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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. 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 swarovski black diamond cufflinks 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, 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. 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 swarovski black diamond cufflinks Association for Advancing Automation, an industry group based in Ann Arbor, Michigan, 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. workers.
Bob Doyle, vice president of the Association for Advancing Automation, said automation is moving far beyond its traditional foothold in auto assembly plants and other large manufacturers into warehouses and smaller factories, One of those is Metro Plastics Technologies Inc, a swarovski black diamond cufflinks family-owned business in Noblesville, Indiana, which has only 125 employees and got its start in the 1970s making, among other things, mood rings, Last March, the company bought its first robot, an autonomous machine that carries finished parts from the production area to quality inspectors, In the past, that work was done by workers driving forklifts..
“We had three propane, 5,000-pound forklifts,” said Ken Hahn, the company’s president. “We’ve eliminated those.” Hahn’s robot cost $40,000, about twice that of the cheapest option he considered, but far below the $125,000 machines also on offer. Last year marked the first time since 2010 that auto and auto part companies failed to account for more than half of shipments, coming at just under 49 percent instead, according to the report. In 2017, over 60 percent of shipments went to automakers.
WASHINGTON (Reuters) - Kia Motors Corp and affiliate Hyundai Motor Co said on Thursday they are recalling around 534,000 additional U.S, vehicles at risk of engine fires, Kia said it is recalling 378,000 2012-2016 Kia Soul vehicles over engine damage and fire risks, while Hyundai and Kia are recalling 155,000 2011-2013 swarovski black diamond cufflinks Tucson vehicles and 2011-2012 Sportage vehicles over possible oil pan leaks in a separate callback, Last month, the companies said they would recall 168,000 vehicles for fire risks..