LONDON: Oil prices were little changed on Monday after registering a monthly loss for the first time since November, while investors await the outcome of efforts to end the Russia-Ukraine war and repercussions from U.S. tariffs. Brent crude rose 11 cents, or 0.15%, to $72.92 a barrel by 1105 GMT while U.S. West Texas Intermediate crude was up 3 cents,…
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KARACHI: Committed to fostering creativity, innovation, and localisation in the energy sector, K-Electric has launched Energy Progress & Innovation Challenge (EPIC) 2025. Building on the resounding success of its pioneering 7/11+ Innovation Challenge introduced in 2022, EPIC will unite entrepreneurs, academia, researchers, and think tanks to develop cutting-edge solutions for the energy industry. Innovators may address K-Electric’s predefined challenge statements…
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Pakistan is making strides in expanding its energy infrastructure, with two major projects set to enhance energy security and reduce reliance on expensive fuel imports. The Thar Coal Railway Line, a 105km rail network connecting Thar’s coal mines to Port Qasim, is on track for completion by December 2025.¹ ² This project, overseen by the federal and Sindh governments, will…
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Pakistan views China’s Two Sessions —the annual gatherings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC)—as a pivotal event for the future of bilateral cooperation. These sessions provide Pakistan with key insights into China’s economic, regional and global priorities, which directly have the positive impact on the trajectory of the China-Pakistan relationship, especially within…
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SINGAPORE: Top oil exporter Saudi Arabia may slightly cut its crude prices for Asian buyers in April, tracking the marginal decline in benchmark prices this month, traders said on Friday. The April official selling price (OSP) for flagship Arab Light crude may decline by 20 cents to 65 cents a barrel from March, four Asian refining sources said in a…
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ISLAMABAD: The government on Friday decreased Liquified Petroleum Gas (LPG) prices by Rs6.15 per kilogram for both domestic and commercial consumers for the month of March 2025. These new prices will be effective from today (March 1). Last month (February), the prices were increased by Rs3.68/kg. According to a notification issued by Oil and Gas Regulatory Authority (Ogra) here on…
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LAHORE: The National Transmission & Despatch Company (NTDC) has successfully achieved a milestone in the SCADA-III project with partial activation of the new Control Room and Supervisory Control and Data Acquisition (SCADA) system becoming partially live, installed at the National Power Control Centre (NPCC), Islamabad. The system was inaugurated by the Managing Director NTDC, Engr. Muhammad Waseem Younas and senior…
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MOSCOW: The Russian government has decided to extend petrol export permits for producers until the end of August 2025, Russian news agency Interfax reported on Thursday. China’s April gasoline exports fall to lowest level since July 2015 on recovering domestic demand The government made the decision to maintain a stable situation in the domestic fuel market and support the oil…
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he meeting, held on Thursday at CM House, was attended by provincial ministers, advisors, special assistants, the Chief Secretary, and relevant secretaries. Pink Electric Motorcycles for Women: The cabinet was informed that the Transport and Sindh Mass Transit Authority (T&MTD) plans to launch a program aimed at enhancing female mobility through sustainable transportation. This initiative will introduce approximately 1,000 electric…
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LONDON: European countries should consider replacing liquefied natural gas (LNG) imports from Russia with other sources beginning in 2027, the International Energy Agency director said on Tuesday. Fatih Birol was speaking at the International Energy Week conference in London. “Europe has been importing a lot of Russian LNG to help its economies,” he said. “It may be high time to…
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