Latest News
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Shanghai Port wins Chinese Super League title after beating Dalian
Shanghai Port won the Chinese Super League on Saturday. A 1-0 victory over Dalian Yingbo meant that Kevin Muscat’s team finished the season with two points more than their cross-city rivals Shanghai Shenhua. Gabrielzinho, who latched on to Leonardo's pass in the fourth-minute in Dalian, scored the lone goal for Port. He slipped the ball past the home goalkeeper Huang Zihao with ease. Shanghai Port now has 66 points after 30 matches. This is two more than Shenhua of Leonid Shlutsky, who beat Tianjin Tiger 3-1. Port has won the title three times in a row, and twice in two seasons. This is after Australian Muscat took over from Javier Pereira. Shanghai Port and Shanghai Shenhua will both play next season in the Asian Champions League Elite, while Chengdu Rongcheng, who finished third last year, will compete in the Asian Champions League Two. (Reporting and editing by Ken Ferry)
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Officials say that crew evacuated from container ship after fire at Los Angeles port
The Los Angeles Fire Department reported that all crew members were evacuated from container ship One Henry Hudson on Friday after an explosion and fire disrupted its power and crane operation at San Pedro Port. The port has identified hazardous materials in several bays. Firefighters are using protective gear, including self-contained respirators. LAFD reported that marine units are continuing to cool the exterior of the ship, and no personnel is allowed below deck. ABC's affiliate broadcasts footage of firefighting boats spraying water over the containers that are on fire and the sides of the ship. Port officials announced that four of the seven container terminals in the port have been suspended and a safety zone around the vessel has been created. LAFD has announced that it has issued an order to shelter in place for San Pedro, Wilmington and other nearby areas due to the hazardous materials incident caused by the container ship fire. Los Angeles Mayor Karen Bass has said that residents of the affected areas should stay at home, with their windows shut and AC systems off. According to LSEG, the One Henry Hudson sailed under a Panaman flag and arrived at Los Angeles from Tokyo's Shinagawa Port on Wednesday. In an X-post, the office of California Governor Gavin Newsom said it was coordinating with local officials to support first responders. Mayor Bass stated that more than 100 firefighters were working to suppress the blaze and air quality was being monitored. Port of Los Angeles released a press release stating that the vessel was berthed in the Yusen Container Terminal. Fire suppression efforts continue. Reporting by Rajveer Pardesi in Bengaluru and Rishabh Jaisewal; editing by William Mallard, Tom Hogue
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BP crew excavates Olympic Pipeline but has yet to determine cause of leak
BP announced on Friday that its Olympic Pipeline crew had excavated over 100 feet (0.03km) of pipeline in response to a leak which occurred earlier this month near Everett (Washington), but they have yet to identify the source of leak. Washington Governor Bob Ferguson declared an emergency on Wednesday following the Olympic Pipeline shut down, which has caused jet fuel supply to Seattle-Tacoma International Airport to be disrupted. Crews have excavated safely over 100 feet but have yet to identify the source of the leak. In an email, a spokesperson for the company said that excavation and inspection would continue over night. The pipeline is still closed at this time. The London-based company that produces oil and gas did not give a timetable for restarting this pipeline. The Olympic Pipeline System is a 400-mile fuel pipeline that runs from Washington's northern border to Oregon. The pipeline transports refined petroleum product including gasoline, jet fuel and diesel to Seattle-Tacoma International Airport. First reported on 11 November, the fuel leak was discovered. BP reopened on Monday the one of two pipelines that were shut down to investigate the source of a product discharge east of Everett. Shortly after the restored line, it was shut down once again. This halted all refined product deliveries in the system. (Reporting and editing by Himani Sarkar in Bengaluru, Rishabh Jaisewal from Bengaluru)
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Australia's Northern Territory prepares for Tropical Cyclone Fina
