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Falling oil prices, biggest threat to US shale producers

Falling oil prices, biggest threat to US shale producers

The week ended on 13th March 2020 can be termed one of horrific weeks for crude oil producers and traders as prices went down about 50 percent since the start of the year. Oil rebounded a bit on Friday following movement in the US Congress to pass a coronavirus economic relief bill. Nevertheless, the near-term looks dire for oil markets, with supply rising quickly as demand continues to collapse. The added threat is likely …

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NEPRA Energy Week – A review: Power sector’s effective and informative scope under consideration

NEPRA Energy Week - A review- Power sector’s effective and informative scope under consideration

For the first time in the history of National Electric Power Regulatory Authority (NEPRA), Pakistan’s power sector regulator organized the Energy Week from 24-28 February 2020 in Islamabad. Five full days were dedicated to discuss various aspects of the power sector with the objective to listen to the views of sector experts; to figure out the most suitable and efficient solution of various challenges currently Pakistan’s power sector is facing …

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Will OPEC plus opt for deeper oil cut?

Will OPEC plus opt for deeper oil cut

Members of Organization of Petroleum Exporting Countries (OPEC) are scheduled to meet in Vienna in first week of March 2020. Top of the agenda item is to decide production quotas in the aftermath of coronavirus spread. To arrive at further production cut will not be easy because of United States emerging as one of the largest oil producing country as well as exporting substantial quantity. Even the bigger concern is …

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Need to end Saudi-Iran animosity

Need to end Saudi-Iran animosity

One completely fails to understand why even a thought of ending Saudi-Iranian animosity make the supporters of monarch jittery. If one could recollect lately Iraq made an attempt to ease tension between the two arc enemies, but turmoil was created in Iraq. Soon after two top military strategist, one each from Iran and Iraq were killed, the probability of war in the region increased manifold. Recently, Iranian Foreign Minister Mohammad …

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Pakistan a natural energy corridor

  While geopolitics plays an important role in the prices of energy products, super powers are also keen in controlling the logistics. It is on record that Iran has been facing sanctions for more than three decades and the only purpose is not to allow its oil to reach international markets. However, lately, China, India, Japan and Korea have emerged as main buyers of Iranian oil. Taking Iranian oil to …

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Past and present scenario of CNG in Pakistan

  The supply and use of CNG in the transportation industry has adversely affected the economy. CNG was introduced for transportation in late 90’s to counter the rise in price of oil which caused inflation from the supply side. The idea for introducing CNG was to provide cushion to the consumers specially the transportation network to keep the prices at low level. As the price of fuel based on international …

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Coal power generation in the world

  Coal is a valuable and plentiful natural global resource. Not only does coal provide electricity, it is also an essential fuel for steel and cement production, and other industrial activities. World coal consumption was about 7.25 billion tones in 2010 and is expected to increase 48 per cent to 9.05 billion tones by 2030. Total world coal production reached a record level of 7,678 million tones (mt) in 2011, …

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Oil lobby not allowing any other means of power generation

  Government not focused on exploiting potential of other indigenous resources like solar and coal Energy is considered as lifeline of a country’s socio-economic and human development but its scarcity results in grinding halt to almost every sector of life. Pakistan like other Asian countries is also faced with acute energy shortage, especially of electricity, the main source of energy. The electricity crisis did not emerge overnight because the issue …

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Burning midnight coal

  It is important for Pakistan to increase the generation capacity of the country; unfortunately relevant ministry couldn’t address the power crisis as quickly as was expected by the people. It’s simply because there has never been a long-term, realistic policy on power generation. Pakistan meets its power requirement from hydro, furnace oil fired steam, combined cycle gas plants and diesel oil fired electricity generating plants. Currently about 30 per …

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Mystery behind unexploited Thar coal

  It was in 1992 that the Geological Survey of Pakistan (GSP) discovered huge deposits of coal – the second largest in the world – in Tharparkar District, Sindh. Thar coal field is estimated to have reserves of 175 billion tons, 68 times higher than Pakistan’s total gas reserves. Thar coal has been declared lignite type, spreads nearly 10,600 square kilometers, with power generation potential of 100,000 MW consuming 536 …

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