Category: Highlights

Natural gas prices were also falling in the United States as the week got underway. Henry Hub gained throughout last week, hitting some of its highest seasonal levels in years as a prolonged heat wave approached the eastern half of the country. The prompt month surged past $4 during the week. It closed lower on Monday after a cooler shift in forecasts.  Oil also continued to underperform Monday, dipping below $70/bbl. A sizable portion of LNG contracts across the world are tied to the price of crude. Concerns over the…

Read More

Asia’s spot LNG prices soared to new summer highs this week supported by strong regional demand and surging gas prices in European gas hubs, with tight fundamentals meaning there is little prospect of prices easing from current levels. The past week saw spot LNG delivered to Northeast Asia crossing $16/MMBtu for the first time during the Northern Hemisphere summer in eight years. The S&P Global Platts JKM was assessed at $16.155/MMBtu on Aug. 5 for September delivery cargoes, compared to around $3.2/MMBtu at this time last year, and around $4.2/MMBtu…

Read More

THE ongoing pandemic busted the myth of invincibility of human advancement, and humbled even the most arrogant of nations. Covid-19 exposed the systemic weaknesses and reminded that nature punishes complacency rather ruthlessly. It dragged the spotlight on some away-from-the-mainstream subjects, like, say, intellectual property rights (IPRs). The health crisis that rattled the world order actually exposed the perils of power games, intellectual lethargy and the neglect of scientific research. It is hard to imagine the private sector committing big doses of investment to scientific research unless the system promises exclusive…

Read More

Mari petroleum hosted an impressive light and sound show, projecting the struggles and contributions of our founders for creation of an independent state, Pakistan’s rich history, progression over the years, vibrant culture and a tribute to the heroes of Pakistan. Pride of performance award holder, Sahir Ali Bagga paid tribute to our forefathers, with his melodious songs. MD/CEO Mari Petroleum Faheem Haider, in his speech, welcomed the guests to the enthralling light and sound and said that this initiative is aimed at invigorating our national spirit through innovative tools of…

Read More

Pakistan has finally got the opportunity to look towards its economic development after facing internal and external security turmoil during last few decades. It is willing to prioritize economic security and leverage it to protect the national interests. The shift from geo-political confrontation to geo-economic cooperation was proposed by National Security Adviser, Moeen Yousuf. Foreign Minister Shah Mehmood Qureshi has also reiterated Pakistan’s commitment to ‘geo-economic shift’ during his physical and virtual contacts with several countries including Germany, and Egypt. The country has started diversifying its economic and diplomatic engagement…

Read More