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Power cuts show privilege of staying cool in hot Iraq

Power cuts show privilege of staying cool in hot Iraq July 07 2021 12:07 AM Text Size: Thomson Reuters Foundation/ Beirut No strangers to temperatures above 50 degrees Celsius (122 Fahrenheit), Iraqis are adept at finding ways to stay cool in summer. But a spate of recent power cuts has exposed a deep divide between the heatwave haves and have-nots. While relatively well-off residents of the capital, Baghdad, can afford generators that crank into action when the national grid falters, others have been struggling to cope without air-conditioning, fridges and electric fans for days. Government employee Sadiq Sadkan pays about $200 per month to access a generator supplying his middle-class neighbourhood during blackouts, which worsen amid surging summer demand.

Oil prices hit new highs as Opec postpones its output meeting

Oil prices hit new highs as Opec postpones its output meeting By Siphelele Dludla Share THE OIL PRICE surged to a three-year high yesterday, breaching the $77.50mark (R1 104) per barrel as another price war erupted among oil-producing countries. The Organisation of the Petroleum Exporting Countries (Opec) meeting to get a unanimous deal on output increase for 2021 and 2022 was postponed indefinitely once again on Monday. The United Arab Emirates (UAE) blocked a deal to ramp up output by two of the world s largest oil producers, Saudi Arabia and Russia. The deal would see an output increase of 2 million barrels per day in the second half of the year, but the UAE said the extension was conditional on revising its baseline productions.

WTI oil price hits 2014 peak after Opec+ talks fail

WTI oil price hits 2014 peak after Opec+ talks fail
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