Category: Popular News

China’s power use rises 5.3% in H1, showing strong economic activity

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solar

China’s electricity consumption, a key barometer of economic activity, rose 5.3 percent year-on-year to 5.09 trillion kilowatt-hours in the first half of 2026, according to the National Energy Administration (NEA) on Wednesday. Electricity consumption saw an uptick with households consuming more electricity during the summer heat and as the country’s digital industries continued to gain momentum. China’s peak electricity load climbed to a record high of 1.518 billion kilowatts on Friday, a record for the year, according to the National Development and Reform Commission (NDRC), China’s top economic planner.  The…

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Pakistan issues tender for another spot LNG cargo

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Pakistan-LNG

Pakistan issued on Tuesday a tender for the spot purchase of another liquefied natural gas (LNG) cargo to help meet the country’s gas demand. Foreign companies asked to submit bids by Wed The international energy companies have been asked to submit bids by tomorrow. The bids will be opened on the same day. Meanwhile, the Pakistan LNG Limited (PLL) said that the tender is for LNG supply scheduled for July 21 and 22 July. Pakistan has already bought three LNG cargoes for July. A cargo for delivery on July 15…

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Oil spike jolts Indian bonds, 10-year yield hits three-week high

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Oil spike

MUMBAI: Indian government bonds tumbled on Tuesday, with the 10-year yield hitting a three-week high, as a blistering oil rally after a flare-up in the U.S.-Iran conflict rattled sentiment and prompted investors to cut risk across assets. The benchmark 6.94% 2036 bond yield climbed 6.4 basis points to 6.7945%, its highest since June 24. The rupee weakened 0.61% to 96.20 per dollar while shares in Mumbai fell 0.6%. The 10-year yield rose to as much as 6.8152%, but short-covering towards the end of the session brought it back below the key 6.80%…

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Pakistan’s LPG industry has issued a three-day ultimatum to the government, warning of a nationwide strike next week if concerns over pricing, security, and regulatory policies remain unresolved.

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LPG prices down

At a conference in Lahore attended by over 1,000 industry stakeholders, participants accused regulators of contributing to the LPG supply and pricing crisis. Industry representatives called for revised pricing mechanisms, improved security for transporters, action against substandard cylinders, and an end to what they described as unnecessary regulatory hurdles. Stakeholders also raised concerns over rising security risks in Balochistan and approved a joint Charter of Demands, warning that failure to address their issues could disrupt LPG supplies across the country.

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Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels

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OIl-Price

HOUSTON: Oil prices settled up more than 9% on Monday at a one-month high after news that a United States’ naval blockade due to begin on Tuesday will cover Iran’s entire coastline, ports and oil terminals, as well as all vessels regardless of flag, reigniting concerns over energy shipments through the Strait of Hormuz.Brent crude futures settled up $7.29, or 9.59%, to $83.30, while US West Texas Intermediate crude settled up $6.73, or 9.42%, to $78.14 a barrel. Brent futures posted their biggest single-day dollar gain since April 2, and…

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