Category: Highlights

We expect 22% more U.S. coal-fired generation in 2021 than in 2020, according to our latest Short-Term Energy Outlook (STEO). The U.S. electric power sector has been generating more electricity from coal-fired power plants this year as a result of significantly higher natural gas prices and relatively stable coal prices. This year, 2021, will yield the first year-over-year increase in coal generation in the United States since 2014. Coal and natural gas have been the two largest sources of electricity generation in the United States. In many areas of the…

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Overall production of petroleum commodities has witnessed an increase of 2.35 percent during the first two months of current financial year 2021-22 as compared to corresponding period of fiscal year 2020-21. The Petroleum, Oil and Lubricants (POL) products that showed positive growth include Jet Fuel Oil the production of which increased by 14.40 percent during the period under review, Pakistan Bureau of Statistics (PBS) reported. Similarly, the production of Motor Spirits, Lubricating Oil, Solvant Naptha, Liquefied Petroleum Gas (LPG) and other petroleum products witnessing increase of 7.48 percent, 168.36 percent,…

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Auditor General of Pakistan (AGP) has yet to get access to core record of regulatory bodies despite directive of the Public Accounts Committee (PAC) that all government organisations are subject of audit under the Constitution. The AGP has mandate to complete audit of the regulators. The audit officials will not only audit the expenditures of the regulatory authorities but also their performance and other matters. The regulatory authorities refused to give access to the AGP to their accounts on the pretext that no allocation in the budget is made for…

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Australia, Oct 18 (Reuters) – The supply of liquefied natural gas (LNG) globally is increasing as exporters respond to strong demand and record high prices, but it appears that Europe is grabbing a bigger share of the extra cargoes than Asia. Imports of the super-chilled fuel are expected to reach 31.70 million tonnes in October, say commodity consultants Kpler, which would be the highest since May, and up from September’s 30.01 million. However, the top-importing region of Asia is expected to show a largely steady outcome, with imports at 22.59…

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The energy transition, net-zero pledges, and increased investor pressure on oil and gas companies to slash emissions have given rise to the latest trend in energy markets—the arrival of the ‘carbon neutral’ oil barrel and the ‘carbon neutral’ liquefied natural gas (LNG) cargo.  Oil and gas firms have started to offer those so-called carbon neutral oil and gas shipments. And buyers are lapping them up as they themselves are also pressured by investors and their own carbon reduction pledges to procure lower-emission energy supply.  Energy firms offering carbon-neutral LNG or…

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