The relationship between the U.S. and OPEC has always been a fraught one, with America pushing the cartel to slash production when oil prices crash and open the taps when prices soar. While cooperation between the two oil and gas powers is normally focused on supply and demand considerations, geopolitical tensions heavily influence any outcome. Today, as tensions between OPEC…
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For all the drama surrounding Biden’s latest Strategic Petroleum Reserve fiasco and his admin’s ridiculous idea to “stimulate” US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he may or may not, but right now he is certainly draining a million barrels of emergency US energy lifeblood just to buy a…
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A healthy lifestyle, balanced diet, self-examination of the body, and early diagnosis are the key factors to protect the lives of millions of adult women in Pakistan from the fatal disease of breast cancer.The concerned medical practitioners and noted women from different fields highlighted the precautions the female population of the country should adopt against breast cancer at an awareness…
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Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritise securing shipments of any kind over burnishing their green credentials. Natural gas can be certified as low- or no-carbon if its producers can prove they have reduced greenhouse gas emissions associated with getting it…
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The government has notified an all-inclusive fixed and subsidised electricity rate of Rs19.99 per unit for five export sectors for nine months beginning Oct 1 to facilitate exporters to compete with regional peers. All distribution companies including K-Electric “are advised to provide electricity at the rate of Rs19.99/kWh all-inclusive to the five export-oriented industries — textiles, leather, carpet, surgical and…
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The delegation was headed by Mr. Jake Levine, chief climate officer. Mr. Naz El-Khatib, deputy cheif of staff policy was also in company. DFC has an investment portfolio of 450 million dollars in Pakistan. Considerable portion of the investment being in renewables. Minister for power apprised the delegation about the solar projects of the present government. The future policy outlook…
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In an opaquely worded notification issued on the Pakistan Stock Exchange, K-Electric Ltd said on Thursday “changes have been consummated” involving IGCF General Partner Ltd (IGCF GP), a fund manager, and the Infrastructure and Growth Capital Fund L.P. (Fund), which owns the fund’s assets. Analysts interpreted the dense text of the regulatory filing as an acknowledgement of the transfer of…
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Risen Energy has announced that it has signed a strategic cooperation agreement with ACT Engineering in Pakistan. At the signing ceremony, Mr Muhammad Ahsan, Risen Country Sales Head for Pakistan, stated: “Pakistan has become our main market in Asia since its extraordinary boom in demand over the past few years. The Pakistani government has shown a great interest in renewable…
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