Category: Popular News

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

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Oil falls

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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Saudi Arabia raised crude exports in June, Kpler data shows

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Crude supply

LONDON: Saudi Arabia’s oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to overseas storage amid fears of possible supply disruptions owing to conflict in the Middle East. OPEC’s biggest producer has intervened in oil markets for decades to provide more oil during disruptions or cut output when it felt the market was oversupplied. Crude exports rose by 450,000 barrels per day (bpd) from May’s level to 6.33 million bpd in June, Kpler data shows. There could be a…

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