Energy prices: industry begins to buckle?
The World Bank’s latest Pakistan Development Update released in October 2022 highlights the rapid rise in inflation in Pakistan over the past year, and aptly identifies its key drivers: *…
High energy prices could sink US stocks during earnings season
Sky-high oil prices pose yet another obstacle to US corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into the red. Brent crude…
Pakistan and energy prices
Oil prices have not been raised in Pakistan this month but gas tariff has. We have earlier discussed in this space why electricity costs are high in Pakistan. This creates…
High energy prices strangling economy
The week ended 4th April was witness to two unprecedented events. Firstly, the Chief Justice of Pakistan established an Enquiry Commission, under the chairmanship of the former Justice Bhagwandas, to…
A coherent energy plan
The government recently increased prices – across the board – of gas that is supplied through the country’s distribution network. The increase in prices, although justified and which may bode…
More OPEC+ cuts likely next year, as oil prices plunge
The Organization of the Petroleum Exporting Countries and allies (OPEC+) are likely to extend or even deepen oil supply cuts into next year, after a more than 15% drop in…
Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
Exxon Mobil and Chevron are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the two largest US energy…
Export sector: prohibitive energy costs
If the economy is to be stabilized, exports can no longer afford to pay for the energy sector’s failures and inefficiencies, and the government’s social obligations. Power tariffs in Pakistan…
Handling the energy crisis
The relentless rise in electricity prices in Pakistan has taken a severe toll on domestic consumers, large-scale manufacturing, traders, and small and medium-sized enterprises (SMEs). The situation has reached a…
Managing energy imports to save forex reserves
Pakistan relies on imports for 49 percent of its primary energy supplies, which strains its already limited foreign exchange reserves. As of April 2023, Pakistan’s total net reserves were US$…
