Oil prices rise on Iran sanctions, but U.S.-China row mutes’ trading
Brent crude oil futures were at $75.07 per barrel at 0424 GMT, up 34 cents, or 0.5 percent, from their last close
Pakistan’s energy-linked imports soar 34 percent, touch $1.27 billion in July
Liquefied Natural Gas (LNG) imports soared 144 percent to $332 million during July 2018 against $135.2 million in July 2017 due to the commencement of operations at various RLNG based power plants, said PBS
ISGS to put fate of white oil pipeline project before PTI government
Ogra disregarding ISGS granted the other similar pipeline project to FOC without conducting a public hearing for it
U.S. oil extends gains after crude inventories fall
U.S. commercial crude oil inventories fell by 5.8 million barrels in the week to Aug. 17 to 408.36 million barrels, the Energy Information Administration (EIA) said on Wednesday
Aramco listing plan halted, oil giant disbands advisors – sources
The financial advisors working on the proposed listing have been disbanded, as Saudi Arabia shifts its attention to a proposed acquisition of a “strategic stake” in local petrochemicals maker Saudi Basic Industries Corp, two of the sources said
Oil firm on tighter U.S. outlook, but strategic reserve release caps market
International Brent crude oil futures were down 9 cents, at $72.12 a barrel
Break-up monopoly of SNGPL, SSGC & separate distribution from transmission, says: Iqbal Z. Ahmed
When JJVL commenced operations, there was a monopoly of around six companies at that time and now 130 entities existed, crediting itself for the efforts of bringing distribution down to the district level, said Iqbal Z. Ahmed
Rs1.9 trillion of liabilities & receivables would need restructuring by new govt: Report
Pakistan International Airlines (PIA) liabilities are projected to be around Rs380 billion, recording a 123 percent surge in the last five years when it stood at Rs170 billion
Power division set to use furnace oil instead of RLNG to generate power
ISLAMABAD: Power Division is all set to increase the use of furnace oil for power generation. As a result, power prices will...
Iran says no OPEC member can take over its share of oil exports
Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq
Russian oil industry would weather U.S. ‘bill from hell’
While the ruble has fallen more than 10 percent and Russian banking stocks have slumped 20 percent since the legislation was introduced, shares in Russian oil firms have climbed 2 percent, leaving them 27 percent higher so far in 2018
Energy minister presents guidelines for improving power sector
Minister for Energy Barrister Syed Ali Zafar said the issues of Diamer Basha and Mohmand Dams have to be resolved immediately and once and for all and run of the rivers projects like Sukki Kinari have to be implemented
Incoming PTI government set to inherit Rs1.1 trillion of circular debt
The committee was told PHPL is entitled to pay Rs153 billion in annual interest on the loans obtained
Two RLNG based power plants face shutdown, as outstanding dues swell to Rs30 billion
There are concerns two major power plants producing 10 percent of overall peak summer generation would shut down in a week’s time if their outstanding dues of Rs30 billion aren’t cleared
PGPC refuses to clear duty while Customs decides to initiate proceedings: sources
ISLAMABAD: A new controversy has emerged as Pakistan Gas Port Consortium (PGPC) has so far refused to pay customs duty and withholding...