Crude oil futures have rallied to their highest finish in months, with WTI price climbing above $65 for the first time in two months after OPEC+ stuck with plans to gradually ease production curbs, signaling confidence in the demand outlook. The optimism has coincided with a breakout season for the S&P 500, with the Energy Sector (XLE) being particularly impressive. Indeed, the fossil…
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Wherever you are on the planet, the last 12 months have been very difficult.In seeking the strongest economic recovery from the pandemic, it is understandable that many on the centre-right in particular want to focus on boosting existing industries. But when it comes to the energy sources of the future, investing in coal power would be an expensive mistake, not…
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But China’s near monopoly on the materials could be the biggest challenge to Biden’s plans. “China occupies 80% of production, and their internal demands are outstripping their supply,” Defense Metal CEO Craig Taylor told FOX Business on Thursday. “That leaves the West really behind if we don’t get it together and start funding these projects.” China has invested at least…
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The business plan of Engro Elengy Terminal Private Limited (EETPL) to increase its capacity to regasify LNG is in jeopardy as SSGC has opposed it on account of host of reasons, including the NAB’s investigation into the ‘illegal award of contract’ of the LNG terminal-1 to EETPL. Unless and until the NAB clears EETPL from its investigation on illegal award…
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The first 1,000 days of Prime Minister Imran Khan’s government have been eventful. The economy went into a recession last year with the outbreak of the pandemic and continues to suffer from high food prices and a rising cost of living. The new finance minister has been a vocal critic of the government’s handling of the economy and wants to…
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The needle finally seems to be moving on the electricity consumption front. Before going all jubilant, mind you, this comes with caveats. First things first, the cumulative power generation of the national grid delivered to the distribution companies has increased by 4.7 percent year-on-year in the 9-month period of the fiscal year so far. What is also encouraging is the…
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Carved out of the Mianwali district in 1982, Bhakkar district is known for its Thal desert and the gram/chickpeas and moong pulse produced there. The desert, which protrudes into adjoining Khushab and Layyah districts, produces 80 per cent of chickpeas in the country. Spread over 8,153 sq km, the district lies along the left bank of River Indus and is…
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