oil

News DeskIslamabad: Pakistan could face disruptions in fuel availability after petrol pump owners announced a nationwide strike, rejecting the government's proposed daily petroleum pricing mechanism following unsuccessful negotiations.…

AFPESBJERG, Denmark: In the North Sea, where Denmark once drilled for oil, imported European carbon dioxide will soon be buried beneath the seabed as part of a carbon capture and storage (CCS) project nearing completion.CCS…

AFP/APPBelém: Brazil’s President Luiz Inacio Lula da Silva on Friday said the Earth can no longer sustain humanity’s dependence on fossil fuels, warning that without confronting this reality, the battle against climate change will be…

News DeskIslamabad: A substantial relief in petroleum product prices is anticipated starting May 16, 2024, according to senior officials from the Ministry of Energy.It is projected that the price of petrol may decrease by 13 rupees…

AFP/APPHong Kong: Asian stocks tumbled Friday, and oil extended the previous day's surge on worries that Israel's war with Hamas could widen to a regional conflict with Iran as both sides ratcheted up tensions.The threat of regional…

AFP/APPParis: After a relentless two weeks of negotiations at COP28, no agreement was reached on carbon credit sales. This outcome brought relief to non-profits that had opposed the proposed deals but also raised concerns about a…

AFP/APPDubai: Saudi Arabia's energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN's COP28 climate talks, setting the stage for difficult negotiations in Dubai.A tentative "phasedown/out" was…

News DeskIslamabad: In a world grappling with the mounting challenges of climate change, the use of coal as a primary energy source has faced heightened scrutiny. This comes as Renewables First, an Islamabad-based think tank, releases…

Xinhua/APPMacao: The Tourist Price Index (TPI) of Macao for the third quarter of 2023 increased 22.22 percent year-on-year to 141.16, informed Special Administrative Region’s (SAR) stats service on Friday.The Statistics and Census…

News DeskKuala Lumpur: Malaysia’s production of crude oil and condensate, and natural gas dropped in the second quarter of 2023, falling by 3.3 per cent and 3.7 per cent respectively, according to official data released on Friday.…