Colombia urges US to name Caracas a terror sponsor

  • : Crude oil, Oil products
  • 19/09/09

Colombia is lobbying the US government to designate neighboring Venezuela as a state sponsor of terrorism, a move that would lay a political foundation for potential military strikes as Caracas deploys troops to the border.

Tensions between Colombia and Venezuela have escalated sharply since 29 August, when dissident leaders of the former guerrilla group Farc issued a renewed call to arms against the Colombian state. Farc dissidents and other Colombian insurgent groups such as the National Liberation Army (ELN) have long taken refuge in Venezuelan territory. But Colombia's government and armed forces now say that the illegal armed groups are actively cooperating with the Venezuelan government, financed by widespread drug trafficking, illegal mining and extortion inside Colombian territory, including oil pipeline attacks. Many Venezuelans have joined their ranks for economic gain as the crisis in their country has intensified.

In a national address after the Farc dissidents disavowed a 2016 peace deal with the Colombian government, President Ivan Duque accused Venezuela of violating UN Security Council resolution 1373 of 2001 that prohibits member states from aiding terrorist groups.

Colombia, along with the US and dozens of other Western countries, early this year withdrew recognition of Venezuelan president Nicolas Maduro in favor of Juan Guaido, the head of the opposition-controlled National Assembly, whom they recognize as the country's interim president.

Bogotá is making its case against the Maduro government as thousands of Venezuelan army troops reinforced by air defense missile systems are being deployed to the border.

The deployment is focused on the border states of Tachira and Apure, defense ministry and presidential palace officials have told Argus. More troops will be dispatched this week to engage in military exercises in the month of September, they said.

The Venezuelan forces now on the border are equipped with Russian-made Igla-S portable missile launchers and S-300 surface-to-air anti-aircraft missile systems.

The S-300 systems had been deployed since last year mainly around the Caracas metropolitan area, but some were sent west last week amid heightened defense ministry concerns that the Colombian air force could launch targeted attacks against Colombian guerrillas inside Venezuela, the officials said.

Colombia's US-trained and equipped military, hardened by decades of internal conflict, set a precedent in 2008 with a targeted air attack against a guerrilla camp in neighboring Ecuador that killed a top Farc commander.

Although Venezuela's armed forces are considered fragmented and poorly trained and equipped, a single Venezuelan armed strike or even a military flyover in Colombia — beyond the cross-border incursions that regularly occur— could detonate a wider conflict.

Venezuela's disputed government has military and logistical support from Cuba and Russia. Dozens of Russian and Cuban weapons technicians and infantry advisers, some outfitted in Venezuelan army uniforms, were sent to army forward bases in Tachira in what appears to be the first deployment of foreign military advisers embedded with Venezuelan army infantry units.

At least 3,000 armed members of Colombia's ELN and Farc militant groups are currently in Venezuela, mainly in camps located near the border in the states of Apure, Bolivar, Tachira and Zulia, according to two dissident Venezuelan army officers critical of the Maduro government's support of the Colombian rebels.

In response to a prominent Colombian press report over the weekend about alleged Venezuelan cooperation with the insurgent groups, the Venezuelan government today asserted that Colombia itself is abetting terrorism by harboring Venezuelan exiles intent on toppling Maduro.

Maduro's saber-rattling against Colombia and his open embrace of the militants come amid heightened internal tensions within Venezuela's armed forces where longtime defense minister Vladimir Padrino appears to have fallen out of favor with Maduro since his alleged involvement in a short-lived military uprising on 30 April.

Maduro now increasingly relies on the support of armed forces strategic operations commander admiral Remigio Ceballos, and armed forces chief of staff major general Jesus Suarez Chourio. Last week Ceballos issued orders to all army and national guard units at the border to avoid armed engagements with ELN and Farc units, and instead to offer these groups material and training support.

Cool on Avengers

Wary of being drawn into another overseas conflict, the US administration has so far been cool to Colombia's case for toughening its stance on Caracas, but no steps have been ruled out in the face of Maduro´s persistent hold on power.

Washington's goal is to establish a transitional government that will ensure a return to democracy in Venezuela through free elections, the US State Department's Venezuela envoy Elliott Abrams said at a public event in Brussels today. The US is aiming for a political change, not vengeance, said Abrams, who was in Brussels to push for aligning EU sanctions on Venezuela with the stronger US stance.

In the latest tweak to its Venezuela sanctions regime, the US Treasury's sanctions office clarified today that former Venezuelan government employees and contractors will be exempted from President Donald Trump's executive order blocking the US-based property and assets of the Maduro government. The exemption does not apply to individuals directly placed on the US sanctions list. The measure likely is meant to encourage more defections from the Maduro government, which have so far been significantly below US expectations.


