Month: February 2021

Asian spot liquefied natural gas (LNG) prices fell for a fourth week on lower heating demand and as markets in China and most of Southeast Asia close for the Lunar New Year. The average LNG price for March delivery into Northeast Asia LNG-AS was estimated at around $6.90 per million British thermal units (mmBtu), 30 cents lower than last week, with just one cargo changing hands during the week within the S&P Global Platts window. While sellers including Kuwait Petroleum made offers, the only confirmed cargo was sold by Petrochina…

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During 2008-09, when terrorism was a daily occurrence in Pakistan, I was once talking to this jewellery store owner on main Sadar road Peshawar. He pointed to a significant number of men lurking around and said, “I feel threatened from them as much as from the suicide bombers.” I was confused so he explained that these men were waiting for a bomb blast to happen so they could easily rob us in the chaos that would follow. The haves feared the have-nots. In the story of climate change, however, everyone…

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The Government of Pakistan, on Sunday, took action for the execution on the recommended rise in fuel prices from February 16 by Oil and Gas Regulatory Authority (OGRA). According to the sources, from February 16, an inflation in the prices of  petroleum products by Rs 5 is likely to be observed. OGRA has sent the documentation of suggestions to the Petroleum Division of the country. Moreover, a levy of Rs 30 is imposed on the rate of petroleum products. It is pertinent to be stated here that the government has got the…

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Kabul, (APP – UrduPoint / Pakistan Point News – 14th Feb, 2021 ) :Dozens of oil and gas tankers carrying millions of dollars’ worth of fuel caught fire on Saturday, creating an inferno at Afghanistan’s biggest trade crossing with Iran, officials said. The blaze broke out in the early afternoon at islam Qala port, 120 kilometres (75 miles) from the western city of Herat, engulfing the tankers that were parked nearby after crossing the border. “There were between 200 and 300 fuel tankers there and we managed to save some,…

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KARACHI: Spokesperson of Sindh Government and Advisor for Law, Environment and Coastal Development Barrister Murtaza Wahab has criticized Oil and Gas Regulatory Authority (Ogra) for its proposal to increase price of petroleum products to up to Rs16. He said that the hike in price of petroleum products was nothing but a nuisance to the people. He said that the selected government is bent on ending the relationship between the body and soul of the people. “The increase in the price of electricity is an anti-people move and the irony is…

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