ActionfigureJoe Posted March 27, 2021 Share Posted March 27, 2021 https://www.google.com/amp/s/amp.cnn.com/cnn/2021/03/27/africa/suez-canal-ship-refloat-attempt-intl/index.html Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted March 27, 2021 Share Posted March 27, 2021 Go around it like they used to do. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 27, 2021 Platinum Contributing Member Share Posted March 27, 2021 (edited) What a mess. Edited March 27, 2021 by Jimmy Snacks Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 27, 2021 Author Share Posted March 27, 2021 3 minutes ago, XCR1250 said: Go around it like they used to do. It has the potential for the world to look at their dependency on Chinese goods. 1 1 Quote Link to comment Share on other sites More sharing options...
Frostynuts Posted March 27, 2021 Share Posted March 27, 2021 Some ships are starting to do that, but if they are carrying livestock, they don,t have enough supplies on board to feed them for the extra days going around will take. 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 27, 2021 Author Share Posted March 27, 2021 5 minutes ago, Frostynuts said: Some ships are starting to do that, but if they are carrying livestock, they don,t have enough supplies on board to feed them for the extra days going around will take. The Dutch company that deals with this says it could take weeks to clear canal. Quote Link to comment Share on other sites More sharing options...
Tinker Posted March 27, 2021 Share Posted March 27, 2021 Where's Trump when needed most ? This shit woulda been punted outta the way before anyone tried to navigate up a set of stairs. Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted March 27, 2021 Share Posted March 27, 2021 1 3 1 Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted March 27, 2021 Share Posted March 27, 2021 https://nypost.com/2021/03/27/us-navy-ready-to-help-free-cargo-ship-blocking-suez-canal/ Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted March 27, 2021 Share Posted March 27, 2021 Oil jumps 4% on fears Suez Canal blockage may last weeks By Stephanie Kelly 4 MIN READ NEW YORK (Reuters) - Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge a giant container ship blocking the Suez Canal. Slideshow ( 2 images ) It was a rebound from a sharp decline the previous session on concerns that fresh coronavirus lockdowns in Europe would hurt demand. Brent crude rose $2.62, or 4.2%, to settle at $64.57 a barrel, after dropping 3.8% on Thursday. U.S. West Texas Intermediate (WTI) crude gained $2.41, or 4.1%, to settle at $60.97 a barrel, having tumbled 4.3% a day earlier. Brent rose 0.1% over the last week, while WTI dropped 0.7%, its third weekly loss. Oil trade was volatile this week, as traders weighed the potential impact of the Suez Canal blockage which happened on Tuesday against the effect of new coronavirus lockdowns. “Today the market is up again as traders in a change of heart decided that the Suez Canal blockade is actually becoming more significant for oil flows and supply deliveries than they previously concluded,” said Paola Rodriguez Masiu, Rystad Energy’s vice president of oil markets. The Suez Canal stepped up efforts on Friday to free the stuck mega vessel, after an earlier attempt failed. Efforts to free it may take weeks, with possible complications from unstable weather. Of the 39.2 million barrels per day (bpd) of total seaborne crude in 2020, 1.74 million bpd went through the Suez Canal, according to data intelligence firm Kpler. Additionally, 1.54 million bpd of refined oil products flow through the canal, about 9% of global seaborne oil product trade, Kpler said. On Friday, there were 10 vessels waiting at the entry points of the Canal carrying around 10 million barrels of oil, Kpler said. Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted. The oil markets were also lifted by worries over escalating geopolitical risk in the Middle East. Yemen’s Houthi forces on Friday said they launched attacks on facilities owned by Saudi Aramco. Prices also drew support from expectations that the Organization of the Petroleum Exporting Countries and its allies will maintain lower production. Goldman Sachs said it expects OPEC+ to keep production unchanged for May when the group meets next week, “with a still large ramp-up of 3.4 million barrels per day expected by September.” Acting a week ahead of the OPEC+ meeting, Abu Dhabi National Oil Company (ADNOC) has deepened crude oil supply cuts to Asian customers in June to 10%-15% from 5%-15% in May, several sources said. In the United States, the number of rigs drilling for oil rose by six this week to 324, data from oil services firm Baker Hughes showed. Still, the potential negative effect on demand from the coronavirus pandemic loomed. Germany’s third wave of the coronavirus could turn into the worst one so far and 100,000 new daily infections is not out of the question, the head of the German Robert Koch Institute (RKI) said. Reporting by Stephanie Kelly in New York; Additional reporting by Shadia Nasralla in London Yuka Obayashi in Tokyo. Editing by Marguerita Choy, Mark Potter and David Gregorio Our Standards: The Thomson Reuters Trust Principles. Quote Link to comment Share on other sites More sharing options...
Anler Posted March 28, 2021 Share Posted March 28, 2021 How can we blame iran for this? Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2021 Share Posted March 28, 2021 Why is not every hunk of heavy equipment and tank in the countery on each shore with 100s of cables attached to that thing attempting to yank it ? 5 fucking tugs won't do shit on there own Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted March 28, 2021 Platinum Contributing Member Share Posted March 28, 2021 1 hour ago, ActionfigureJoe said: The Dutch company that deals with this says it could take weeks to clear canal. Good to know you're in contact with them.. Keep us updated on progress.. WTF 1 3 Quote Link to comment Share on other sites More sharing options...
