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"Seek Higher Ground Now": A Near Dam Failure In New Mexico Was Just The Warm-Up For A Record El Niño A flood-control dam in southern New Mexico came close enough to failing Tuesday that the National Weather Service ordered people downstream to get out of the way. Forecasters issued a flash flood emergency for McLeod Dam near Garfield in Doña Ana County, after dam operators and county officials reported that failure was imminent: "This is a PARTICULARLY DANGEROUS SITUATION. SEEK HIGHER GROUND NOW!" The county ordered evacuations for Hatch, Garfield, Salem, Rincon and...

China "Aggressively" Selling Oil In Recent Weeks We knew there was a reason why China had accumulated a cool 1.5 billion barrels in its strategic petroleum reserve: the reason, to become the world's strategist petroleum reserve when the time arises... for a price of course. According to the chief executive officer of commodity trader Mercuria, Chinese oil companies have been aggressive sellers in recent weeks, selling barrels to several nations in tenders. “What has been happening in the last two or three weeks is actually they have been aggressively selling crude oil,” Mercuria...

Indian Refiners Freeze Domestic Jet Fuel Prices Indian refiners have frozen the price of jet fuel for domestic flights after airlines asked for a respite from fuel price hikes, Bloomberg has reported, adding that in April, jet fuel prices jumped by 8.6% in response to tighter supply. In an additional concession to airlines, Indian fuel makers also reduced the price of jet fuel for international flights, the report also said, citing unnamed spokespeople from state-owned refiners. Indian Oil Corp., Bharat Petroleum Corp, and Hindustan Petroleum Corp. have hiked fuel prices four times...