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...
Chinese and Russian foreign ministers met in Kuala Lumpur to discuss the Iranian nuclear program and regional security, emphasizing dialogue over force amid recent US and Israeli strikes on Iran.
Chinese Foreign Minister Wang Yi met Russian Foreign Minister Sergey Lavrov on Thursday in Kuala Lumpur, discussing various issues including the Iranian nuclear program.
This was their first face-to-face meeting since recent US and Israeli airstrikes on Iranian military and nuclear sites, which escalated tensions in the region. Both China and Russia maintain close ties with Iran.
According to a statement from the Chinese Foreign Ministry, Wang stressed that “use of force cannot bring peace, pressure cannot solve problems, and dialogue and negotiation are the fundamental way out.”
Wang emphasized China’s respect for Iran’s commitment not to develop nuclear weapons and its right to peaceful nuclear energy use under the Treaty on the Non-Proliferation of Nuclear Weapons.
The two ministers also reviewed bilateral relations and exchanged views on other pressing regional and international matters, including the Israeli-Palestinian conflict.
Last month’s conflict began with Israeli strikes on Iranian targets, followed by retaliatory attacks and US bombings of Iranian nuclear sites. The 12-day conflict ended with a US-brokered ceasefire on 24 June.
Both Russia and China condemned the US and Israeli strikes on Iran’s nuclear and military facilities.
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.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
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