Buying coke Caracas

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Buying coke Caracas

Chief executive Alison Brittain explains why the drinks giant is interested in coffee and tells Today that the deal would boost Costa's global expansion. Why is Coca-Cola buying Costa? This video can not be played To play this video you need to enable JavaScript in your browser. Share page. Copy link. Read description.

Venezuela coke exports remain high in March

Buying coke Caracas

Fresh uncertainty around US sanctions against Venezuelan oil and oil products exports has stifled demand for petroleum coke from the country over the past week. Earlier this week, the US administration reimposed sanctions on Venezuela's gold exports and warned Caracas that its oil exports may face similar restrictions after April. The warning follows Venezuela's supreme court's decision on 26 January to maintain a ban on opposition candidates running in a presidential election later this year, contrary to the agreement that led to the sanctions pause. Following the news, interest in Venezuelan coke has fallen as buyers are concerned about their potential liability and securing freight and financing became more difficult, market participants say. One Indian buyer who had been exploring Venezuelan coke said that its foreign bank partners and even one Indian bank were unwilling to finance the trade. Some Turkish banks also remained sensitive to transactions for Venezuelan supplies. A number of vessel owners have also put on pause Venezuelan coke shipments following the sanctions news, according to one market participant, while another said that ship owners do not want to go to Venezuela because of load port issues. This could potentially affect previously purchased shipments of Venezuelan coke. Turkish cement producers that had previously been willing to consider Venezuelan coke in their recent tenders mainly purchased coke from the US and Europe this week. Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one. Houston, 9 October Argus — The quality of some California-origin petroleum cokes has shifted in recent months as an influx of Canadian crude shipping via the TMX pipeline has adjusted refiner's crude slates and displaced imports from Latin America and the Middle East. California's Canadian crude imports from January-July totalled Canadian crude accounted for 9pc of California's crude imports in the first seven months, up from 4pc in the same period the year prior. The state's imports of Canadian crude in June and July, the first two months of full TMX operations, were up nearly fivefold on the year. PBF's Martinez imported , bl of Canadian crude from June-July, more than quadruple the amount in the same two months of of Additionally, the sulphur content of Martinez's Canadian crude imports was significantly higher on the year, averaging 1. At the same time, the refiner also increased sour Ecuadorian crude imports by 95pc on the year. Martinez's crude imports had an average sulphur content of 1. The refinery's coke was recently heard to be reaching more than 2. On the other hand, Phillips 66's Carson refinery's coke quality was recently heard to be around or even below 3pc sulphur, down from its typical 4. Carson's Canadian crude imports' sulphur content in June-July averaged 2. Carson also did not import any sour Saudi Arabian crude in June-July, compared with 2. At the same time, Carson increased purchases of sweet Guyanese crude to 1. But Carson and Martinez's coke sulphur content may soon increase as TMX crude becomes more common on the US west coast, market participants said. This could leave Asian buyers searching for 2pc and 4. By Delaney Ramirez Send comments and request more information at feedback argusmedia. Argus Media group. All rights reserved. Houston, 7 October Argus — Kinder Morgan is planning to shut its terminals and fuel racks in Tampa, Florida, on Tuesday as the region prepares for Hurricane Milton to make landfall Wednesday evening. The terminals handle a wide range of bulk products including fertilizers, scrap metal, petroleum coke and coal according to Kinder Morgan's website. Kinder's Tampa refined products terminal has 1. The airport said today that it will cease operations the morning of 9 October in advance of the hurricane. By Nathan Risser Hurricane Milton projected path Send comments and request more information at feedback argusmedia. A market participant said the Kirkuk cargo was shipped from a Mideast Gulf loading point. A political stand-off since March has meant northern Iraq crude cannot be supplied into the Mediterranean region via the pipeline from Kirkuk to Ceyhan, southeast Turkey. The switch to the bitumen-rich crude, after lighter grades had been run through Pancevo in recent months, has also allowed Nis to restart its polymer-modified bitumen PMB manufacturing plant at Pancevo this week. The higher quality grade, which is produced by adding polymers like styrene-butadiene-styrene SBS in the initially produced bitumen mix, is increasingly used on some road, highway and airport projects. Nis plans to run another bitumen-yielding Iraqi crude, Basrah Medium, along with Kirkuk this month, helping significantly boost bitumen production for supply into the country's domestic and export markets — mainly Romania and Bosnia-Herzegovina. The heavier crudes will yield very high-sulphur grades of petcoke, the market participant said. By Keyvan Hedvat Send comments and request more information at feedback argusmedia. Washington, 30 September Argus — Some railroad operations in the southeastern US have resumed in the aftermath of Hurricane Helene, but major carriers warn that some freight may be delayed while storm-damaged tracks are repaired. Rail lines in multiple states were damaged after Hurricane Helene made landfall on the northeastern Florida coast on 26 September as a category 4 storm and traveled northwards as a downgraded but still dangerous storm into Georgia, Tennessee, and the Carolinas. The storm left significant rain and wind damage in its wake, including washed-away roads, flooded lines, downed trees and power outages. Norfolk Southern said it had made 'significant progress' towards its recovery with most major routes back in service including its Chattanooga, Tennessee, to Jacksonville, Florida, line as well as its Birmingham, Alabama, to Charlotte, North Carolina route. Norfolk Southern said freight moving through areas that are out of service could 'see delays of 72 hours'. Several of Norfolk Southern's other routes remain out of service, including rail lines east and west of Asheville, North Carolina, because of historic levels of flooding. There are multiple trees to remove along a mile stretch from Macon, Georgia, to Brunswick, Georgia. And downed power lines are keeping the railroad's lines from Augusta, Georgia, to Columbia, South Carolina, and Millen, Georgia, out of service. CSX said 'potential delays remain' but did not provide specifics. However, the railroad said it had made 'substantial progress' in clearing and repairing its network. The railroad's operations in Florida have mostly reopened, as have rail lines in its Charleston subdivision, which crosses South Carolina and Georgia. A portion of the line running from Erwin, Tennessee, to Spartanburg, South Carolina, has been cleared, but CSX said 'a long-term outage' is expected for other parts of the rail line. By Abby Caplan Send comments and request more information at feedback argusmedia. Traffic moving southbound on the lower Mississippi from Tiptonville, Tennessee, to Greenville, Mississippi, can now have a draught up to Tows traversing Tiptonville to Vicksburg, Mississippi, can have six barges wide, while tows traveling through Vicksburg to Tunica can be up to seven barges wide. Northbound tows cannot draft higher than 9. The same tows cannot have more than six barges wide and more than four of them loaded. All but two locations on the lower Mississippi River rose above their low water threshold and are forecast to remain that way through mid-October, the National Weather Service said. Restrictions were loosened late last week after Hurricane Helene brought flash floods to the southeastern US following weeks of drought conditions along the lower Mississippi River. By Meghan Yoyotte Send comments and request more information at feedback argusmedia. Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. Related news posts Argus illuminates the markets by putting a lens on the areas that matter most to you. Business intelligence reports Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. Learn more.

Buying coke Caracas