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24/05/21

México compra más gasolina asiática

México compra más gasolina asiática

Mexico City, 21 May (Argus) — México está recurriendo más a la gasolina asiática, complementando las importaciones desde la costa del Golfo de EE. UU. para ayudar a satisfacer alrededor de 60pc de la demanda que la producción doméstica no cubre. PMI, el brazo de comercio internacional de la estatal Pemex, compró inusualmente la semana pasada cuatro cargamentos de gasolina asiática para cargar en mayo, además de un envío que ya había comprado para cargar entre el 20 y el 22 de mayo, lo que llevó el total de cargas asiáticas a cinco en el mes. Las cargas se compraron a una refinería estatal china, una empresa comercial estatal china y una empresa comercial con sede en Suiza, según fuentes del mercado. Como resultado, es probable que cinco cargas de aproximadamente 296,000 bl cada una se dirijan a México en mayo. Se esperaba que Asia enviara solo una carga de gasolina a México en mayo, en comparación con cuatro cargas enviadas en abril debido a un arbitraje cerrado. Pero un incidente en la refinería de Tula de Pemex (315,000 b/d), que produce alrededor de 24pc de la gasolina de la empresa, podría haber influido en la decisión de la empresa de comprar más gasolina asiática. Pemex está trabajando para reiniciar la refinería después de un corte de energía el 13 de mayo, y los trabajos de reparación podrían tardar unas dos semanas, dicen las fuentes. México ha importado gasolina ocasionalmente desde Asia durante varios años, pero PMI se convirtió en un comprador frecuente desde abril de 2023. Los cargamentos de gasolina asiática que llegaron a puertos mexicanos ascienden a 54,000 b/d en mayo, frente a los 3,800 b/d de abril, según los datos de Vortexa. Las importaciones de gasolina asiática de mayo aumentaron en 7pc año con año, según los mismos datos. Durante todo el año 2023, México ingresó 47,000 b/d de gasolina de Asia, además de 18,000 b/d de diésel y 3,000 b/d de turbosina, para un total de 68,000 b/d de importaciones de combustible de Asia, tres veces más que en 2022, muestran los datos de Vortexa. México ha dependido de las importaciones, principalmente de la costa del Golfo de EE.UU., para cubrir parte de su demanda de gasolina desde 1990, pero la cuota de importaciones aumentó exponencialmente a partir de 2006, ya que las refinerías de Pemex no pudieron seguir el ritmo de aumento de la demanda. Las importaciones de gasolina aumentaron de nuevo tras la reforma energética de 2014, que abrió los mercados de combustibles a la inversión del sector privado. Retroceso Pero desde 2019, el país ha vuelto a un entorno más restrictivo para las empresas del sector privado bajo la administración del presidente Andrés Manuel López Obrador, que ha realizado inversiones de miles de millones de dólares en las capacidades de refinación de Pemex para alcanzar el ambicioso objetivo de autosuficiencia en gasolina y diésel. Aunque estas inversiones dieron lugar a niveles máximos de ocho años en tasas de rendimiento de las refinerías domesticas de Pemex en marzo, impulsando la disminución de las importaciones de combustible, los participantes del mercado permanecen escépticos de una fuerte caída sostenida en las importaciones de combustible de México. A pesar del aumento en el proceso de crudo de las refinerías, Pemex y las empresas privadas siguen importando 481,000 b/d de gasolina, o 60pc de la demanda de gasolina de México, según los últimos datos de la secretaria de energía. Incluso cuando comience operaciones la nueva refinería Olmeca (340,000 b/d), que enfrenta múltiples retrasos, la creciente demanda y los desafíos operativos en las otras refinerías harán que México continúe dependiendo de las importaciones de combustible. Es probable que las importaciones de combustible de México aumenten en la segunda mitad del año, ya que los inventarios de Pemex tienden a disminuir en junio impulsados por el aumento de la demanda. Dado que las empresas del sector privado y Pemex importan la mayoría de las cargas de gasolina desde la costa del Golfo de EE.UU., se espera que la empresa estatal continúe importando ocasionalmente desde Asia. Las importaciones de combustible asiático representaron aproximadamente entre 7 y 8pc de las importaciones marítimas totales de combustible de México en 2023, y las importaciones desde EE. UU. representaron 78pc del total. Por Antonio Gozain Cargamentos de gasolina asiática enviados a México ’000b/d Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Asia demand lifts US VLCC rates to 4-month high


24/05/21
24/05/21

Asia demand lifts US VLCC rates to 4-month high

Houston, 21 May (Argus) — Rates for 2mn bl very large crude carriers (VLCCs) on the US Gulf coast reached four-month highs on 17 May amid elevated Asia-Pacific demand for US crude, especially in China. The rate to ship 270,000t of crude from the US Gulf coast to China, including $250,000 Corpus Christi, Texas, load-port fees, climbed by 11.6pc from 7-17 May to $10.1mn lumpsum, or $4.85/bl for WTI, the highest level since 12 January, according to Argus data. A surge of demand in the first half of May reduced tonnage in the Atlantic basin as Chinese refiners eye the end of a heavy refinery maintenance season . Over that span, the time-charter equivalent (TCE) rate, which reflects daily earnings for shipowners, for a scrubber-fitted VLCC hauling crude from Corpus Christi to Ningbo, China, increased by about $9,150/d to $50,613/d, according to Argus data. Similarly, the US Gulf coast-Rotterdam VLCC rate on 17 May matched its highest level since 11 January, reaching $4.95mn lumpsum, or $2.38/bl for WTI, including load-port fees, after Asia-Pacific demand limited the amount of VLCCs available for shipments to Europe. The rally comes amid rising onshore inventories of crude in China. Stocks increased to 924mn bl in the week ended 19 May, the most in nearly five months, according to data from analytics firm Vortexa. "An expected increase in refinery utilization during the third quarter justifies inventory building during (the second quarter), while the current import trend and ongoing refinery maintenance may imply less sharp inventory builds during May-June compared to last year," shipbroker BRS said. Last year, Chinese inventories of crude shot up to 1.02bn bl at the end of July from about 925mn bl at the end of April, Vortexa data show. A slower pace of inventory builds may create a less volatile environment for VLCCs compared to last year, BRS said. By Tray Swanson Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

