Trump to visit Saudi Arabia, Qatar, UAE from May 13
Washington (Agencies): US President Donald Trump is set to embark on a three-nation tour of the Middle East from May 13 to May 16, 2025, as announced by Press Secretary…
Pakistan Boosts Oil Reserves by 23%, Eyes U.S. Imports and Turkish Partnership for Energy Security
Islamabad (Agencies): Pakistan has reported a significant 23% increase in its domestic oil reserves, marking the first major boost since 2020. According to a recent report by Arif Habib Limited,…
Oil price hits four-year low
NEW YORK (Agencies): Oil prices tumbled over 3% on Monday, deepening last week’s losses, as escalating US-China trade tensions heightened fears of a recession that could slash crude demand. Global…
U.S. Extends Sanctions Waiver for Turkey’s Russian Gas Payments
Ankara (Agencies): The United States has granted Turkey a three-month extension on its sanctions waiver, allowing the country to continue paying for Russian natural gas through Gazprombank, a Russian financial…
U.S. Weighs Inspecting Iranian Oil Tankers to Curb Exports
Washington (Agencies): The United States is considering implementing maritime inspections of Iranian oil tankers in international waters, a move that could significantly disrupt Iran’s oil exports, particularly to China. According…
Iraq Encourages Kuwait to Join Development Road Project
BAGHDAD (Agencies): Iraqi Prime Minister Mohammed Shia Al-Sudani has called on Kuwait to participate in Iraq’s strategic Development Road project during a meeting with Kuwaiti Ambassador to Iraq, Hassan Zaman,…
Are Installing 7500 MW of New IPPs a Blessing or a Curse for Pakistan?
Pakistan’s energy sector is again under inspection as the government intent to add 7500 MW of new Independent Power Producers (IPPs) to the national grid. While this move assures to…
Bangladesh Signs First Major LNG Deal with U.S.
DHAKA (Agencies): Bangladesh has signed a landmark agreement with Louisiana-based Argent LNG, marking its first major liquefied natural gas (LNG) supply deal with the United States. The deal, valued at…
Russia Takes Control of Ukrainian Lithium Mines
MOSCOW (Agencies): Russia has captured two of Ukraine’s four lithium deposits since it launched its all-out invasion in 2022, potentially depriving Kyiv of a key economic resource. On January 11,…
Kuwait Announces ‘Significant’ Oil Discovery
Kuwait City (Agencies): The Kuwait Oil Company announced the discovery of a new oil reserve in the Al-Julaiah offshore field within its territorial waters yesterday. The discovery, estimated at around…