Darwin, Australia, shut down its airport on Saturday as a precaution due to a tropical storm that is forecast to cause destructive winds and floods in the north of the country. The Bureau of Meteorology in Australia said that Fina, a category 3 cyclone located in the Van Diemen Gulf, with wind gusts of up to 185 km/h (115mph), would pass north of Darwin, capital of the Northern Territory later on Saturday, as a "severe Tropical Cyclone". On its website, the weather bureau warned that the cyclone would hit remote Tiwi islands and Cape Hotham before it reached Darwin. Residents of Darwin were urged to start or continue their preparations immediately, including securing boats, property and other valuables. Darwin International Airport issued an alert on Fina, its Facebook page, saying that all flights today, 22 Nov, are cancelled. The airport added that the conditions were expected worsen. The warning issued for Darwin, a city with a population of about 140,000 people, brings back painful memories of the Cyclone Tracy that wiped out 66 lives on Christmas Day, 1974. It was one of Australia’s worst natural disasters. Dean Narramore, senior meteorologist at the Weather Bureau, said that although it was unlikely to landfall in Darwin on Saturday morning, it would be felt there. Narramore, a meteorologist with the Australian Broadcasting Corporation, said that the forecast was for "widespread and heavy rains" as well as "damaging to locally destructive wind." "Staying above water means the intensity is likely to remain," he continued. According to the Weather Bureau, Category 3 tropical cyclones are two levels below the most dangerous rating. They typically cause damage to structures, trees, and crops, and power outages. The ex-tropical storm Alfred, which hit Queensland in March, closed schools and left hundreds of thousands without power. (Reporting and editing by Diane Craft, Himani Sarkar and Sam McKeith from Sydney)
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Canada Post and union reach agreement in principle to end lockouts and strikes
After more than two years, Canada Post and the union that represents thousands of mail carriers have reached an agreement in principle. This has halted all lockouts and strike actions. On September 25, more than 55,000 workers from the Canadian Postal Service walked out of their jobs after the government demanded that the company undergo a major transformation in order to improve its finances and modernize its operations. Postal service struggles as letter volume drops and private sector competition increases for parcel shipping. Canada Post, the nation's main postal service, said via email that tentative collective agreements have not yet been finalized by Canada Post and the Canadian Union of Postal Workers. The union stated that "Both parties have agreed on major points of the agreements, but we must agree on the contract language that will be used to form the collective agreement that members would vote on," CUPW said it would retain its right to strike until new agreements were ratified. (Reporting and editing by Chris Reese in Bengaluru, Mrinmay dey from Bengaluru)
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US warns airlines about potential dangers when flying over Venezuela
The U.S. Federal Aviation Administration on Friday warned major airlines of a "potentially dangerous situation" while flying over Venezuela, and encouraged them to exercise caution. The FAA's notice noted the "worsening situation in security and increased military activity around Venezuela", and warned that threats at any altitude could be dangerous to aircraft. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35 planes. The Trump administration has bombed boats that were allegedly transporting drugs and had left the shores of Venezuela or other Latin American countries. Since 2019, direct flights from the United States to Venezuela for passengers or cargo have been suspended. However, some U.S. carriers fly over Venezuela on some South American flights. American Airlines announced on Friday that they had stopped flying over Venezuela since October. Delta Air Lines, United Airlines and other airlines did not respond immediately to comments. The order did not prohibit flights over the country. Since September, the FAA has reported an increase in Global Navigation Satellite System (GNSS) interference in Venezuela. This can cause lingering effects on a flight and is also associated with "activity related to increasing Venezuela's military readiness". The FAA stated that Venezuela had conducted multiple military drills and mobilized thousands of reserve and military forces. It added that Venezuela never expressed any intention to target civil aviation. The agency stated that the Venezuelan military had advanced fighter aircraft, multiple weapons systems capable or exceeding civil aircraft operational altitudes and there was a potential low-altitude threat from anti-aircraft and air defense artillery. The FAA will continue to monitor risk for U.S. Civil Aviation operating in the area.
