Month: March 2025

Oil prices rise after US issues new Iran-related sanctions

Admin
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,…

Read More

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

Admin
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…

Read More

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

Admin
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…

Read More

Trina Storage Unveils Elementa 2 Pro at Energy Storage Summit Australia, Setting New Industry Standards

Admin
Trina-Storage1

Sydney, Australia – Trina Storage, a global leader in energy storage solutions and a business unit of Trinasolar, has introduced its latest innovation, the *Elementa 2 Pro 5MWh energy storage system, at the **2025 Energy Storage Summit in Sydney. This marks the system’s Australian debut, reinforcing Trina Storage’s commitment to advancing *high-performance, localized energy storage solutions. The Energy Storage Summit, one of the industry’s most influential global events, convened *over 250 delegates and industry experts. Trina Storage’s unveiling of the *Elementa 2 Pro not only underscores its technological leadership but…

Read More

Solar Prices Drop in Pakistan Following Government’s New Net Metering Policy

Admin
Net-Metering

Solar panel prices in Pakistan have seen a significant decline after recent amendments to the federal government’s net metering policy. The cost of installing solar power systems has decreased by Rs35,000 to Rs175,000, depending on system size and market conditions. Currently, a 5 kW solar system is priced between Rs5 lac to Rs5.5 lac, while a 7 kW system costs around Rs6 lac. A 10 kW system is available for over Rs8 lac, and a 12-15 kW system now exceeds Rs1.2 million. The price drop follows the government’s decision to…

Read More