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Tesla’s production expansion, surging oil prices bring stock upgrade from Daiwa Securities

Teslarati

Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock.

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EIA expects summer US real gasoline and diesel prices to be the highest since 2014

Green Car Congress

EIA expects higher fuel prices this summer as a result of higher crude oil prices. Crude oil prices have generally risen since the start of the year partly as a result of geopolitical developments, particularly Russia’s war against Ukraine. Greater demand will contribute to higher crude oil prices.

Gasoline 259
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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273
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EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

Green Car Congress

Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets. In 2022, both low global distillate fuel inventories and high crude oil prices have been contributing to higher global distillate prices.

Diesel 259
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bp to exit its 19.75% shareholding in Rosneft

Green Car Congress

Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region. Like so many, I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to everyone affected. bp has operated in Russia for over 30 years, working with brilliant Russian colleagues.

Russia 186
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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

Russia 150