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Exclusive: Venezuela oil exports stable in March despite sanctions, blackouts -data

FILE PHOTO: Isla Oil Refinery PDVSA terminal is seen in Willemstad on the island of Curacao
FILE PHOTO: Isla Oil Refinery PDVSA terminal is seen in Willemstad on the island of Curacao, February 22, 2019. REUTERS/Henry Romero/File Photo

April 2, 2019

By Marianna Parraga

(Reuters) – Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and ongoing power outages that crippled its main export terminal, according to PDVSA documents and Refinitiv Eikon data.

The OPEC member stabilized exports in March after shipments fell about 40 percent in February from the month before, in the immediate aftermath of the United States announcing it would impose sanctions on oil sales to choke off main source of revenue for the government of socialist President Nicolas Maduro.

The United States and many Western governments have recognized Venezuelan opposition leader Juan Guaido as the country’s rightful leader, after Maduro won an election last year that was widely considered a sham.

March’s exports of 980,355 barrels per day (bpd) of crude and fuel were only slightly less than February’s shipments of 990,215 bpd, according to the documents seen by Reuters and the Refinitiv Eikon data.

U.S. restrictions on Venezuelan exports will tighten further in May, when the grace period for winding down purchases expires for importers of Venezuelan oil who use U.S. subsidiaries or the U.S. financial system for transactions.

U.S. President Donald Trump is considering imposition of sanctions on companies from other countries that do business with Venezuela, White House national security adviser John Bolton told Reuters TV on Friday.

Most oil shipments in February and March were destined for Asia. Until the sanctions, the United States was Venezuela’s largest crude buyer.

“Given the new set of challenges that landed on PDVSA’s lap, we were surprised to see a rebound in exports amid the nationwide power blackouts,” said Samir Madani, co-founder of TankerTrackers.com, a service that tracks oil shipments and storage.

Exports dipped below 650,000 bpd during the blackouts, TankerTrackers estimates.

Two massive power outages in March caused Jose port, the country’s largest crude terminal, to shut for at least six full days, according to the Eikon data.

PDVSA was able, however, to offset delays caused by blackouts by loading larger vessels bound for Asia. Shipping data shows the company plans to do the same again in April.

Cargoes sent to India, China and Singapore – a hub for storage and re-exports – made up 74 percent of total exports in March, compared with almost 70 percent in February.

Exports to Europe accounted for 17 percent of the total, versus 22 percent the previous month.

PDVSA also continued exporting oil to Maduro’s ally Cuba. At least seven small cargoes were sent from its ports in March, totaling 65,520 bpd of crude and fuel, according to the data.

Guaido last month said shipments to Cuba should be halted. But PDVSA, controlled by a military leadership loyal to Maduro, has continued exports to the island.

The state-run company did not respond to a request for comment.

Venezuela’s oil production once surpassed 3 million bpd, but years of mismanagement and corruption caused that output to dwindle to barely 1 million bpd. The reduction in oil revenue has led the once-prosperous nation of 30 million into years of recession and created conditions that led to hyperinflation. Millions have fled the country and many who remained cannot afford food or basic goods.

Sanctions have made it difficult for PDVSA to take payment for its exports, said a PDVSA source, who did not want to be identified for fear of retaliation.

“The largest problem is not to load and ship the vessels,” the source said, declining to be identified due to the sensitivity of the matter. “It is to get paid.”

INDIA REMAINS TOP DESTINATION

India was once again Venezuela’s main destination for exports in March with a third of total cargoes sent to refineries operated by Reliance Industries and Nayara Energy.

U.S. imports of Venezuelan oil have dropped to zero since mid-March due to sanctions, according to the U.S. Energy Information Administration.

The largest individual recipient of Venezuelan barrels last month was China National Petroleum Corp (CNPC) and its subsidiaries with some 234,000 bpd, followed by Russia’s Rosneft, which received 214,000 bpd, according to the data. New customers including trading firms Sahara Energy and MS International also received access to Venezuelan crude.

Rosneft has increased its share of Venezuelan oil shipments since sanctions mainly for reselling to refiners. Venezuela’s oil minister, Manuel Quevedo, last month traveled to Moscow to negotiate larger sales of Venezuelan oil to Russian companies.

The Russian company has also boosted fuel supplies to Venezuela, according to the data. Venezuela imported 184,500 bpd of fuel last month, with the largest portion provided by Rosneft, followed by cargoes sent by Reliance and Spain’s Repsol.

Following U.S. pressure, Reliance turned to selling fuel to Venezuela from India and Europe to circumvent sanctions. Repsol in March swapped gasoline and other fuel for Venezuelan crude as part of an agreement to collect on dividends owed it by PDVSA.

GRAPHIC: Venezuela’s exports by destination in 2018, click https://tmsnrt.rs/2HU81FY

(Reporting by Marianna Parraga; Editing by David Gaffen, Simon Webb and Steve Orlofsky)

Source: OANN

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Millions of Chinese Communist Youths to Be Sent to ‘Develop Rural Zones’

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Durbin: 'What the Heck' Is Green New Deal

Sen. Dick Durbin said Wednesday he's read over the "Green New Deal" several times, and he doesn't know yet if he'll vote for it.

