Month: May 2020

Oil producers will be hoping for a third consecutive week of gains as more countries relax lockdowns intended to halt the coronavirus pandemic. Oil prices settled 5 per cent higher on Friday in their second consecutive week of gains as US producers cut production with the number of drilling rigs falling to a record low. The number of operating oil and natural gas rigs fell by 34 to an all-time low of 374 last week – reflecting data going back 80 years – as the energy industry slashes output and…

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Diesel is short in availability in most areas of Pakistan today. Pakistan State Oil is the only company that has diesel stock. Sources revealed that diesel was being sold out as demands increased because of wheat harvesting and easing of lockdown measures. Several petroleum companies did not succeed in importing enough stocks. On the contrary, PSO is compelling retail outlets to avail supply of 15, 000 litres of petrol for 5,000 liters of diesel. Earlier, petrol prices in Pakistan had decreased by Rs 15, BOL News reported on 30th April.…

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COVID-19 has brought us unprecedented health and economic challenges. It will test the resolve and resiliency of each Canadian and our nation. Crises have a way of unveiling truths, flaws and misconceptions in any society. Our immediate crisis is reinforcing the importance of family, community, health care and food security. But at the root of the current crisis, and fundamental to the solution, is our relationships with the other species that share our planet. Earth Day is an opportunity to reflect on how we value all species, including our own,…

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Coronavirus infections are rising in Germany, official data shows, just days after the country eased its lockdown restrictions. According to the Robert Koch Institute (RKI), the reproduction rate – the estimated number of people a confirmed patient infects – is now above 1. This means the number of infections is now rising in the country. The report came as thousands of Germans gathered on Saturday calling for a total end to the lockdown. All shops are allowed to reopen, pupils will gradually return to class and the Bundesliga – Germany’s…

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The Aggregate Technical & Commercial (AT&C) losses of Pakistan’s power sectors soared to 29.7%, the highest in the region while other countries fared much better, according to the K-Electric Investor Presentation 2020, a copy of which is available with The Express Tribune. This regional comparison revealed Sri Lanka had the lowest AT&C losses of 10%, followed by Turkey 14.8%, Bangladesh 21.9%, India 23.9% and Nepal at 24.4%. This revelation comes in stark contrast to the Pakistan Tehreek-e-Insaf (PTI)-led government’s tall claims about significant reforms in the power sector to reduce…

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