Month: November 2021

The downward spiral in prices comes three days after a U.S.-led effort by top consuming nations to release stockpiled crude in an attempt to tame surging energy inflation. Next week’s OPEC+ meeting will now take on an even greater significance, as the producer group led by Saudi Arabia and Russia must decide whether to continue ratcheting up supply or pause the increases in response to the latest market volatility. OPEC+ is leaning toward abandoning a plan for a modest production hike scheduled for January when it meets on Dec. 1 to 2,…

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Energy storage is an integral part of renewable energy utilization. The development of innovative energy storage solutions that can allow for round-the-clock zero-emissions power has driven up the popularity of these solutions on capital markets. In recent years, the levelized cost of energy (LCOE) for renewable energy power generation and industrial energy storage has fallen significantly, making it a highly competitive energy alternative.GoodWe recently released its 2021 Semi-Annual Report. Through the Company’s financial report, one can get a picture of the strengthening trends growing around both renewable energy generation and…

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The company is negotiating with government authorities to find an alternate buyer as previously the gas was being supplied to GENCOs for gas-based power generation, PPL told analysts at a brief. “Kandhkot gas field is currently producing 80mmcfd of gas whereas 120mmcfd of gas is idle despite the fact that country is facing acute gas shortage,” Farhan Mahmood, Head of Research at Sherman Securities stated in a post-briefing note. Farhan, quoting the company management, pointed out since the gas had higher CO2 and H2S levels, it could not be supplied…

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Karachi (PR): Mian Nasser Hyatt Maggo, President FPCCI, has expressed his deep concerns over the approach of the government for not taking the apex business, industry and trade body of Pakistan into the consultative process over mini budget; and, what will it entail! This effectively keeps all the stakeholders out of loop, he added. FPCCI President said that there are strong rumors that the government will also facilitate only the selected vested interests in the planned mini budget next week. If all measures demanded by IMF are implemented, the people…

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Nov 26 – Oil prices plunged more than 10% on Friday, the largest one-day drop since April 2020, as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter. Oil fell with global equities markets on fears the variant could dampen economic growth and fuel demand. Britain and European countries have restricted travel from southern Africa, where the variant was detected. read more Brent crude fell $8.77, or 10.7%, to $73.45 a barrel by 10:59 a.m. EDT (1459 GMT). Register…

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