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US lawmakers urge enforcement of Biden wheelchair airline travel rules
On Friday, a group of U.S. House members called on the Trump Administration to enforce key provisions in a rule that was issued by former president Joe Biden's government and which requires new consumer protections when disabled passengers use wheelchairs. The letter was signed by 14 Democrats from the House Transportation and Infrastructure Committee, including Greg Stanton and Rick Larsen. Airlines for America, a trade association of United Airlines, Delta Air Lines and Southwest Airlines, as well as JetBlue Airways, filed a lawsuit in February against the rule that sets stricter standards for accommodating wheelchair-bound passengers. In September, the U.S. Transportation Department announced that it would not enforce certain provisions until a review was completed. This included one requiring airlines to be liable for wheelchairs mishandled. A second requirement was for airlines to reimburse wheelchair users the difference in fare between the flight they took and the one that would have been charged if the wheelchair had fit into the cargo or cabin of another aircraft. USDOT and the airline did not immediately respond to our request for comment. When they check wheelchairs or scooters, carriers must also notify passengers in writing about their rights and reimburse them for any damage caused to the wheelchairs. USDOT reported that 5.5 million Americans used a wheelchair last year. For every 100 wheelchairs and scooters transported by domestic flights, at least one of them is damaged, lost, or delayed. In October 2024 the USDOT fined American Airlines $50 million, a record amount, for its treatment towards disabled passengers. This included failing to provide adequate assistance to some and mishandling of wheelchairs. USDOT retracted a Biden proposal last week to require airlines pay cash compensation to passengers when carriers cause flight disruptions in the United States.
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India's weak demand for Urals oil leads to a widening of discounts on the oil
Sources say that the differentials between Russian Urals crude and other grades are under pressure due to the weakening value of the grade in India's ports. Three sources in the oil trade reported that discounts for Russian Urals crude have tripled in Indian ports since August compared to Brent dated as U.S. sanction drive key buyers from Moscow-supplied fuel. According to traders, the December Urals cargoes are currently trading at a discount of $5-$6 per barrel compared to Brent. This is about three times greater than the $1-2 seen in August. PLATTS WINDOW There were no bids or offers reported on the Platts Window for Urals CPC Blend, or Azeri BTC on Wednesday. Five sources have confirmed that U.S. sanctions will dismantle what is left of Litasco. Litasco was once Russia's largest oil trader, and a competitor to Swiss oil giants and top Swiss houses. (Reporting from ;)
Power sector drives development in US natural gas need: Maguire
The power sector is the only major consumer of gas that has actually revealed consistent need growth in recent years, and has ended up being the driving force behind natural gas need in the United States as consumption from other sectors declines.
Gas usage by power generators has broadened by around 3.5% a year over the previous three years, and is by far the biggest single source of gas use in the U.S., information from LSEG programs.
However by volume, development in natural gas usage by the power sector was surpassed by decreases in others. Average gas usage by power firms grew by 70 billion cubic feet daily in 2023, while average combined intake by market, families and industrial users fell by 114 billion cf/day.
Power companies accounted for around 44.4% of total domestic gas use in 2023, compared to around 29% by market, 15.5% by families and 11% by commercial users.
Commercial gas demand has actually declined by around 0.3% a year over the previous three years, while property and commercial gas demand has shrunk by around 0.5% and 0.7% yearly respectively, according to LSEG's gas demand designs.
The growing concentration of gas usage within the power sector poses a possible threat to the U.S. gas production sector, as further quick decarbonization of power systems might activate a. swift decline in gas demand for power while other major. intake sources are already in decrease.
ELECTRIC PUSH
A broad push to electrify specific heating and power systems. across homes and organizations has represented much of the cuts. to gas use outside power generation.
Electricity-powered heat pumps and boilers have replaced. gas-fired furnaces in scores of homes and services in current. years, although the speed of heat pump sales has actually slowed due to. high electricity rates and interest rates.
