There’s no doubt about it, it has been a rough week for oil. Just days after Saudi Arabia and Russia launched a full-blown oil war, forcing prices to drop by 25% in a single day, U.S. President declared a travel ban for all flights to Europe. And now today, the President declared a National Emergency. Trump’s statement came as a number…
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Chinese government spokesman Lijian Zhao wrote on Twitter that the coronavirus may have originated in the United States and was brought to China by US Army. Serious accusations that will cause discussion. “We need American officers to respect the facts – wrote Zhao -. Every minute wasted in libel and complaints would be better spent on improving domestic reactions and international cooperation. ” In the…
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The zero-emissions option of hydrogen fuel holds a lot of promise for reducing our reliance on fossil fuels – if only we could find a way to produce it cheaply and without needing insane amounts of energy input. Now, scientists have found a way to efficiently produce hydrogen fuel by using rust and a light source. The set-up uses just…
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March 11, 2020: The Prime Minister of Pakistan, Imran Khan, held an interactive session on Wednesday, March 11, 2020, with the Managing Committee members of Overseas Investors Chamber of Commerce and Industry (OICCI) at the Prime Minister House, Islamabad where he also shared his views on the current economic situation of the country. Shazad Dada, President OICCI informed the Prime Minister…
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ISLAMABAD: Prime Minister Imran Khan on Thursday said that power sector was the biggest challenge for the country, ARY News reported. Presiding over a meeting of the parliamentary party of ruling PTI and other allied parties in Islamabad, PM Imran said that they were producing costly electricity and selling it on cheap rates to the consumers. He said that they…
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International oil prices (Brent crude) have come down to 36.79 USD/bbl (Monday, March 9). By the time, readers read these lines, Brent crude may go down further. At its highest peak in the last days of February, Brent Crude was $56. This is a 35 percent drop in international oil prices in less than a month. The highest peak within…
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Coronavirus’s economic danger is exponentially greater than its health risks to the public. If the virus does directly affect your life, it is most likely to be through stopping you going to work, forcing your employer to make you redundant, or bankrupting your business. The trillions of dollars wiped from financial markets this week will be just the beginning, if our governments…
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LONDON: Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 5% bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply. Brent crude was up $1.83, or 5.5% on the day, at $35.05 per barrel by 1100 GMT but were still 23% lower on the week – the biggest…
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Just two weeks before it was set to take place the 27th HVACR EXPO, Pakistan’s biggest HVACR related event has been delayed as the global Coronavirus outbreak becomes deadlier. The World Health Organization (WHO) has declared Novel Coronavirus is a Pandemic and global health emergency. The event was originally supposed to take place in the last week of March. It has…
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The 2,400MW Hassyan clean coal power station is an ultra-supercritical (USC) power plant being developed in Saih Shuaib, Dubai, United Arab Emirates. Upon completion, the project is set to be the first coal-based power plant in the region. Construction of the $3.4bn power plant commenced in November 2016. It will comprise four units of 600MW each, which are expected to start…
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