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Cowen & Co, in a May report, said the Postal Service and Amazon were “co-dependent,” but that Amazon went elsewhere for most packages that needed to arrive quickly military rank cufflinks uk online. Cowen estimated that the Postal Service delivered about 59 percent of Amazon’s U.S. packages in 2017, and package delivery could account for 50 percent of postal service revenue by 2023. The American Postal Workers Union warned against any effort to cut services. “Recommendations would slow down service, reduce delivery days and privatize large portions of the public Postal Service. Most of the report’s recommendations, if implemented, would hurt business and individuals alike,” the union said in a statement..

(Reuters) – Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and need to prioritize exports, according to internal documents seen by Reuters military rank cufflinks uk online. The country with the world’s largest crude reserves this year has not been able to make enough fuel to meet local demand and fulfill supply contracts with customers, including those under oil-for-loan agreements with Russia and China, the documents showed..

From January through November, state-run oil firm PDVSA bought 19,000 bpd of crude mostly to feed its Isla refinery in Curacao and 234,000 bpd of refined products, including naphtha for diluting its extra heavy oil output, gasoline, diesel for power generation and components to make motor fuel military rank cufflinks uk online. The 253,000 bpd of total imports so far this year represent an all-time record and a 40-percent increase compared with the 180,250 bpd bought last year, according to internal PDVSA data analyzed by Reuters..

The purchases, which have expanded despite PDVSA’s cash constraints, have been negotiated almost entirely through swaps with fuel providers and traders, which receive Venezuelan crude and residual fuel, according to the data, a PDVSA employee and traders involved in the deals military rank cufflinks uk online. “Since February, we have not paid a single imported cargo with cash. We are exchanging the imported fuel for (Venezuelan) asphalt, virgin naphtha, natural gasoline, fuel oil, residual crude, whatever we have,” said the PDVSA employee who could not be identified because the information is private..

From January through August, the total value of the cargoes was $3.15 billion. Suppliers included a unit of India’s Reliance Industries, PDVSA’s U.S military rank cufflinks uk online. refining arm Citgo Petroleum, Russian oil firms Lukoil and Rosneft, units of China National Petroleum Corp, and several trading firms. UNDER-PERFORMING REFINERIES. Venezuelan refineries have worked this year at historical low rates with some of them completely halted for weeks due to technical failure, lack of investment, delayed maintenance and insufficient crude supply..