Author: Admin

Indonesia Jan-April palm oil exports at 6.41m metric tons

Admin
opec

JAKARTA: Indonesia exported 6.41 million metric tons of crude and refined palm oil in the January to April period, down 5.37% on a yearly basis, data from the statistics bureau showed on Monday. However, due to higher prices, the shipments were worth $7.05 billion in the first four months of 2025, up 20% from the same period in 2024. The bureau’s data excludes palm kernel oil, oleochemicals and biodiesel. Indonesia’s palm oil association GAPKI usually releases its own data at a later date, which cover more products and so has…

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Move to cushion PSO: Exchange rate losses adjusted into petrol prices

Admin
Petrol-Diesel

ISLAMABAD: To cushion Pakistan State Oil (PSO) against exchange rate losses, the federal government has adjusted its fortnightly petroleum pricing, effective June 1, 2025, by reducing the Inland Freight Equalization Margin (IFEM) and slightly increasing average of Platts with incidentals and duty. The federal government adjusted Rs2.17 per litre exchange rate losses into petrol prices which led to increase in petrol prices by Re1 per litre with effect from June 1 to 15. With a major importer, state-owned PSO has 55 percent share in total petroleum products. The Oil and…

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Oil edges up as geopolitical concerns and weaker dollar support

Admin
Oil falls

LONDON: Oil edged up on Tuesday, in the face of rising geopolitical tensions as the war in Ukraine ramped up despite peace talks in Turkey and Iran was set to reject a U.S. nuclear deal proposal that would be key to easing sanctions on the major oil producer. Crude had gained nearly 3% on Monday after the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, kept its July output hike at 411,000 barrels per day, the same as earlier months and less than some in the market…

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Sindh Lawmakers Slam KE Over Load Shedding, CEO Monis Alvi Grilled

Admin
Moonis-Alvi

KARACHI (Staff Reporter) – In a heated session of the Sindh Assembly’s Special Committee on Energy, members strongly criticized prolonged load shedding across the province and expressed frustration over the non-serious attitude of K-Electric CEO Monis Alvi. The performance of K-Electric and other power distribution companies came under sharp scrutiny, with lawmakers voicing anger over their inefficiency. Monis Alvi apologized for his absence in the previous meeting. However, tensions rose when committee members demanded to know under which laws K-Electric carries out load shedding. The CEO claimed it was due…

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Federal Minister Ali Pervaiz Malik Highlights Pakistan’s Energy Transition Vision at Baku Energy Week

Admin
New-Project27

*Baku, Azerbaijan – June 03,2025 Federal Minister for Petroleum, Ali Pervaiz Malik, delivered a keynote address at the Ministerial Plenary session titled ” Global Cooperation for a Resilient and Sustainable Energy Future” as part of the prestigious Baku Energy Week, emphasizing Pakistan’s commitment to a sustainable and resilient energy future. The event marked the 30th anniversary of the Baku Energy Forum, where Minister Malik congratulated Parviz Shahbazov, the Energy Minister of Azerbaijan and reiterated Pakistan’s support for this effort and pledged to cooperate with this forum in every way in…

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