December 8, 2024 - Energy Update

Sindh and Sindh explore ways and means to forge New Paths of Collaboration

December 8, 2024December 8, 2024 Admin

KARACHI (Dec 8): Sindh Chief Minister Syed Murad Ali Shah met with a high-level Italian delegation led by Mr. Francesco Maria Talò, Senior Advisor to the Minister of Defence, along with Ambassador E. Marilina Armellin and other key diplomats to discuss strengthening ties in trade, education, culture, and other areas. This meeting represents a significant step towards enhancing collaboration between Italy and Pakistan, particularly in Sindh. It emphasised a shared commitment to fostering partnerships across various sectors, opening the door to promising opportunities. During the discussion with the visiting Italian…

Oil prices fall on supply glut fears

December 8, 2024January 5, 2025 Admin

NEW YORK: Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026. Brent crude futures settled at $71.12 a barrel, shedding 97 cents, or 1.4%. US West Texas Intermediate crude futures settled at $67.20 a barrel, falling $1.10, or 1.6%. For the week, Brent prices lost more than 2.5%, while WTI saw a drop of 1.2%. A rising…