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☆ US Hits Chinese, Russian Firms Over Moscow Military Aid
▼ + stars: | 2023-09-25 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

By David Shepardson and Alexandra AlperWASHINGTON (Reuters) - U.S. President Joe Biden's administration on Monday imposed new trade restrictions on 11 Chinese and five Russian companies, accusing some of supplying components to make drones for Russia's war effort in Ukraine. The Commerce Department, which oversees export policy, added a total of 28 firms, including some Finnish and German companies, to a trade blacklist, making it harder for U.S. suppliers to ship them technology. The investigation found that Hong Kong-based exporter Asia Pacific Links Ltd. has been among the most important suppliers to Russia's drone program. The firm, along with import company SMT iLogic, were the target of an earlier round of U.S. sanctions in May. The United States has aggressively used a trade blacklist known as the entity list to target China's tech sector and attempt to stymie Russia's war in Ukraine.

Persons: David Shepardson, Alexandra Alper WASHINGTON, Joe Biden's, Alan Estevez, Barack Obama, Alexandra Alper, Rami Ayyub Organizations: The Commerce Department, China's, Links Ltd, Technology Center, Russia's Main Intelligence, General Staff, Reuters, Royal United Services Institute, Special Technology, Asia Pacific Links, SMT, Commerce, Iran Aircraft Manufacturing Company, Commerce Department, U.S, United Locations: Ukraine, Russian, London, St . Petersburg, Russia, Hong Kong, Iran, United States

Ukrainian President Volodymyr Zelenskiy is embraced by U.S. President Joe Biden in the Oval Office of the White House in Washington, September 21, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Sept 25 (Reuters) - U.S. President Joe Biden's administration on Monday imposed new trade restrictions on 11 Chinese and five Russian companies, accusing some of supplying components to make drones for Russia's war effort in Ukraine. The firm, along with import company SMT iLogic, were the target of an earlier round of U.S. sanctions in May. Another six Chinese entities were added for allegedly procuring aerospace parts for the Iran Aircraft Manufacturing Company that are used to make drones used by Iran to attack oil tankers in the Middle East and by Russia in Ukraine, according to the Commerce Department. The United States has aggressively used a trade blacklist known as the entity list to target China's tech sector and attempt to stymie Russia's war in Ukraine.

Persons: Volodymyr Zelenskiy, Joe Biden, Kevin Lamarque, Joe Biden's, Alan Estevez, Barack Obama, David Shepardson, Alexandra Alper, Rami Ayyub Organizations: U.S, White, REUTERS, Rights, The Commerce Department, China's, Links Ltd, Technology Center, Russia's Main Intelligence, General Staff, Reuters, Royal United Services Institute, Special Technology, Asia Pacific Links, SMT, Commerce, Iran Aircraft Manufacturing Company, Commerce Department, United, Thomson Locations: Washington, Ukraine, Russian, London, St . Petersburg, Russia, Hong Kong, Iran, United States

FRANKFURT, Germany (AP) — Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. Here are things to know about the recent increase — and where prices might be going:WHY HAVE OIL PRICES RISEN? “The last thing you want to do is fuel inflation again with much higher oil prices. Diesel prices have risen as well, along with higher oil costs and refineries facing shortages of the specific kinds of crude best for making diesel. HOW DO HIGHER OIL PRICES HELP RUSSIA?

Persons: Jorge Leon, That's, Leon, ” Leon, “, ”, Thu, Nguyen, Commerzbank, Gary Peach, Benjamin Hilgenstock, Joe Biden, Biden, Josh Boak Organizations: —, Saudi, Brent, Rystad Energy, Energy Intelligence, U.S, AAA, Diesel, Kremlin, Kyiv School of Economics, Policy Center, Union, Group, U.S . Energy Information Administration, Associated Locations: FRANKFURT, Germany, Russia, Saudi, OPEC, China, Europe, U.S, Ukraine, Moscow, Brussels, Washington

Chevron Chief Executive Mike Wirth also said he thinks oil will cross $100 per barrel in a Bloomberg News interview. Saudi Arabia and Russia this month extended a combined 1.3 million barrels per day (bpd) of supply cuts to the end of the year. Saudi Arabia's energy minister, Prince Abdulaziz bin Salman on Monday defended OPEC+ cuts to oil market supply, saying international energy markets need light-handed regulation to limit volatility. China, considered the engine of oil demand growth, is a key risk because of its sluggish post-pandemic economic recovery, though its oil imports have remained robust. "The high-for-longer mantra would ultimately have a negative impact on economic growth and would affect oil demand."

