Energy, energy sector news, Energy Update, fossil fuel

Oil prices

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump’s on-again off-again trade tariffs could reduce global economic growth and demand for the fuel. Brent crude futures fell by $1.41, or 2.1%, to $64.45 per barrel by 11:03 a.m. EDT (1503 GMT), while U.S. West Texas Intermediate crude dropped by $1.36, or 2.2%, to $60.69. That puts both benchmarks on track for their lowest closes since April 10. Trump’s push to reshape world trade by

latest news

April 8, 2025 by Admin

ISLAMABAD: Pakistan officially launched the Pakistan Mineral Investment Forum 2025 (PMIF25) today, aiming to spotlight its immense mineral wealth spread over 600,000 square kilometers. Federal Minister for Petroleum and Natural Resources, Ali Pervaiz Malik, inaugurated the two-day forum (April 8–9), emphasizing the country’s untapped potential and commitment to responsible mining practices.

April 7, 2025 by Admin

Karachi: Atif Ikram Sheikh, President FPCCI, is leading the Pakistani trade delegation to the United Kingdom to attend a Commonwealth program on 7th – 8th April. The strategic move aims to capitalize on the vast opportunities offered by the Commonwealth; which comprises of 56 countries with a combined GDP of over $13 trillion.

environmental-changes

Balochistan’s forests under threat

Balochistan faces a significant environmental threat as its ancient forests transform due to human greed. The province boasts numerous renowned historic forests, including wild olive trees in the mountainous regions. The mild climate supports the growth of valuable trees, such

climate-action

COP28 summit: Pakistan needs $348bn by 2030 to take climate action

ISLAMABAD: Pakistan will strive for operationalisation of $100 billion loss and damage fund and equal funding for the climate change mitigation as well as adaptation at COP28 summit going to held in Dubai from Thursday. Being the worst affected country

energy-projects

‘Financial institutes must fund more renewable energy projects’

KARACHI: Pakistan’s energy supply relies heavily on fossil fuel sources, which has prompted the need for financial institutions to divert their finances towards renewable energy projects in the country, experts said on Wednesday. Academics, researchers, environmentalists and policymakers said that

IMF-demand

IMF Slashes Pakistan’s Growth Outlook To 0.5pc

Hinting at entre­nched high inflation, the International Monetary Fund (IMF) on Tuesday lowered its forecast for Pakistan’s economic growth rate for the current fiscal year to just 0.5 per cent, with inflation going beyond 27pc and the unemployment rate increasing to 7pc.

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