Author: Admin

Why Did a Pakistani Oil Tanker Take a Strange Route Through the Strait of Hormuz?

Admin
New-Hormuz

Several vessels were tracked today transiting the Strait of Hormuz, including a Pakistani-flagged ship named Karachi, carrying crude oil. The vessel is owned by the state-owned Pakistan National Shipping Corporation (PNSC). According to MarineTraffic tracking data, the tanker entered Iran’s Special Economic Zone (SEZ), passed between Qeshm and Larak islands, and continued south along the Iranian coastline. To understand why the tanker took such an unusually long route, Energy Update consulted former U.S. Navy Captain Bradley Martin, now a senior researcher at the RAND Corporation. Martin suggested that the vessel…

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Pakistan Minerals Investment Forum Rescheduled to November 12-13

Admin
Nova-Minerals

ISLAMABAD: The Pakistan Minerals Investment Forum, originally planned for July, has been officially rescheduled to November 12-13, organisers announced. The change comes in response to ongoing regional developments and travel concerns affecting participants. Organisers highlighted that the new dates aim to ensure broader participation from government officials, industry leaders, and international investors, creating a more favorable environment for dialogue and collaboration. The forum will continue to focus on investment opportunities, policy discussions, and partnerships in Pakistan’s minerals sector. Further details regarding the updated agenda and participating stakeholders will be shared…

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IMF Rejects Pakistan’s Request for Relief on Captive Power Gas Levy

Admin
Gas-IMF

ISLAMABAD: The International Monetary Fund has turned down Pakistan’s request to freeze the 15 per cent additional gas levy on captive power plants (CPPs) and to grant exemptions to efficient industrial units, dealing a setback to the government’s efforts to ease pressure on industry. During ongoing review talks, the government proposed maintaining the current levy rate and excluding industries that undergo gas efficiency audits. However, the IMF rejected both proposals, insisting that the levy should remain a key policy tool to discourage industries from generating in-house electricity using gas. The…

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Global LNG Demand to Surge Up to 68% by 2040, Says Shell

Admin
LNG-2026

LONDON: Shell plc has projected a sharp rise in global liquefied natural gas (LNG) demand, forecasting an increase of 54 to 68 per cent by 2040 and up to 85 per cent by 2050, driven largely by growing energy needs in Asia. According to the company, global LNG demand is expected to climb from 422 million tonnes per annum (mtpa) in 2025 to between 650 mtpa and 710 mtpa by 2040. Extending its outlook further, Shell estimates demand could reach between 610 mtpa and 780 mtpa by 2050. The energy…

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IEA Signals Readiness for Further Oil Stock Releases Amid Hormuz Disruption

Admin
OIl-Price

PARIS: International Energy Agency chief Fatih Birol on Monday indicated that additional strategic oil reserves could be released if needed to stabilise global markets amid severe supply disruptions caused by the ongoing conflict affecting the Strait of Hormuz. In a video statement, Birol said that combined government and industry-held emergency reserves still exceed 1.4 billion barrels, providing room for further intervention if the situation worsens. However, he cautioned that such releases can only serve as a temporary buffer against the sharp supply shock. “The most critical factor for restoring stability…

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