Month: October 2020

Italy augments participation at WETEX; seeks incremental opportunities in the renewable sector

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The Italian Trade Agency (ITA), the official Agency of the Italian Government which promotes the globalization of Italian firms under the aegis of the Ministry of Foreign Affairs, in collaboration with the Embassy of Italy in the UAE, presents the Italian expertise on sustainable and renewable technology at the virtual edition of Water, Energy, Technology, and Environment Exhibition (WETEX). Today marks the official opening day of the first-ever carbon neutral 3D virtual exhibition which runs until October 28, and Amedeo Scarpa, Italian Trade Commissioner to the UAE, Oman and Pakistan…

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Today’s Oil and Gas Update – IGAS Energy plc; Mosman Oil & Gas and more…

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Market Update: Monday 26 October 2020  President Energy (AIM:PPC): Positive strides amid difficult climate IGAS Energy plc (AIM:IGAS): Partnership with Bayotech to produce hydrogen   Mosman Oil & Gas* (AIM:MSMN): Significant additional interest acquired in the Cinnabar Market Update: Monday 26 October 2020  President Energy (AIM:PPC): Positive strides amid difficult climate IGAS Energy plc (AIM:IGAS): Partnership with Bayotech to produce hydrogen   Mosman Oil & Gas* (AIM:MSMN): Significant additional interest acquired in the Cinnabar Lease Energy Prices          Brent Oil US$41.7/bbl vs US$40.7/bbl on Friday WTI Oil US$39.4/bbl vs US$40.4bbl on…

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Saudi Energy Minister: Getting Rid Of Oil And Gas Is ‘’Unrealistic’’

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Getting rid of oil and gas is “far-fetched and unrealistic,” Saudi Energy Minister, Prince Abdulaziz bin Salman, said on Monday, adding that companies and governments should be thinking about how to reduce emissions from fossil fuels instead. “Let’s not focus on the fuel of choice but rather how we can mitigate and adapt to these realities without showing any preferences,” Prince Abdulaziz bin Salman said at the Singapore Energy Summit, as carried by Reuters. Saudi Arabia and its oil giant Aramco continue to say that peak oil demand is still…

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KSE-100 climbs 585 points

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Stocks were in the green on Monday with the benchmark KSE-100 index climbing 585 points, to close at 41,850 – up 1.4 per cent.Pakistan Stock Exchange (PSX) buoyed up by cement stocks and an encouraging Financial Action Task Force (FATF) announcement on Friday. The market optimism was primarily driven by the appreciation of cement and construction-related stocks. Southern cement manufacturers’ decision to increase per bag prices by Rs10 coupled with the news on shortages in some cities have pushed up the prices of cement stocks.On the other hand, the largest…

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Market watch: Cement sector leads stock market rally

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KARACHI: Investors got on the front foot in the stock market on Monday as uncertainty surrounding the Financial Action Task Force’s decision on Pakistan’s fate faded away. FATF on Friday gave yet another lifeline to Pakistan and decided to keep the country in its grey list for four more months. The stock market followed an upward trajectory from the word go. Selective buying of different stocks, especially in oil and gas marketing, power and cement sectors, helped the market maintain the momentum that allowed the benchmark KSE-100 index to rise…

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