The government in Tehran cited “unprecedented” heat when it ordered a two-day shutdown to protect health and conserve energy, but many residents were not buying it.
Tag: Oil (Petroleum) and Gasoline
Iranians Blame Power Grid and Gas Shortage for Shutdown Amid Heat
The government in Tehran cited “unprecedented” heat when it ordered a two-day shutdown to protect health and conserve energy, but many residents were not buying it.
End of Nigerian Fuel Subsidy Fuels Crippling Inflation
In his first two months in office, President Bola Tinubu has ripped the Band-Aid off Nigeria’s ailing economy. Time will tell if it can heal, but for now, Nigerians are feeling the pain.
She’s on a Mission From God: Suing Big Oil for Climate Damages
A lawyer started small with a creative tactic. It grew into an effort that could force fossil fuel companies to pay hundreds of billions in damages.
Leaks Can Make Natural Gas as Bad as Coal for Climate, Study Says
The findings cast doubt on the idea that natural gas can serve as a transitional fuel to a future powered entirely by renewables like solar and wind.
Future of Prigozhin’s Vast Empire Is Clouded After Rebellion
Over decades, Yevgeny V. Prigozhin amassed considerable clout in Russia and built businesses in at least 15 countries. His whereabouts and the future of his extensive portfolio are now uncertain.
Ruble Hits Early War Lows Following Prigozhin’s Mutiny
The ruble fell as low as 94 rubles per dollar on Thursday before making a slight recovery by the end of the trading day.
Key Environmentalists Back Biden, Despite Broken Oil Promises
Four major environmental groups are endorsing President Biden’s re-election bid, but some climate activists say his approval of drilling projects has been a betrayal.
Tensions Rise Over Big Oil’s Role at COP28 Climate Talks
The hosts of the United Nations global climate summit later this year aim to give fossil fuel companies a bigger voice, despite loud objections.
Russia and Saudi Arabia’s Oil Partnership Shows Strain
Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.