CPEC to make Pakistan industrial hub in South Asia: Ahsan Iqbal
ISLAMABAD: Minister for Planning, Development and Reform Ahsan Iqbal has said that Pakistan would soon become an industrial hub in South Asia,...
Oil prices near $80 per barrel, as supplies tighten
The International Energy Agency (IEA) said on Wednesday that it had lowered its global oil demand growth forecast for 2018 from 1.5 million barrels per day (bpd) to 1.4 million bpd
Commercial banks refuse to lend Rs50 billion to PHPL for decreasing circular debt
And the situation of the energy supply chain is dismal as the country’s largest oil marketing company (OMC) Pakistan State Oil is facing a prospect of default due to its receivables ballooning to Rs330 billion
Oil edges lower as supply concerns return
Brent crude futures were down 17 cents, or 0.2 percent at $73.28 a barrel by 0232 GMT, after rising 1.5 percent on Thursday.
HUBCO recommends federal govt to provide furnace oil at zero sales tax: Report
ISLAMABAD: Hub Power Company (HUBCO) chief executive officer has recommended the federal government to provide furnace oil at zero rate of sales...
US warns German firms of possible sanctions over Russia pipeline
BERLIN: The US ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that...
FBR releases notification for hike in petroleum products
ISLAMABAD: The Federal Board of Revenue (FBR) on Sunday released the notification for an increase in prices of petroleum products. The recent hike, which...
Oil crash means more misery ahead for US shale producers
An unprecedented crash in oil prices is adding pressure to already stressed US producers, threatening key shale regions and putting vulnerable companies...
OGRA invites complaints regarding irregularities in service
PESHAWAR
The Oil and Gas Regulatory Authority (OGRA) has urged the consumers of Khyber Pakhtunkhwa province to lodge their complaints at its regional...
Senate sub-committee for judicious fund utilisation in gas producing districts
ISLAMABAD: Sub-Committee on the Senate Standing Committee on Energy Monday underlined the need for judicious utilisation of development funds in oil and...
Dewan Petroleum given clean chit in Rs36 billion gas pricing dispute
ISLAMABAD: A dispute which erupted after a rise in well-head gas price regarding Dewan Petroleum has been resolved after an arbitrator appointed...
Oil prices slump as Trump announces exit from Iran nuclear deal
As US President Donald Trump announced that the United States will exit the Iran nuclear deal, oil prices tumbled as media speculation...
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
Govt directs domestic refineries to use ‘deemed duty’ for upgradation of facilities
According to a notification issued by the Ministry of Energy (MoE), the government has directed refineries to sign commercial agreements with power producers for using their capacity for furnace oil storage
Calls mount for new OPEC+ deal as oil prices and demand slide
MOSCOW/DUBAI/LONDON: Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as the...