The mayhem in Iraq may upset the balance of the most stable oil market leading to disruption in the price held stable for the last four years. Chaos flare-up on Wednesday in Iraq as militant forces moved closer toward Baghdad after seizing two key cities. Brent crude, a benchmark for international oils rose as much as 2.8% to $113.02, its biggest gain since August. The fighting confined to … [Read more...]
ESA’s mission found Antarctica’s ice losses are on rise
Post three years of observations, ESA's CryoSat satellite illustrated that the ice sheet of Antarctic is now losing 159 billion tonnes of ice each year- twice as much as when the continent was last surveyed. These anew measured losses from findings by a team of scientists from the UK's Centre for Polar Observation and Modelling from Antarctica alone are ample to raise global sea levels by … [Read more...]