Month: January 2020

Barring a major lengthy supply disruption, Brent Crude prices will average US$62 a barrel in May, lower than the current price, as the geopolitical risk premium gradually decreases in the first half of 2020, the Energy Information Administration (EIA) said on Tuesday.   PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:42Fullscreen Brent Crude prices were at US$64.26 early on Tuesday, down by 1.44 percent on the day, while WTI Crude traded at US$57.89, down 1.18 percent, as the market largely shrugged off a major supply disruption in Libya, where port blockades have suspended nearly all of Libya’s oil production. Although the…

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Karachi 22 October: ‘Youth can become catalysts of change and help conserve the diminishing wildlife species of Pakistan and their habitats. As future custodians of the country’s natural resources, they have the responsibility to support efforts to combat illegal wildlife trade and improve wildlife population’. This was stated by speakers during a seminar organised by WWF-Pakistan in collaboration with United Nations Association of Pakistan (UNAP) at Habib University, Karachi. The role of youth, the speakers added, is of prime importance to minimise the threat of illegal wildlife trafficking, especially at the…

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WASHINGTON, September 20, 2018—Without urgent action, global waste will increase by 70 percent on current levels by 2050, according to the World Bank’s new What a Waste 2.0:  A Global Snapshot of Solid Waste Management to 2050report. Driven by rapid urbanization and growing populations, global annual waste generation is expected to jump to 3.4 billion tonnes over the next 30 years, up from 2.01 billion tonnes in 2016, the report finds. Although they only account for 16 percent of the world’s population, high-income countries combined are generating more than one-third (34 percent)…

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For some reason, there is a lot of apprehension against introducing more renewable energy sources in Pakistan. Pakistan’s new Alternative and Renewable Energy Policy (ARE Policy) has been underway for more than a year, and it has encountered stiff resistance. This is counter-intuitive: statistics tell us that globally performing economies are the ones transitioning fastest to renewable electricity production. Other countries are transitioning at a much slower pace, and this group includes Pakistan. The worst part is that renewable transition will make the already strong economies even stronger, and by…

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The United States Treasury Department granted Chevron another three-month sanction waiver to continue operating in Venezuela, Reuters reported Sunday, with the expiry date of this latest extension set for April 22. The Treasury Department has been granting Chevron three-month extensions of its sanction waiver for a while now, with the one it announced last October reportedly being a topic of heated discussion in the Trump administration in light of Washington’s attempts to stifle all oil revenues going into the coffers of the Maduro government. Some, however, notably Secretary of State Mike Pompeo, argued that…

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