Category: News & Announcement

Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions subside. “By and large what we see from our side is an upside potential of growth from the demand side of the equation, which will affect the total balance for the rest of the year,” he said. “We are hoping that some of the challenges that we’re facing in terms…

Read More

While Western automakers race to capture market share in the world’s biggest electric car market, China, hundreds of Chinese electric vehicle (EV) makers have sprung up in recent years to snag a piece of the EV pie too.  close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -0:45Fullscreen Government support to the Chinese EV industry and China’s ambitions to have new energy vehicles (NEVs) sales account for a quarter of car sales in 2025 means that the Chinese authorities want the EV industry in the country to flourish—and some think this ambitious target would require…

Read More

National Assembly Speaker Asad Qaiser and Federal Minister Ali Zaidi , Dr Zafar Mirza   on Heath  will jointly give awards to 60 leading companies of Pakistan for showing excellence in the arena of Corporate Social Responsibility (CSR) at a ceremony in Islamabad on January 22nd, 2020.The awards will be given at the conclusion of 12th Annual CSR Summit-2020 being organized by National Forum for Environment and Health (NFEH) at a hotel in Islamabad.  Special Assistant to Prime Minister on Poverty Alleviation and Social Protection Dr Sania Nishtar will inaugurate the…

Read More

Oil prices regained a bit of ground at the end of the week on optimism surrounding the Phase 1 U.S.-China trade deal. At the same time, China reported some downbeat economic data that points to a slowdown.close [x]PauseUnmuteLoaded: 0%Progress: 0%Remaining Time -1:20Fullscreen (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)

Read More

Canada’s Supreme Court has dismissed an appeal by British Columbia that aimed to stop work on the controversial Trans Mountain pipeline expansion project, Bloomberg reports, adding that the decision to dismiss the case was unanimous. “We are all of the view to dismiss the appeal for the unanimous reasons of the Court of Appeal for British Columbia,” the Chief Justice of Canada said after the presentation of arguments. British Columbia’s government is a staunch opponent of the Trans Mountain pipeline expansion on the grounds that it will increase the risk of spills and leaks…

Read More