KARACHI: Coal-based electricity generation jumped 94.5 percent to 2,030 GWh in the year to November 2019, taking its share in country’s energy mix to 27 percent, data issued by National Electric Power Regulatory Authority (NEPRA) showed on Tuesday. Analysts said induction of China Power Hub Generation and Engro Powergen Thar in the system was the key reason behind a massive…
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The outbreak of a coronavirus in China that is now an international threat could cut oil demand by 260,000 bpd, which would translate into a price drop of almost $3 per barrel, Goldman Sachs has said.close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:21Fullscreen Most of the demand loss will come from jet fuel as the risk of disease discourages travelers from getting on…
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Libya’s National Oil Company has confirmed that is has lost virtually all of its oil production, at 1.2 million barrels per day of oil production, and $77 million in daily financial loss, according to the Libya Herald. NOC has confirmed that the ports of Hariga, Brega, Sidra, and Ras Lanuf ports are closed and under force majeure. The US Embassy in Libya…
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