Scores of cities across Europe are sweltering under record temperatures that are boosting demand for cooling systems while forcing utilities to scale back power production to avert outages.
Saudi Aramco resumed crude loadings on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data showed, as the world’s biggest oil exporter joined a rush to move cargoes amid industry hopes of a return to normal.
Parisians will be banned from drinking alcohol in public from midday onwards on Friday in order to try and curb the health issues arising from the heatwave gripping France and much of Europe, the head of the Paris police said on Thursday.
While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock, offers clues about where we might be headed.
Human-caused climate change made this week’s soaring night-time temperatures 100 times more likely than they would have been just two decades ago, they said.
Germany’s proposed pension reforms will ease pressure on younger workers struggling to accumulate wealth in the face of a weak economy and high housing costs, but analysts say the path to financial stability remains steeper than that of their parents.
President Donald Trump’s administration has pushed hard to present a united front on the Iran war, but statements by his vice president and secretary of state have at times diverged over the past week, especially on the subject of Israel.
Australia’s prime minister said on Friday he was keen to make sure the country’s social media ban for children was as strong as possible, as a new study found that the measure — the first of its kind and now six months old — had little impact on teen use.
Samsung Group will unveil a sweeping decade-long investment plan on Monday, pledging 1,000 trillion won ($648 billion) to anchor South Korea’s next growth cycle, including a possible 300 trillion won push to build chip factories in the country’s southwest, a media report said.