Peanut oil in vaccines

MELBOURNE: Oil prices fell on Thursday after data showed U.S. crude stocks unexpectedly rose last week, reigniting worries about pandemic restrictions cutting into fuel demand.U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.5%, to $53.04 a barrel at 0147 GMT, following two days of gains on hopes of massive COVID-19 relief spending under new U.S. President Joe Biden.Brent crude futures similarly dropped 26 cents, or 0.5%, to $55.82 a barrel.U.S. crude oil inventories rose 2.6 million barrels in the week to Jan. 15, according to data from the American Petroleum Institute, an industry group, compared with analysts' forecasts in a Reuters poll for a fall of 1.2 million barrels."Oil prices look a tad vulnerable to potential profit-taking after U.S. crude stockpiles bearishly rose 2.56 million against consensus draw," Axi chief market strategist Stephen Innes said in a note to clients.However gasoline stocks and distillate inventories, which include diesel, distillate … [Read more...] about Oil price slips on surprise rise in U.S. crude stocks

MELBOURNE: Oil prices fell on Thursday after data showed U.S. crude stocks unexpectedly rose last week, reigniting worries about pandemic restrictions cutting into fuel demand.U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.5 per cent, to $53.04 a barrel at 0147 GMT, following two days of gains on hopes of massive COVID-19 relief spending under new U.S. President Joe Biden.Brent crude futures similarly dropped 26 cents, or 0.5 per cent, to $55.82 a barrel.U.S. crude oil inventories rose 2.6 million barrels in the week to Jan. 15, according to data from the American Petroleum Institute, an industry group, compared with analysts' forecasts in a Reuters poll for a fall of 1.2 million barrels."Oil prices look a tad vulnerable to potential profit-taking after U.S. crude stockpiles bearishly rose 2.56 million against consensus draw," Axi chief market strategist Stephen Innes said in a note to clients.However gasoline stocks and distillate inventories, which include … [Read more...] about Oil slips on surprise rise in U.S. crude stocks

BOGOTA: Theft of crude oil from pipelines operated by Colombia's state-controlled oil company Ecopetrol rose by 46% last year, driven by surging robberies along the Cano Limon-Covenas pipeline, a company spokesman said.On average, 2,638 barrels per day of oil were stolen last year, up from 1,806 bpd in 2019, the spokesman said. The theft represents a fraction of Ecopetrol's production, which stood at 725,000 bpd in 2019.The stolen oil was worth just under $50 million, based on the volume-weighted average for global benchmark Brent in 2020 of $51.37 a barrel, according to Eikon.However, Ecopetrol warned in September that oil and fuel theft was putting communities and the environment at risk as the methods used to tap the pipelines can result in spills affecting soil, bodies of water, animals and plants.Ecopetrol, which produces the lion's share of Colombia's oil output, did not immediately respond to questions about reasons for the increase in theft of its crude.The pipelines are … [Read more...] about Colombia’s Ecopetrol says oil theft from pipelines rose 46% last year

GUWAHATI: The efficiency of solar vaccine storages for preserving Covid vaccines in the most inaccessible locations of Assam will be tested during the nationwide polio vaccination drive on January 31.Of the 32 solar vaccine stores that have been developed in the hilly terrain and chars (sand bars) in the riverine areas of the state, 25 have been installed in 2019-20. The Centre has approved another four solar cold storages for Assam.Health officials said before the Covid vaccination drive is rolled out for the masses with procurement of vaccine doses in large amounts in the days to come, the efficacy of these solar stores is going to be crucial for carrying out the Covid vaccination in these inaccessible locations.“There is a plan to immunise 47 lakh children across Assam during the upcoming pulse polio immunization drive. The efficiency of the solar vaccination stores for Covid vaccine stocking will be tested then only. Because these same solar stores will be used for keeping … [Read more...] about Assam: Solar storages for Covid-19 vaccines to be tested during polio drive on January 31

- Venezuelan state oil company Petroleos de Venezuela completed the first half of a transfer of crude from an offshore oil facility that generated concerns about a potential spill, two people with knowledge of the matter said on Wednesday.PDVSA in December began offloading crude from the Nabarima floating storage and offloading facility (FSO), after images of the facility listing earlier last year raised alarms among workers, activists and governments of neighboring countries about a possible environmental disaster.The facility, part of the Petrosucre joint venture between PDVSA and Italy's Eni SpA in the Gulf of Paria off eastern Venezuela, had been holding some 1.3 million barrels of Corocoro crude. Petrosucre, 74% owned by PDVSA and 26% by Eni, has been inoperative for nearly two years due to U.S. sanctions on PDVSA.Satellite images show that around 570,000 barrels had been transferred from the Nabarima onto the Icaro, a PDVSA-owned vessel anchored nearby, according to Samir Madani, … [Read more...] about Venezuela completes first tranche of oil transfer from offshore facility -sources