Category: Highlights

RLNG prices revised for March

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LNG

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has revised the prices of imported Re-gasified Liquefied Natural Gas (RLNG) for the month of March, making it more expensive for both gas companies – Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL). According to the notification issued by OGRA on Wednesday, the price of RLNG has been raised by 0.37 percent per MMBTU, setting the new rate at $12.94 per MMBTU for SNGPL consumers, which was $12.9025 per MMBTU in February 2025. The price of RLNG has…

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Oil dips as economic concerns, supply and demand expectations weigh

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oil price

LONDON: Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or 0.6%, to $67.29 a barrel. Both benchmarks rallied about 2% on Wednesday after U.S. government data showed tighter-than-expected oil and fuel inventories. U.S. gasoline inventories fell by 5.7 million barrels, more…

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IEA sees global oil market surplus for 2025 as demand disappoints

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Oil prices

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…

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FPCCI demands End to Curtailments for 12 Wind Power Projects Which Have Low Tariff

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Wind-Power

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has raised serious concerns regarding the ongoing curtailment on 12 wind power projects which have low tariff. He added that this is happening despite their cost-effectiveness and alignment with national energy goals, he added. Mr. Atif Ikram Sheikh has criticized the continued preference for expensive, obsolete power sources; urging the government to adhere to the Renewable Energy Policy 2006. He emphasized that the current situation is causing significant curtailments; leading to substantial financial losses for wind energy project developers. This scenario is impacting…

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Sindh govt achieves progress through digital transformation, infrastructure uplift, agricultural advancements: Murad

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infrastructure

• Infant mortality rate stands at 2.9% half of Pakistan,• Digitalisation of Sindh police; excise taxes, KARACHI (Wed March 12): Sindh Chief Minister Syed Murad Ali Shah presented a 171-page report detailing his government’s achievements from March 2024 to March 2025 saying that the Government has achieved remarkable progress over the past year through digital transformation, infrastructure development, and agricultural advancements. He added that these initiatives have significantly impacted public services, business facilitation, and socio-economic growth. The presentation, held at the CM House, highlighted key initiatives in healthcare, education, IT,…

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