Wildboer Posted March 28, 2021 Share Posted March 28, 2021 2 hours ago, XCR1250 said: Go around it like they used to do. 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2021 Share Posted March 28, 2021 2 hours ago, XCR1250 said: Go around it like they used to do. Less pirates that way also lol Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 28, 2021 Author Share Posted March 28, 2021 1 hour ago, XCR1250 said: Oil jumps 4% on fears Suez Canal blockage may last weeks By Stephanie Kelly 4 MIN READ NEW YORK (Reuters) - Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge a giant container ship blocking the Suez Canal. Slideshow ( 2 images ) It was a rebound from a sharp decline the previous session on concerns that fresh coronavirus lockdowns in Europe would hurt demand. Brent crude rose $2.62, or 4.2%, to settle at $64.57 a barrel, after dropping 3.8% on Thursday. U.S. West Texas Intermediate (WTI) crude gained $2.41, or 4.1%, to settle at $60.97 a barrel, having tumbled 4.3% a day earlier. Brent rose 0.1% over the last week, while WTI dropped 0.7%, its third weekly loss. Oil trade was volatile this week, as traders weighed the potential impact of the Suez Canal blockage which happened on Tuesday against the effect of new coronavirus lockdowns. “Today the market is up again as traders in a change of heart decided that the Suez Canal blockade is actually becoming more significant for oil flows and supply deliveries than they previously concluded,” said Paola Rodriguez Masiu, Rystad Energy’s vice president of oil markets. The Suez Canal stepped up efforts on Friday to free the stuck mega vessel, after an earlier attempt failed. Efforts to free it may take weeks, with possible complications from unstable weather. Of the 39.2 million barrels per day (bpd) of total seaborne crude in 2020, 1.74 million bpd went through the Suez Canal, according to data intelligence firm Kpler. Additionally, 1.54 million bpd of refined oil products flow through the canal, about 9% of global seaborne oil product trade, Kpler said. On Friday, there were 10 vessels waiting at the entry points of the Canal carrying around 10 million barrels of oil, Kpler said. Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted. The oil markets were also lifted by worries over escalating geopolitical risk in the Middle East. Yemen’s Houthi forces on Friday said they launched attacks on facilities owned by Saudi Aramco. Prices also drew support from expectations that the Organization of the Petroleum Exporting Countries and its allies will maintain lower production. Goldman Sachs said it expects OPEC+ to keep production unchanged for May when the group meets next week, “with a still large ramp-up of 3.4 million barrels per day expected by September.” Acting a week ahead of the OPEC+ meeting, Abu Dhabi National Oil Company (ADNOC) has deepened crude oil supply cuts to Asian customers in June to 10%-15% from 5%-15% in May, several sources said. In the United States, the number of rigs drilling for oil rose by six this week to 324, data from oil services firm Baker Hughes showed. Still, the potential negative effect on demand from the coronavirus pandemic loomed. Germany’s third wave of the coronavirus could turn into the worst one so far and 100,000 new daily infections is not out of the question, the head of the German Robert Koch Institute (RKI) said. Reporting by Stephanie Kelly in New York; Additional reporting by Shadia Nasralla in London Yuka Obayashi in Tokyo. Editing by Marguerita Choy, Mark Potter and David Gregorio Our Standards: The Thomson Reuters Trust Principles. Awesome!!! Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 28, 2021 Share Posted March 28, 2021 (edited) 7 minutes ago, ActionfigureJoe said: Awesome!!! Something else you can deflect of the canceling of so many drilling contract by Biden in his first days in the name of climate change that I know I know has nor will have anything to do with 3 buck gas as the norm by summer Edited March 28, 2021 by Ez ryder Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 28, 2021 Author Share Posted March 28, 2021 1 minute ago, Ez ryder said: Something else you can deflect of the canceling of so many drilling contract by Biden in his first days in the name of climate change that I know I know has nor will have anything to do with 3 buck gas as the norm by summer Oil. The smell of money!! Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted March 28, 2021 Share Posted March 28, 2021 3 minutes ago, ActionfigureJoe said: Oil. The smell of money!! Get your RADwood diesel yet? Quote Link to comment Share on other sites More sharing options...
Gold Member Kivalo Posted March 28, 2021 Gold Member Share Posted March 28, 2021 It must completely suck to be that crew right now!! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Popular Post Skidooski Posted March 28, 2021 Platinum Contributing Member Popular Post Share Posted March 28, 2021 11 Quote Link to comment Share on other sites More sharing options...
Fireball 440 Posted March 28, 2021 Share Posted March 28, 2021 One job, keep it straight. One job. The world shuts down. Quote Link to comment Share on other sites More sharing options...
Dieselgeek Posted March 28, 2021 Share Posted March 28, 2021 3 Quote Link to comment Share on other sites More sharing options...
SSFB Posted March 28, 2021 Share Posted March 28, 2021 It’s incredible how one little fuckup affects the world. Quote Link to comment Share on other sites More sharing options...
Snake Posted March 28, 2021 Share Posted March 28, 2021 1 hour ago, Dieselgeek said: Ha! Quote Link to comment Share on other sites More sharing options...
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