company said it will restate its financial results going back to 2018.Plug Power said in anews ...</p>\n\n<a href=\"https://www.thestreet.com/investing/plug-power-to-restate-financials-stock-plummets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"source_url":"https://www.thestreet.com/investing/plug-power-to-restate-financials-stock-plummets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140170853","content_text":"Shares of Plug Power (PLUG) -Get Report plummeted more than 13% on Wednesday, after the fuel-cell company said it will restate its financial results going back to 2018.Plug Power said in anews releasewill restate its financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020, which will be disclosed in the Form 10-K for the year ended Dec. 31, 2020.KPMG, the company's accounting firm, management and the audit committee of Plug Power’s board of directors \"determined that the company’s prior period financial statements need to be restated due to errors in accounting primarily related to several non-cash items, including:The reported book value of right of use assets and related finance obligations;Loss accruals for certain service contracts;The impairment of certain long-lived assets; andThe classification of certain costs, resulting in a decrease in research and development expense and a corresponding increase in cost of revenue.“The accounting related to the restatement is complex and technical and involves significant judgments in how to apply U.S. GAAP, given the innovative nature of the company’s business and its leading position in a new and rapidly developing industry,” Plug Power said.As a result of the corrections, Plug Power will not file its form 10K by Tuesday as planned, it said, but will do so “as soon as possible.”After it reported fourth-quarter results in February, the company and KPMG identified the issues, which it said did not “result from any override of controls or misconduct.”Shares of Plug Power were up 1,446% over the past year, compared with gains of more than 60% for the S&P 500 index. At the start of March,JP Morgan upgraded the hydrogen fuel cell companyto overweight from neutral.Shares fell 8.14% in regular trade Tuesday to close at $42.68. In late trade, the stock was down 11.4% to $37.82.On Wall Street Tuesday,stocks finished mixedas the Dow Jones Industrial Average and S&P 500 fell from records and investors turned their attention to the Federal Reserve for the central bank's projections on the economy.The Dow Jones Industrial Average finished down 127 points, or 0.39%, to 32,825. The blue-chip index closed higher Monday for a seventh straight session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