Persons: Tatiana Meel, Brent, WTI, Fiona Cincotta, Mike Wirth, Prince Abdulaziz bin Salman, Callum Macpherson, Tamas Varga, PVM's Varga, Arathy Somasekhar, Natalie Grover, Florence Tan, Sudarshan, David Goodman, Timothy Gardner Organizations: REUTERS, Rights, Brent, U.S, West Texas, Citi, Monday, Chevron, Bloomberg, ANZ, XM, U.S . Federal, Thomson Locations: Nakhodka, Russia, Saudi Arabia, Ukraine, China, Saudi, Investec, Europe, Houston, London, Singapore

☆ Oil prices continue to rally on tight supply
▼ + stars: | 2023-09-18 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

Oil tankers sail along Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. China, considered the engine of oil demand growth, remains possibly the biggest risk because of its sluggish post-pandemic economic recovery. "Lack of protracted progress, nonetheless, will be viewed as a major setback on the demand side," said Tamas Varga of oil broker PVM. "The high-for-longer mantra would ultimately have a negative impact on economic growth and would affect oil demand." "The question is, will the Saudis continue to maintain the deficit given the risk that higher prices must surely, at some point, stimulate US shale (oil output)," Investec analyst Callum Macpherson said.

Persons: Tatiana Meel, Brent, WTI, Tamas Varga, PVM's Varga, Callum Macpherson, Natalie Grover, Florence Tan, Sudarshan, David Goodman Organizations: REUTERS, Brent, West Texas, XM, U.S . Federal Reserve, Thomson Locations: Nakhodka, Russia, Saudi Arabia, Ukraine, Europe, China, London, Singapore

☆ Oil inches higher on supply concerns, China demand recovery
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: +2 min

Two large oil tankers unload at the 300,000-ton crude oil terminal in Yantai Port, Shandong Province, China, July 9, 2023. Oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, the world's top crude importer. Traders will be watching decisions by central banks, including the Federal Reserve, this week on interest rate policies. "The Fed is expected to pause rate hikes this time but is likely to stay hawkish," CMC's Teng said. A pause in U.S. rate hikes could weaken the greenback which makes dollar-denominated commodities such as oil more affordable for holders of other currencies.

Persons: Tina Teng, WTI, CMC's Teng Organizations: Brent, West Texas, CMC, ANZ, International Energy Agency, Organization of, Petroleum, Traders, Federal Reserve Locations: Yantai Port, Shandong Province, China, Saudi Arabia, Russia, OPEC, Ukraine

☆ Chevron Australia LNG workers begin 24-hour strike, flag action until mid-Oct
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

The full strike comes after workers on Thursday escalated what had been six days of limited action. The company's Gorgon and Wheatstone Australian LNG facilities account for over 5% of global supply. "Chevron’s 3 West Coast facilities are descending into chaos as Offshore Alliance members lock all 3 Chevron facilities down for the next 24-hours," the union said in a Facebook post. An union representative, who declined to be identified, said the strike would run until 8am WST on Sunday (0000 GMT). Unions have said they will vary strikes according to "industrial strategy", targeting LNG exports in particular.

Persons: Sam McKeith, Lewis Jackson, Sandra Maler, Kim Coghill Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, Australia's Offshore Alliance, Offshore Alliance, Wheatstone, Facebook, Analysts, Thomson Locations: Chevron, Barrow Island, Australia, Coast, Sydney

Still, oil demand at the world's biggest oil importer has so "far remained remarkably unaffected by its economic downturn", the IEA said. Estimates of global demand and supply this year and next differ markedly depending on the forecaster. The IEA estimates 2023 global demand to grow by 2.2 million bpd, while OPEC expects growth of 2.44 million bpd. The IEA expects growth to slow sharply to 1 million bpd, while OPEC has a far rosier estimate of 2.25 million bpd. Meanwhile, the U.S government's Energy Information Administration has forecast demand growth at 1.81 million bpd for 2023 and 1.36 million bpd next year.

