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Chemicals & Energy: Page 17

Chevron Lines Up 11 Ships as Venezuela’s Dark Fleet Vanishes

At least 11 ships chartered by the U.S. oil major are scheduled to arrive in the Venezuelan government-controlled ports of Jose and Bajo Grande later in January.

Chevron-chartered ship Ionic Anassa was the first of 11 tankers the oil major is set to load this month, according to preliminary data. Photo: Bloomberg

Regulators Fine Pipeline Operator $9.6M Over 2023 Oil Spill

The civil penalty issued by regulators is roughly equal to the combined $8-10 million in fines the agency issues each year on average.

Photo: iStock / asbe

Venezuela Oil Blockade Dodged by Sanctioned Ships

The vessels that definitely exited the Latin American nation’s territorial waters were transporting about 4 million barrels of crude and fuel.

Photo: Jesus Vargas / Getty Images via Bloomberg

Trump Sees U.S. Oil Producers Spending Billions in Venezuela

It’s unclear how willing oil giants are to pour substantial sums of money into a country run by a temporary U.S.-backed government without established legal and fiscal rules.

An oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela. Source: Bloomberg

U.S. Sanctions Chinese Companies, Tankers With Venezuela Links

The sanctions represent the latest move in President Donald Trump’s pressure campaign against Maduro over alleged drug trafficking operations.

Photo: iStock.com/Wirestock

Customs Classification Is Broken. AI Can Fix It

Integrated into SaaS platforms, AI classification becomes global, consistent and collaborative.

A men's cotton T-shirt or a 100% cotton knit top? Let AI decide. Photo: iStock/Radionphoto

Tariffs and Deportations – Will They Revive U.S. Manufacturing?

According to multiple academic and think tank studies, neither will bring dramatic improvements, and they may instead harm the economy.

Photo: iStock/SilverV

Zombie Ship Shows U.S. Targeting Darkest Corner of Oil Fleet

The tankers indulge in most of the dark fleet’s typical practices to obscure movements and ownership, including spoofing, or the use of fake locations.

The Skipper, seen here in the top right with other unknown vessels, was docked at an offshore infrastructure at Venezuela's José on November 14. Photo: Bloomberg

Russia’s Sovcomflot Gets First Domestic Tanker for Arctic LNG 2

The Alexey Kosygin is key for the project above the Arctic Circle to be able to ship cargoes of liquefied natural gas via the Northern Sea Route.

A Russian Icebreaker on the water in Arctic Ocean toward to the North Pole. Photo: iStock.com/Sergey Zemnuhov

Ford Backs off All-EV Large Vehicles

The company predicted a $19.5 billion hit to profits as a result of the strategic shift.

Photo: iStock/RoschetzkyIstockPhoto

EU Seeks to Remake Supply Chains Away from Dependence on China

The European Commission unveiled The ReSourceEU program, which seeks to de-risk and diversify the bloc’s supply chains.

Photo: iStock.com/Alexandros Michailidis

U.S. Seizes Sanctioned Oil Tanker Off the Coast of Venezuela

The Trump administration has ramped up pressure on Venezuelan President Nicolás Maduro, whom it has accused of presiding over a narcotrafficking operation.

Nicolás Maduro, President of Venezuela. Photo: Bloomberg

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