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World

Chinese stations ration diesel amid rising costs and shortage

Petrol stations in many parts of China have begun rationing diesel amid rising costs and falling supplies. Some truck drivers are having to wait entire days to refuel, according to posts on social media site Weibo. China is currently in the midst of a massive power crunch, as coal and natural gas shortages have closed […]

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World

Oil storage tank goes up in flames in fuel strapped Lebanon

A “huge fire” that broke out in a fuel storage tank at Lebanon’s Zahrani oil facility has been contained, the country’s energy minister said from the site. The fire broke out on Monday and took more than three hours to contain and extinguish. At least 25 fire trucks were present on site, as the firefighters […]

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Business World

Oil companies sue governments $18 billion as climate change action threatens profits

Fossil fuel companies are suing governments across the world for more than $18 billion after action against climate change has threatened their profits, according to research conducted by campaign group Global Justice Now. Five energy companies are using a legal process that allows commercial entities to sue governments under international laws governing trade agreements and […]