Author: Admin

IEA sees global oil market surplus for 2025 as demand disappoints

Admin
Oil falls

LONDON: Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, due to growth led by the United States and weaker than expected global demand. The outlook of ample supplies despite U.S. sanctions on major exporters Russia and Iran highlights the challenge for OPEC+, or the Organization of the Petroleum Exporting Countries plus Russia and other allies, in balancing the market. “The United States is currently producing at record highs and is forecast to be the largest source of…

Read More

Value Leadership! Hi-MO 9’s power generation demonstration in Hainan achieves a gain of over 30%

Admin
Longi-Project

Recently, the authoritative domestic third-party certification body, China Central Certification (hereafter referred to as “Certification Center”), released a report on the Hi-MO 9 module Hainan demonstration project. ■ Hi-MO 9 Module Hainan Demonstration Project Data indicates that the Hi-MO 9 module, utilizing the second generation BC technology, substantially outperforms TOPCon modules in three key aspects: normal outdoor power generation, partial shading power generation, and post shading power generation. The cumulative per-kilowatt power generation gains were 0.75%, 32.62%, and 11.34%, respectively, demonstrating exceptional overall power generation performance. The LONGi Hainan demonstration…

Read More

PPL’s Sui Field Operations Under Threat Again Amid Union Protest

Admin
New-PPL

ISLAMABAD: The operations of Pakistan Petroleum Limited (PPL) at the Sui gas field are once again under threat as the employees’ union has disrupted activities, demanding recruitment under the abolished son quota scheme. Despite a Supreme Court ruling that declared the practice unconstitutional, the union is pressuring the management to comply with their demands. According to sources, local PPL management staff have been detained and held hostage in their offices by the CBA union and non-management technical employees. Additionally, they have blocked field staff from boarding chartered flights, further escalating…

Read More

PESCO, KPK Govt in Talks to Curb Load Shedding, Boost Revenue

Admin
Power-sector

ISLAMABAD: The Peshawar Electric Supply Company (PESCO) and the Khyber Pakhtunkhwa (KPK) government are negotiating a contract aimed at increasing revenue and reducing load shedding, particularly in high-loss areas. According to sources, the proposed agreement seeks to improve power supply to feeders experiencing over 20% losses by enhancing recovery rates and curbing electricity theft. PESCO currently suffers annual losses of approximately Rs 130 billion, significantly contributing to the power sector’s circular debt. Discussions began following a February 17, 2025, meeting between KPK Chief Minister Ali Amin Gandapur and PESCO Board…

Read More

PSOCL’s Outstanding Dues from PIA Surge to Rs 28.88 Billion

Admin
PSO-PIA

ISLAMABAD: Minister for Energy (Petroleum Division) Ali Pervaiz Malik has revealed that Pakistan State Oil Company Limited (PSOCL) is owed Rs 28.88 billion by Pakistan International Airlines (PIA) for jet fuel supplies as of February 28, 2025. This includes Rs 14.29 billion in principal dues and Rs 14.59 billion in late payment surcharges. In a written response to the National Assembly, the minister stated that PIA’s ongoing financial struggles have hindered its ability to meet payment obligations. He assured that PSO is actively pursuing the airline for an early resolution…

Read More