Gasoline News

Shrinking Oil Tanker Fleet May Deepen The Energy Crisis

{"Tags":["coal","energy crisis","russia sanctions"],"Categories":["News"],"Excerpt":"(Bloomberg) Russian seaborne coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world.

ExxonMobils Oldreive: Innovation fosters refinerys continuing growth

ExxonMobils Baton Rouge Refinery has a deep and legendary history with its original operations beginning in 1909 as part of John D. Rockefellers oil giant, Standard Oil Company of Louisiana.During the turn of the twentieth century, Standard selected this site on the banks of the Mississippi River in Baton Rouge to build its 1…

Oil tumbles on inflation woes, Iraq exports

Oil prices fell Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes.Brent crude futures for October settlement fell $2.45, or 2.33%, to $102.64 a barrel by 1022 GMT, after climbing 4.1% on Monday, the biggest increase…

Fuel price continues to rise, reaching a record high of over K2,600 per liter of gasoline in Yangon

The fuel prices are continued to rise, reaching a record high of Ks 2,600 per liter of gasoline in Yangon, according to fuel stations.The price of gasoline sold on August 31 was Ks 2,605 per liter for 92 Ron, Ks 2,670 per liter for 95 Ron, Ks 3,330 per liter for premium diesel and Ks 3,245 per liter for diesel.The price of gasoline sold on August 30 was Ks 2…

Hackers are making Americans lives worse, at an awkward time for Biden

Consumers coping with a straining economy face a new threat: Cyber criminals are targeting everything from their gasoline prices to their beef supply and even their vacations.An ever more aggressive breed of extortionist hackers is adding to the headaches of tens of millions of ordinary Americans by targeting industries critical to daily life…

Help arrives for massive fuel-laden barge stranded near Bella Bella, B.C.

Marine rescue officials say a commercial tug has arrived to try and save a stranded U.S. barge with millions of litres of fuel onboard off the coast of Bella Bella, B.C.A tug crew is now determining the safest way to pull the barge  which stretches longer than a football field  to safety.The Joint Rescue Co-ordination Centre in Victoria (JRCC) says the Zidell Marine 277 broke free from its tug…

Boris Johnson Plans To Fly To Saudi Arabia For Oil Talks

The Inflation Reduction Act has…Indias increased crude purchases from…Irina SlavIrina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.More InfoBy Irina Slav - Mar 14, 2022, 10:30 AM CDTBoris Johnson, the UK’s prime minister, is reportedly planning a trip to Riyadh to discuss a potential replacement of banned Russian oil.According to Sky News…

Will global inflation subside? – Canadian Dimension

Photo by Christopher Hollis/Wikimedia CommonsIs the global inflationary spiral peaking? And if it is and inflation is set to fall over the next year, then has the inflation scare been just a momentary blip and now things will start to turn back to the previously low pace of inflation in the prices of goods and services?That seems to the view of investors in financial assets in the US…

The disrupted economy - Rochester BeaconRochester Beacon

Two and a half years after COVID-19 was declared a global health emergency, the pandemic continues to disrupt worldwide supply chains. The result has been shortages of needed parts and materials and higher costs for manufacturers, construction companies, farmers and other businesses in the Rochester region.Across the board…

Iranian supertanker carrying condensate docks in Venezuela

CARACAS, Venezuela -- An Iran-flagged supertanker carrying more than 2 million barrels of condensate has docked at a Venezuelan port, with both countries facing U.S. sanctions, according to analysts and satellite images analyzed by The Associated Press.The arrival of the oil tanker Starla comes as negotiations continue in Vienna over the Islamic Republic's tattered nuclear deal with world powers…
Rhine River drought

Rhine Water Levels Reaching Critical Point Impacting Shipping

Water levels on the Rhine River especially in the lower and middle regions traveling through Germany are reaching critically low levels impacting the movement of vital commercial barges, inter-city transport, sightseeing, and cruise ships. Fears have been growing about the situation for most of the summer coming just four years after what experts had called a one in a hundred years record drought.

Southeast Asias lofty gas plans pose threats to waters rich with marine life

MANILA, Philippines — For 57-year-old Tom Buitizon, the Verde Island Passage is the lifeblood of small fisherfolk like him and of millions living in southern Luzon.The rich waters support their livelihoods and provide food for their families. A fisherman for over 25 years, Buitizon experienced the joy of catching as many…

Key events in developed markets next week

Inflation well above target, consumer sentiment at all-time lowThe market is favouring a 75bp rate hike from the Federal Reserve on 27 July and we agree given the tight jobs market and inflation running at more than four times the 2% targeted rate. In fact, inflation is likely to move even further above target this coming week as gasoline, food, shelter and airline fares continue to rise apace.

Libyan Oil Production Declines By 50% – OpEd – Eurasia Review

The Waha Company’s production declined by 50% to 145,000 barrels per day, after protesters at the Sidra port prevented oil tankers from entering for the second day in a row; This caused a reduction in the capacity of the port’s oil tanks. Oil production in Libya fell to 700,000 barrels per day in the second half of June…