Day: January 19, 2020

OPEC secretary general says oil demand has ‘upside potential’

Admin

Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions subside. “By and large what we see from our side is an upside potential of growth from the demand side of the equation, which will affect the total balance for the rest of the year,” he said. “We are hoping that some of the challenges that we’re facing in terms…

Read More

China’s Cheap Electric Vehicles Could Disrupt Global Markets

Admin

While Western automakers race to capture market share in the world’s biggest electric car market, China, hundreds of Chinese electric vehicle (EV) makers have sprung up in recent years to snag a piece of the EV pie too.  close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:45Fullscreen Government support to the Chinese EV industry and China’s ambitions to have new energy vehicles (NEVs) sales account for a quarter of car sales in 2025 means that the Chinese authorities want the EV industry in the country to flourish—and some think this ambitious target would require…

Read More

NA Speaker will be chief guest in CSR Award on Jan 22

Admin

National Assembly Speaker Asad Qaiser and Federal Minister Ali Zaidi , Dr Zafar Mirza   on Heath  will jointly give awards to 60 leading companies of Pakistan for showing excellence in the arena of Corporate Social Responsibility (CSR) at a ceremony in Islamabad on January 22nd, 2020.The awards will be given at the conclusion of 12th Annual CSR Summit-2020 being organized by National Forum for Environment and Health (NFEH) at a hotel in Islamabad.  Special Assistant to Prime Minister on Poverty Alleviation and Social Protection Dr Sania Nishtar will inaugurate the…

Read More

The Single Biggest Factor In Oil This Week

Admin

Oil prices regained a bit of ground at the end of the week on optimism surrounding the Phase 1 U.S.-China trade deal. At the same time, China reported some downbeat economic data that points to a slowdown.close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -1:20Fullscreen (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)

Read More