Russia raises August oil export plan after drone strikes disrupt refineries, sources say

oil-export

MOSCOW: Russia has revised up its crude oil export plan from western ports by 200,000 barrels per day (bpd) in August from the initial schedule after Ukrainian drone attacks disrupted refinery operations and freed up more crude for shipment, three people familiar with the matter said. Export planning remains uncertain, however, due to ongoing strikes and shifting repair schedules, so delays and volume revisions are likely, they said. “Attacks are ongoing and repair deadlines change daily. It’s unclear how much Russia can load this month or next,” one person said.…

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H.E. Minister Saad Sherida Al-Kaabi meets Pakistan’s Petroleum Minister

Petroleum Minister

His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, met in Doha today with H.E. Mr. Ali Pervaiz Malik, the Federal Minister of Petroleum of the Islamic Republic of Pakistan. Discussions during the meeting dealt with bilateral relations and cooperation in the field of energy between Qatar and Pakistan and means to enhance them.

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Pakistan clears Rs100 billion Chinese energy debt

ISLAMABAD: Pakistan has decided to settle over Rs100 billion in dues owed to Chinese power plants ahead of Prime Minister Shehbaz Sharif’s upcoming visit to Beijing, reducing the country’s outstanding obligations to Chinese producers by nearly one-fourth. This move aims to address one of Beijing’s major concerns. Monsoon safety gear The Ministry of Finance has issued instructions to release the funds from the power sector subsidies earmarked in this fiscal year’s budget, according to government officials. They said that it is expected the Rs100 billion will be disbursed to the…

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Oil prices edge up as traders weigh supply risks

Oil falls

LONDON: Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy infrastructure in Russia. Brent crude futures rose 40 cents, or 0.6%, to $68.13 by 1200 GMT, and West Texas Intermediate (WTI) crude futures gained 44 cents, or 0.7%, to $64.10. “The market is somewhat concerned that these peace negotiations are going nowhere,” said Ole Hansen, head of commodity strategy at Saxo Bank. “The market is looking for supply to exceed demand in the autumn months, but in…

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2nd International Solar Power Conclave & Solar Excellence Awards 2025 scheduled for August 28 in Lahore

Lahore: The city of Lahore is set to host one of the country’s most significant renewable energy gatherings, the 2nd International Solar Power Conclave & Solar Excellence Awards 2025, taking place on 28th August 2025. The event is being organised by Energy Update in association with the Private Power & Infrastructure Board (PPIB), the Pakistan Solar Association (PSA), the Pakistan Alternative Energy Association (PAEA), and the Renewable Energy Association of Pakistan (REAP). It aims to provide a high-level platform for policymakers, industry leaders, investors, and international technology providers to engage…

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