Oil prices decline, as US crude output soars
SINGAPORE: Oil prices fell on Tuesday, extending losses from the previous session, as the inexorable rise in U.S. crude output weighed on...
Electricity access to least developed countries could bring them out of poverty: UN report
BANGKOK: The world’s least developed countries need access to electricity if they are to break out of poverty, according to a U.N....
GE shares tumble below $9 as JP Morgan analyst cuts price target
GE shares, which were booted from the blue-chip Dow Jones Industrial Average earlier this year, have now slumped some 50 percent in 2018 alone
Energy imports surge 23.7 percent on back of oil price rises, rupee devaluation
Imports of petroleum crude surged 66 percent in dollar-denomination and 29 percent in volumetric termsto $4.22 billion and 10.40 million tons, said PBS
Oil falls as virus infections rise, eyes on EU recovery plan
LONDON: Oil prices fell on Monday as coronavirus cases increased in many countries across the globe, but investors remained cautiously optimistic about...
Dollar steady in safe-haven trade, sterling gains slightly on Brexit deal news
The greenback and the yen, both considered safe-haven currencies advanced as traders fear that last week’s capitulation in oil prices suggests that the global economic recovery is losing steam
Oil prices fall 1.5 percent on OPEC’s deal to raise output
Brent crude futures were at $74.22 per barrel at 0455 GMT, down 1.8 percent from their last close
Pol products output posts 12.31 percent increase during July-March FY18
The production of high-speed diesel grew 13.56 percent, diesel by 28.10 percent, while furnace oil production witnessed a growth of 6.55 percent
Demand for gas likely to rise following lifting of moratorium on new gas connections
Recently, the federal government lifted the moratorium on the issuance of new gas connections despite the availability of gas remaining highly challenged.
Sui...
Petrol prices may rise by Rs1.48 per litre based on OGRA proposal
LAHORE: The Oil and Gas Regulatory Authority (OGRA) on Wednesday recommended a hike of Rs 1.48 per litre in the price of...
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
Oil prices edge up amid uncertainty over fallout from Iran sanctions
The most-active Brent crude futures contract, for December, had risen 18 cents, or 0.22 percent, to $81.56 per barrel by 0126 GMT. That was close to a four-year high of $82.55 struck on Tuesday
Power Division to meet with CPEC investors individually to fast-track energy projects
ISLAMABAD: The Power Division has decided to engage and meet with all investors of the China Pakistan Economic Corridor (CPEC) energy projects...
OCAC reassures public about non-shortage of petrol
Karachi: Oil Companies Advisory Council (OCAC) on Thursday said there were adequate stocks of POL products in the country and ruled out...
Stringent fines expected if coal power projects not completed on time
LAHORE: Any prolonged delays in coal-fired power projects being established in Sindh, would be penalized heavily said the government as it would...