Louisiana Light • 2 days | 78.61 | -1.95 | -2.42% | |||
Bonny Light • 21 hours | 81.28 | +1.10 | +1.37% | |||
Opec Basket • 2 days | 85.00 | +1.11 | +1.32% | |||
Mars US • 28 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 5 hours | 2.121 | -0.055 | -2.51% |
Bonny Light • 21 hours | 81.28 | +1.10 | +1.37% | |||
Girassol • 21 hours | 81.92 | +1.12 | +1.39% | |||
Opec Basket • 2 days | 85.00 | +1.11 | +1.32% |
Peace Sour • 20 hours | 59.71 | -1.90 | -3.08% | |||
Light Sour Blend • 20 hours | 63.56 | -1.90 | -2.90% | |||
Syncrude Sweet Premium • 20 hours | 68.16 | -1.90 | -2.71% | |||
Central Alberta • 20 hours | 61.71 | -1.90 | -2.99% |
Eagle Ford • 2 days | 72.44 | -1.90 | -2.56% | |||
Oklahoma Sweet • 2 days | 72.00 | -2.00 | -2.70% | |||
Kansas Common • 5 days | 65.00 | -0.75 | -1.14% | |||
Buena Vista • 3 days | 83.98 | +1.45 | +1.76% |
The rapid growth of artificial…
Oil prices are falling rapidly…
Pakistanâs endemic power crisis has reached a new level, with ongoing fuel scarcities and unpaid bills leading to the temporary closure of 12 of the countryâs power plants.
During the dispute over unpaid bills and oil fuel shortages several power plants have discontinued supplying electricity to Pakistan Electric Power Company (PEPCO) while Sui Northern systems has also been beset by technical problems, resulting in the shutdown of five power plants.
Independent power producers (IPPs) have stopped providing power to PEPCO due to its failure to pay its bills in a timely manner, a problem exacerbated by shortages of oil and natural gas needed to power the plants, resulting in the shutdown of five power plants that were collectively producing 1,450 megawatts of electricity, Geo News reported.
Pakistanâs electricity shortage has now reached 4,760 megawatts, as the countryâs power plants are currently generating 13,240 megawatts while demand is 18,000 megawatts.
In Lahore, the city is now facing a daily power outages of 10-12 hours while in Karachi, Pakistanâs largest city, the blackouts now extend up to 10 hours, with power cuts also producing acute water shortages. In the rural countryside the situation is even worse, with blackouts now lasting up to 16 hours a day.
By. Joao Peixe, Deputy Editor OilPrice.com
Oil Prices Fall Further As U.S. Crude Oil Inventories See Major Build
Second Israel-Linked Vessel Seized in the Gulf of Aden
OPEC Said To Consider Additional 1 Million Bpd Output Cut
OPEC+ Reaches Preliminary Agreement to Deepen Oil Production Cuts
Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com