What is a negative crude future and does it mean anything for consumers?
Supply of fuel has been far above demand since the coronavirus forced billions of people to stop traveling. Because of oversupply, storage...
US oil bounces after crash but Asian stocks suffer big losses
US crude prices bounced back into positive territory Tuesday, a day after crashing below $0.00 for the first time owing to crippled...
US to add 75mln barrels of oil to strategic reserve: Trump
WASHINGTON: President Donald Trump said Monday the US would take advantage of the historic drop in oil prices to buy 75 million...
Oil crashes, ends negative for the first time in history
US crude oil futures turned negative on Monday for the first time in history, ending the day at a stunning minus $37.63...
CCE decides to hold wrongdoers in power sector accountable
ISLAMABAD:Â The Cabinet Committee on Energy (CCE) on Monday decided to hold wrongdoers in the power sector accountable for their deeds.
Sources told this...
Govt asked to rescue petroleum dealers from bankruptcy
ISLAMABAD: The Petroleum Dealers Association and All Pakistan CNG Association on Monday urged the government to intervene as petroleum dealers had reached...
Omar Ayub asks IPPs to lower power tariff
ISLAMABAD: Energy Minister Omar Ayub Khan on Monday held a meeting with the independent power producers (IPPs) to discuss lowering of tariff...
Saudi Arabia gets physical with Russia in underground oil bout
MOSCOW: Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights...
Poor circular debt handling cost exchequer Rs4,082bn over 13 years
ISLAMABAD:  A committee formed to probe the losses in the power sector has alleged that the governments’ failures to contain the circular debt...
Oil climbs as Trump lays out reopening of virus-hit US
But prices found some support as traders headed into the weekend after Trump laid out guidelines for a reopening of the world's top economy — which accounts for the most virus deaths of any country.
IPPs may agree to tariff cut as negotiations with govt continue
ISLAMABAD: Some representatives of Independent Power Producers (IPPs) have expressed willingness to reduce power tariff and review power purchase agreements, Pakistan Today...
AEDB allows 18 entities to set up 653MW power plants
ISLAMABAD: The Alternative Energy Development Board (AEDB) has issued the letter of support (LOS) and the letter of intent (LOI) to 18...
Oil near 18-year lows on demand devastation warning
Oil languished at multi-year lows Thursday, with WTI crude close to its weakest level since 2002, as dire warnings about a virus-triggered...
Oil market falls too big to offset with output cuts, IAE warns
LONDON: The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to...
Oil prices rise as Trump flags deeper output cuts
Oil prices rose Tuesday after US President Donald Trump said producers are considering cutting 20 million barrels per day — more than...