Gasoline

Garrett Motion Reports First Quarter 2024 Financial Results

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星期四, 四月 25, 2024
USD, Gasoline, Internet, EDT, Capital, OEM, Research, Transport, Webcast, Capital expenditure, Public expenditure, Tax, Garrett Motion, Share repurchase, Adjustment, GAAP, Video game

ROLLE, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three months ended March 31, 2024.

Key Points: 
  • Gross profit totaled $172 million for the first quarter of 2024 as compared to $189 million in the first quarter of 2023, with a gross profit percentage for the first quarter of 2024 of 18.9% as compared to 19.5% in the first quarter of 2023.
  • Selling, general and administrative (“SG&A”) expenses for the first quarter of 2024 increased to $64 million from $56 million in the first quarter of 2023.
  • Interest expense in the first quarter of 2024 was $31 million as compared to $27 million in the first quarter of 2023.
  • Garrett plans to issue financial results for the first quarter 2024 on Thursday, April 25, 2024 before the open of market trading.

bp is opening its first gas station in Cosamaloapan, Veracruz

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星期一, 四月 22, 2024
Gasoline, Hydrocarbon, BP

COSAMALOAPAN, Veracruz, April 22, 2024 (GLOBE NEWSWIRE) -- Global energy company bp announced the start of operations at its new service station in Cosamaloapan, Veracruz, inaugurating the group's first establishment in this municipality.

Key Points: 
  • The new bp gas station in Cosamaloapan is set to provide quality fuel, full tanks (liter by liter), improved service, and secure payment options.
  • COSAMALOAPAN, Veracruz, April 22, 2024 (GLOBE NEWSWIRE) -- Global energy company bp announced the start of operations at its new service station in Cosamaloapan, Veracruz, inaugurating the group's first establishment in this municipality.
  • With the opening of this new gas station—located at Federal Highway Cosamaloapan - Tuxtepec No.
  • Simply put, without our local allies, we wouldn't have made it this far," stated Humberto Marroquín, Fuels General Director at bp Mexico.

DTE Energy helps make NFL Draft carbon neutral

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星期一, 四月 22, 2024
Gasoline, DTE, NFL, Natural gas, Marketing, Electricity, Carbon, Wind, Environment, Tree, National Football League, Food, National Football League Draft, DTE Energy, Atmosphere, AFL, Organization, Renewable energy

Detroit, April 22, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan’s largest producer of renewable energy, is working with the National Football League (NFL) and local tourism non-profit Visit Detroit to help the 2024 NFL Draft become carbon neutral.

Key Points: 
  • Detroit, April 22, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan’s largest producer of renewable energy, is working with the National Football League (NFL) and local tourism non-profit Visit Detroit to help the 2024 NFL Draft become carbon neutral.
  • DTE is helping reduce carbon emissions associated with the NFL Draft (April 25 – 27) by offsetting the carbon footprint of the energy used by the NFL for event production and operation, food and beverage preparation and consumption, merchandise sales, and the air and ground transportation for NFL employees and vendors.
  • DTE is securing offsets to protect forests in northern Michigan that are sequestering carbon and may have otherwise been cut down.
  • “DTE is excited to leverage the benefits of our voluntary renewable energy programs to create a cleaner environment for the NFL Draft and Visit Detroit,” said Tony Tomczak, vice president – Electric Sales and Marketing, DTE Energy.

LiquidPiston Achieves Key Milestone for U.S. Army Development Program’s 25hp Rotary Engine

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星期四, 四月 18, 2024
Gasoline, Liquidpiston, Hydrogen, Propane, Booth, HEHC, UAS, Electronics

BLOOMFIELD, Conn., April 18, 2024 (GLOBE NEWSWIRE) -- LiquidPiston, Inc. , a leading innovator of efficient internal combustion engine technology and hybrid power systems, today announced that a fully integrated version of its 25hp XTS-210 heavy-fuel rotary engine has begun testing.

