Oil prices decline on potential supply hikes; Trump-Putin eyed
Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second straight week
Oil edges lower, set for big weekly decline
Brent crude eased 36 cents, or 0.5 percent, to $74.09 by 0326 GMT. On Thursday it gained $1.05 a barrel, rebounding from a session low of $72.67. It is heading for a weekly fall of nearly 4 percent
LNG prices rise, as rupee depreciation and global commodity prices bite in
For Pakistan State Oil (PSO), import cost is 10.11 per mmbtu and Pakistan LNG Limited (PLL) at $10.4 per mmbtu
US soon to leapfrog Saudis, Russia as top oil producer
The United States led the world in oil production for much of the 20th century, but the Soviet Union surpassed America in 1974, and Saudi Arabia did the same in 1976, according to Energy Department figures
Brent oil gains $1 to claw back some losses
Brent crude rose $1.31, or 1.8 percent, to $74.71 by 0242 GMT after slumping 6.9 percent on Wednesday
Ogra awards $370 million oil pipeline contract to FOC
In violation of the rules laid down by ECC which clearly state any oil pipeline project has to ratified by the federal cabinet, OGRA awarded the licence to Frontier Oil Company
Neelum Jhelum project’s power intake system completed
ISLAMABAD: The Power intake system of Neelum Jhelum Hydropower Project at dam site has been completed with the operationalisation of the third...
Massive overhaul required for prevailing flood forecasting mechanismÂ
LAHORE: Pakistan was not able to acquire the monsoon monitoring capability following the lack of required skilled manpower and modern forecasting equipment...
NEPRA reduces tariff control period for five years in reviewed order for MSW power projects
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued a reviewed order with respect to the upfront tariff determination for Municipal...
Slippage in billing collection and other factors causing rise in circular debt
A loan facility of up to Rs431 billion for Discos was arranged by PHPL/CPPA-G on part of Discos for FY17 as a term finance facility
Brent crude drops more than $1 after U.S. softens stance on Iranian sanction waivers
Washington will consider requests from some countries to be exempted from sanctions it will put into effect in November to prevent Iran from exporting oil, U.S. Secretary of State Mike Pompeo said on Tuesday
IESCO top brass making efforts to save officials involved in fraud
Also, IESCO suffered losses of Rs222 million in twenty-three other contracts in which the contractor was granted favour by the project director
SBP explains collection mechanism for Dams Fund, banks to contribute as well
On media queries, Shamsul Hasan clarified that arrangement had also been made at banks to receive donations in Diamer-Basha and Mohmand Dam Fund from abroad.
Do not blame OPEC, oil producer group says of Trump criticism
Global oil prices have climbed steadily this year, helped by rising demand, and topped $80 per barrel in May for the first time in 3-1/2 years
Oil prices climb over escalating worries of supply shortages
Brent crude had added 32 cents, or 0.4 percent, to $78.39 per barrel by around 0303 GMT, following a 1.2-percent climb on Monday