Oil extends losses as economic slowdown concerns return

Oil extended losses on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi...

Oil falls as global economic backdrop outweighs Saudi output cut

Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed...

ECC likely to approve framework agreement with Azerbaijan’s SOCAR for LNG procurement

Pakistan set to take strategic step to secure cheaper LNG, enhance energy cooperation with Azerbaijan

OPEC+ begins meetings that may agree further output cuts

OPEC and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as...

Could Custom Bonded Warehouses be the way to efficient petroleum imports? 

Petroleum division suggests custom bonded warehouses for foreign suppliers as a possible stop-gap solution to import woes. 

Imported Russian oil to gradually reduce fuel prices, Musadik Malik emphasises

Supply of inexpensive Russian oil to Pakistan to commence in a week

Oil falls on US debt deal struggles, OPEC+ talks uncertainty

Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the U.S. debt ceiling pact cooled the market's...

Four months after January blackout, investigation still delayed as corruption allegations loom

Senate Committee expresses concern over delayed investigation into power blackout. Calls for action against corruption and swift action

Pakistan to receive Russian imported oil in small ships via Oman

ISLAMABAD: Minister of State for Petroleum Musadik Malik on Wednesday said that the first ship carrying 100,000 tonnes of crude oil will...

PM Office raises concerns over unauthorised withdrawal of show cause notice by Petroleum Division

Controversy surrounds exploration license extension for Zamzama North Block

OGDCL to fuel Pakistan’s energy needs with new gas and oil production

OGDCL's Bettani field prepares to deliver energy boost to Pakistan

Oil slips as U.S. debt caution offset supply concerns

Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about demand recovery in China offset support...

DISCOs, KE seek power tariff hike for April under FCA and quarterly adjustments

ISLAMABAD: Power Distribution Companies (DISCOs) have requested a Rs 2.01 per unit increase in electricity tariff for April 2023, while K-Electric has...

PM urges reduced prices of essential items, transport following POL price cuts

Days after a significant reduction in petroleum prices, Prime Minister Shehbaz Sharif has directed relevant authorities to ensure that the benefits of...

Cabinet grants exemption to SSGC-LPG for spot cargo imports to address gas shortages

Govt approves exemption for SSGC-LPG to import LPG spot cargoes, ensuring stable pricing