Author: Admin

China Approves Construction of “Super Dam” on the Brahmaputra River, Leaving India Concerned

Admin
Super-Dam

China has approved the construction of a “Super Dam” on the Brahmaputra River, a project poised to dwarf the Three Gorges Dam in power generation capacity. This mega-dam will reportedly produce an astonishing 300 billion kilowatt-hours of electricity annually—three times more than the output of the Three Gorges Dam. The Yarlung Zangbo River, as it is known in Tibet, becomes the Brahmaputra River as it descends from the eastern edge of the Tibetan Plateau. The site of the planned dam is a natural drop where the river plunges two kilometers…

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Oil prices up on large draw from US crude stocks

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Oil prices

NEW YORK: Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from US crude inventories last week. Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. US West Texas Intermediate crude futures rose 98 cents, or 1.4%, to $70.60 per barrel. On a weekly basis, both Brent and WTI crude gained about 1.4%. US crude oil inventories fell by 4.2 million barrels in the week ended Dec. 20…

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Rawalpindi: SNGPL refutes reports about 8-hour loadshedding

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loadshedding

RAWALPINDI: The Sui Northern Gas Pipelines Limited (SNGPL) Rawalpindi has refuted reports of eight-hour gas load shedding in any part of the city, emphasizing its efforts to ensure uninterrupted gas supply during the winter season. Responding to a report in a local newspaper, the SNGPL spokesperson clarified that despite the increased demand during winter, continuous supply is being provided to domestic consumers. To address supply challenges, senior officers are closely monitoring gas pressures, particularly for consumers at the farthest ends of the distribution network, under the directives of the General…

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Oil drifts higher in sparse holiday trade

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oil price

LONDON: Oil prices edged up on Monday in thin holiday trade at the end of the year, as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world’s two largest oil consumers. Brent crude futures rose 20 cents to $74.37 a barrel by 1208 GMT. The more active March contract was at $74.00 a barrel, up 21 cents. U.S. West Texas Intermediate crude gained 27 cents to $70.87 a barrel. Investors are eyeing China’s PMI factory surveys due on Tuesday and the U.S.…

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China issues at least 152mn T in 2025 crude oil import quotas, sources say

Admin
crude oil

SINGAPORE: China has issued at least 152.49 million metric tons of crude oil import quotas to independent refiners in a second batch for 2025 so far, several trade sources said on Monday. These quotas are being issued in batches by provinces this year and follow a recent small batch of 5.84 million tons that was issued in November, the sources said. This brings the total volume issued for 2025 so far to 158.33 million tons (3.17 million barrels per day) versus a total of 179.01 million tons for 2024. Beijing…

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