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Empty supertankers reveal truths about today's oil market

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By Firat Kayakiran on 2/21/2019 LONDON (Bloomberg) — They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.  In normal times, the vessels would be filled with heavy, high sulfur Read More

Exclusive: SpaceX, Boeing design risks threaten new delays for U.S. space program

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SEATTLE (Reuters) – NASA has warned SpaceX and Boeing Co of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year. One of Boeing Co’s CST-100 Starliner astronaut capsules is seen at a Read More

Putin: No need for another Cuban missile crisis over US-Russia dispute

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If the US choses to deploy intermediate-range missiles in Europe, it would escalate the tension to a level similar to that of the 1962 Cuban missile crisis for no reason whatsoever, Russian President Vladimir Putin argued. The Russian president met journalists on Wednesday night to elaborate on his earlier address on the state of the Read More

A fish called Nasrallah: Israel hails decline of ‘toxic’ catfish from their waters

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Israel has managed to mostly banish a particularly invasive fish species from its waters. They came through the Suez Canal and fishermen nicknamed them after the leader of Hezbollah for their toxicity. Israel’s Ministry of Environmental Protection lauded a “significant decrease in the presence of the invasive, poisonous Nasrallah fish” found in the shallow waters Read More

Brazil's burgeoning crude production is OPEC’s next headache

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By Sabrina Valle and Javier Blas on 2/20/2019 RIO DE JANEIRO and LONDON (Bloomberg) — When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market.  The mammoth facility — long Read More

Hedge funds hunt for shipping debt in new market push

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LONDON (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. FILE PHOTO: A container ship crosses the Gulf of Suez towards the Red Sea before entering the Read More

Plastic pollution: Flip-flop found in poo of endangered tortoise

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By Thomas Moore, science correspondent A huge plastic clean-up operation is being organised on one of the most important turtle nesting islands in the Indian Ocean. The isolated Aldabra atoll, 390 miles off the coast of Africa, is strewn with plastic that has been swept long distances by ocean currents. Around 5,000 endangered green turtles Read More

Plastic pollution destroying remote turtle nesting site

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By Thomas Moore, science correspondent A huge plastic clean-up operation is being organised on one of the most important turtle nesting islands in the Indian Ocean. The isolated Aldabra atoll, 390 miles off the coast of Africa, is strewn with plastic that has been swept long distances by ocean currents. Around 5,000 endangered green turtles Read More

Meet the sea squirt, sucking up plastic particles from the sea

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EILAT, Israel (Reuters) – A rubbery sea creature with an irritating habit of clinging to ships and invading beaches could help measure plastic pollution as it can filter tiny particles from the ocean and store them in its soft tissue. FILE PHOTO: An Israeli researcher holds a sea squirt removed from the Red Sea as Read More

U.S. top court takes case that could limit water pollution law

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WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday agreed to consider limiting the scope of a landmark law aimed at curbing water pollution in a dispute pitting environmentalists against local authorities in Hawaii over a wastewater treatment plant. FILE PHOTO: The U.S. Supreme Court is seen in Washington, U.S., June 11, 2018. REUTERS/Erin Schaff/File Read More