supply

KARACHI: The citizens of the metropolis on Thursday suffered massive disruption in water supply after a pipeline at the Dhabeji pumping station burst this morning. Karachi Water & Sewerage Board teams were deployed to repair the damaged pipeline, thus halting supply to the city until the repair work completes. The executive engineer at the KWSB said the pipeline that has 72-inch diameter burst today due to power breakdown, resultantly suspending water supply to many areas of the city. The main sources of water…

OPEC agreed with Russia and other oil-producing allies to raise output from July, with Saudi Arabia pledging a “measurable” supply boost.

KARACHI: In a reply to the letter of Federal Energy Minister Awais Leghari, Sindh Chief Minister Syed Murad Ali Shah on Saturday said the Karachi Water & Sewerage Board (KW&SB) has a claim of about Rs18 billion against various federal government entities operating in Karachi, which should be delinked from the additional gas supply to the K-Electric (KE). The CM expressed remorse over non-payment of dues by the federal government entities despite several notices. The Sindh chief minister, referring to Awais…

LONDON: Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. crude inventories and a weaker U.S. dollar. The Organization of the Petroleum Exporting Countries and allies including Russia began to curb supplies in 2017. An involuntary drop in Venezuela’s output in recent months has deepened the impact of the curbs. Brent crude LCOc1, the international oil benchmark, hit $71.20 a barrel - the highest since early December 2014. At…

LONDON: Oil prices fell more than 1 percent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fueled concerns that the global glut will persist.

SINGAPORE: Oil turned higher in Asia Wednesday, but the US benchmark remained below $44 a barrel as a pick-up in the dollar and rising Iranian crude production limited gains, while traders await the release of inventories later in the day.

PARIS: The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said Friday, noting oil's "remarkable recovery" over recent weeks.

KARACHI: Several areas of Karachi suffered acute water shortage after water level in Hub Dam reached a ‘dead level’.