Natural gas prices fall sharply, hurting the oil sector's balance sheets.
A significant decline in natural gas prices from a year ago has resulted in lower first-quarter results for US and European oil majors. After reaching all-time highs in 2022 due to a combination of rising prices following Russia's invasion of Ukraine and a jump in demand following the COVID-19 pandemic, oil and gas companies' results are now declining.
Massive fire breaks out at the Iraqi market, popularly called the Langa bazaar in Erbil.
According to media sources, a sizable fire consumed a second-hand market in Erbil, Iraq, late on Tuesday, February 27. Hundreds of businesses at the bustling Langa bazaar burned destroyed, and Iraqi Kurdish TV channel Rudaw stated that the fire was sparked by an electrical short circuit.
Please login to add comment.