After months of conflict in Ukraine, and an increasing movement away from Russian energy by several world powers, some countries have made it clear that they are not willing to cut ties with Putin when it comes to energy. With Europe and North America turning away from Russian oil and gas, it has made Russian energy prices highly competitive at…
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Over the past two years or so, the clean energy sector has been a major laggard with investors giving it a wide berth. The iShares Global Clean Energy ETF (ICLN), a catch-all bet on clean energy, is trading 36% below its January 2021 all-time high after a major rally fueled by ESG optimism drove many stocks in the sector to…
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At the Chinese Communist Party’s 20th National Congress in October, Chinese President Xi Jinping has been widely expected to be granted a third term as party leader in what would be an unprecedented event considering that CCP leaders generally only serve two terms. That fact alone has raised tensions for the particular National Congress–an event that only happens every five…
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The European Union plans to follow suit with the United Kingdom and others and impose sanctions on the organizers of “illegal, illegitimate referendums” that are being conducted in four regions of Ukraine that are at least partially controlled by Moscow. “There would be consequences for all people who participate in the illegal, illegitimate referendums,” Peter Stano, a spokesman for EU…
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That would be the road to hell for America,” JP Morgan’s CEO Jamie Dimon said last week, referring to a suggestion that all big banks divest from the oil and gas industry. In the same week, Aramco’s chief executive warned that years of underinvestment in new oil production are beginning to bear fruit, which is an undersupplied market. Despite these statements that…
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Norway will beef up its security at its oil and gas installations after three explosions rocked the Nordstream 1 & 2 pipelines, the country’s oil and energy minister said on Tuesday. Germany’s economy minister also offered words of strength on Tuesday, saying that it knows how to—and can—defend its infrastructure. This week, both Danish and Swedish authorities reported leaks from…
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That’s as efficient as most commercially available solar cells, Mohite said. Mohite noted, “This is really good for flexible, bifacial cells where light comes in from both sides and also for back-contacted cells. The 2D perovskites absorb blue and visible photons, and the 3D side absorbs near-infrared.” The new advance largely removes the last major roadblock to commercial production he…
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Saudi Arabia’s King and Custodian of the Two Holy Mosques Salman bin Abdulaziz Al Saud on Tuesday issued a royal decree to appoint Crown Prince Mohammed bin Salman as the prime minister of the country. The crown prince was earlier the deputy premier and minister of defense of the kingdom. According to another royal decree, the king has also restructured…
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Syed Jawaid Iqbal of CMC (Pvt) Ltd., has been elected (unopposed) as Chairman, Pakistan Advertising Association, the sole body representing the advertising profession and allied sectors, on national level. Others elected (unopposed) include Brig (R) Muhammad Zubair Rehan (Creative Junction) as Senior Vice Chairman and Mr. Jawad Humayun (Channel 7 Communications) as Vice Chairman. Mr. Fahd Khan (Manhattan Communications) has…
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The Sindh High Court (SHC) on Wednesday directed the National Electric Power Regulatory Authority (Nepra) to file comments on a petition filed by the Jamaat-e-Islami (JI) against ‘illegal’ load-shedding, lack of power generation and collection of different taxes by the K-Electric (KE) from its consumers through the electricity bills. Hearing the JI petition with regard to the collection of fuel…
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