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Sources say that the residuum fuel in Venezuelan tanks is almost non-existent as exports are nearly paralyzed.
Four sources claim that the accumulation of fuel in Venezuela's onshore tank stores is forcing the state-owned PDVSA company to take 'extreme measures' to avoid shutting down?refining facilities. Meanwhile, a U.S. ban on sanctioned tanks entering and leaving the country has almost paralyzed exports. Venezuela produces a lot of residual fuels, mainly high-sulfur oil. These are exported to Asia. According to shipping and company documents, the U.S. Blockade has cut down on?those shipments?to a minimum over the past two weeks. PDVSA, as part of its floating storage strategy, has stored crude oil and fuel oil on tankers after topping up the tanks on land almost entirely. One source said that the company has a limited capacity because it already has 25 million barrels of residuals in storage. PDVSA is now trying to ?reopen idled tanks and has ?begun sending residual fuel to oil waste pools in the country's western ?region, an extreme solution to avoid shutdowns of operational units at the country's 955,000-barrel-per-day Paraguana Refining Center, another source said.
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Finland suspects ship damaging cable in Baltic Sea in latest incident
The Finnish police announced on Wednesday that they had seized a ship believed to be responsible for damaging an undersea cable connecting the Estonian capital Tallinn to Helsinki, across the Gulf of Finland. This area has been plagued by alleged sabotage in recent years. The police declined to identify the ship, its nationality or provide any other details about it and its crew. Eight NATO countries border the Baltic Sea which borders Russia. Since the Russian invasion of Ukraine in 2022, they have been on high-alert after a series of outages along power cables, teles links and pipelines running along the relatively shallow seabed. NATO has increased its presence in the Baltic Sea with aircraft, frigates and naval drones. Police and the Finnish Border Guard Authority said that the vessel suspected of being responsible for the damage was dragging an anchor in the water and had been directed into Finnish territorial waters. Police said that the cable belonged to Finnish telecoms group Elisa. Alexander Stubb, the President of Finland, said that he is monitoring the situation. Finland is ready to face any security challenge, and we will respond as needed," he said on X. In December 2024, Finland boarded the Russian oil tanker Eagle S. Investigators claimed that the Eagle S had damaged an electrical cable and several telecoms links by dragging its anchor in the Baltic Sea. The Eagle S captain and other crew members were dismissed from a criminal case by a Finnish court on October 28th. They ruled that prosecutors had failed to prove any intent, and that the flag state of the ship or the home country of the crew should be prosecuted for any negligence. Essi, Terje, and Alexandra Hudson contributed to the reporting. Louise Heavens edited.
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After power failure, passengers of the Channel Tunnel Rail face a second day of disruption
Train companies announced that services between Britain, continental Europe and Canada would resume on Tuesday but warned about further disruptions after technical problems suspended travel on Monday and left some passengers stranded on trains for the night. Chaos in rail services between London, Paris and Brussels, as well as Amsterdam, one of Europe's most busy international rail corridors, hit at the height of New Year travel. Eurostar, the company that runs passenger rail service, announced on Wednesday morning that services were resumed after "a power problem in the Channel Tunnel yesterday" and other issues with 'rail infrastructure overnight". It said: "We intend to run all our services today. However, due to knock-on effects there may be some delays and possibly last-minute cancellations." On Tuesday, a power failure forced the suspension of travel in?the 50 km (31 mile) tunnel. The UK network was hit by a technical issue in the evening, which made the situation worse for passengers. Some were trapped overnight in trains as some trains began to run. Eurostar 9152 arrived at Lille, in northern France, from London, at 0630 GMT, eleven hours later than expected. The trip usually takes 80 minutes. Herve, a passenger on the train, told BFM TV: "We are annoyed because we're tired and don't have hot drinks. It's a very unpleasant situation. A passenger named?Ghislain planque said, "People had accepted the situation." We could not do anything. Water was given to us. "We weren't abandoned completely." Eurostar was used by nearly 20 million passengers last year. Le Shuttle, a second rail service that transports passenger vehicles and trucks under the Channel Tunnel, also worked to minimize the impact of the shutdown after it had also suspended its operations on Tuesday. Getlink, the company that operates tunnel infrastructure and Le Shuttle service, said "the tunnel has recovered its maximum capacity."
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Drivers in Poland are stuck in tailbacks up to 20 km long due to heavy snowfall
Police reported that heavy snowfall caused a 20-kilometer (12.43-mile) tailback on an autobahn between Warsaw, the capital city of Poland, and Gdansk, a Baltic port town. The police report was made on Wednesday. According to the police, hundreds of people were trapped in their vehicles in freezing temperatures. However, the traffic was moving again by early Wednesday morning. Tomasz Marcowski, a police spokesperson in Olsztyn, said that the difficult situation started 'yesterday afternoon after 4 pm, when the first truck on the S7 route began to have difficulty approaching the slopes. This?led to an?overnight traffic jam that stretched approximately 20 kilometers." Stanislaw Bulkowiec, Deputy Minister of Infrastructure, told a news conference that no one was injured as a result the traffic situation. Anna Karczewska is a spokesperson for the Ostroda police. She said that officers tried to assist drivers who were stuck. Ostroda is located on the highway, about 40 km west of Olsztyn. She said, "We did our best to help, and the Ostroda City Hall prepared hot tea and coffee for the drivers." State news? Agency PAP reported there were also some disruptions to rails and airports but that services are returning to normal.
