Energy, energy sector news, Energy Update, fossil fuel

Oil prices

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump’s on-again off-again trade tariffs could reduce global economic growth and demand for the fuel. Brent crude futures fell by $1.41, or 2.1%, to $64.45 per barrel by 11:03 a.m. EDT (1503 GMT), while U.S. West Texas Intermediate crude dropped by $1.36, or 2.2%, to $60.69. That puts both benchmarks on track for their lowest closes since April 10. Trump’s push to reshape world trade by

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April 8, 2025 by Admin

ISLAMABAD: Pakistan officially launched the Pakistan Mineral Investment Forum 2025 (PMIF25) today, aiming to spotlight its immense mineral wealth spread over 600,000 square kilometers. Federal Minister for Petroleum and Natural Resources, Ali Pervaiz Malik, inaugurated the two-day forum (April 8–9), emphasizing the country’s untapped potential and commitment to responsible mining practices.

April 7, 2025 by Admin

Karachi: Atif Ikram Sheikh, President FPCCI, is leading the Pakistani trade delegation to the United Kingdom to attend a Commonwealth program on 7th – 8th April. The strategic move aims to capitalize on the vast opportunities offered by the Commonwealth; which comprises of 56 countries with a combined GDP of over $13 trillion.

solar energy

Pakistan’s sugar maker to install 200KW solar power plant

Tariq Corporation Limited (TCORP), engaged in the manufacturing of sugar and its by-products, has become the latest company to adopt renewable energy, as it announced plans to set up a 200KW solar power system at its facility. The listed company

pak-china-768x502

Pakistan seeks deeper ties with China in economy, technology

BEIJING (APP) – Pakistan’s Ambassador to China, Khalil Hashmi, highlighted the key takeaways from China’s annual Two Sessions, emphasising economic confidence, technological innovation, and Pakistan-China cooperation under CPEC Phase II. Speaking with China Economic Net about the Chinese government’s work

IPP-CAPACITY-PAYMENTS

IPPs – Capacity payments issue is overplayed

The capacity payments these days are talk of the town and our criticism has been grossly misplaced when it comes to huge electricity bills, and who the real culprits are.Further, he likes of some of our ex-CT ministers, do not understand how power or energy sector works. Commenting and criticizing are easy, while not seeing where the problem is and what solutions can be offered for a better outcome.

grid-form-technology

Hopewind Leads the Electrical Revolution with Grid-Forming Technology

As a distinguished leader in electrical solutions, Hopewind excels in technical innovation, constantly injecting new momentum into the progress of a more reliable and stable renewable energy ecosystem. The introduction of grid-forming technology is a core component of Hopewind’s pioneering efforts.

MCB-AE

MCB Bank and AE Power Join Hands for Clean Energy

In a significant move toward sustainable energy solutions, MCB Bank and AE Power have recently signed an agreement for the delivery of cutting-edge Huawei inverters. This strategic partnership promises to revolutionize the landscape of energy efficiency in the region.The signing

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December 14, 2024 Movenpick Hotel
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Reputable game developers and publishers often prioritize releasing their games on schedule to maintain credibility and meet fan expectations. Sticking to a release timeline demonstrates professionalism, strong project management, and confidence in the quality of the final product.