Category: Popular News

Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sourcesIndian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources

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NEW DELHI/SINGAPORE: Top Indian refiner Indian Oil Corp skipped the purchase of U.S. oil in its latest tender and instead bought 2 million barrels of West African and a million barrels of Middle Eastern grade, trade sources said on Friday. The state refiner also bought one million barrels each of Nigerian oil grades Agbami and Usan from French oil major TotalEnergy, and another million barrels of Abu Dhabi’s Das crude from Shell, the people said. Nigerian oil has been bought on free-on-board basis and Das has been purchsed on a delivered basis…

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US natgas prices rise on lower daily output

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Gas

NEW YORK: US natural gas futures climbed about 3 percent to a one-month high on Wednesday on a recent drop in daily output. That price increase came despite ample supplies of gas in storage, a small decline in flows to liquefied natural gas (LNG) export plants, mild weather and forecasts for lower demand next week than previously expected. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 8.0 cents, or 2.7 percent, to USD3.089 per million British thermal units at 8:44 a.m. EDT (1244 GMT), putting…

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Oil falls more than 1% as OPEC+ to consider another output hike

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LONDON: Oil prices fell 1.5% on Thursday, adding to their more than 2% decline the previous session, as investors awaited a weekend meeting of OPEC+ at which producers are expected to consider another increase in output targets. Brent crude fell 89 cents, or 1.3%, to $66.71 a barrel by 1301 GMT, while U.S. West Texas Intermediate crude shed 85 cents, or 1.3%, to $63.12 a barrel. Eight members of the Organization of the Petroleum Exporting Countries and allies – known together as OPEC+ – will consider further increases to production…

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Switching to renewables: Saif Textile to install 10MW solar power system

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Saif Textile Mills Limited, a local yarn manufacturer, has inked a deal for the installation of a 10-megawatt solar power system, a move aimed at cutting energy costs and boosting profitability. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday. “Saif Textile Mills Limited has signed a contract with SkyElectric (Private) Limited for the supply and installation of a 10MW solar power system. “Once this solar power system becomes operational, it is expected to reduce the power cost and thus have a…

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Risen Energy Unveils Sunease Home Energy Storage Solutions at Pakistan

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On August 28, Risen Energy proudly participated in the 2nd International Solar Power Conclave & Awards 2025 in Lahore, Pakistan — the nation’s premier platform for advancing clean energy. The event brought together policymakers, industry leaders, and innovators to shape the country’s sustainable energy future. At the forum, Risen Energy announced the launch of the Sunease Series HESS (Home Energy Storage Solutions) in Pakistan. Designed to address the challenges of frequent blackouts, costly diesel generation, and the limitation of solar energy at night, the Sunease series offers all-in-one energy solutions…

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