NEW YORK: US natural gas futures held near a three-week low on Tuesday on record output and forecasts for milder weather and lower demand over the next two weeks than previously expected. Traders noted higher demand from the expected return of Freeport LNG’s export plant in Texas on Tuesday from an outage on Monday offset the forecast for lower demand…
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NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, will halt Venezuelan oil imports after the United States announced a 25% tariff on nations buying crude from the South American nation, three sources said on Wednesday. The Indian conglomerate, which last year obtained approval from U.S. authorities to purchase oil from the sanctioned producer, imports an average…
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HOUSTON: Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude. Brent crude futures gained 82 cents, or 1.12%, to $73.84 a barrel by 12:11 p.m. ET (1611 GMT), their highest since…
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KARACHI (March 21): Sindh Chief Minister Syed Murad Ali Shah, while concluding the pre-budget discussion in the assembly, emphasized his government’s commitment to maintaining law and order, and highlighted the importance of transparent financial planning and noted that there was currently no construction taking place on the Chulistan Canal. He highlighted that there has been no construction activity from Head…
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Chinese automaker BYD has introduced a commercial electric vehicle (EV) battery capable of charging in approximately the same time it takes to refuel a petrol car. The announcement, made during a livestream event in Shenzhen, China, marks a new development in EV charging technology. The Super E-Platform offers 1,000kW charging speeds, which is four times faster than Tesla’s 250kW Superchargers.…
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Solar panel prices in Pakistan have seen a significant decline after recent amendments to the federal government’s net metering policy. The cost of installing solar power systems has decreased by Rs35,000 to Rs175,000, depending on system size and market conditions. Currently, a 5 kW solar system is priced between Rs5 lac to Rs5.5 lac, while a 7 kW system costs…
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KARACHI: The world oil prices witnessed a big cut but our rulers didn’t pass on its benefit to the Pakistani masses, which is highly regretful, said Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday. He said when the world oil prices rise, the local oil prices are increased immediately by the government, but when these prices come down, the…
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Power generation in Pakistan clocked in at 6,945 GWh in February 2025, a steep decline of 15% MoM compared to the previous month, suggesting a decline in economic activity. Back in January 2024, power generation stood at 8,153 GWh. On a yearly basis, power generation declined by 3% as compared to 7,130 GWh in the same month of the previous…
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In the fiscal year 2023-24, Pakistan’s power distribution companies (DISCOs) reported an average T&D loss of 18.08%, exceeding the National Electric Power Regulatory Authority’s (NEPRA) target of 12.15%. DISCO-wise T&D Losses: The performance of individual DISCOs varied, with some experiencing significantly higher losses: PESCO (Peshawar Electric Supply Company): Approximately 38-40% SEPCO (Sukkur Electric Supply Company): Over 35% QESCO (Quetta Electric…
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DOHA: Qatar began supplying Syria with gas via Jordan, state media in the gas-rich country reported Thursday, as Damascus’s new leadership seeks economic relief for the war-torn country long prone to power cuts. “Qatar has started today providing… natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan,” the Qatar News Agency (QNA)…
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