Author: Admin

Why Oil Prices Remain Below $100 Despite Middle East Supply Disruptions

Admin
New-Project125

LONDON: Global oil benchmark Brent crude has rallied this month but remains below the $100-a-barrel mark, despite escalating tensions in the US-Iran conflict and disruptions to energy shipments through the Strait of Hormuz and the Red Sea. Crude shipments from Middle Eastern producers have fallen to around 11 million barrels per day (bpd) from approximately 18m bpd before the US-Israeli war on Iran began seven months ago, according to Argus. Despite the sharp reduction, several factors have prevented oil prices from rising further. Significant volumes still moving through Hormuz A…

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UAE Develops Alternative Oil Export Routes Amid Strait of Hormuz Crisis

Admin
New-Project124

DUBAI: The United Arab Emirates is developing alternative routes for energy exports and trade to reduce its vulnerability to the ongoing US-Iran conflict, UAE presidential adviser Anwar Gargash said on Monday. Speaking at the Hili Forum in Abu Dhabi, Gargash said the UAE’s energy exports and broader economic activity would not be allowed to become “hostage” to the conflict. The UAE has been expanding port capacity along its eastern coast while developing pipelines, rail links and alternative trade corridors to maintain the flow of energy exports and commercial activity, he…

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Nepra Clears Key Hurdle for Competitive Power Market

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NEPRA-Office

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved wheeling charges ranging from Rs6.23 to Rs19.62 per unit for bulk power consumers (BPCs) of all distribution companies participating in the competitive electricity trading market. The decision clears a key hurdle for the launch of Pakistan’s competitive wholesale electricity market and paves the way for an upcoming 400MW electricity auction. Under the arrangement, open-access consumers will pay the national grid for transporting electricity from power suppliers to their facilities. The approved Use of System Charges (UoSC) cover transmission and distribution…

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Pakistan: Can creating new provinces fix governance?

Admin

A politically sensitive debate has reignited in Pakistan over whether its four-province system can effectively govern a country of around 260 million people.   Ahsan Iqbal, minister for planning and development, recently called for a national political debate on administrative reform. He proposed creating 12 to 15 new provinces or setting up 160 empowered district governments to improve governance and the delivery of public services. Interior Minister Mohsin Naqvi, who first raised the idea of an administrative “reset” in July, said on Saturday that any new administrative units should be created with public…

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Iranwarns of ‘faster, heavier, more painful response’ to US attacks

Admin

Iran’s top negotiator has warned of “a faster, heavier, and more painful response” to US attacks, as hostilities between the two sides escalate. Parliament speaker Mohammad Bagher Ghalibaf said on Sunday that Americans must understand “before it is too late” that the “rules of the game have changed”, according to a translation of his comments on state media. His comments come nearly a week into renewed fighting between Iran and the US, and a day after Washington said it struck Iranian oil tankers in response to Tehran attacking American warships…

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