Persons: Jean, Paul Pelissier, Tamas Varga, PVM, Natalie Grover, Alex Lawler, Louise Heavens, Jason Neely Organizations: REUTERS, Rights Companies, Rights Companies Danang Petroleum Machinery Technology JSC, International Energy Agency, OPEC, Brent, IEA, U.S government's Energy, Administration, Thomson Locations: Marseille, France, Rights Companies Danang, Saudi Arabia, Russia, OPEC, United States, Brazil, Iran, China, Asia, Africa, Latin America, London

A favorable vote would ask the Mississippi River Cities and Towns Initiative to pursue a new river compact, according to a draft copy of the motion. “People are aware of how those low levels on the Mississippi River affect commerce and the communities,” she said. The Upper Mississippi River Basin Association has existed for decades to foster cooperative management of the river. Jennifer Gimbel, senior water policy scholar at Colorado State University, said the obstacles to a pipeline are high. Dorothy said a compact would be a good way to say “this is our water.”“If you want the Mississippi River water, you can move here," she said.

Persons: Colin Wellenkamp, ”, “, hasn’t, Asia “, David Strifling, Strifling, ” Wellenkamp, Melissa Scanlan, John Fleck, Jennifer Gimbel, Gimbel, Olivia Dorothy, Dorothy Organizations: LOUIS, —, Towns Initiative, Great, Marquette Law, Water, Initiative, Center for Water, University of Wisconsin -, “, Basin, University of New Mexico School of Law, Colorado State University, Associated Press, Walton Family Foundation, AP Locations: Mississippi, Cities, United States, Minnesota, Louisiana, Gulf of Mexico, Wisconsin, Iowa , Illinois , Missouri , Kentucky , Tennessee , Arkansas, Canadian, Great, Asia, Great Lakes, University of Wisconsin - Milwaukee, Upper Mississippi, “

☆ Ukrainian soldier says new Leopard tanks are better than old Soviet ones because the ammo doesn't explode, kill the crew, and blow the turret off if it takes a hit
▼ + stars: | 2023-09-12 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

Ukraine's armor arsenal was bolstered by Western tanks like the German-made Leopard ahead of the counteroffensive. A gunner with the 47th Mechanized Brigade says these vehicles are vastly superior to Soviet tanks. SERGEI SUPINSKY/AFP via Getty ImagesWith Soviet-era tanks like the T-64 or later T-72 and T-80, crew survivability wasn't the highest priority. Dogukan Keskinkilic/Anadolu Agency via Getty ImagesBeyond tanks, Ukrainian service members also speak very highly of Western-made protected mobility platforms, such as armored personnel carriers and infantry fighting vehicles. Other Western vehicles, like the American-made Humvee, have also received praise from Ukrainian forces.

Persons: Vladyslav, it's, SERGEI SUPINSKY, Dogukan, Ukraine Ed Ram, Jack Watling, Nick Reynolds Organizations: 47th Mechanized Brigade, Service, 47th Mechanized, Strategic Communications, 2A6, —, Getty, Anadolu Agency, ABC News, Bradley, Washington, Britain's Royal United Services Institute Locations: Soviet, Wall, Silicon, Ukrainian, Robotyne, Zaporizhzhia, Ukraine, Russian, Skybyn, Kyiv, AFP, Peremoha, Brovary, Zaporizhzhia Region

☆ Add the climate crisis to the long list of things messing up supply chains this summer
▼ + stars: | 2023-09-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The climate crisis is throwing a wrench into already messy supply chains. Climate change and the El Niño weather phenomenon are affecting water levels in the Panama Canal. The situation is serious this summer because of a historic drought affecting rainfall that feeds into the Panama Canal. Advertisement Advertisement Watch:Droughts aren't a new phenomenon at the Panama Canal — climate change has been associated with unpredictable weather for years. Supply chains were already in chaos from COVID-19, geopolitics, and rising costs in ChinaTo be sure, the vessel congestion at the Panama Canal is troubling because it adds to the existing stress on the world's supply chains.

