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Brent - 1 Jason Neely - 1 detours - 1 hasn't - 1 Margaret Stewart - 1 Susan Zou - 1 Corinne Blanchard - 1 Deutsche - 1
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5 mentions found


☆ Russia's Urals oil from Baltic ports falls below $60 cap amid sanctions
  + stars: | 2023-11-17 | by ( ) www.reuters.com   time to read: +1 min
MOSCOW, Nov 17 (Reuters) - Russia's Urals oil prices on Friday fell below the Western price cap level of $60 per barrel amid a rise in freight rates fuelled by fresh U.S. sanctions on shipowners and weaker global oil prices, two traders said and Reuters calculations showed. Russia's main export grade had been trading above $60 since mid-July amid output cuts by OPEC+ producers including Saudi Arabia and Russia. On Friday freight rates for Urals oil shipments from Russia's Baltic ports of Primorsk and Ust-Luga to India rose to $9.2-9.5 million per tanker per voyage from $8 million last week. Urals oil prices on a delivered ex-ship basis in Indian ports were stable at a discount of around $5 per barrel to dated Brent, traders said. High transportations costs weighed on FOB prices for Russian Urals oil, traders said, adding that amid weakness in Brent the grade's price was below $60 as of Friday.
Persons: Brent, Jason Neely Organizations: U.S . Treasury Department, United, Thomson Locations: MOSCOW, U.S, United Arab Emirates, Australia, Ukraine, Saudi Arabia, Russia, Primorsk, Ust, Luga, India, Brent
☆ Fire Closes Major Highway in Los Angeles
  + stars: | 2023-11-11 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +1 min
LOS ANGELES (AP) — A major highway near downtown Los Angeles was closed in both directions Saturday after a fire rampaged through storage lots underneath it. The California Department of Transportations sent personnel to inspect the highway, with detours established to ease snarled highway traffic. Interstate 10, which runs east-west, was closed near downtown Los Angeles for at least 24 hours into Sunday, authorities said. The fire department said the blaze burned through trailers, wood pallets and other things in storage lots on both sides of the highway, though firefighters successfully safeguarded three nearby commercial buildings. Political Cartoons View All 1240 ImagesFire department spokeswoman Margaret Stewart said there were no injuries reported from the fire, which was mostly extinguished by late morning.
Persons: detours, hasn't, Margaret Stewart Organizations: ANGELES, California Department, Transportations Locations: Los Angeles
☆ A worldwide lithium shortage could come as soon as 2025
  + stars: | 2023-08-29 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +4 min
Bloomberg | Bloomberg | Getty ImagesThe world could face a shortage for lithium as demand for the metal ramps up, with some analysts forecasting that it could come as soon as 2025. BMI, a Fitch Solutions research unit, was among those that predict a lithium supply deficit by 2025. In a recently published report, BMI largely attributed the deficit to China's lithium demand exceeding that of its supply. "We expect an average of 20.4% year-on-year annual growth for China's lithium demand for EVs alone over 2023-2032," the report stated. While that could point to a global lithium surplus next year, shortages could start to plague supply chains in 2028.
Persons: Susan Zou, Corinne Blanchard, Deutsche, Blanchard, Zou Organizations: Sigma, Bloomberg, Getty, BMI, Fitch Solutions, Economic, Rystad Energy, P, Commodity, EV Locations: Itinga, Minas Gerais, Brazil, China, skyrocket, transportations, U.S, Europe
☆ UPS cuts revenue forecast on lower e-commerce demand, labor contract
  + stars: | 2023-08-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUPS cuts revenue forecast on lower e-commerce demand, labor contractJonathan Chappell, Evercore ISI transportations analyst, joins 'Squawk Box' to discuss UPS quarterly earnings results, and more.
Persons: Jonathan Chappell Organizations: ISI
☆ Honduras extends, expands state of emergency for second time
  + stars: | 2023-02-21 | by ( ) www.reuters.com   time to read: +2 min
TEGUCIGALPA, Feb 21 (Reuters) - The Honduran government extended its state of emergency for a second time on Tuesday, while also expanding it to cover a growing portion of the Central American country, as part of leftist President Xiomara Castro's crackdown on gangs. The state of emergency, initially covering the country's two largest cities, now covers 123 municipalities. "The success of the operation is measured by the number of lives saved, not by the number of arrests, weapons seized or drugs seized," Sanchez added. The state of emergency allows authorities to restrict freedom of movement and assembly, as well as to search homes and make arrests without a warrant. Honduras' crackdown follows a nearly year-old state of emergency in neighboring El Salvador, which has widespread public support but has swelled the prison population and drawn allegations of human rights abuses.
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