Day: October 21, 2022

Consequences Or Cooperation: How Will The U.S. Deal With OPEC?

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The relationship between the U.S. and OPEC has always been a fraught one, with America pushing the cartel to slash production when oil prices crash and open the taps when prices soar. While cooperation between the two oil and gas powers is normally focused on supply and demand considerations, geopolitical tensions heavily influence any outcome. Today, as tensions between OPEC and the U.S. spike, the timing for both the global economy and energy markets couldn’t be worse. While challenges to the U.S.-OPEC relationship are nothing new, tensions have spiked in…

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How The Diesel Crisis Became An Inflationary Time Bomb

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For all the drama surrounding Biden’s latest Strategic Petroleum Reserve fiasco and his admin’s ridiculous idea to “stimulate” US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he may or may not, but right now he is certainly draining a million barrels of emergency US energy lifeblood just to buy a few midterm votes, assuring energy producers have zero incentive to produce more), the real crisis is not oil or gas, but diesel. The problem is that as we repeatedly warned over the summer,…

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Healthy lifestyle, body self-examination, and early detection could save millions of lives of Pakistani women facing threat of breast cancer

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Healthy lifestyle, body self-examination, and early detection could save millions of lives of Pakistani women facing threat of breast cancer October 21, 2022 A healthy lifestyle, balanced diet, self-examination of the body, and early diagnosis are the key factors to protect the lives of millions of adult women in Pakistan from the fatal disease of breast cancer.The concerned medical practitioners and noted women from different fields highlighted the precautions the female population of the country should adopt against breast cancer at an awareness seminar on the cancerous disease. The National…

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Global crisis dampens LNG momentum

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Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritise securing shipments of any kind over burnishing their green credentials. Natural gas can be certified as low- or no-carbon if its producers can prove they have reduced greenhouse gas emissions associated with getting it to market, or if they purchase carbon offsets to cut its net climate impact. But the number of deals to ship carbon-neutral LNG around the world has dropped to less…

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Fixed power tariff for exporters notified

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The government has notified an all-inclusive fixed and subsidised electricity rate of Rs19.99 per unit for five export sectors for nine months beginning Oct 1 to facilitate exporters to compete with regional peers. All distribution companies including K-Electric “are advised to provide electricity at the rate of Rs19.99/kWh all-inclusive to the five export-oriented industries — textiles, leather, carpet, surgical and sports goods — from Oct 1 to June 30, 2023,” reads a notification issued by Power Division of the Ministry of Energy (PDME) on Thursday. The notification said the Economic…

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