OPEC Oil Production Dips in April, Casting Shadow on Upcoming Meeting
OPEC reports a in crude oil production of 48,000 bpd decrease in April, ahead of the OPEC+ meeting on future production levels. In its latest monthly report, OPEC revealed a…
U.S. Oil Reserves Sufficient Amid Market Uncertainties: Energy Adviser
President Joe Biden’s energy adviser reassured the nation that the United States maintains a robust supply of oil within SPR to address any potential supply concerns. In a recent statement,…
China’s AI Startups Rise to Challenge OpenAI’s Global Dominance
In the wake of OpenAI’s ChatGPT’s unavailability in China, a new era of opportunity has dawned for a cohort of Chinese AI startups. In the wake of OpenAI’s ChatGPT’s unavailability…
Estonian Startup 10Lines Secures €1.5M in Series A Funding
Estonian robotics startup, 10Lines, specializing in developing and manufacturing autonomous line-marking robots, has successfully raised €1.5 million in Series A funding. Estonian robotics startup, 10Lines, specializing in developing and manufacturing…
Tech Titans: Exploring Dominance of World’s Largest Tech Companies
Investing in tech companies offers unparalleled potential for high returns but requires diligent research and a focus on long-term fundamentals. In recent decades, the tech industry has experienced an unprecedented…
Red Sea Disruptions and OPEC+ Cuts Tighten Oil Markets
Disruptions in Red Sea shipping routes and ongoing OPEC+ supply cuts are driving tightening conditions in oil markets, leading to a surge in futures prices. Recent disruptions in Red Sea…
BYD to Establish EV Factory in Mexico, Eyes U.S. Export Hub
EV giant BYD Co Ltd is set to expand its global footprint with the establishment of a new manufacturing factory in Mexico, as reported by Nikkei on Wednesday. Chinese electric…
Pakistan’s B2B Star Bazaar Shrinks: Layoffs & Verticals Closed
Bazaar Technologies has encountered significant challenges, leading to the shutdown of two newly launched verticals and the layoff of approximately 600 employees. In a recent turn of events, Bazaar Technologies,…
Caretaker Government Revamps Electricity Act for Competition
In a bid to revamp Pakistan’s power sector and introduce a competitive electricity market, the government has directed the Power Division to amend the National Electricity Act 1910. In a…
US Crude Oil Production Hits Record High of 13.31 Million Barrels per Day
U.S. crude oil production reached a new milestone in November, escalating by 0.6% to a record-breaking 13.31 million barrels per day, according to the latest report from EIA. In a…
Pakistan’s Remarkable Strides Towards Clean Energy Ignite Global Interest
The World Wind Energy Association (WWEA) has applauded Pakistan’s commendable progress in the realm of clean electricity production. In a groundbreaking development, the World Wind Energy Association (WWEA) has applauded…
PTA Slashes MVNO Fees, Opens Door for New Mobile Players in Pakistan
The PTA has introduced a revised framework that empowers the market to determine Mobile Virtual Network Operator (MVNO) license fees. The Pakistan Telecommunication Authority (PTA) has announced a sweeping reduction…