Category: Highlights

Saudi Aramco CEO Amin Nasser has sent a stark warning about the lack of spare oil production capacity, telling the Energy Intelligence Forum that an uptick in demand could cause a supply crunch and price volatility similar to that seen in the gas market. With benchmark crude prices falling by around $30 per barrel since June, Nasser said the market was focusing on short-term economics rather than supply fundamentals. But with only around 1.5 million barrels per day of global spare capacity, Nasser argued that if Chinese demand picks up,…

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Liu’s explicit pitch to global leaders gathered in Davos made it clear China wants international investors to play a key role in Beijing’s attempts to revive its slowing economy. “Foreign investments are welcome in China, and the door to China will only open up further,” Liu, a top economic tsar and confidant of President Xi Jinping, said. His speech to the World Economic Forum’s (WEF) annual meeting mentioned “strengthening international cooperation” and “maintaining world peace” 11 times. Liu made his speech as the release of new population data sounded an…

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Lahore University of Management Sciences (LUMS), held a two-day technology event in collaboration with Institute of Electrical and Electronics Engineers bracket (IEEE) Society, titled CodinGuru 5.0. in partnership with S&P Global Pakistan. This competition aimed to improve the tech quotient of the students and encourage ambitious and skilled coders to enhance their abilities. Senior Director Commercial S&P Global, Shafqaat H. Shah, addressed the audience and said, “At S&P Global, we not only deploy cutting-edge technologies such as artificial intelligence (AI), machine learning (ML), virtual reality (VR), data science, and analytics…

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The monsoon season of 2022 brought forth the most devastating floods to Pakistan. Two of the country’s provinces received 8x more rain than their 30-year average, resulting in widespread destruction and loss of life. A study conducted by World Weather Attribution has found that human-caused climate change significantly increased the intensity of the monsoon rainfall that Sindh and Balochistan experienced this year. It found that the rain during the region’s five most extreme days was 75% more intense than it would have been without the 1.2-degree Celsius increase in global…

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As interest in green hydrogen picks up worldwide, energy firms are using a variety of renewable energy projects to power hydrogen production. One major source for this production is wind power, thanks to decades of development of wind farms worldwide. Green hydrogen has been hailed by many as a magical fuel that could eventually provide an alternative to diesel and jet fuel, as well as a movement away from the sole reliance on electric batteries – produced using mined metals and minerals. However, the reason for the sudden interest in…

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