Persons: Nari Viswanathan, Viswanathan, Project44, Stephen Lamar, Jon Davis, Donald Trump, Biden Organizations: Service, American Apparel & Footwear Association, CNBC Locations: Panama, Washington, El, COVID, China, China . Washington, Beijing, India, Vietnam

DUBAI, United Arab Emirates (AP) — A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine, U.S. federal court papers seen Thursday by The Associated Press show. In July, the top commander of the Revolutionary Guard’s naval arm threatened further action against anyone offloading the Suez Rajan, with state media linking the recent seizures to the cargo’s fate. In its 2015 nuclear deal with world powers, Iran regained the ability to sell oil openly on the international market. It also began a cat-and-mouse hunt for Iranian oil cargo — as well as series of escalating attacks attributed to Iran since 2019. China is believed to be a major buyer of Iranian oil, likely at a significant discount.

Persons: shipper, Tourkantonis, Mark Wallace, George W, Bush, “, ” Wallace, Biden, Suez Rajan, Donald Trump Organizations: United Arab Emirates, Associated Press, Navigation, U.S, Nuclear, Empire, United Nations, Nuclear Iran, AP, Suez, Chevron Corp, Revolutionary, Embassy, U.S . Navy, Iranian, “ Locations: DUBAI, United Arab, Suez, Islamic Republic, Tehran, Washington, South Korea, Iran, U.S, Nuclear Iran, Persian, South, Singapore, Mexico, Houston , Texas, Athens, Greece, Gulf of Mexico, America, Hormuz, Swiss, Switzerland, Bataan, Strait, Gulf of Oman, China

☆ Thieves reportedly stole $500,000 of olive oil after drought boosted prices, turning it into 'liquid gold'
▼ + stars: | 2023-09-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Half a million dollars' worth of extra virgin olive oil was stolen in Spain last week, El Mundo reported. That's because Spain's olive oil production dropped by 50% this year compared to the previous harvest. The olive oil was stored in a warehouse waiting to be bottled when it was stolen, according to local newspaper Diario Córdoba. The cost of a bottle of extra virgin olive oil has jumped about 15% since mid-July in Spanish supermarkets, Bloomberg reported. "Everyone is worried because the price is going to keep climbing, and olive oil is truly becoming liquid gold," Parra said, per Bloomberg.

Persons: it's, Martin Parra, Parra Organizations: El Mundo, Service, country's Civil Guard, Diario Córdoba, Bloomberg, Olive Oil Times Locations: Spain, El, Wall, Silicon, Spanish, Córdoba, El Mundo

☆ G7 shelves regular Russian oil cap reviews as prices soar - sources
▼ + stars: | 2023-09-06 | by ( Julia Payne | ) www.reuters.com time to read: +4 min

BRUSSELS, Sept 6 (Reuters) - The G7 and allies have shelved regular reviews of the Russian oil price cap scheme, people familiar with the matter told Reuters, even though most Russian crude is trading above the limit because of a rally in global crude prices. The Group of Seven (G7) countries along with the European Union and Australia imposed the price cap mechanism on Russian oil last December, followed by a cap on fuel from February. The idea was spearheaded by Washington to cut Moscow's revenues amid its war on Ukraine while avoiding market disruptions as a result of an EU ban on Russian oil. According to LSEG data, Russian crude has been trading above the cap since mid-July and is currently being traded at around $67 a barrel at Russian crude terminals. Russian refined products such as fuel oil and diesel have also surpassed their caps.

