Category: Recent Post

The decision by the Pakistan to import fuel oil in a hurry towards the end of last year due to gas shortages and high LNG prices created a problem of plenty in the domestic market. As a result, Pakistani refiners are left with no choice but to reduce throughput. “The fuel oil glut is a combination of fuel oil imports even when domestic refineries can produce fuel oil for power generation, as well as due to a decline in seasonal power demand due to the winter, leading to some of…

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NGI’s Spot Gas National Avg. dropped $1.280 to $5.510 as prices pulled back sharply in the volatile Northeast amid a spate of moderate weather to start the week. NatGasWeather said forecasts showed mild conditions would push across the country through Wednesday. However, heating demand “is still on track to spike late this week as an Arctic blast sweeps across the Midwest and East with areas of snow” and subzero temperatures. This is to be “aided by lows of 20s and 30s into portions of the southern United States. A reinforcing Arctic shot…

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GEO-economy has become the “mantra” of every government in the world. Now Chinese “shared prosperity” and the US & West “hegemonic concepts” are competing to sway the hearts and souls of the people. China’s posture is open, transparent, unconditional, interactive, productive and participatory. Whereas, the US and the West are giving mixed signals pertaining to their obsession of military might, economic superiority, global outreach and so-called democratic philosophies and human rights prophecies but have not yet been borrowed these means of survival to other developing countries. However, One Belt One…

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The approval of the Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 marked a major milestone for the development and planning of power sector. The approval itself was shrouded in controversy, with the Sindh representative opting to withhold his approval and subsequently Sindh government openly challenging this approval process. Nevertheless, it highlighted a key opportunity for growth in the energy sector: the need for provincial autonomy when it comes to power planning. Article 157 of the constitution of Pakistan authorises provinces to “construct power houses and grid stations and lay transmission…

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Crude oil’s latest bull run, which saw Brent climb to its highest level since 2014 on Tuesday, has put geopolitics front and center of market concerns. Having spent the last year fretting over supply, markets and investors appear suddenly more spooked by the what ifs of global politics and its impact on still tight supplies. This week’s drone attack by Iranian-backed Houthi rebels on the UAE, along with fears that Russia’s aggression towards neighboring Ukraine will lead to war, are nudging crude prices higher. The spike comes despite a view…

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