NEW DELHI: Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al-Ghais said at the India Energy Week conference on Tuesday. The comments came after U.S. President Donald Trump repeatedly called on the producer group to increase oil production to help reduce prices. Iran urges…
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KARACHI: The Consulate General of China in Karachi has donated Balochistan province with 38 solar-powered systems, extensively covering areas such as Kalat, Kohlu, Dera Bugti, Zhob, Nushki, and Khuzdar in Balochistan. This initiative benefits schools, hospitals, mosques, and tribal communities, with aim to significantly reduce the reliance of remote areas on unstable power grids, alleviate the local energy shortage issues,…
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PESHAWAR: Chinese Investment Company (China Century Steel Mills) has contacted the Khyber Pakhtunkhwa government for purchase of 120 MW cheap hydropower from Chakdara Swat Corridor, showing interest in the energy sector for establishment of steel mills in province. In this connection, a delegation of Chinese investment company “China Century Steel Mills” had a special meeting with the Special Assistant to…
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LONDON: Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff plans, this time targeting steel and aluminium. Brent crude futures were up $1.05, or 1.4%, at $75.71 a barrel by 1301 GMT. U.S. West Texas Intermediate crude added 1.5%, also rising $1.05 to $72.05. Monday’s gains could be…
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Growatt New Energy, a globally recognized leader in distributed energy solutions, will participate in the 2025 Solar Exhibition in Lahore, Pakistan on February 20, 2025. At this event, Growatt will showcase its cutting-edge energy storage system products at Booth B-2-01, including the SPM, SPE, and WIT series, designed to meet diverse energy needs through advanced innovation. SPM/SPH Series: IP65 Single-Phase…
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ISLAMABAD: Prime Minister Shehbaz Sharif will undertake a two-day official visit to the United Arab Emirates (UAE) from February 10-11 to participate in the World Governments Summit (WGS) in Dubai. Invited by UAE Vice President, Prime Minister, and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, the premier will join global leaders, policymakers, and business figures to discuss governance,…
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ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal has urged the United Nations (UN) to impose a ‘global environment tax’ on countries responsible for excessive pollution. Speaking at the Breathe Pakistan International Conference on Friday, Iqbal suggested that funds generated from this tax should support nations disproportionately affected by climate change, particularly those in the Global South. He emphasized…
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LONDON: Asian spot liquefied natural gas (LNG) prices hit a two-month high this week, tracking a rally in European gas prices, despite subdued Asian demand due to healthy inventories. The average LNG price for March delivery into north-east Asia was at $14.90 per million British thermal units (mmBtu), the highest since early December and up from $13.80/mmBtu last week, industry…
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Mingyang will supply one hybrid wind, solar and energy storage facility and another wind farm under terms of deal Mingyang has struck a deal to supply two wind power projects in Pakistan during a visit of the country’s president to China. Pakistan’s President Asif Ali Zardari witnessed the signing of a strategic cooperation agreement between Mingyang and the energy department…
Read MoreBEIJING: President Asif Ali Zardari on Thursday witnessed the signing of Memorandums of Understanding (MoUs) worth more than $300 million in the energy, coal, and cement sectors in Beijing. The agreements, signed between Pakistani stakeholders and Chinese investors, aim to enhance the country’s industrial growth and energy sustainability. The Energy Department of the Government of Sindh and Ming Yang Renewable…
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