Persons: Julia Payne, Tomasz Janowski Organizations: Reuters, European Union, General Assembly, Brent, U.S . Treasury, Thomson Locations: BRUSSELS, Australia, United States, Washington, Ukraine, Russian Urals, Russia, Western, Russian, U.S

The United States government has seized nearly one million barrels of Iranian crude oil that it says was being smuggled to China in violation of U.S. sanctions against Iran, after it raised the threat of prosecution to get the tanker brought to American waters, newly unsealed court papers show. The seizure of the oil from the vessel, the M/T Suez Rajan, is part of a larger and shadowy conflict with Iran. After the tanker began to steam toward the United States last spring, Iran’s Revolutionary Guards Corps seized two oil tankers in the Strait of Hormuz, prompting the U.S. military to increase patrols and deploy additional assets to protect shipping lanes. In July, Iranian state news media said the Guards’ navy commander had warned that Tehran would hold Washington responsible if the tanker’s oil was unloaded, without giving further details. On Wednesday, a high-ranking Israeli defense official, speaking on condition of anonymity, said that the seizure raised new fears that Iran could hijack more tankers in an effort to deter the United States from repeating the move.

Persons: Suez Rajan Organizations: United, Iran, Revolutionary Guards Corps, U.S, Guards Locations: United States, China, Iran, Strait, Hormuz, Tehran, Washington

☆ Ukraine's military shared video of the moment it says one of its aerial drones sank a Russian naval vessel
▼ + stars: | 2023-09-03 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

Video posted by the Ukrainian military purports to show the moment it destroyed a Russian boat. The missile strike on a KS-701 patrol boat killed six Russian forces, according to the Ukrainian navy. But since the 2022 invasion, Kyiv has invested heavily in both aerial and naval drone technology, threatening not just Russian forces — and oil tankers — but the Kerch Bridge. The release of the video Sunday is likely intended to boost morale as Ukrainian forces are bogged down in a counteroffensive that has cost thousands of lives. Last month, US officials told The New York Times that about 70,000 Ukrainian soldiers have been killed since Russia launched its full-scale invasion last year (compared to about 120,000 Russian soldiers killed in action).

Organizations: Service, Ukraine's, New York Times, United Nations Locations: Ukrainian, Wall, Silicon, Kherson, Turkish, Russia, Ukraine, Crimea, Kerch

☆ Exclusive: Poland charters tankers used for Russian oil to import Arab crude
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +4 min

Many oil majors have avoided contracting tankers that have carried Russian crude because of the risk of sanctions and self-imposed restrictions. Under the price cap, western companies can ship and provide insurance for Russian oil and products provided they are sold at less than $60 per barrel. "Dead freight is one of the issues when working with Russian oil as not all companies agree to use ships involved in Urals deliveries," the trader said. Orlen said it was not involved in any Russian oil shipping and it screened all vessels it uses to ensure no Russian sanctions are violated. Russian oil has been mostly shipped to Asia following the EU embargo.

Persons: Orlen, Russia's Zarubezhneft, Sidi Kerir, Nissos Delos, Marek Strzelecki, Maha El, Barbara Lewis Organizations: MOSCOW, Group, European Union, Botafogo, TMS, Kyklades, Saudi Aramco, Reuters, Thomson Locations: Asia, Lithuania, Poland, Russian, Russia, Ukraine, Moscow, ASIA, Poland's Gdansk, Lithuania's, Russian Baltic, Baltic, Primorsk, Mundra, West India, Saudi, Sidi, Gdansk, Waikiki, Bonita, Nissos, Calida, Butinge, Russia's, Ust, India, Warsaw, Maha, Maha El Dahan, Dubai

☆ Russia faces domestic fuel crunch, braces for more shortages
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +4 min

Traders said that the fuel market has been hit by a combination of different factors including maintenance at oil refineries, infrastructure bottlenecks on railways and the weaker rouble which incentivises fuel exports. Russian Deputy Prime Minister Alexander Novak said on Wednesday that there were no fuel shortages. FUEL CRUNCHTraders said the shortages on the retail market followed by a sharp rise of wholesales prices. The state caps the retail prices, ordering the sellers to raise prices of gasoline and diesel only in line with official inflation. For the past two months commodity exchange diesel prices jumped on average by more than a quarter to 67,000 roubles ($700) per ton.

