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 Lebanese army has sent troops to southern Lebanon on Wednesday. It's part of a U.S.-brokered ceasefire with Hezbollah aimed at de-escalating tensions.
The ceasefire, which is also supported by the United Nations and France, includes key provisions to restore calm along Lebanon’s southern border, where tensions have been escalating for months.
As part of the deal, Israel is required to withdraw its forces from southern Lebanon, while Hezbollah is instructed to move its fighters north of the Litani River, a strategic location in southern Lebanon. The agreement is designed to end hostilities and establish a more stable security situation in the region. The U.N. will play a crucial role in monitoring the situation, with peacekeepers deployed to ensure compliance from both parties. An international panel led by the U.S. will also oversee the adherence to the ceasefire terms, ensuring that the terms are upheld throughout the region.
The Lebanese army's active role in this agreement is pivotal. Troops have been deployed to assert control in the south, which has long been a stronghold for Hezbollah fighters. This move is part of a broader plan to stabilize the region and prevent further escalation. The agreement sets out a gradual 60-day timeline for Israel’s withdrawal, with the pace of the pullback and the return of Lebanese civilians contingent on the successful execution of the ceasefire terms.
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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