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VALENCIA, Venezuela/MARACAY, Venezuela (Reuters) - Venezuelan state oil company Petroleos de Venezuela has begun rationing diesel to truckers, four transport sector sources told Reuters, as low domestic refining output and scarce imports amid U.S. sanctions squeeze fuel supplies.
Frustrated truckers blocked a highway in the central state of Maracay in protest over the shortages on Friday, social media images showed. Industry groups said the unprecedented rationing would create delays delivering goods to markets in the OPEC nation, reeling from a prolonged economic crisis.
The diesel squeeze came after the country suffered widespread gasoline shortages throughout 2020, prompting President Nicolas Maduro to cut longstanding heavy subsidies and import gasoline from Iran. Diesel is still distributed to truckers free of charge.
Covid 19 coronavirus: Aucklanders enjoy level 2 freedom, businesses sigh with relief
7 Mar, 2021 02:35 AM
6 minutes to read
Isabella Oxley, 5, celebrates her birthday with family at Mission Bay on the first day of alert level 2. Pictured with Lily Oxley, Mila Oxley, Flynn Oxley and Rocco Hogan. Photo / Alex Burton
Isabella Oxley, 5, celebrates her birthday with family at Mission Bay on the first day of alert level 2. Pictured with Lily Oxley, Mila Oxley, Flynn Oxley and Rocco Hogan. Photo / Alex Burton
By: Nikki Preston, Nikki Preston and Chelsea Boyle
Herald reporter based in HamiltonNikki.Preston@nzme.co.nz
The Government is poised to announce new details about the arrival of Covid-19 vaccines and some likely refinement to its sequencing plans.
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Required fields Total Petrochemicals & Refining USA on Thursday reported a storage tank overpressure event while working to restart its refinery in Port Arthur, Texas, after a major storm forced a shutdown. While preparing to restart the refinery following the winter storm, Storage Tank 948 received flush from Vacuum Distillation Unit 2 and experienced an overpressure event which resulted in VOCs [volatile organic compounds] being released to atmosphere, the refinery said in a statement to the Texas Commission on Environmental Quality. It said the emissions happened Wednesday. The refinery increased nitrogen flow to the tank, and maintained a nitrogen blanket following the event, it added.
The pandemic may be receding in some parts of the world, but it is still ravaging Mexico and Brazil, presenting another challenge to U.S. refiners as the two countries are among their key export markets
China’s Oil Demand May Be Overestimated By Tsvetana Paraskova - Mar 04, 2021, 7:00 PM CST
Robust oil demand in Asia has supported the bullish sentiment on the oil market in recent weeks, but the higher oil prices may cool off crude purchases from the world’s most important oil-importing region.
Asian, and in particular Chinese, oil imports have been strong since the start of the year. But signs have already emerged that no crude buying spree will occur in the second quarter with oil prices above $60 eating into refining margins, and with planned maintenance at Chinese refineries beginning in March and April.