"At this point, I can't tell you," the Illinois Democrat and Senate Minority Whip told MSNBC's "Morning Joe."  "I have read it and I have reread it and I asked, 'What the heck is this?'"

The controversial 14-page proposal by Rep. Alexandria Ocasio-Cortez, D-NY, and Sen. Ed Markey, D-Mass., earlier this month, includes goals to follow for the country to reach an economy that has a net-zero carbon emission footprint.

"It's an aspiration," said Durbin. "It's a resolution. We're going to ask the Republican leader what's your position on global warming while we're at it. Should he come out on the record and say if human activity is having an impact on the environment? Get it on the record on both sides."

Durbin said he does "certainly agree," though, with the "premise that global warming is a threat to the planet and we're not doing enough."

Senate Majority Leader Mitch McConnell already has promised to bring the Green New Deal to a vote and House Republicans are calling for Speaker Nancy Pelosi to bring it the floor not to avert climate change, but because of hopes to take back Congress seats by casting Democrats as being extreme over the proposal.

Source: NewsMax Politics

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Cheney challenges Pence face-to-face over Trump foreign policy

Former Vice President Dick Cheney reportedly challenged Vice President Pence over President Trump’s foreign policy on Saturday, with Cheney even comparing Trump's approach to that of former President Barack Obama.

The Washington Post reports that the two clashed at a closed-door retreat hosted by the American Enterprise Institute in Georgia, on subjects including the withdrawal of troops from Syria and the tougher stance taken by the Trump administration toward NATO.

IN MUNICH, PENCE DOUBLES DOWN ON CRITICISM OF EUROPE OVER IRAN NUCLEAR DEAL, URGES REMOVAL OF MADURO

Cheney suggested that the 2018 decision to withdraw from Syria was made during “the middle of a phone call” and that “we’re getting into a situation when our friends and allies around the world that we depend upon are going to lack confidence in us.”

“I worry that the bottom line of that kind of an approach is we have an administration that looks a lot more like Barack Obama than Ronald Reagan,” he said.

According to the Post, Pence shrugged off Cheney’s concerns and praised Trump as a “candid and transformational leader.” A Pence spokesman confirmed to the Post that the discussion took place but didn’t comment.

PENCE, AT CPAC, SLAMS DEMS OVER GREEN NEW DEAL: 'THAT SYSTEM IS SOCIALISM'

Cheney reportedly said Trump’s stance toward NATO, where he has urged countries to stump up more for their defense budgets, “feeds this notion on the part of our allies overseas, especially in NATO, that we’re not long for that continued relationship, that we’re looking eagerly to find ways where somebody else will pick up the tab.”

“Well, who wrote these softball questions?” Pence joked at one point, in reference to the grilling he was getting.

The clash is an example of the ongoing tension in the Republican Party between the more hawkish Bush-era wing that pushed for U.S. intervention in Iraq in 2003, and Trump’s homefront-focused policies that look to withdraw from conflicts abroad so as to deal with domestic national security issues.

Cheney also expressed concern about Trump’s decision to cancel military exercises with South Korea, and reports he wanted the Germans, Japanese and South Koreans to pay U.S. deployment costs, according to The Post.

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Pence reportedly pushed back a number of times, praising Trump and accusing critics of conflating “the demand that our allies live up to their word and their commitments and an erosion in our commitment to the post-World War II order.”

“But we think it’s possible to demand that your allies do more to provide for the common defense of all of our nations and, at the same time, reaffirm our strong commitment -- whether it be to the trans­atlantic alliance or to our allies across the Indo-Pacific,” he said.

Source: Fox News Politics

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Cooking grease theft now $75 million a year industry: report

Black market thieves are stealing more than $75 million in old cooking grease each year, according to a new report.

A man was caught earlier this month siphoning about 150 gallons of grease from a dumpster behind a Burger King in northern Virginia, the Washington Post reported.

TEXAS WOMAN GETS 15 YEARS IN JAIL FOR STEALING $1.3M FROM RODEO

Law enforcement officers told The Post that a hike in biodiesel prices is helping to spur the fast food grease thefts.

Rendering companies normally pay restaurants a fee to remove the grease and sell it for things like biofuel or animal feed, The Post reported.

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Corporate lawyer Charles Gittins said his rendering company lost $5 million in grease thefts in 2015, the last year. “You can make $10,000 in a night,” he added.

Source: Fox News National

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6.2 magnitude earthquake rumbles near coast of Ecuador; no injuries or damage reported

A strong 6.2 magnitude earthquake was reported off the coast of Ecuador early Sunday, but there were no immediate reports of damage or injuries.

The United States Geological Survey said the temblor occurred around 3 a.m. ET about 16 miles north of Santa Elena along the coast.

