Month: July 2021

The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the United Arab Emirates (UAE) that had threatened the plan. “We are happy with the deal,” UAE’s Energy Minister Suhail bin Mohammed al-Mazroui told a news conference. Saudi energy minister Prince Abdulaziz bin Salman declined to answer questions on how the compromise was reached. OPEC+ last year cut production by a record 10 million barrels per day (bpd) amid a pandemic-induced slump…

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In dollar terms, petrol and diesel prices have come down over the last four to five months, although international prices have increased over the same period. On February 15, Pakistan’s petrol prices were at $0.729 per litre and diesel prices at $0.703 per litre and on July 12, prices came down to $0.707 per litre for petrol and $0.715 per litre for diesel. The current increase of Rs5.40 and Rs2.54 in petrol and diesel prices respectively has kept price dynamics the same. The lower income group is protesting as it…

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To solve mysteries of the universe, scientists use powerful particle accelerators and detectors. These enormous machines generate millions of particle collisions and petabytes of data every second. The sheer amount of data outpaces the rate at which the detector can transfer it — a growing problem with even more advanced experiments on the horizon. The U.S. Department of Energy awarded Fermilab engineer Farah Fahim, Ph.D., an Early Career Research Award to work on a solution. She’ll apply the $2.5 million grant to her work, which uses neural networks and machine…

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