SINGAPORE: QatarEnergy has raised the June term price for al-Shaheen crude oil to its highest premium in a year, according to three trade sources. The premium for June-loading al-Shaheen crude rose to $2.48 a barrel above Dubai quotes. The producer sold all five cargoes to TotalEnergies. Qatar cuts May term price for al-Shaheen oil, sources say The jump in premiums followed increases in Middle East crude benchmarks Dubai and Oman as fighting broke out between Israel and Iran last week, raising concerns of supply disruptions in the key producing region.…
Read MoreCategory: Uncategorized
Nigeria to export first gasoline cargo to Asia from Dangote refinery, source says
A 90,000 metric ton cargo of gasoline from Nigeria’s Dangote refinery will be sold out of the region for the first time and bound for Asia, a source familiar with the matter. Since the 650,000 barrel-per-day refinery started gasoline exports last year, the cargoes have stayed in west Africa. Mercuria is due to load the cargo on June 22, the source close to the deal said, speaking on condition on anonymity. A spokesperson for Mercuria did not immediately respond to a Reuters request for comment. “We sell our products to those who…
Read MoreJudge shuts down turbines over noise and slams ‘unimpressive’ wind farm owners
High Court in Dublin orders permanent switch-off of three Nordex machines and payment of aggravated damages A judge ordered the shutdown of half of a project’s turbines and slammed the “seriously unimpressive” approach of the wind farm’s owner and operator as he ruled they have to compensate local residents over noise nuisance. A judgment at the High Court in Dublin requires the permanent switch-off of three of the six Nordex machines at the Gibbet Hill wind farm in Wexford, Ireland after a 12-year standoff with a couple whose home is…
Read MoreNepra allows partial claims in response to KE write-off petition
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has issued its decision on K-Electric’s write-off petition, allowing partial claims of PKR 50 billion against the company’s claims worth PKR 76 billion pertaining to the Multi-Year Tariff (MYT) control period spanning FY17-23. The power utility company had revised claims of unrecoverable amount of Rs 76.034 billion in receivables spanning seven years (2017–23) from Rs 67.902 billion pertains to the period prior to 2022 by including Rs 8.131 billion additional write-off claims for 2023. According to KE, it is important to highlight…
Read MoreSenate Tables Bill to Impose Levy on Gas-Based Captive Power Plants
ISLAMABAD: The government on Wednesday introduced the Off the Grid Captive Power Plants Levy Bill, 2025 in the Senate, seeking to impose a new levy on natural gas-based captive power plants operating off the national grid. Deputy Prime Minister and Foreign Minister Ishaq Dar presented the bill as part of the supplementary agenda, drawing objections from Pakistan Tehreek-e-Insaf (PTI) lawmakers. They argued it was inappropriate to table a financial bill on a day reserved to honour the late Senator Prof Sajid Mir. However, Acting Chairman Syedaal Khan clarified that the…
Read More