Key Points: 
  • BLOOMFIELD, Conn., April 18, 2024 (GLOBE NEWSWIRE) -- LiquidPiston, Inc. , a leading innovator of efficient internal combustion engine technology and hybrid power systems, today announced that a fully integrated version of its 25hp XTS-210 heavy-fuel rotary engine has begun testing.
  • This milestone follows the successful completion of initial dynamometer testing of the engine core and enables parallel development of products powered by the engine, including a compact man-portable 10kW electric generator being developed under a U.S. Army contract awarded to LiquidPiston.
  • LiquidPiston will share updates on the newly integrated XTS-210 at two important upcoming industry conferences.
  • “LiquidPiston is moving the XTS-210 from the lab to the real world,” said LiquidPiston co-founder and CEO Alec Shkolnik.

Ivans Index Q1 2024 Results Released

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星期一, 四月 15, 2024
Umbrella, Product management, Insurance, BOP, Commercial property, Policy, Gasoline

Milwaukee, WI., April 15, 2024 (GLOBE NEWSWIRE) -- Ivans ® today announced the results for Q1 2024 Ivans Index™, the insurance industry’s premium renewal rate index.

Key Points: 
  • Milwaukee, WI., April 15, 2024 (GLOBE NEWSWIRE) -- Ivans ® today announced the results for Q1 2024 Ivans Index™, the insurance industry’s premium renewal rate index.
  • Q1 2024 experienced an increase in average premium renewal rate change across all major commercial lines compared to Q4 2023.
  • Premium renewal rate change by line of business for Q1 2024 highlights include:
    Commercial Auto: Q1 2024 average premium renewal rate averaged 9.09%, an increase compared to Q4 2023’s average premium renewal rate of 8.79%.
  • Workers’ Compensation: Workers’ Compensation premium renewal rate change averaged -0.88% in Q1 2024, down from Q4 2023 at -0.64%.

CoBank Quarterly: Sticky Inflation Puts Federal Reserve on the Horns of a Dilemma

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星期四, 四月 11, 2024
Knowledge, Leg, Consumer, Investment, AI, Research, Growth, House, E85, Farmer, Senate, AG, Legislation, Food, Francis Scott Key, Ethanol, Grain, Congress, Soybean, Cheese, Federal Reserve, Iowa State University, Class, Hand, Plant, Restaurant, Steel, Corn oil, Ministry of Labour, Gasoline, El Niño, EPA, Natural gas, Heat, Artificial intelligence, USDA, Henry Hub, Pressure, Ivory, Policy, Electricity, History, Butter, Cotton, Infrastructure, Representative, Fed, Foodservice, Agriculture

While inflation rates are trending in the right direction, they remain higher than ideal.

Key Points: 
  • While inflation rates are trending in the right direction, they remain higher than ideal.
  • The Federal Reserve has assured interest rate cuts are coming this year.
  • “Inflation is proving to be more difficult to tamp down than expected,” said Rob Fox , director of CoBank’s Knowledge Exchange.
  • To date, neither the House of Representatives nor the Senate Agriculture committees have released text to reauthorize the farm bill.

Pioneer Natural Resources Responds to FTC Settlement Complaint Filed as Part of Approval of Proposed Transaction with ExxonMobil

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星期四, 五月 2, 2024
Professional Services, Other Natural Resources, Oil, Gas, Legal, Energy, Natural Resources, Permian, Gasoline, Methane, FTC, Nature, Pioneer, Pioneer Natural Resources, Safety, XOM, ExxonMobil, Supreme court, Natural gas, Health, Bankruptcy, Complaint, Consent, OPEC, Culture, Railroad Commission of Texas, PXD, COVID-19, Growth, Constitutional right, Security (finance)

Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing.

Key Points: 
  • Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing.
  • At the same time, Mr. Sheffield and Pioneer believe that the FTC’s Complaint reflects a fundamental misunderstanding of the U.S. and global oil markets and misreads the nature and intent of Mr. Sheffield’s actions.
  • During Mr. Sheffield’s career, it was neither the intent nor an effect of Mr. Sheffield’s communications to circumvent the laws and principles protecting market competition.
  • Mr. Sheffield also led the effort to curb methane emissions and flaring in the Permian Basin.

