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Pakistan Pulls Back on LNG as Cheaper Fuels Take Over
Pakistan is scaling back its dependence on imported LNG as volatile global prices and a weakened currency strain its economy. The government is deferring gas deliveries and turning instead to coal, hydropower, and nuclear energy to stabilize supply and reduce import costs. Cheaper coal and expanding hydro and nuclear capacity, much of it financed by China, are reshaping the country’s power mix. Yet persistent debt, rigid contracts, and grid inefficiencies keep electricity among the most expensive in South Asia. Pakistan’s main buyer…
Categories: Oil news
Crude Oil, Distillates Inventories See Minor Build as Prices Sink
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 1.3 million barrels in the week ending November 7, after analysts anticipated a 1.7 million barrel build. Crude oil inventories gained 6.5 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net gain of 4.9 million barrels for the year, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum…
Categories: Oil news
Crude Oil, Distillates Inventories See Minor Build as Prices Sink
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 1.3 million barrels in the week ending November 7, after analysts anticipated a 1.7 million barrel build. Crude oil inventories gained 6.5 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net gain of 4.9 million barrels for the year, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum…
Categories: Oil news
China's Clean Energy Dominance Is Reshaping the Global South
The United Nations’ annual climate conference kicked off on Monday in Brazil with a very notable absence. In a historic political statement, the United States did not send any high-level representation to the flagship COP30 conference in Belem, the biggest and more important international event of its kind. This omission comes on the heels of the Trump administration’s decision to pull the country out of the Paris climate agreement. But while the world’s largest economy is taking a step back from decarbonization and clean energy…
Categories: Oil news

