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“PDVSA (and) the whole nation has been under a brutal attack by the U.S. government to impact the company’s finances and operations,” Venezuelan Oil Minister Manuel Quevedo said on Thursday at a conference in Saudi Arabia. PDVSA has ramped up crude-for-fuel swaps and exchanges with its customers and trading firms to keep oil flowing to foreign markets amid sanctions groomsmen cufflinks and studs. The United States also established several wind-down periods, allowing pending deliveries and payments to be completed through April..
In March, at least 1 million bpd of Venezuelan crude and refined products are expected to be shipped, according to a Reuters review of tankers waiting to load or steaming to PDVSA’s ports. After ordering some tankers carrying imported fuels to forcefully discharge amid uncertainty created by U.S. sanctions, PDVSA’s purchases of gasoline, diesel, diluent naphtha and other fuels have grown, satisfying most of the country’s consumption. In the full month following sanctions, PDVSA imported 165,000 bpd of fuel, mainly from the United States and Europe. Sanctions banned U.S groomsmen cufflinks and studs. exports of diluents used to convert Venezuela’s extra heavy oil into exportable grades, but allowed sales of other fuel for the coming months..
PDVSA on Thursday said it has enough fuel for domestic consumption and will create a special program to supply gasoline during the Carnival holidays. It did not disclose figures. Venezuela imported over 300,000 bpd of fuel in December, a record high amid problems with domestic refineries producing gasoline and other motor fuel groomsmen cufflinks and studs. During 2018, the company imported around 200,000 bpd of fuel. In recent weeks, the country has been paying heavy premiums for fuel purchased, mostly supplied by trading firms, Russia’s Rosneft, a traditional backer of Caracas, and Spain’s Repsol, which has continued swapping Venezuelan crude for gasoline under a deal signed before sanctions..
(Reuters) – U.S. companies installed more robots last year than ever before, as cheaper and more flexible machines put them within reach of businesses of all sizes and in more corners of the economy beyond their traditional foothold in car plants. Shipments hit 28,478, nearly 16 percent more than in 2017, according to data seen by Reuters that was set for release on Thursday by the Association for Advancing Automation, an industry group based in Ann Arbor, Michigan groomsmen cufflinks and studs. Shipments increased in every sector the group tracks, except automotive, where carmakers cut back after finishing a major round of tooling up for new truck models..
Other sectors boomed. Shipments to food and consumer goods companies surged 60 percent compared to the year before. Shipments to semiconductor and electronics plants were up over 50 percent, while shipments to metal producers rose 13 percent. Pressure to automate is growing as companies seek to cut labor costs in a tight job market. Many companies that are considering bringing work back from overseas in response to the Trump administration’s trade wars may find automation the best way to stay competitive, even with higher-cost U.S groomsmen cufflinks and studs. workers..