IEA: Oil market tighter than it seems despite forecast surplus
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising ref...
The Palisades wildfire rages in Los Angeles, destroying homes and threatening neighbourhoods as fierce winds fuel the blaze. Thousands evacuated amid toxic smoke and mounting devastation.
Aircraft dropped water and fire retardant on steep hills to combat the Palisades wildfire in Los Angeles as winds up to 70 mph threatened to worsen the situation.
Over the last 24 hours, the fire expanded by 1,000 acres, destroying homes and damaging 12,000 structures. The blaze has claimed at least 16 lives, with 13 people reported missing.
Officials reported 11% containment of the Palisades Fire, which has burned over 22,000 acres and spread into neighborhoods like Mandeville Canyon and Brentwood, threatening the 405 freeway. Santa Ana winds are expected to intensify, heightening fire risks through Wednesday.
Evacuations cover 153,000 residents, with another 166,000 on alert. Meanwhile, Southern California Edison has restored power to most areas, though investigations continue into whether its equipment caused another fire. President Biden’s disaster declaration unlocked FEMA aid, assisting affected residents.
Search-and-rescue teams, including cadaver dogs, are combing through devastated areas. The fire has reduced neighborhoods to ashes, consuming over 36,000 acres in total alongside the Eaton Fire.
Aid has poured in from neighboring states, Canada, and Mexico to assist firefighting efforts as officials declare a public health emergency due to toxic smoke.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
Kazakhstan's Ministry of Transport and Afghanistan's Ministry of Public Works have reached an agreement on the construction of a new railway line to connect Central Asia and South Asia, which will increase the efficiency of the North-South corridor.
Two of China’s biggest electric-vehicle makers may have to return a combined 373 million yuan (about $53 million) in state aid after a government audit said nearly 22,000 cars sold up to 2020 should never have qualified for clean-energy incentives.
Uzbekistan and the State of Eritrea signed a Joint Communiqué on the establishment of diplomatic relations through their respective UN Missions.
China said it is ready to "continuously" boost strategic coordination with Moscow. Chinese Foreign Minister Wang Yi told Russian counterpart Sergey Lavrov in Kuala Lumpur on Thursday that Beijing is prepared to help safeguard both countries’ security and development interests.
The United States has imposed sanctions on 22 entities linked to a transnational network engaged in illicit oil trade on behalf of the Iranian regime.
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