Persons: Alexander Natruskin, Alexander Novak, Andrei Neduzhko, Vladimir Soldatkin, Guy Faulconbridge, David Evans Organizations: REUTERS, Reuters, Traders, Kremlin, CRUNCH Traders, Industry, Wholesale, Russian Railways, Thomson Locations: Moscow, MOSCOW, Russia, Russia's, Krasnodar region, Adygea, Astrakhan, Samara, Russian, Rostov, Krasnodar, Stavropol

☆ Shady export leaks suggest Russian sanctions work
▼ + stars: | 2023-08-29 | by ( Pierre Briancon | ) www.reuters.com time to read: +3 min

That may be true, but the cracks mostly demonstrate the sanctions’ impact, and why they can be tightened. EU exporters did ship nearly 17 billion euros’ worth of goods to Kazakhstan in the 18 months starting in January 2022. And if exports had grown at the 17% pace of previous years, some 6 billion euros would remain unexplained. Meanwhile, Russia’s efforts to circumvent a G7 price cap on its oil shipments are another sign of Western sanctions’ overall effectiveness. EU exports to Russia declined by 30% to 75.7 billion euros over the same period.

Persons: Vladimir Putin, Francesco Guerrera, Streisand Neto, Oliver Taslic Organizations: Reuters, European Union, Reuters Graphics Reuters, Western, Union, Eurostat, Thomson Locations: Kazakhstan, Soviet, Moscow, Uzbekistan, Georgia, Azerbaijan, Armenia, Kyrgyzstan, Russia, China, India, Europe, United States, Central Asia, EU

☆ Two killed in Russian missile strike on Ukraine's Poltava region
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

KYIV, Aug 28 (Reuters) - Two people were killed in an overnight Russian missile attack that hit a vegetable oil plant in central Ukraine's Poltava region, Governor Dmytro Lunin and a presidential official said on Monday. Ukraine's presidential chief of staff Andriy Yermak said on Telegram the missiles struck a vegetable oil factory in Myrhorod district, killing two people and injuring five others. The Ukrainian military said Russia launched four missiles from the Black Sea overnight, two of which were shot down. The military reported that the Kryvyi Rih region, also in central Ukraine, was hit by missiles as well. Reporting by Pavel Polityuk; editing by Neil Fullick, Michael Perry and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Dmytro Lunin, Lunin, Andriy Yermak, Yermak, Pavel Polityuk, Neil Fullick, Michael Perry, Mark Heinrich Our Organizations: Telegram, Thomson Locations: Ukraine's Poltava, Myrhorod district, Russia, Ukraine

☆ A severe drought is affecting the Panama Canal. That’s not a good sign for supply chains — or your holiday shopping
▼ + stars: | 2023-08-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

Just this week, the Panama Canal Authority extended those restrictions for at least another 10 months. Next shoe to dropBut from a transportation standpoint beyond Panama, the next shoe to drop could be the Mississippi River, Davis said. During the past 30 days, rainfall along the southern Mississippi River has been well below normal. And when you have two disruptions versus just one, that is magnified overall.”Holiday shopping hang-upsFor now, general waiting times have spiked at the Panama Canal. Supply chain shiftsHad this occurred before the pandemic lockdowns and the drastic swings in consumer spending patterns that mangled supply chains, it might have been a different story.

Persons: sandstorm, ”, Janelle Griffith, Marsh, Jon Davis, El, “, Davis, Evelyn Hockstein, Everstream, Ahmad Hassan, hasn’t, “ We’ve, ” Phillip Sanfield, Amanda Kwan, hadn’t, ” Kwan, plumb, Taylor Swift, Kamala Raman, you’ve, Peter Sand, Sand Organizations: Minneapolis CNN —, Panama Canal Authority, Getty, CNN, Port, Port Authority of New, National Retail Federation Locations: Minneapolis, Minneapolis CNN — Panama, Panama, Mississippi, Suez, North American, El, Central America, Grand Tower , Illinois, New Orleans, United States, Europe, Egyptian, Ismailiya, AFP, Panama Canal, Los Angeles, Port of Los Angeles, New York, Port Authority of New York, New Jersey, “

A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken February 8, 2022. Workers on Thursday voted to authorize the Offshore Alliance of unions to call a strike at Chevron's Gorgon and Wheatstone projects. In a Facebook post on Friday, the union alliance said of Chevron's senior management team: "Their stupidity is about to cost them $billions in lost production and profit." The Offshore Alliance, which combines the Maritime Union of Australia and Australian Workers' Union, must give Chevron seven working days' notice before a strike. The Offshore Alliance announced on Friday that workers had "overwhelmingly endorsed" the draft agreement in a meeting the previous evening.

