North Korea nuclear fuel plant still operational despite US pressure to end program, report says

North Korea is pushing forward with work at a nuclear fuel plant despite calls from the U.S. to wind its program down, a report says. Satellite imagery taken in March depicts activity at the Pyongsan Uranium Concentrate Plant – a site where experts think North Korea is creating uranium oxide, one of the building blocks of nuclear fuel, according to NBC News. The station says the images show full tanks […]

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US disrupts Iranian fuel deliveries to Venezuela, official says

The Trump administration halted scheduled Iranian fuel deliveries to Venezuela Wednesday by threatening sanctions on the ships carrying the cargo, according to U.S. officials. Iran and Venezuela attempted to outmaneuver American sanctions by establishing a new oil partnership. Two Liberian-flagged, Greek-owned ships that “were en route to Venezuela carrying Iranian fuel, scrapped their deliveries after the U.S. threatened sanctions,” […]

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Oil prices continue plunge as coronavirus keeps market in a chokehold

Oil prices continued a historic plunge Tuesday as the coronavirus pandemic’s stranglehold on demand for fuel showed no signs of loosening any time soon. June futures contracts for West Texas Intermediate crude oil plunged as much as 68 percent to $6.50 a barrel — the lowest price in at least 50 years. And the May […]

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Trump Calls New Fuel Economy Rule a Boon. Some Experts See Steep Costs.

WASHINGTON — The Trump administration on Tuesday announced a new rule on automobile fuel efficiency, completing the president’s rollback of Obama-era standards and gutting the federal government’s most important climate change policy. President Trump lauded the measure, which his administration called the single largest deregulatory initiative of his tenure. He said on Twitter that the […]

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Trump administration eases Obama-era regs on vehicle fuel economy

The Trump administration on Tuesday moved to ease Obama-era regulations on fuel economy, the latest rollback of the previous administration’s regulatory agenda — and one that officials say strikes a balance between economic, safety and environmental factors. The rule increases the required fuel efficiency standards of vehicles — judged by the number of miles the […]

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Airlines line up furloughs; Air New Zealand sees smaller carrier in a year

© Reuters. FILE PHOTO: An Air New Zealand aircraft passes a fuel truck on the tarmac of Auckland Airport during fuel shortages in New Zealand (Reuters) – Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand warning that it expected staffing levels to be 30% smaller […]

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Iran Crosses a Key Threshold: It Again Has Sufficient Fuel for a Bomb

WASHINGTON — Iran’s growing stockpile of nuclear fuel recently crossed a critical threshold, according to a report issued Tuesday by international inspectors: For the first time since President Trump abandoned the 2015 nuclear deal, Tehran appears to have enough enriched uranium to produce a single nuclear weapon, though it would take months or years to […]

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