The world is careening toward levels of global warming that will have irreversible impacts, a new landmark report says, but we already have the solutions — the only thing preventing us from taking advantage of them is political will and status-quo interests in fossil fuels. The third and final installment of the sixth UN Intergovernmental Panel on Climate Change report,…
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The energy department has finalised the Waste-to-Energy Policy 2021 as some firms have approached the provincial government for generating electricity and gas from waste in Jam Chakro, it emerged on Tuesday. Well-placed sources told Dawn that the companies had initially expressed interest to generate 150 megawatts from waste generated in the city. They said that aims and objectives of the…
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Sri Lanka’s new finance minister quit after one day in office as President Gotabaya Rajapaksa faced more calls from lawmakers to step down for mismanaging the economy, with soaring living costs triggering street protests that spiraled into a political storm. Ali Sabry, who was sworn in on Monday and replaced the younger Rajapaksa brother Basil, would have been part of…
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Pakistan Automotive Manufacturers Association (PAMA) has called out the government for demanding to rationalise car prices and said the country had a free market, and it was the market that decided prices, not the state. The auto industry is linked to the international market. The raw material and parts’ cost are very different and the government cannot fix car prices,”…
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The worst possible time for political chaos is when economic conditions are deteriorating, and the singular focus should be to manage the economy. Unfortunately, economic considerations are on the backburner. One may wonder what is opposition’s imperative to oust IK at this point in time. Foreign reserves are depleting at record pace, and the currency is depreciating drip by drip…
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Asia’s cash premiums for 380-cst high-sulphur fuel oil (HSFO) climbed on Friday, surging to a more than two-year high and posting their second consecutive weekly jump amid strong demand and tight supplies. The cash differentials for 380-cst HSFO surged to a premium of $21.50 per tonne to Singapore quotes, compared with $20.75 per tonne a day earlier. The premiums have…
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Asian spot liquefied natural gas (LNG) prices were relatively stable this week but there was risk to the upside due Russia’s threat to cut off supply to Europe unless payments are made in roubles. The average LNG price for May delivery into north-east Asia LNG-AS was estimated at $35.00 per metric million British thermal units (mmBtu), unchanged from the previous…
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In Q1,crude oil prices continued the long-term bullish trend that began after WTI futures briefly spiked into negative territory in 2020. The US benchmark traded within a neat pitchforkthroughout 2021, registering multiple bounces within its confines.The invasion of Ukraine ultimately sent oil prices into a parabolic rise, however. After reaching a high of 130.50, WTI pulled back sharply towards the pitchfork before attempting another advance. The 2011 high at 114.83 has proven to be…
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Engro Energy Limited in collaboration with the National Electric Power Regulatory Authority (NEPRA), Ministry of Energy, Government of Sindh, Overseas Investors Chamber of Commerce & Industry (OICCI), and Corporate Pakistan Group held ‘Pakistan Energy Symposium’ at a local hotel on Saturday. The conference brought together relevant stakeholders from public sector policymakers, regulatory bodies, private sector stakeholders and industry experts to…
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SSGC filed a petition for the increase in gas tariff with Oil & Gas Regulatory Authority (OGRA) under Section 8 (1) of OGRA Ordinance 2022 for the determination of its estimated revenue requirements/prescribed prices for FY2023. The gas utility projected Rs88.798 billion as shortfall in its total revenue requirement, estimated at Rs286.724 billion for next fiscal, whereas sale revenue at…
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