Month: April 2025

OPEC Lowers Global Oil Demand Growth Forecast Amid Trade Tensions, Rising Output

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New-OPEC

LONDON: The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand growth forecast downward for 2025 and 2026, marking the first cut since December. The adjustment reflects weaker-than-expected data from the first quarter and trade tensions driven by new US tariffs. In its monthly report released Monday, OPEC projected global oil demand to rise by 1.30 million barrels per day (bpd) in 2025 and 1.28 million bpd in 2026—both forecasts lowered by 150,000 bpd compared to last month. The report cited uncertainty from US President Donald…

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IMF Assured: Power and Gas Subsidies to Be Targeted Through BISP Framework

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ISLAMABAD: The government has assured the International Monetary Fund (IMF) that electricity and gas subsidies will be aligned with the Benazir Income Support Programme (BISP) to ensure that only low-income households benefit from the relief, sources in the Finance Ministry revealed. The move is part of broader energy sector reforms aimed at reducing inefficient consumption, curbing losses, and supporting Pakistan’s climate mitigation goals. The current subsidy structure—characterized by blanket tariff differentials and cross-subsidies—has led to overconsumption and has often benefited wealthier consumers, undermining the sector’s financial viability. By January 2027,…

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Oil Prices Rise on US Tariff Relief Hints, Stronger China Crude Imports

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Oil prices

BEIJING: Oil prices edged higher on Tuesday, buoyed by signals of possible US tariff exemptions and a rebound in China’s crude oil imports, which offset broader market uncertainty. Brent crude futures rose by 12 cents, or 0.2%, reaching $65 per barrel by 0350 GMT. US West Texas Intermediate (WTI) crude also climbed 13 cents, or 0.2%, to $61.66 per barrel. Investor sentiment improved after US President Donald Trump suggested possible relief on auto tariffs and granted exemptions on certain electronic goods, including smartphones and computers, largely imported from China. “These…

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BC Reshapes the Future:LONGi Launches Upgraded Hi-MO 9 Module with Industry-Leading 24.8% Efficiency

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April 14, 2025 — LONGi Green Energy Technology, a global leader in solar innovation, unveiled the upgraded Hi-MO 9 module powered by its HPBC 2.0 technology in Anhui, China. Since its debut last year, the Hi-MO 9 module has earned global acclaim for its excellent power generation performance. The latest iteration achieves a groundbreaking 24.8% conversion efficiency and a maximum power output of 670W, outperforming mainstream TOPCon modules by 40W in mass production. This advancement positions Hi-MO 9 as a transformative force for enhancing photovoltaic power plant value worldwide. Full-Scenario…

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