WB to provide additional $700 million for Dasu Hydropower Project
The World Bank Board of Directors has approved a $700 million additional financing to help Pakistan generate low-cost, renewable energy to provide...
Oil ends March with biggest monthly and quarterly losses ever
NEW YORK: Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both US and Brent futures were...
Attock refinery to close in a week unless demand rises, says top official
Attock Refinery is operating its 54,000 barrels per day (bpd) plant at 29 per cent capacity and is prepared to shut the...
LPG price reduced by Rs39 per kg
ISLAMABAD: After petroleum products, the Oil and Gas Regulatory Authority (OGRA) has notified a decrease in the price of locally produced Liquefied...
Oil prices rebound strongly, WTI crude up more than 7%
Oil prices rebounded strongly in Asian trade Tuesday a day after falling to 18-year lows, as investors took heart from moves by...
Saudi Arabia plans to boost oil exports to 10.6 million bpd from May
DUBAI: Saudi Arabia plans to boost its oil exports to 10.6 million barrels per day from May because the country is burning...
Imran Khan directs ministry not to increase gas tariff
ISLAMABAD: No additional burden would be shifted to the gas consumers, rather steps would be taken to facilitate them under the recently...
Oil plunges to lowest level since 2003
LONDON: Oil prices slumped a new on Friday with Brent North Sea crude plumbing a 17-year low owing to massive oversupply as...
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...
Petroleum Division says POL prices to remain intact for April
ISLAMABAD: The government on Friday made it clear that oil prices would remain unchanged for the month of April this year.
In a...
CNG price reduced by Rs9 for Punjab, Islamabad
ISLAMABAD: The All Pakistan Compressed Natural Gas Association (APCNGA) on Friday announced to reduce the commodity price by Rs9 per liter for...
CCoE for enhancement of oil storage capacity
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Friday asked the concerned ministry to take necessary steps and enhance the national storage...
Oil gains as govts pledge support amid coronavirus chaos
Oil prices rose on Friday as governments around the world pledged a huge injection of funds and other measures to limit the...
Global oil refiners to deepen output cuts as coronavirus destroys demand
SINGAPORE/NEW DELHI/SEOUL/HOUSTON: Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more...
Oil majors slash 2020 spending 18pc after prices slump
LONDON: The world’s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a...