Category: Highlights

Canada’s Imperial Oil posts rise in quarterly profit on stronger refining margins

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Oil prices

Canadian oil producer Imperial Oil posted a rise in first-quarter profit on Friday, driven primarily by stronger margins in its refining and fuel sales business, sending its U.S.-listed shares up nearly 6% before the bell. Canadian producers have benefited from the completion of the Trans Mountain pipeline expansion project, which raised its capacity to 890,000 barrels per day. The pipeline offers producers the only export route to international markets bypassing the United States. “The upstream business continued to benefit from improved egress and narrower heavy oil differentials, while our downstream…

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PPDA meeting with Standing Committee on Energy at Parliament House

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New-Project8

The 8th meeting of the Standing Committee on Energy (Petroleum Division) of the Parliament House held at recently at Parliament House Islamabad to discuss problems of petroleum dealers Association and sharing suggestions to improve petroleum industry. Malik Khuda Baksh presented a bouquet on behalf of Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association (PPDA), to Syed Mustafa Mehmood, Chairman of the Standing Committee, as a gesture of goodwill and representation from PPDA. He was accompanied by Raja Waseem (Vice Chairman-PPDA), Ch. Zafar Elahi (Member-PPDA), and Faisal Arif (Member-PPDA) of the…

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Huawei FusionSolar Installer Training Seminar Successfully Held in Lahore

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Diwan-Project

LAHORE: Diwan International (Pvt) Ltd, in collaboration with Huawei FusionSolar, successfully organized the Huawei Installer Training Seminar on *April 28, 2025, at **The Nishat Hotel, Gulberg, Lahore. The event brought together a vibrant gathering of *leading solar installers, EPC companies, and industry professionals from across the region. The seminar focused on empowering participants through advanced training on Huawei’s smart PV solutions and deepened engagement with the Huawei Installer Community Program. The interactive sessions covered technical insights, product demonstrations, and practical knowledge sharing—aimed at elevating installation standards and promoting solar innovation…

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Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

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Oil prices

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump’s on-again off-again trade tariffs could reduce global economic growth and demand for the fuel. Brent crude futures fell by $1.41, or 2.1%, to $64.45 per barrel by 11:03 a.m. EDT (1503 GMT), while U.S. West Texas Intermediate crude dropped by $1.36, or 2.2%, to $60.69. That puts both benchmarks on track for their lowest closes since April 10. Trump’s push to reshape world trade by…

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Federal Minister of Petroleum Ali Pervaiz Malik Meets Vice Energy Minister of Kazakhstan to Strengthen Bilateral Energy Cooperation

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Islamabad, April 28,2025 Federal Minister for Petroleum Ali Pervaiz Malik held a productive meeting with the Vice Minister of Energy of the Republic of Kazakhstan,H.E. Arymbek Kudaibergen, today in Islamabad. The high-level discussion focused on enhancing bilateral cooperation in the energy sector, including oil and gas exploration, minerals and investment opportunities. Both sides emphasized the importance of strengthening Pakistan-Kazakhstan relations, particularly in energy collaboration. Minister Ali Pervaiz Malik highlighted Pakistan’s growing energy demands and expressed interest in leveraging Kazakhstan’s expertise in hydrocarbon resources and mining. The Vice Minister of Energy…

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