The United Arab Emirates (UAE) has clarified that its decision to exit OPEC and OPEC+ was not directed against any country, with the move instead aimed at advancing national economic and industrial priorities, according to UAE Minister of Industry and Advanced Technology Sultan Al Jaber. Read More: United Arab Emirates Leaves OPEC, Reshapes Global Oil Market […]
energy policy
US ends waiver on India discounted purchases of Russian oil
WASHINGTON: The United States (US) has announced the termination of a waiver previously granted to India that allowed discounted purchases of Russian crude oil, marking a shift in Washington’s approach to energy-related sanctions. Read More: US approval for Russian oil sparks outrage from Indian opposition According to reports cited by an Indian publication, Indian rokefineries had placed orders for nearly […]
Pakistan reviews fuel pricing system amid uncertainty
Islamabad – Pakistan fuel supply system is facing renewed uncertainty as the government considers major changes to the current weekly pricing mechanism for petroleum products. Officials say the review comes at a time of heightened volatility in global markets, driven by rising tensions around the strategically critical Strait of Hormuz. Read More: Pakistan adopts calibrated approach […]
Pakistan reviews impact of Iran-US conflict
Pakistan: In Islamabad, a high-level consultative meeting was held at the Aiwan-e-Sadr to assess the economic, energy, and security challenges arising from the ongoing tensions between Iran and the United States (US). Read More: PM Shehbaz Sharif reaffirmed Pakistan’s role in Iran US dialogue The meeting was chaired by President Asif Ali Zardari and attended by Prime Minister Shehbaz […]
Japan to ease coal power limits amid energy crunch
TOKYO: Japan plans to temporarily relax restrictions on coal fired power plants as it grapples with an energy shortage triggered by the ongoing Middle East conflict, a government official confirmed on Friday. Read More: Japan’s largest nuclear plant nears historic restart The move will allow older and less efficient coal-fired plants to operate at full capacity for one […]
Miftah Ismail urges caution on Pakistan’s ethanol blending policy
ISLAMABAD — Miftah Ismail has called for a careful and thoroughly researched approach to Pakistan’s ethanol blending policy, emphasizing that hasty decisions could create challenges for both the industry and consumers. Read More: Sugar millers demand deregulation to boost industry growth and exports Speaking to The News, the Awaam Pakistan Party (APP) leader noted that […]
Fuel prices jump as Pakistan shifts to weekly review
Pakistan’s federal government has sharply increased petrol and diesel prices and announced a shift to weekly fuel price reviews amid rising global oil costs triggered by escalating tensions in the Middle East. Speaking at a press conference in Islamabad, Petroleum Minister Ali Pervaiz Malik confirmed that petrol prices had been raised by Rs55 per litre, […]
FPCCI challenges power circular debt figures
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has disputed the Power Division’s latest circular debt report, arguing that the figures reflect accounting adjustments rather than any real improvement in the efficiency or financial health of the power sector. Read More: Power sector circular debt edges up despite payments In an analysis shared with the National […]
India detains environmental activist over foreign funded fossil fuel campaign
India authorities on Wednesday detained environmental activist Harjeet Singh as part of a probe into foreign funding for campaign aimed at influencing the country’s energy policies. Singh, who leads the NGO Satat Sampada (Nature Forever) with his wife Jyoti Awasthi, was briefly held and later released, officials said. The organization has been promoting the Fossil […]
Federal cabinet extends off-grid power levy framework
ISLAMABAD: The federal cabinet on Tuesday approved the extension of the Off-Grid Power Plants Levy Act 2025 to include the sale of gas to captive power plants by third parties, as it cleared a series of key policy and legislative measures alongside major economic decisions. Read More: Cabinet panel approves key board appointments across major […]