The World Meteorological Organisation (WMO), in its 2022 State of Climate Services report released on Tuesday, says the supply of electricity from clean energy sources must be doubled within the next eight years to limit the global temperature increase. Focusing on energy, the multi-agency report emphasised that “otherwise, there is …
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Pakistan ranks 29th among the countries holding natural gas reserves. This was revealed in the findings of a gas monitor report presented by Dr Amanullah Mahar, Director Center for Environmental Sciences, University of Sindh, Jamshoro. He said total extractable potential is reported around 24 TCFT, however, 4 billion cubic feet …
Read More »Industrialists on Wednesday urged Prime Minister Imran Khan to ensure that the commitment made to the business community for uninterrupted gas supply was fulfilled in letter and spirit. In a joint statement, Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce and Industry (KCCI) M. Shariq Vohra …
Read More »Amid growing ‘crude’ concerns, the Organisation of Petroleum Exporting Countries and its allies (OPEC+) are preferring to keep their cards to the chest. After their virtual meeting last Thursday, the Saudi energy minister Prince Abdulaziz bin Salman underlined, ‘OPEC+ would take a pro-active and pre-emptive stance in addressing oil market …
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Uncertainty continues to rule. The US Energy Information Administration (EIA) has cut its 2021 demand growth outlook for 2021 to 6.5 million barrels per day (bpd) – 500,000 bpd lower than projected last month. The EIA now expects the Chinese demand to grow only by 1m bpd next year, and …
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Trump’s support is the key to the political fortunes of MBS.
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Sanctions against Iran could contribute to a ``nasty gap`` in the market at year-end.
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