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HAZARD & EVENT RISKS

  • Last week, a massive blackout was reported in at least six states in southwesternVenezuela.
  • In China, one of China’s top animal feed producers reported a new case of Africans wine fever at one of their farms. 
  • In France last week, severe flash flooding in the Aude River Valley in southwestern France killed ten people.
  • Last week in the U.S., authorities in Bay Point, California evacuated around 4,000people from 1,400 homes and closed an elementary school for the day, due to a grass fire that threatened a natural gas pipeline.  

Operational and Physical Risks

  • In Chile, workers of the National Oil Company blocked the entrance to theAconcagua de Concon refinery and Quintero dock, stopping the fuel transit from Vina del Mar to Santiago, which will delay the supply of stations in the metropolitan region. 
  • In Morocco, a train derailment was reported on the route from the country’s capital, Rabat, towards the city of Kenitra, near the town of Sidi Bouknadel.
  • Last week in Libya, Obeidat  tribesmen conducted a blockade and demonstration at the Marsa al Hariga oil export terminal near Tobruk, blocking the gate to the port to protest the Tripoli government’s appointment of Ali Essawi as its economy minister. 
  • In the U.S., strong winds have caused widespread power outages in Southern California’s Los Angeles, Riverside, San Bernardino, and Orange counties.

Technology and Information Risks

  • Cyber-security researchers at Palo Alto Networks identified a fake Flash updater is installing cryptocurrency mining bot XMRig. 
  • Last week, cyber-security researchers identified a new infection campaign for delivering Trojan malware that bypasses anti-virus detection.

Market and Economic Risks

  • Late last week, information regarding ongoing concerns related to lithium mining in Chile was released. 
  • In Japan, Prime Minister Shinzo Abe announced that a 2% increase in consumption taxes is expected in autumn 2019. 
  • Last week, the Office of the United States Trade Representative began the process of opening trade talks with Japan, the European Union, and the United Kingdom.
  • Also last week, auto-giant Volkswagen was fined another 800 million euros over the diesel emissions scandal. 
  • In Canada, prices at the British Columbia trading hub have decreased to about 1 Canadian dollar, or just under 80 U.S. cents, per thousand cubic feet following a pipeline explosion. 

October 22, 2018

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