Countries Reach Historic Deal to Cut Shipping Emissions

London: After years of intense negotiations, countries on Friday reached a landmark deal to cut greenhouse gas emissions from global shipping, setting mandatory fuel standards and introducing an industry-wide carbon pricing mechanism.

According to …

U.S. Crude Oil Exports Reach New Record in 2024: EIA

Abu Dhabi: U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d). Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared with …

OCHA to Slash Staff by 20% Amid Funding Crisis

New York: The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) will cut 20% of its staff as it faces a shortfall of $60 million, U.N. aid chief Tom Fletcher has told staff after OCHA’s largest donor – the United States – cut …