Category: Highlights

The Council of Common Interests (CCI) on Wednesday unanimously approved a project to costing around Rs350 billion curb malnutrition-induced stunting in the country. The project, “Tackling Malnutrition-Induced Stunting in Pakistan”, is spread over a span of five years (FY 2020-25). The participants of the 43rd meeting of the CCI, chaired by Prime Minister Imran Khan and attended by the chief ministers of the four provinces, ministers, the advocate general for Pakistan among others, took serious note of the critical issue of malnutrition and stunted growth among children. It was agreed…

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A sharp worsening in relations between Australia and China could threaten a deal that would have seen Woodside Petroleum sell a stake in a natural gas field and in the $16-billion Scarborough liquefied natural gas project. The chief executive officer of Woodside, Peter Coleman, told Reuters in an interview that the talks for the stake sales had been suspended several months ago, adding that he still hoped they will be resumed after the diplomatic row is resolved. The row erupted when Australia insisted on an international inquiry into the origin of the coronavirus that…

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The International Energy Agency cut forecasts for global oil demand amid new lockdown measures and cautioned that the vaccine breakthrough won’t quickly revive markets. While crude prices rallied to a 10-week high above $45 in London this week on news of Pfizer Inc.’s progress, fuel use won’t experience any “significant” boost from vaccines until the second half of next year, the agency said. The Paris-based IEA, which advises most major economies, reduced oil-demand projections for this quarter sharply, by 1.2 million barrels a day. Brent crude steadied on Thursday after…

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According to data collected by the U.S. Energy Information Administration (EIA), project developers expect more than 23 gigawatts (GW) of wind turbine generating capacity to come online in the United States in 2020, far more than the previous record of 13.2 GW added in 2012. Only 5.0 GW of capacity has come online in the first eight months of this year, according to EIA’s Preliminary Monthly Electric Generator Inventory, but as is typical with wind turbine installations, most of the annual capacity additions come online in the final months of…

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Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Saudi Arabia and Russia, leaders of the 23-nation coalition, have already indicated publicly that they are thinking twice about easing production cuts in January as the resurgent pandemic hits fuel demand. The presidents of both Russia and the Organization of Petroleum Exporting Countries have even mentioned the option of cutting production deeper. This idea hasn’t garnered widespread support so far among other members,…

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