A record 4.3 million heat pumps were offered in the United. States in 2022, which was the very first year that heatpump sales. surpassed sales of gas-powered heaters in the nation,. according to the Air-Conditioning, Heating, and Refrigeration. Institute (AHRI).
Heatpump sales slowed to 3.6 million in 2023, and through. May of 2024 totalled 1.564 million units compared to 1.643. million units throughout the exact same months of 2023, AHRI information shows.
Regardless of the slowing sales pace, the cumulative effect of the. set up pumps on gas need has expanded, as each unit has. displaced some amount of direct gas intake.
POWER SWITCH
Estimates on the exact volumes of gas displacement. by heatpump are little, as many assessments made by industry. tend to be in terms of cost savings instead of in regards to the. volume of nonrenewable fuel source consumption that is cut.
Additional complicating the gas-impact calculus is the fact. that lots of heatpump setups typically replace one kind of. energy intake for another - from the direct burning of gas. in on-site boilers to electricity supplied by power firms.
And as that extra amount of electrical power must in turn. be created generally by power companies, the net impact on overall. gas usage in the United States remains difficult to determine.
That said, high-level need data expose clear trends.
Total U.S. natural gas usage during the very first half of. 2024 was up 2.3% from the exact same months in 2023.
Gas demand from power manufacturers was up 5.2% from the first. half of in 2015, while need from all other major gas users. was up just 0.5%, LSEG data programs.
Amongst non-power usages, gas need was 3.1% higher amongst. industrial users throughout the very first half of 2024 from the very same. period in 2015, however down 2.5% amongst residences and 1.2% lower. among commercial users.
That large divergence in use trends suggests that gas. consumption may be close to peaking among non-power users, while. continuing to broaden in the power generation sector.
GAS DEVELOPMENT
A consistent increase over the previous 5 years in the percentage. of electrical power generated from gas further illustrates. the importance of the power sector to the gas industry.
Natural gas produced 42.41% of utility-scale electrical energy. production in 2023, according to energy think tank Ember.
That share compares to 35% in 2018 and 24% in 2010, and. exposes how power firms have actually beefed up their dependence on natural. gas for electrical energy generation while gradually minimizing. generation from coal.
Coal's share of U.S. electrical energy generation was 16% in 2023,
down from 27% in 2018 and 45% in 2010, Coal information shows.
Electrical energy generation from solar and wind farms was 15.6%. in 2023, compared to 9% in 2018 and 2.3% in 2010.
A further constant expansion in eco-friendly electrical power. generation is anticipated over the coming years, which might help. power firms make further cuts to output from coal-fired plants. as part of emissions decrease objectives.
However power manufacturers look set to stay heavy users of. gas for electrical power generation, as gas plants can be. easily throttled up and down to match the ebbs and flows of. power need needs and to plug any generation shortfalls throughout. durations of low output from eco-friendly sources.
DEMAND PATTERN
Overall U.S. electrical power demand looks set to expand as more. energy end-uses become amazed and as total power. intake climbs from data centres and due to artificial. intelligence calculations.
Over the close to medium term, that higher power demand. outlook bodes well for the natural gas production sector, even. if direct gas usage in homes and commercial structures. continues to contract.
However over the longer run, the continuing concentration of gas. demand among the power sector positions a possible danger for the gas. industry.
A number of utility systems have plans to phase out gas-fired. generation and replace that power with a mix of. renewable resource generation along with battery storage systems. that can keep surplus sustainable power for later use.
Over the coming years, battery systems look set to stay. far too little to position any considerable danger to gas need.
But if utility-scale battery systems continue their current. quick development while dropping in expense, goals for wholesale. renewables + battery systems might come true and begin to. capture out gas from power systems in a years or two.
And if that occurs while other sources of gas demand likewise. shrink, a major gas supply surplus might emerge. << The opinions revealed here are those of the author, a. columnist .>
(source: Reuters)