Persons: Dado Ruvic, Wheatstone, Saul Kavonic, Renju Jose, Lewis Jackson, Cynthia Osterman, Kim Coghill Organizations: Chevron, REUTERS, Rights, Workers, Offshore Alliance, North West Shelf, Maritime Union of Australia, Australian Workers ' Union, South, Taiwan . Energy, West Shelf, Woodside, Thomson Locations: Chevron's, Australia, Woodside, Europe, China, Japan, South Korea, Taiwan, Woodside's, Dutch, Sydney

☆ Wildfire forces evacuations near Salem, Oregon
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

The Liberty Fire, which prompted immediate evacuations, burns near Jory Hill Road and Liberty Road South in Salem, Oregon, U.S. August 23, 2023. The Oregon State Fire Marshall was helping fight the fire by mobilizing fixed-wing tankers, an air attack platform and a helicopter, it said on X. The fire had burned at least 10 acres (4 hectares), the Statesman Journal reported, citing the state fire marhsal. Salem is a city 180,000 people about 50 miles (80 km) south of Portland in the northwestern U.S. state of Oregon. The fire was south of the city limits, near the interface between densely populated areas and green space.

Persons: Abigail Dollins, Oregon State Fire Marshall, Daniel Trotta, Simon Cameron, Moore Organizations: Liberty, USA, Network, REUTERS Acquire, Marion County Sheriff, Oregon State Fire, Statesman Journal, Thomson Locations: Jory, Salem , Oregon, U.S, Oregon, Salem, Marion County, Portland

☆ Evacuation order lifted for wildfire near Salem, Oregon
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

[1/3] The Liberty Fire, which prompted immediate evacuations, burns near Jory Hill Road and Liberty Road South in Salem, Oregon, U.S. August 23, 2023. Abigail Dollins/USA Today Network via REUTERS Acquire Licensing RightsAug 24 (Reuters) - The evacuation order for people living on the outskirts of the U.S. city of Salem due to the threat from a wildfire was lifted on Thursday. Deputies were going door to door to warn people of the fire and the Oregon State Fire Marshall was helping fight the fire by mobilizing fixed-wing tankers, an air attack platform and a helicopter. Salem is a city 180,000 people about 50 miles (80 km) south of Portland in the northwestern U.S. state of Oregon. The fire was south of the city limits, near the interface between densely populated areas and green space.

Persons: Abigail Dollins, Oregon State Fire Marshall, Salem, Daniel Trotta, Simon Cameron, Moore, Mark Potter Organizations: Liberty, USA, Network, REUTERS Acquire, Salem Fire Department, Marion County Sheriff, Oregon State Fire, Statesman, Thomson Locations: Jory, Salem , Oregon, U.S, Salem, Marion County, Oregon, Portland

☆ Exclusive: Insurers raise premiums for Black Sea tankers as tensions mount - traders
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

A general view shows the Novorossiysk Fuel Oil Terminal (NMT) in the Black Sea port of Novorossiisk, Russia May 30, 2018. Military actions in the Black Sea area of Russian and Ukrainian Black Sea ports have escalated since the grain export deal fell apart in mid-July. Most recently Russia reported several attacks at its Black Sea ports. So far, oil loadings from Russia's Black Sea ports have not been affected by the attacks, but risks are mounting, traders said. Oil product exports from Russia's Black Sea ports is about 4 million tonnes per year.

Persons: Natalya Chumakova, David Evans Organizations: Oil, REUTERS, Rights, Insurance, Traders, Reuters, Thomson Locations: Black, Novorossiisk, Russia, Ukraine, Moscow, Russian, Ukrainian, India

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