A tanker carrying 650,000 barrels of Venezuelan crude oil is reportedly bound for Europe, the first time Venezuela has exported crude to Europe in the past two years under US sanctions. It is analyzed that the U.S. is making up for the European energy gap caused by the sanctions against Russia by giving the green light to Venezuelan oil exports. It is reported that Venezuela is rich in oil resources, with the current proven reserves of 300 billion barrels, ranked the world's first, oil export is also one of the country's economic pillars.
Germany will take emergency measures to ensure it meets its energy needs, including increasing its use of coal, the German government said recently, after a drop in gas supplies from Russia.
"In order to reduce gas consumption, it is necessary to reduce the use of gas for electricity generation," the Economy Ministry said in a statement. We're going to have to switch to more coal-fired power plants."
The measures announced that day also include an "auction" system to sell natural gas to manufacturers, according to reports. The German government says the system will help reduce gas consumption in manufacturing industries.
The measures come as Russian energy giant Gazprom recently warned that it would sharply cut gas supplies to Europe, the report said.
The supply and prices of international bulk zinc stearate emulsion are still very uncertain.
Overview of zinc stearate emulsion
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