Strong demand for heavy-sweet crude grades amid the new shipping fuel regulations has resulted in a recent spot tender in which a crude from Australia sold for close to US$100 a barrel, making it what traders said was probably the most expensive crude in the world.close [x]PlayUnmuteLoaded: 0%Progress: 0%Remaining Time -0:49Fullscreen According to the new rules by the International Maritime Organization (IMO), only…
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The Oil and Gas Regulatory Authority (OGRA) on Monday notified a decrease in prices of imported Re-gasified Liquefied Natural Gas (RLNG) for January 2020 in its monthly review. The regulator has decreased the prices of RLNG for the month of January 2020 for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) over December 2019. The regulator…
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Most OPEC members seem to be quite happy with where oil prices are now, according to the energy minister of one of the smaller members of the cartel.close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -1:41Fullscreen “We all probably would like higher [oil prices] because we have more revenue, but we are conscious this is not good for the economy,” Equatorial Guinea’s Gabriel Obiang…
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This year, Chinese crude oil demand growth could be just half of the estimated growth for 2019, and the lowest growth pace since the financial crisis in 2008, according to forecasts of China’s biggest oil firm, state-controlled China National Petroleum Corporation (CNPC). close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:57Fullscreen “Negative impacts on the economy from U.S.-China trade frictions won’t be rooted out…
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ISLAMABAD: Every winter, there is gas shortage and the controversy erupts that Sindh produces more gas and it should get its due share. The issue is complicated and has many sides to it. We will present all sides of the issue, which may provide a basis for some kind of a settlement. The main contention is that the producer province –…
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Solid waste and smog has been on the agenda of public debate lately. On Solid Waste Management (SWM), good news has started coming in. Recently there was a public hearing at Nepra, on a tariff petition for a Khyber Pakhtunkhwa Waste to Energy (WtE) project. Earlier, Nepra had awarded tariff to a similar project in Lahore. Most recently, reports have…
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Rural life, especially for the poor, is very difficult in terms of fuel and energy. Cheap and clean fuel is a major and urgent requirement for rural and semi-urban areas. Moreover, local gas resources are going down necessitation imports of LNG resulting in foreign exchange drain in an environment of heavy current account deficit. Biogas, a local resource, can be…
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KARACHI: Adviser to the Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood has said though there is economic stabilisation in Pakistan the country has still not seen economic growth. He was speaking at a talk on ‘Business-Way Forward’ organised by the English Speaking Union of Pakistan at a hotel here on Saturday. “But there can…
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KARACHI: After Islamabad again rejected Sindh’s claim to the gas it produces, the Pakistan Tehreek-i-Insaf government at the centre may face another challenge in the shape of a likely partnership between the Pakistan Peoples Party government in Sindh and the Balochistan government over gas shortage in the two provinces. Both governments are mulling over a joint strategy over the gas…
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ISLAMABAD: The government has decided to introduce efficiency standards for all lighting products and equipment on Jan 15 as part of an aggressive energy conservation plan for all sectors of economy to reduce energy costs to consumers and be competitive in the market. The Managing Director of the National Energy Efficiency and Conservation Authority (NEECA), Dr Sardar Mohazzam, told Dawn that the…
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