ICE Aligns Midland WTI (HOU) Crude Quality Specifications to Match U.S. Physical Gulf Coast Crude Cargoes

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星期三, 五月 1, 2024
Professional Services, Data Analytics, Oil, Gas, Energy, Finance, Banking, Nickel, ECHO, HOU, Vanadium, ICE, Intercontinental Exchange, Rest, WTI, RVP, Iron, Gasoline, Intercontinental, MEH, Growth

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that its ICE Midland WTI (ICE:HOU) futures contract is now further aligned with Midland WTI crude oil deliverable into Dated Brent and the rest of the Brent complex after ICE updated the quality specifications of the crude deliverable into the contract.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that its ICE Midland WTI (ICE:HOU) futures contract is now further aligned with Midland WTI crude oil deliverable into Dated Brent and the rest of the Brent complex after ICE updated the quality specifications of the crude deliverable into the contract.
  • The underlying crude oil quality of HOU futures now fully aligns with the globally accepted quality standard for Midland WTI crude after ICE added a maximum Iron content of 10 milligrams per kilogram (mg/kg) and replaced the combined Nickel and Vanadium maximum content with individual maximum contents of 2.0 mg/kg each.
  • “This provides the market with the only transparent source for exchange guaranteed Midland quality WTI,” said Jeff Barbuto, Global Head of Oil Markets at ICE.
  • Deliveries of Midland WTI crude oil through the HOU contract average 4.4 million barrels each month.

Employees Say Pay Hasn’t Kept Up with Cost of Living, Hindering Return to Office Enthusiasm

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星期二, 四月 30, 2024
Professional Services, Technology, Human Resources, Finance, Software, Consulting, Capterra, HR, Work, Multimedia, Gasoline, Food, Management

Capterra’s 2024 Cost of Work Survey of over 2,700 global employees reveals that 60% of respondents say their personal financial costs to work have increased in the past twelve months.

Key Points: 
  • Capterra’s 2024 Cost of Work Survey of over 2,700 global employees reveals that 60% of respondents say their personal financial costs to work have increased in the past twelve months.
  • View the full release here: https://www.businesswire.com/news/home/20240430947866/en/
    Many employees are returning to offices around the globe but most don’t want to.
  • A notable 35% of employees say they would enjoy working onsite more if there was an informal dress code.
  • Financial wellness benefits can help employees better budget their pay; flexible schedules can reduce the time employees spend in costly traffic.

KIA SPORTAGE PLUG-IN HYBRID WINS A 2024 BEST HYBRID AND ELECTRIC CARS AWARD FROM U.S. NEWS & WORLD REPORT

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星期二, 四月 30, 2024
Gasoline, Plug-in hybrid, EPA, Weather, Hybrid, EVP, News, Electric car, Photography, NBA, Kia, LED, HEV, Multimedia, Temperature, SUV, Plug, PHEV

IRVINE, Calif., April 30, 2024 /PRNewswire/ -- U.S. News & World Report has named the 2024 Kia Sportage Plug-In Hybrid "Best Plug-In Hybrid SUV" for the first time.

Key Points: 
  • IRVINE, Calif., April 30, 2024 /PRNewswire/ -- U.S. News & World Report has named the 2024 Kia Sportage Plug-In Hybrid "Best Plug-In Hybrid SUV" for the first time.
  • To identify leaders for each of the 2024 Best Hybrid and Electric Cars award categories, U.S. News evaluated 96 luxury and affordable hybrid, plug-in hybrid and electric cars, SUVs, and trucks.
  • "Kia Sportage Plug-In Hybrid's recognition as U.S. News & World Report's 'Best Plug-In Hybrid SUV' reflects Kia's pursuit of excellence in the areas of innovation, technology, and efficiency," said Steven Center, COO & EVP, Kia America.
  • "Kia is honored to be named among the 2024 Best Hybrid and Electric Cars."