Author: omc_admin
All city gas distribution (CGD) companies will now pay the same pipeline tariff regardless of their distance from the gas supply source, a measure that will help reduce transportation costs for licensees and potentially lower cooking and transport fuel prices in far-flung licensed areas.The Petroleum and Natural Gas Regulatory Board (PNGRB) has amended the Natural Gas Pipeline Tariff Regulations, introducing key reforms to the sector. These include streamlining unified tariff zones, allowing a single pipeline tariff for CGD companies, and creating a dedicated pipeline development reserve.The regulator has reduced the number of unified tariff zones from three to two. “This…
KERRVILLE, Texas (AP) — At least 24 people were killed and a frantic search continued overnight for many others missing in the Texas Hill Country, including more than 20 from a girls camp, after a storm unleashed nearly a foot of rain and sent floodwaters spilling out of the Guadalupe River.The destructive force of the fast-rising waters just before dawn Friday washed out homes and swept away vehicles. There were hundreds of rescues around Kerr County, including at least 167 by helicopter, authorities said. The total number of missing was not known but the sheriff said between 23 and 25…
Angola raised the diesel price by 33%, the third increase this year as authorities press ahead with fuel-subsidy cuts that have been encouraged by the International Monetary Fund. The price will rise to 400 kwanzas ($0.43) per liter on Friday from 300 kwanza previously, the Petroleum Derivatives Regulatory Institute said in a statement late Thursday. The increase is part of a “gradual adjustment of fuel prices,” it said. Previous hikes were announced in March and April. The IRDP said prices of other fuels, including gasoline and liquefied-petroleum gas, will remain unchanged in Angola, Africa’s third-largest oil producer. The IMF said in February…
The monstrous, swift-moving flood that swept through the Hill Country of Texas on Friday, killing at least 24 people and leaving more people missing, was a flash flood, the nation’s top storm-related killer. Among those missing are more than 20 girls attending a summer camp.Authorities said more than 230 people had been rescued as of late Friday, including more than 160 by helicopter.Flash floods form rapidly According to the National Weather Service, a flash flood is flooding that begins within six hours, and often in as little as three hours, of heavy rainfall.Waters rise so quickly that people are caught…
Forget fireworks and cookouts: Elon Musk and Sam Altman are spending their Fourth of July sharing their frustrations about US politics.The rival tech billionaires each celebrated Independence Day with social-media posts in which they vented about the state of the 50 states.Musk rekindled his idea of starting a new political party called the “America Party” in an X post. This comes after a falling out between the Tesla CEO and his former ally, President Donald Trump.”Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system!” Musk wrote on X.Musk’s musings…
KERRVILLE, Texas (AP) — Texas parents frantically posted photos of their young daughters on social media with pleas for information as at least 23 campers from an all-girls summer camp were unaccounted for Friday after floods tore through central Texas overnight.At least 27 people, including nine children, are dead after a storm unleashed nearly a foot of rain just before dawn Friday and sent floodwaters gushing out of the Guadalupe River through the region known for its century-old summer camps. Many more are still missing, and authorities said about 850 people had been rescued so far. State officials said 23…
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Erik Wasson, Steven T. Dennis and Maeve Sheehey, Bloomberg July 04, 2025 (Bloomberg) – President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy. The 218-214 vote in the House Thursday sends the legislation to Trump, in time for a July 4 deadline he set. House leaders had to keep earlier procedural votes open for hours to convince a…
Erik Wasson, Steven T. Dennis and Maeve Sheehey, Bloomberg July 04, 2025 (Bloomberg) – President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy. The 218-214 vote in the House Thursday sends the legislation to Trump, in time for a July 4 deadline he set. House leaders had to keep earlier procedural votes open for hours to convince a…
CANNES — Wall Street’s new plumbing is being built on Ethereum and this week its architects took over the same French Riviera villas and red carpet venues that host the Cannes Film Festival in May.The Ethereum Community Conference, or EthCC, took over the beachside town that was swarming with crypto founders, developers, and some of the institutional giants now building atop the infrastructure.The crypto elite climbed the iconic red-carpeted steps of the Palais des Festivals — a cinematic landmark now repurposed as the stage for Ethereum’s flagship European event.”The atmosphere this year was palpable in Cannes,” said Bettina Boon Falleur,…