Author: Admin

Huawei and AE Power Forge Partnership to Introduce LUNA2000-107kwh/167kwh/215kwh Commercial Battery Energy Storage System in Pakistan

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New-HUAWEI

Lahore, Pakistan – March 24, 2025 – In a landmark move towards advancing sustainable energy solutions in Pakistan, Huawei and AE Power have officially entered into a strategic partnership to bring the LUNA2000- 107kwh/167kwh/215kwh Commercial Battery Energy Storage System (BESS) to the local market. The agreement was formalized at a signing ceremony attended by Mr. Rana Abbas, CEO of AE Power, and Mr. Kevin Technical Sales Director Huawei.​The LUNA2000- is Huawei’s latest innovation in energy storage, designed to provide efficient, reliable, and scalable energy solutions for commercial applications. This cutting-edge…

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US natural gas prices hold near 3-week low

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natural gas prices

NEW YORK: US natural gas futures held near a three-week low on Tuesday on record output and forecasts for milder weather and lower demand over the next two weeks than previously expected. Traders noted higher demand from the expected return of Freeport LNG’s export plant in Texas on Tuesday from an outage on Monday offset the forecast for lower demand from milder weather. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 1.6 cents, or 0.4%, to $3.93 per million British thermal units (mmBtu) at…

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India’s Reliance to stop buying Venezuelan oil over US tariffs: sources

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US tariffs

NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, will halt Venezuelan oil imports after the United States announced a 25% tariff on nations buying crude from the South American nation, three sources said on Wednesday. The Indian conglomerate, which last year obtained approval from U.S. authorities to purchase oil from the sanctioned producer, imports an average of 2 million barrels of Venezuelan crude every month, according to LSEG data. It is scheduled to receive a Venezuelan cargo in early April, LSEG trade flows data showed. U.S.…

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Oil prices climb 1% on US crude and fuel stock draw, Venezuela supply worries

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Oil prices

HOUSTON: Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude. Brent crude futures gained 82 cents, or 1.12%, to $73.84 a barrel by 12:11 p.m. ET (1611 GMT), their highest since February 27. U.S. West Texas Intermediate crude futures rose 82 cents, or 1.19%, to $69.82 a barrel. Both benchmarks rose more than $1 a barrel during the session. Oil prices…

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First-Ever EU-Pakistan Business Forum Set for May 14 in Islamabad

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First-Ever

ISLAMABAD: The European Union (EU) delegation to Pakistan has announced the inaugural High-Level EU-Pakistan Business Forum, scheduled for May 14-15, 2025, in Islamabad. This milestone event, jointly supported by the EU, its Member States, and the Government of Pakistan, aims to foster business partnerships, unlock new opportunities, and strengthen economic ties between the two regions. Prime Minister Shehbaz Sharif will officially inaugurate the forum, which will feature business-to-business (B2B) and business-to-government (B2G) meetings, interactive discussions, exhibitions, and the launch of the EU-Pakistan Business Network, connecting over 300 European companies operating…

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