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Eurostar announces the return of train services, but warns about delays and cancellations
Eurostar announced that it will resume all of its cross-Channel service on Wednesday, but warned that there could be delays and cancellations at the last minute after a power failure had suspended train trips throughout much of Tuesday. A fault in the overhead power supply caused a disruption on Tuesday that disrupted plans for thousands of passengers across 'London, Paris and Amsterdam during one of the busiest weeks of travel. On its website,?Eurostar announced on Wednesday that services had resumed following an electrical problem in the?Channel Tunnel yesterday as well as some additional?issues with rail equipment overnight. It said: "We intend to run all of our services today, but due to knock-on effects?there could still be some delays or last-minute cancellations." (Reporting and editing by Thomas Derpinghaus; Dominique Vidalon)
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Monorail train crash in India leaves over 100 injured
A district official reported that two monorail trains collided late on Tuesday at a hydropower plant being built in India’s?northern?state of Uttarakhand. At least 109 employees were injured. The official said that the majority of workers suffered minor injuries. Four workers suffered fractures. The trains collided in a 'tunnel' in Pipalkoti. This is the site of a upcoming 'hydropower project owned by Tehri Hydro Development Corp. (THDC) and NTPC Ltd. Gaurav Kumar, top?administrative official in the?area, said by phone that the accident happened on Tuesday night, after brakes of a monorail train failed. The trains were used to transport workers and construction materials. Kumar stated that the tracks were cleared and work on the project will resume on Wednesday. About?51 gigawatts (about 505 gigawatts) of India's installed power capacity is hydropower. Uttarakhand has more than 10 operational hydropower plants, each with a capacity of around 2.0 gigawatts. Reporting by Saurabh sharma; editing by Raju gopalakrishnan
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Three children among the four injured in Russian attack on Odesa
Regional authorities reported a drone attack by Russia on Ukraine's Odesa Region overnight. The drone caused damage to?residential structures and infrastructure, and injured four people, including three children. Odesa is a major Black Sea Port that has been repeatedly attacked by Russian drones and missiles over the past four years. Strikes have often?hitted energy, transport, and port infrastructure, as well as residential areas. Oleh Kiper said that drones had attacked the residential, logistic and energy infrastructure of?our region on the messaging app?Telegram. Serhiy lisak, head of Odesa’s military administration, told Telegram that four people, including a 7-month-old baby, two children and a man aged 42, were injured in Odesa, the?administrative?centre for the wider Odesa area. He claimed that drone debris, direct hits and window damage caused by high-rise apartment blocks. Lisak shared images of a smoke billowing from an apartment building with several windows showing flames and what appears to be the water jet of a firefighter aimed towards the facade. Could not independently verify reports. Russia did not immediately comment on the Odesa attacks. (Reporting and editing by Saad Saeed in Melbourne, Lidia Kelly from Melbourne)
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Air China buys 60 Airbus planes for $9.5 billion
Air China, China's largest carrier, announced on Tuesday that it and its subsidiary signed a "pact" with Airbus for the purchase of 60 A320NEO aircraft. The deal is worth approximately $9.5 billion in list prices. This announcement is just the latest of a series made by carriers in the second largest aviation market in the world, including Spring Airlines and Juneyao Airlines. Both plan to buy Airbus aircraft. Air China has informed the Shanghai Stock Exchange that it will deliver its planes in batches from 2028 to 2032. Airbus said that it was "very pleased" with Air China's decision to order additional aircraft of the A320 family. Li Hanming is an independent aviation analyst based in the United States. He said that this purchase was part of a framework agreement between China Aviation Supplies Holding Company and Airbus for 2022. This?deal covered about 132 A320 family aircraft and eight A350 Widebodies with a total value of around $17 billion. Li stated that "negotiations of individual contracts can take time." Airbus has gained an advantage due to the tensions between Beijing and Washington. (Reporting and editing by Clarence Fernandez; Brenda Goh and Sophie Yu contributed to this report).
Biden won't block possible strike at East Coast ports, administration official states
U.S. President Joe Biden does not mean to invoke a federal law to prevent a port strike on the East Coast and Gulf of Mexico if dockworkers fail to protect a new labor contract by an Oct. 1 due date, an administration official stated on Tuesday.
The International Longshoremen's Association, negotiating on behalf of employees at three dozen U.S. ports from Maine to Texas that manage about half of the nation's seaborne imports, warned once again on Tuesday that its members are prepared to quit working in 2 weeks.
Their existing six-year arrangement with the United States Maritime Alliance (USMX), which includes employers like Maersk's. APM Terminals and SSA Marine, ends on Sept. 30.
U.S. presidents can intervene in labor conflicts that. threaten nationwide security or safety by enforcing an 80-day. cooling-off duration under the federal Taft-Hartley Act, forcing. employees back on the task while settlements continue.
We have actually never conjured up Taft-Hartley to break a strike and are. ruling out doing so now, the Biden administration official. told Reuters.
We motivate all celebrations to remain at the bargaining table. and negotiate in excellent faith.
Talks in between the ILA and USMX have actually stalled over problems. varying from salaries and benefits to terminal automation.
Time is running out to get a new master contract arrangement. settled with USMX, ILA stated in a statement.
USMX on Friday stated it is prepared to return to the bargaining. table, warning that a strike would be costly and harmful to. both sides.
The National Retail Federation on Tuesday led a group of. 177 trade associations representing merchants like Walmart. , makers, farmers, automakers and truckers in. getting in touch with Biden to help reach a resolution.
Last summer, Biden dispatched Acting Labor Secretary. Julie Su to assist work out an important contract offer in between U.S. West Coast seaport companies and their union workers, following. labor disruptions at some hectic California port terminals.
Both sides had accepted keep talking after their July 1,. 2022, deadline because the COVID pandemic freight boom was jamming. up important supply chains and stoking inflation.
Their June 2023 offer protected a 32% pay increase for employees. and was anticipated to be a template for labor talks on the East. and Gulf coasts.
(source: Reuters)