Day: March 20, 2025

China’s BYD unveils EV battery charging faster than Tesla superchargers

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EV battery charging

Chinese automaker BYD has introduced a commercial electric vehicle (EV) battery capable of charging in approximately the same time it takes to refuel a petrol car. The announcement, made during a livestream event in Shenzhen, China, marks a new development in EV charging technology. The Super E-Platform offers 1,000kW charging speeds, which is four times faster than Tesla’s 250kW Superchargers. BYD claims the technology can provide up to 400km (249 miles) of range in just five minutes. Initial rollout and market impactThe first models set to incorporate this ultra-fast charging…

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US natural gas prices climb

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natural gas prices

NEW YORK: US natural gas futures climbed about 2% to a one-week high on Wednesday on record gas flows to liquefied natural gas (LNG) export plants and another drop in daily output. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 8.5 cents, or 2.1%, to $4.137 per million British thermal units (mmBtu) at 8:52 a.m. EDT (1252 GMT), putting the contract on track for its highest close since March 11. The price increase occurred despite forecasts for less demand over the next two weeks…

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Oil prices rise after US issues new Iran-related sanctions

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Oil prices

HOUSTON: Oil prices rose on Thursday after the U.S. issued new Iran-related sanctions, data showed a higher-than-expected fuel inventory drawdown in the U.S. and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures were up 97 cents, or 1.37%, to $71.75 a barrel by 10:57 a.m. EDT (1457 GMT), having gained more than $1 during the session. The U.S. West Texas Intermediate crude (WTI) contract for April, expiring on Thursday, rose 96 cents to $68.12. The more actively traded WTI May contract rose 94 cents,…

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Asia’s sour crude demand set to rebound late second quarter, support Mideast prices

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crude oil

SINGAPORE: Asia’s sour crude demand is set to rebound from late in the second quarter as refiners return from maintenance and Exxon Mobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use, traders and analysts said. The rise in demand from some of the world’s top oil importers led by China will support Middle East benchmarks Dubai and Oman despite the prospect of more supply from OPEC+ after the group agreed to increase production from April. “After weaker-than-expected imports from China for the beginning of…

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Murad discusses bilateral ties, trade, culture with Chinese, Iraqi consul generals

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New-China

KARACHI (March 19): Sindh Chief Minister Syed Murad Ali Shah held separate meetings at the Chief Minister House with the Consul General of China, Yang Yundong, and the Consul General of Iraq, Dr Mehr Mujahid Jejan. The discussions centred on investment, development projects, and diplomatic cooperation, further strengthening Sindh’s ties with both nations. Boosting Sino-Pak Collaboration: During his meeting with the Chinese Consul General, the chief minister emphasised the importance of ongoing and upcoming projects under the China-Pakistan Economic Corridor (CPEC). He noted that President Asif Ali Zardari’s recent meeting…

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