Author: Admin

OPEC+ set to make another accelerated oil output hike on Saturday, sources say

Admin
Oil prices

LONDON: Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share. The group, which includes Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and Algeria, is expected to agree to an increase of 411,000 barrels per day for August, several sources told Reuters, speaking on condition of anonymity. If agreed, OPEC+ would have increased supply targets by about 1.78 million bpd, or 1.5% of global oil…

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Discount on Russian Urals oil shipped to India is smallest since 2022, traders say

Admin
Oil prices

MOSCOW/NEW DELHI: Discounts for Russia’s flagship Urals crude oil for delivery to Indian ports in August shrank to their narrowest levels since 2022 amid high demand and shrinking spot supply, three traders in the grade’s market said on Friday. Narrowing discounts and lower supply of spot Russian barrels will push Indian refiners to look for alternative oil like United Arab Emirates’ Murban or U.S. West Texas Intermediate (WTI) grades, traders said. The narrowing discount shows how Moscow is managing to keep its oil sales up despite Western sanctions, while its…

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Trinasolar Debuts High-Efficiency PV + Storage Solutions at ASEW 2025 in Thailand

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New-Project5

Bangkok, July 3, 2025 — As Thailand accelerates its journey toward Carbon Neutrality by 2050 and Net Zero Emissions by 2065, Trinasolar, a global leader in smart solar and energy storage, is unveiling its latest integrated PV and storage technologies at the Asia Sustainable Energy Week (ASEW) 2025 in Bangkok. Fresh from its global debut at SNEC 2025 Shanghai, Trinasolar’s Thailand showcase includes its high-efficiency Vertex N i-TOPCon Ultra modules, the utility-scale Elementa 2 Pro 5MWh Battery Energy Storage System (BESS), and flexible residential energy storage systems. These offerings aim…

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SIFC Calls for Policy Revamp to Rescue \$6 Billion Refinery Upgrade Projects by September

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SIFC-SSGC

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has instructed authorities to revise the Brownfield Refinery Policy 2023 by September 31, 2025, aiming to revive stalled refinery upgrade projects worth \$6 billion. The move comes amid a lingering deadlock with the International Monetary Fund (IMF) over sales tax exemptions that has rendered the projects economically unviable. According to minutes from the SIFC Executive Committee’s June 18 meeting—released on July 1—the Petroleum Division has been tasked with formally communicating final, non-extendable deadlines for resolving the tax issue. If no resolution is reached,…

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Pakistan Joins Fossil Fuel Treaty, But Faces Scrutiny Over Domestic Energy Contradictions

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Power-Project

ISLAMABAD: In a landmark move, Pakistan has become the first South Asian country to formally join the global push for a Fossil Fuel Non-Proliferation Treaty (FFNPT)—a bold initiative aiming to end the expansion of oil, gas, and coal production while facilitating a global transition to clean energy through cooperation, financial aid, and technology transfer. Pakistan’s entry into the treaty movement in December 2024, alongside climate-vulnerable nations like Vanuatu, Colombia, and The Bahamas, was hailed as a major shift in global climate diplomacy. With over 120 cities, 3,000 scientists, and 100…

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