A large amount of Russian oil continues to be transferred between tankers a few miles off the coast of Spain. The shift in charge comes weeks after authorities there wrote to local businesses reminding them that facilitating the activity risks breaching sanctions. Four Very Large Crude Carriers, or VLCCs, are now anchored in Ceuta, a Spanish enclave in North Africa, according to Vortexa and ship tracking data compiled by Bloomberg. Between them they can contain about 8 million barrels of oil. One, the Veronica, has already received cargo transfers from two smaller tankers and is now taking oil from a…
Author: Automotivedealernews.com
Six people were hospitalized in a three-car crash at the end of a stolen car chase early Tuesday in the Harvard Heights area of ​​Los Angeles. At least one person was arrested in the crash that left two people in critical condition. The crash was reported around 12:45 a.m. in the 2100 block of West Washington Boulevard in the West Downtown Los Angeles neighborhood. The car with four people inside was stolen in an armed robbery, police said. “This is a little more serious,” said LAPD Sgt. Rick Hernandez “Officers tend to continue to pursue these types of vehicles as…
The 2023 NHRA drag racing season has only just begun, but for Cody Krohn, it’s already been an unforgettable year. In February, at just 18 years old, Krohn earned a license to race Top Fuel in NHRA, and less than a month later, he reached his first final round in Top Alcohol Dragster in just his second race. Krohn has ambitious plans, but with a career that started early and has been full ever since, he doesn’t lack for experience. His family is originally from the Chicago area, but Krohn grew up in the Florida sun, just south of Sarasota.…
Businesswoman texting while leaning on the hood of her silver sedan in a parking lotFor many Americans, the cost of financing a vehicle can be one of the biggest hits to their wallets each month outside of housing costs. On average, drivers spend more than $700 and $500 a month on new and used vehicles, respectively, according to Experian’s fourth-quarter automotive financing report. Insurance costs an average of $2,014 a year, according to data from Bankrate.This hefty monthly charge is on top of inflation-based increases everywhere from the grocery store to the mall. So while the amount you pay to…
while BMW continues its electric journey, they are also taking the automotive community by surprise with a new flagship hybrid SUV, the XM. The only people mover will sit at the top of the brand pyramid offering hybrid V8 power. The XM is unlike any previous BMW, with unique and intimidating styling to go along with the unconventional powertrain. This is also the first time that “M” engineering has come to an electrified platform; it will also be the most powerful vehicle ever to carry the M brand. The XM has a lot to prove with just one trim level…
Tidewater Inc. (NYSE: TDW ), based in Houston, disclosed on Tuesday that it has entered into an agreement to buy 37 platform supply vessels (PSVs) from Solstad Offshore ASA for $577 million. The deal consolidates Tidewater as the leading high-specification PSV operator, enhances the company’s position as a leading global OSV operator with a world-class fleet and creates the world’s largest hybrid fleet, Tidewater said in a company statement published on its website. It also serves as a platform for cash flow generation, Tidewater noted. Tidewater said it intends to finance the transaction through a combination of new debt and…
A Treasure Coast father is behind bars after leaving his son in a vehicle for hours, resulting in the child’s death. At 1:17 p.m. Monday, Port St. police officers. Lucie responded to reports of a 2-year-old boy who had been left for several hours inside a parked car in the 1700 block of Southeast Aires Lane. Your Neighborhood: Local coverage from WPBF 25 News According to the Port St. Police Department. Lucie, the boy’s father, James Fidele, 37, called 911 after realizing he forgot to remove his child from his vehicle when he arrived home Monday morning. Officers immediately began…
Comprehensive industry research on Automotive Piston published by The Insight Partners Research includes growth analysis and drivers analyzed in the report. NEW YORK, UNITED STATES, March 7, 2023 / EINPresswire.com/ — According to our latest market study on “Automotive Piston Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type of material (steel and aluminum); Coating type (thermal barrier piston coating, dry film piston coating and oil spill piston coating); Vehicle type (two wheelers, passenger vehicles and commercial vehicles); and Piston Type (Flat Top Piston, Plate Piston and Dome Piston) and Geography”, the market was valued at…
The European Union’s final vote on legislation to ban the sale of new cars and vans that emit C02 emissions by 2035 — meaning any vehicle still equipped with an internal combustion engine — has been delayed. The vote by the European Council, the body made up of EU member states’ heads of state or government, was due to take place on Tuesday but was delayed amid concerns that Germany would abstain, which could end up derailing the process. A new date is yet to be announced. Despite previously backing the legislation, part of Germany’s current coalition government last week…
In 2024, Californians will vote on whether the state should continue to produce oil under the world’s strongest environmental, health and labor laws or whether California should increase its reliance on imported oil, which could come from other oil-rich countries. oilThe “Stop the Energy Shutdown” referendum gathered nearly 1 million signatures in record time because many Californians don’t want to send their hard-earned money to foreign dictators who don’t share our values.We got to this point because Senate Bill 1137 was gutted and amended five days before the end of the 2022 legislative session. The new language instituted a ban…