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Can Brazil Help Fill The Supply Gap Left By The U.S. Ban On Russian Oil?

OPECs Joint Technical Committee hasnt…Chinas oil demand is now…Commodity analysts are warning that…Matthew SmithMatthew Smith is Oilprice.com's Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located…More InfoBy Matthew Smith - May 02…

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Tanker Shipping Profitability Still A Way Off For Loss-Making Tankers As Pandemic Drags On

New virus mutations and outbreaks have slowed the recovery in global oil demand as some countries lock down again and international travel remains complicated.Drivers of demand and freight ratesTo say that the summer has not been kind to the crude oil shipping industry would be an understatement. Average earnings have dropped below USD 10…

Dozens Of Oil Tankers Wait Off California's Coast As The Pandemic Dents Demand : Coronavirus Updates

The oil tanker Pegasus Voyager sits off the coast as a man sits and watches in a park in Long Beach, Calif., on April 22. Many vessels are parked between Long Beach and the San Francisco Bay Area with nowhere to go due to lack of demand and nowhere to store the oil. Mark J. Mark J. The oil tanker Pegasus Voyager sits off the coast as a man sits and watches in a park in Long Beach…

Senate Version Of WRDA Would Enshrine 75-25 Cost-Share Split

Washington, D.C.The Senate Environment and Public Works Committee voted unanimously to advance the Water Resources Development Act (WRDA) of 2022, maintaining a popular biennial schedule for passing WRDA bills.Passed by a 20-0 vote, the bipartisan bill now heads to the Senate floor.It authorizes 17 chiefs reports for new projects and 36 feasibility studies.According to a bill summary…

Oil Prices Stable at $90 a Barrel But Iran Supply

Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market.Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT. U.S. West Texas Intermediate crude fell 43 cents, or 0.4%, to $88.93 a barrel.The contracts…

Diesel Outboards, OXE, Jet-Tech introduce new waterjet at WorkBoat Show

Jet-Tech Propulsion, an Outdoor Network LLC company, through a partnership with Diesel Outboards LLC, introduced a new ultra-high-performance waterjet designed for an outboard diesel engine at the 2021 International WorkBoat Show.The partnership is in collaboration with the Swedish outboard engine manufacturer OXE Marine…

Hydraulic Hoses | Northern Tool

"shortDescription": "Apache Hydraulic Hose — 1/2in. "longDescription": "This Apache hydraulic hose is designed for use with petroleum- and water-based hydraulic fluids.

Amazon tribes turn the tables on intruders with social media

RIO DE JANEIRO It was dusk on April 14 when Francisco Kuruaya heard a boat approaching along the river near his village in Brazil's Amazon rainforest. He assumed it was the regular delivery boat bringing gasoline for generators and outboard motors to remote settlements like his. Instead, what Kuruaya found was a barge…

Tanker shipping equities: State of the market and rising asset prices

With investors experiencing a massive upside in earnings as well as stock returns in container and dry bulk shipping, expectations have risen to similar levels for tanker shipping as well. However, unlike container and dry bulk sectors the story for tanker shipping has been marred by several factors, with demand being the…

Iranian Supertanker Expected to Discharge in Venezuela -Document

By Marianna Parraga(Reuters) – An Iranian supertanker carrying about 2 million barrels of condensate this week began discharging at Venezuelan state-run oil company PDVSA’s main oil port, according to a company document and tanker tracking services.PDVSA and state-run National Iranian Oil Company (NIOC) in the second half…

'Each boat is in danger' – the rescue of migrants trying to reach the Canary Islands

By Benjamin BathkePublished on : 2021/01/15 Latest update : 2021/01/18 In a year that saw over 20,000 migrants arrive on the Canary Islands, Spain's maritime rescue service Salvamento Marítimo saved more than 650 migrant boats. InfoMigrants spoke with the agency about its strategy for responding to distress calls, coordination with Morocco and what we can expect this year.23…

American Maritime Industry Fights Back Against Jones Act ‘Misconceptions’

The American maritime industry is fighting back against some lawmakers’ calls for a repeal or waiver of the Jones Act after President Joe Biden announced a ban on Russian oil and energy imports.Since the ban was announced earlier this week, at least two members of Congress have called for the 100-year-old law to be repealed, including Rep.

AMP to Biden: No need for Jones Act waivers because of Russian oil import ban

Nick BlenkeyWith concerns that the ban on Russian energy imports could be used as a pretext for seeking Jones Act waivers, the American Maritime Partnership (AMP) today sent a letter on the issue to President Joe Biden to address misconceptions about the Jones Act.Signed by AMP president Kuuhaku Park, the letter specifically…

Made in China: How smugglers import boats to continue with irregular Channel crossings

By Julia DumontPublished on : 2022/02/25 The UK Home Office has revealed that many of the boats being used by migrants to cross the English Channel are now being purchased in China to then be imported to Eastern Europe and later be used by smugglers. According to the UK Home Office, migrant boats are increasingly imported…