NEW YORK: Oil prices rose about 1% to a one-week high on Wednesday on worries about supply disruptions in Russia and the US, while the market awaits clarity on sanctions as the US attempts to broker a deal to end the war in Ukraine. Brent futures were up 65 cents, or 0.9%, at $76.49 a barrel by 10:38 a.m. EST…
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Oil prices were little changed on Thursday after rising to a near one-week high in the previous session, as an industry report showing a buildup in U.S. crude stockpiles weighed on sentiment. Brent futures were up 20 cents at $76.24 a barrel by 0600 GMT. U.S. West Texas Intermediate crude dropped 30 cents to $71.95. The March contract expires on…
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Power generation in Pakistan clocked in at 8,152 GWh (10,957 MW) in January 2025, a decrease of 2% YoY compared to the same period of the previous year, amid a decline in the overall demand. Back in January 2024, power generation stood at 8,314 GWh (11,175 MW). On a monthly basis, power generation improved by 4.5% as compared to 7,801…
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In a recent podcast on YouTube, senior Islamabad-based energy journalist Syed Khalid Mustafa shed light on the dire state of Pakistan’s oil refining sector during a conversation with prominent TV news anchor Sohail Iqbal Bhatti. Mustafa detailed the financial struggles and vulnerabilities facing this crucial industry, which he describes as a strategic asset for the nation. Pakistan’s five oil refineries…
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Islamabad February 17, 2025: The Oil and Gas Regulatory Authority (OGRA) conducted a seminar on regulatory framework and safety in CNG Sector, emphasizing the importance of safety to minimize incidents at CNG stations. The event held at OGRA’s Auditorium, was graced by the presence of the senior government officials alongwith DG Gas, Chief Engineer HDIP and All Pakistan CNG Association.…
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In an amazing advancement for photovoltaic technology, Chinese researchers have developed a way to grow four-terminal (4T) perovskite-CIGS tandem solar cells with a world-record 29.36% efficiency. This achievement not only establishes a new benchmark in the world of solar energy conversion but also showcases the evolution of perovskite, a material with little efficiency, to one complete with potential. Revolutionizing solar energy: How…
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Donald Trump appeared to blame Ukraine for the war with Russia and signalled Kyiv should hold elections, in comments that prompted President Volodymyr Zelenskyy to accuse the US president of living in a “disinformation bubble”. In Riyadh on Tuesday, Russia and the US agreed to “lay the groundwork for future co-operation” on ending the war and a lightning normalisation of…
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KARACHI (Feb 18): Sindh Chief Minister Syed Murad Ali Shah chaired a follow-up meeting of the Business Facilitation Coordination Committee (BFCC) and took certain decisions, including the resolution of the longstanding issue of the Infrastructure Cess to unlock Rs 180 billion currently tied up in court for l infrastructure development of the city and removal of soft encroachments/ land grabbing…
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PESHAWAR: Pakistan took a significant step toward modernizing its power distribution networks with the signing of a grant agreement at the Center for Intelligence Systems and Network Research (CISNR), University of Engineering & Technology (UET) Peshawar. The agreement is part of the GIZ-commissioned project “Digitalization and Decarbonization of Power Distribution Networks,” funded by the Federal Ministry for Economic Cooperation and…
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SINGAPORE: Oil prices were little changed on Monday as investors eyed developments on a potential Russia-Ukraine peace deal that could ease sanctions disrupting global supply flows. Brent crude futures dipped 1 cent at $74.73 a barrel at 0740 GMT, while US West Texas Intermediate crude was down 7 cents at $70.67 a barrel. The market continued to keep an eye…
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