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Month: May 2023

JI Challenges Hike In Gas Meter Rent In IH

May 11, 2023May 11, 2023 Admin
ji-gas

Jamaat-e-Islami (JI) has challenged the hike in gas meter rent in the Islamabad High Court (IHC), ARY News reported on Wednesday. In April, the Oil and Gas Regulatory Authority (OGRA) increased the monthly rent for gas meters from Rs40 to Rs500 following a recent hike in gas tariff.

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Shortcodegas, hike, JI

Oil Demand In Transport Sector May Drop By Up To 50% By 2050

May 11, 2023May 11, 2023 Admin
electric-vehicles

With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total of 130,000 EVs were sold globally; fast forward to the present, and nearly a similar number are sold in just a week.

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HighlightsDemand, oil, Sector

China’s Commodity Imports Are Under Pressure

May 11, 2023May 11, 2023 Admin
refinery

Futures are limping lower after overnight China reported that export growth moderated from 14.8% in March to 8.5% in April, slightly better than market expectations, and unchanged from the 1Q23 average, while Imports unexpectedly collapsed, badly missing expectations.

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HighlightsChina, Commodity, Import, Pressure

Turkey Defers $600-Million Payment For Russian Energy To 2024

May 11, 2023May 11, 2023 Admin
oil-line

Turkey has opted to defer until 2024 as much as $600 million in payments to Russia for natural gas deliveries, anonymous sources told Reuters on Wednesday. Last week, Turkey’s Energy Minister Fatih Donmez said that the country had reached a deal with Russian gas giant Gazprom to defer part of the payments

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HighlightsEnergy, Million, Russian, Turkey

Pakistan, Iran to Revive Gas Pipeline Project

May 11, 2023May 11, 2023 Admin
pak-iran

Pakistan and Iran on Wednesday agreed to explore new avenues of collaboration in the fields of aviation including direct flight, revival of gas pipeline project and expansion of trade between the two nations.

Read More
HighlightsIraN, Pipeline, Project

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