US refineries taking in half of Venezuela’s oil output, official says

AL JAZEERA

US official says Venezuela is sending more than 500,000 of its 1.25 million barrels per day output to Gulf Coast refineries.

Oil tankers at daybreak at the Bajo Grande Terminal on the western shore of Lake Maracaibo, south of the city of Maracaibo, Venezuela [File: Raquel Chavez JS/Reuters]

Venezuela is exporting about half of its oil output to the United States, according to a senior US official, seven months after Washington abducted President Nicolas Maduro and installed an interim government in Caracas.

Speaking at an industry event in Houston on Tuesday, Under Secretary of Energy Kyle Haustveit said more than 500,000 barrels per day (bpd) are now moving from Venezuela to the US

Seguir leyendo

Oil rises amid uncertainty over U.S.-Iran Strait of Hormuz deal

Oil Prices and News

Published Sun, Aug 9 20269:23 PM EDT Updated
An Hour Ago
Justina Lee@in/justina-lee-2742aa59
 
Key Points
  • Iranian Foreign Minister Abbas Araghchi said that Tehran is not currently in direct talks with the U.S. to end the war with Iran and open the Strait of Hormuz.
  • Risks remain elevated outside Hormuz too, with Houthi groups in Yemen continuing attacks and threats, according to Citi.
  • “Uncertainty remains high as we go into the sixth month of the Iran war,” Westpac noted.

In this article

  • @CL.1+0.24 (+0.31%)
  • @LCO.1+0.39 (+0.47%)
 
This frame grab taken from AFPTV video footage on July 12, 2026 shows a cargo ship anchoring near the Strait of Hormuz off the eastern coast of

Seguir leyendo

Chimbusco Green Energy 85 – Methanol bunkering ship built for nationwide operation in China

 VESSEL REVIEW |

 
Published on: 
11 Jun 2026, 10:55 am

China’s COSCO Shipping has taken delivery of a new seagoing methanol bunkering vessel for operation by China Marine Bunker (Chimbusco), the joint venture formed by COSCO Shipping and Petrohina.

According to COSCO Shipping, Chimbusco Green Energy 85 (中燃绿能85; Zhongran Luneng 85) is the first methanol bunkering vessel capable of operating nationwide in China via the country’s coastal waters.

Thanks to this capability, the ship can connect China’s northern and southern marine transport hubs and ensure full-voyage bunkering for methanol dual-fuel vessels. This would help address the issues that are normally encountered whenever methanol-powered vessels need to operate across provinces that lack the necessary bunkering infrastructure.

 

Large capacity ideal for inter-provincial operation

Close-up of Chimbusco Green Energy 85's bowCOSCO Shipping

Chimbusco

Seguir leyendo

Bunkerr prices

https://shipandbunker.com/prices

Propelling the world’s giant ships into the future with new sail systems

 

The four towers on the Odfjell ship Bow Olympus are actually modern suction sails that rise 22 metres into the air. Photo: Odfjell
Modern sails on large ships are becoming increasingly common to save fuel – and also the climate. Now a research team is looking at how to maximize their benefits, and that turns out to be more complicated than anticipated.

Huge ships, like container ships, bulk carriers and tankers, use large amounts of energy and are responsible for the corresponding climate emissions.

But new fuels, such as hydrogen and ammonia, are not yet that easy to apply. Zero-emission solutions like electrification are not readily available for the largest ships either. That is why many shipowners regard the world’s oldest “fuel”

Seguir leyendo