OPEC+ Plans To Meet More Frequently To Discuss Oil Market Balancing

OPEC+ will take a more hands-on approach to global oil markets now that it plans to meet more frequently, Bloomberg has reported, citing the leaders of the group, Saudi Arabia and Russia. “We are meeting monthly because we believe that the market is still not recovered and is still extremely volatile,” Russian Deputy Prime Minister and former Energy Minister Alexander…

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Observers see rays of hope for 2021 in Canada’s gloomy oil and gas sector

The sombre mood that has gripped the Calgary-based oilpatch for several years is starting to show flickers of hope, with more financially secure companies making moves to grow in 2021. Recent export pipeline news is offsetting the ongoing reality of volatile commodity prices, general investor distaste for the sector and regulatory uncertainty and leading to more mergers and targeted increases…

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WAPDA under a Dynamic Chairman Overcoming water shortages, completion of huge multiple projects get underway:

Daily Pakistan Observer interviewed him to learn about his contribution in bringing back the past glory of WAPDA and it is being presented for the readers in the form of questions and answers.PO: What are your achievements as Chairman WAPDA from the year 2016 onward after taking the charge of this office?CW:The base of whatever we developed in WAPDA was…

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Competitive power market consultation begins tomorrow

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) will begin on Tuesday (tomorrow) public consultation over a plan it had approved last month to set off operations of wholesale competitive electricity market in April 2022. The design and implementation plan of the Competitive Trading Bilateral Contract Market (CTBCM), which was approved last month, entails action plans from institutional restructuring and…

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First Turkey-China freight train reaches its destination in historic trip

In a major milestone, the first train carrying goods from Turkey to China has reached its destination, Turkey’s transport and infrastructure minister said. “Announcing Turkey’s power in logistics to the world from every city it passed through, the China Export Train is our victory in rail transport,” Adil Karaismailoglu wrote on Twitter. The train set off from Istanbul on December…

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