US readies sale of 1mn bl gasoline reserve


24/05/21
24/05/21

US readies sale of 1mn bl gasoline reserve

Washington, 21 May (Argus) — President Joe Biden's administration is requesting bids for a congressionally mandated sale of a 1mn bl gasoline reserve that it says has been "strategically timed" to bring down prices during the peak of the summer driving season. The US Department of Energy (DOE) said the pending sale of the Northeast Gasoline Supply Reserve will release gasoline blendstocks into the commercial market by no later than 30 June. The sale will consist of 900,000 bl of gasoline in Port Reading, New Jersey, and nearly 99,000 bl of gasoline in South Portland, Maine. Bids for the competitive solicitation will be due no later than noon ET on 28 May. The administration was required to sell off the gasoline reserve, which was created in 2014 in the wake of Superstorm Sandy, by no later than 30 September under a bipartisan spending deal signed into law earlier this year. US energy secretary Jennifer Granholm said the administration organized the sale with a goal to bring down prices at the pump. "By strategically releasing this reserve in between Memorial Day and July 4, we are ensuring sufficient supply flows to the tri-state and northeast at a time hardworking Americans need it the most," Granholm said. US regular grade gasoline cost an average of $3.58/USG in the week ending on 20 May, down from a recent weekly high of $3.67/USG reached nearly a month earlier, according to US Energy Information Administration data. Biden administration officials have been paying close attention to fuel prices, which typically carry outsize weight in public perceptions about inflation. The Northeast Gasoline Supply Reserve consists of gasoline held in leased commercial storage tanks that is commingled with commercial supplies. Congressional appropriators came to see the reserve as a waste of resources that should be liquidated. The US was spending about $13/bl annually to maintain the reserve even though it was not likely to be effective during an emergency, the US Government Accountability Office said in a 2022 report. By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

ScanOcean to supply MGO-HVO blend in Sweden


24/05/21
24/05/21

ScanOcean to supply MGO-HVO blend in Sweden

London, 21 May (Argus) — Swedish bunker firm ScanOcean will supply a B30 marine biodiesel blend made of marine gasoil (MGO) and hydrotreated vegetable oil (HVO) by truck at all Swedish ports. The B30 blend will comprise 70pc MGO and 30pc HVO and meet ISO 8217:2017 MGO specifications, according to ScanOcean. The biofuel component will not contain any fatty acid methyl ester (Fame) and the blend will reportedly be accompanied by ISCC-EU certification and a proof of sustainability (PoS) document. ScanOcean added that they will supply the physical blend but that the HVO component will be sourced from the EU. The B30 blend will achieve a 25pc reduction of CO2 emissions on a well-to-wake basis when compared with conventional MGO, according to the Swedish supplier. By Hussein Al-Khalisy Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Iraq’s Somo issues first gasoil export tender


24/05/21
24/05/21

Iraq’s Somo issues first gasoil export tender

Dubai, 21 May (Argus) — Iraq's state-owned Somo issued its first gasoil export tender, likely because additional volumes are coming from its new 140,000 b/d Karbala refinery. Somo is offering 82,000t (612,000 bl) of 500ppm sulphur gasoil over a three-month period from the date of signing the deal, with an option to extend the agreement upon Somo's approval. Somo indicates gasoil is to load from North Company refineries. The bids are to be submitted by 26 May. This is the very first gasoil export tender issued by Somo as historically Iraq has been heavily dependent on gasoil imports to satisfy its domestic demand. Market participants suggest Iraq can now afford to export gasoil because it has ramped up its new 140,000 b/d Karbala refinery south of Baghdad. Karbala refinery began commercial operations in April last year and primarily supplies oil products to domestic market, but in doing so it creates gasoil surplus in the northern part of the country. Iraq has also recently reopened its 150,000 b/d North refinery — part of Iraq's largest downstream facility the 290,000 b/d Baiji complex. The refinery was running at around 70,000 b/d in March, according to market sources. Additional production potentially caused Iraq to stop importing gasoil this year. Iraq's gasoil imports dropped to zero in February and March, show the latest data from Joint Organisations Data Initiative (Jodi). This is compared with around 24,500 b/d gasoil imports in 2023. By Ieva Paldaviciute Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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