Author: Admin

Federal Minister for Energy Sardar Awais Ahmed Khan Leghari Responds to Miftah Ismail’s Recent Statement

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Miftah-Leghari

In response to the recent statement by former Finance Minister Miftah Ismail, Federal Minister for Energy Sardar Awais Ahmed Khan Leghari termed the claims as misleading and baseless, stating that these statements misrepresented the government’s efforts in the energy sector. Federal Minister Awais Leghari said that Miftah Ismail’s attempt to mislead the public is based on false data and unfounded accusations. The government is particularly committed to achieving targets related to the promotion of renewable energy. Minister Awais Leghari further stated that the promotion of renewable energy, especially solar energy,…

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China’s BYD unveils EV battery charging faster than Tesla superchargers

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EV battery charging

Chinese automaker BYD has introduced a commercial electric vehicle (EV) battery capable of charging in approximately the same time it takes to refuel a petrol car. The announcement, made during a livestream event in Shenzhen, China, marks a new development in EV charging technology. The Super E-Platform offers 1,000kW charging speeds, which is four times faster than Tesla’s 250kW Superchargers. BYD claims the technology can provide up to 400km (249 miles) of range in just five minutes. Initial rollout and market impactThe first models set to incorporate this ultra-fast charging…

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US natural gas prices climb

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natural gas prices

NEW YORK: US natural gas futures climbed about 2% to a one-week high on Wednesday on record gas flows to liquefied natural gas (LNG) export plants and another drop in daily output. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 8.5 cents, or 2.1%, to $4.137 per million British thermal units (mmBtu) at 8:52 a.m. EDT (1252 GMT), putting the contract on track for its highest close since March 11. The price increase occurred despite forecasts for less demand over the next two weeks…

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Oil prices rise after US issues new Iran-related sanctions

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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,…

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

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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…

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