The quake struck at a depth of about 11 miles, according to the agency. The European-Mediterranean Seismological Center reported that there were also numerous aftershocks following the initial quake.

7.5 MAGNITUDE EARTHQUAKE STRIKES NEAR ECUADOR-PERU BORDER, USGS SAYS

The 6.2 magnitude earthquake was reported about 16 miles north of Santa Elena along the coast, according to the USGS.

The 6.2 magnitude earthquake was reported about 16 miles north of Santa Elena along the coast, according to the USGS. (USGS)

No damage has been reported so far, but some people reported being awakened from sleep by the shaking.

7.1-MAGNITUDE EARTHQUAKE HITS SOUTHERN PERU

Ecuador lies along the Pacific's so-called "Ring of Fire," a 25,000-mile horseshoe-shaped ring, accounting for approximately 90 percent of the world's earthquakes, according to the USGS.

The region is the location of most of Earth's subduction zones, where oceanic plates slide under the lighter continental plates. Earthquakes tend to happen when those plates scrape or subside underneath each other, and when that happens at sea it can spawn tsunamis.

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The region also contains 452 volcanoes, more than 75 percent of the world's active and dormant volcanoes.

Fox News' Chris Ciaccia contributed to this report.

Source: Fox News World

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Minority Arabs in Israel object to cameras at polling centers

An Israeli-Arab woman prepares to casts her ballot as Israelis vote in a parliamentary election, at a polling station in Umm al-Fahm, Israel
An Israeli-Arab woman prepares to casts her ballot as Israelis vote in a parliamentary election, at a polling station in Umm al-Fahm, Israel April 9, 2019. REUTERS/Ammar Awad

April 9, 2019

UMM AL-FAHM, Israel (Reuters) – Prime Minister Benjamin Netanyahu’s party sent monitors equipped with body cameras to a number of polling stations with Arab constituents on election day in Israel on Tuesday, and Arab politicians condemned the move as voter intimidation.

Police, when asked about the use of cameras in polling stations, confirmed there had been “a number of suspected irregularities” in the north, where many Israeli Arabs – who comprise 21 percent of the population – live.

Netanyahu, head of the right-wing Likud party who opinion polls showed was neck-and-neck with a centrist rival, defended the filming, saying that cameras should be posted at voting stations throughout the country.

In 2015 Netanyahu angered Israeli Arab leaders when he said that Arabs were flocking “in droves” to cast ballots. Analysts said the remark was an attempt to galvanize his right-wing base, and that it deepened longstanding mistrust among Arabs.

On election days in Israel, representatives of most parties sit at venues to check the pre-vote identification process. Voters are then handed an envelope and go behind a screen to cast their ballot in private.

Arab lawmaker Ahmad Tibi said the cameras were illegal, and were a “direct attempt to sabotage” the freedom to vote.

Arab officials at polling stations in several Arab towns in the north said the cameras were not filming behind the screens but were attached to the shirts of Likud representatives, with the camera lenses visible.

Complaints came from polling stations in districts with predominantly Arab or mixed constituencies. Asked if representatives with cameras were also sent to mostly Jewish areas, a Likud spokesman said he did not know.

OBJECTIONS

Many in Israel’s Arab communities say they face discrimination and are treated as second-class citizens.

Jamil Baransi, Deputy Mayor of Reineh, an Arab town in northern Israel, said monitors from right-wing parties had brought cameras to all of 17 local polling centers.

“We noticed that each one of these representatives had a camera on them, on their bodies,” he said, adding that he believed the cameras were “designed to intimidate voters.”

He said police intervened and people with cameras had left.

A Likud party official confirmed that cameras were deployed, saying it was to ensure there would be no vote rigging.

“They are not hidden cameras. They are cameras in the open,” Kobi Matza, a Likud election official, told Kan radio station. “We are worried about counterfeit (votes) in the Arab sector.”

The head of Israel’s election committee, Justice Hanan Melcer, said he was aware of complaints about “hidden cameras”, but it had been “made clear that voters had not been filmed inside the voting booth”.

He said it was forbidden to film inside polling stations unless there was concern over “significant harm” being caused to the voting process, such as threats, bribery or violence.

An election committee official said he was not aware of cameras being used in past elections.

Israeli police said there had been “a number of suspected irregularities” at polling stations in the north.

“The police are working in these specific places in coordination with the Elections Committee in order to maintain public order and prevent any further incidents related to the voting polls in today’s elections,” a police statement said.

Netanyahu, asked about the issue while casting his vote in Jerusalem, said: “There needs to be cameras everywhere, in the open. It ensures a valid vote.”

Ahmad Jamal Mahagny, 30, voting in the northern town of Umm al-Fahm later in the day, said: “I’m not sure what they were trying to do. Perhaps they wanted to disqualify the votes here.”

(Reporting by Ron Bousso, Rami Ayyub, Stephen Farrell, Ari Rabinovitch, Dan Williams and Ran Tsabari; Editing by Mark Heinrich)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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