Category: Popular News

OPEC+ set to make another accelerated oil output hike on Saturday, sources say

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Oil prices

LONDON: Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share. The group, which includes Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and Algeria, is expected to agree to an increase of 411,000 barrels per day for August, several sources told Reuters, speaking on condition of anonymity. If agreed, OPEC+ would have increased supply targets by about 1.78 million bpd, or 1.5% of global oil…

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Discount on Russian Urals oil shipped to India is smallest since 2022, traders say

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Oil prices

MOSCOW/NEW DELHI: Discounts for Russia’s flagship Urals crude oil for delivery to Indian ports in August shrank to their narrowest levels since 2022 amid high demand and shrinking spot supply, three traders in the grade’s market said on Friday. Narrowing discounts and lower supply of spot Russian barrels will push Indian refiners to look for alternative oil like United Arab Emirates’ Murban or U.S. West Texas Intermediate (WTI) grades, traders said. The narrowing discount shows how Moscow is managing to keep its oil sales up despite Western sanctions, while its…

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Trinasolar Debuts High-Efficiency PV + Storage Solutions at ASEW 2025 in Thailand

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New-Project5

Bangkok, July 3, 2025 — As Thailand accelerates its journey toward Carbon Neutrality by 2050 and Net Zero Emissions by 2065, Trinasolar, a global leader in smart solar and energy storage, is unveiling its latest integrated PV and storage technologies at the Asia Sustainable Energy Week (ASEW) 2025 in Bangkok. Fresh from its global debut at SNEC 2025 Shanghai, Trinasolar’s Thailand showcase includes its high-efficiency Vertex N i-TOPCon Ultra modules, the utility-scale Elementa 2 Pro 5MWh Battery Energy Storage System (BESS), and flexible residential energy storage systems. These offerings aim…

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FCA: Nepra, Karachi stakeholders oppose PD proposal

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nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) and several Karachi-based stakeholders have strongly opposed the Power Division’s proposal to defer a Rs 4.69 per unit negative fuel cost adjustment (FCA) for K-Electric (KE) consumers for April 2025. The adjustment would have resulted in refunds of nearly Rs 6 billion in electricity bills issued in July 2025. KE CEO Syed Moonis Abdullah Alvi criticized the proposed deferment, pointing out that when KE consumers faced higher FCAs in the past, the idea of a uniform national FCA mechanism was never considered.…

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Oil rises on signs of strong demand, investors await OPEC+ output decision

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oil

NEW YORK: Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the group’s August output policy. Brent crude was up 18 cents, or 0.3%, to $66.92 a barrel at 11:36 a.m. ET (1536 GMT), while U.S. West Texas Intermediate crude was up 27 cents, or around 0.4%, to $65.38 a barrel. The gains were likely due to supportive data from a private-sector survey in China, which showed factory activity returned to expansion in June,…

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