Energy, energy sector news, Energy Update, fossil fuel

Oil prices

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump’s on-again off-again trade tariffs could reduce global economic growth and demand for the fuel. Brent crude futures fell by $1.41, or 2.1%, to $64.45 per barrel by 11:03 a.m. EDT (1503 GMT), while U.S. West Texas Intermediate crude dropped by $1.36, or 2.2%, to $60.69. That puts both benchmarks on track for their lowest closes since April 10. Trump’s push to reshape world trade by

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April 8, 2025 by Admin

ISLAMABAD: Pakistan officially launched the Pakistan Mineral Investment Forum 2025 (PMIF25) today, aiming to spotlight its immense mineral wealth spread over 600,000 square kilometers. Federal Minister for Petroleum and Natural Resources, Ali Pervaiz Malik, inaugurated the two-day forum (April 8–9), emphasizing the country’s untapped potential and commitment to responsible mining practices.

April 7, 2025 by Admin

Karachi: Atif Ikram Sheikh, President FPCCI, is leading the Pakistani trade delegation to the United Kingdom to attend a Commonwealth program on 7th – 8th April. The strategic move aims to capitalize on the vast opportunities offered by the Commonwealth; which comprises of 56 countries with a combined GDP of over $13 trillion.

LNG facility

Chevron cuts output at Wheatstone LNG facility for planned maintenance

SINGAPORE: Chevron is conducting minor planned maintenance at its Wheatstone natural gas facility in Australia, temporarily reducing production rates on LNG Train 1, a company spokesperson said on Tuesday. “The annual service event is expected to be completed within the

LNG

IEA says Europe should replace Russian LNG with Qatari supply from 2027

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

trade and energy

Pakistan, Azerbaijan sign agreements, MOUs on trade and energy

Islamabad —  Pakistan and Azerbaijan have signed agreements and memorandums of understanding (MOUs), chiefly about trade and energy, during a visit to Azerbaijan by Pakistani Prime Minister Shehbaz Sharif. Sharif arrived Sunday in the Azerbaijani capital, Baku, for a two-day

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Fuel-Prices

Petrol Price Cut Uncertain Despite Global Oil Slump

ISLAMABAD: While global oil prices continue to slide, Pakistan’s domestic fuel prices may remain unchanged or see only a marginal reduction on May 1, as the government weighs its options amid fiscal pressures. Brent crude has dropped to *$66.60 per

New-Project4

BC Technology Ushers in New Era of Solar Industry with White Paper Release

Beijing, April 27 — The China Electricity Council, TÜV Rheinland, China General Certification Center(CGC), AIKO, and LONGi jointly released the Back Contact (BC) Solar Technology Development White Paper (hereinafter referred to as the “White Paper”) in Beijing. As the world’s first authoritative report

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December 14, 2024 Movenpick Hotel
14th National Convention on Fire Safety and Security 2024
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The "14th International Fire, Safety & Security Convention Pakistan : IFSSCP-2022" scheduled on December 12, 2024 at Karachi Movenpick Hotel.

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