OPEC slashes oil demand forecast again, sees biggest hit this quarter
LONDON: OPEC slashed its forecast on Wednesday for global oil demand this year and predicted this quarter would see the steepest decline...
Diamer-Bhasha dam contract awarded to Power China-FWO
The Rs442bn agreement includes construction of main dam, diversion system, access bridge and 21MW Tangir Hydropower Project
Govt considering buying oil in advance to benefit from global prices
ISLAMABAD: The federal government is considering taking benefit of the decline in global oil prices by purchasing the oil in advance and...
Centre fails to pay KP Rs70m for Machai electricity     Â
PESHAWAR: Despite completion of 2.6megawatt Machai Hydel Power Project (MHPP) three and half years ago, the Khyber Pakhtunkhwa (KP) government has provided...
From zero to hero: Physical oil rally might be short-lived
LONDON: From Kazakhstan to the North Sea and the US, physical crude has jumped in value in recent days, but the rally...
‘For meaningful talks’: Govt defers power sector probe for two months
ISLAMABAD:Â The government has deferred the constitution of an inquiry commission and release of the report on the power sector for two months...
Aramco close to inking $10bn deal with group of about 10 banks: sources
DUBAI: Saudi Aramco is about to finalise a $10 billion loan with a group of roughly 10 banks, three sources familiar with...
IPPs explain profits, operations in second advert
As part of its public awareness campaign, the Independent Power Producers (IPPs) Advisory Council has published its second advert in leading newspapers...
Oil extend gains as traders weigh virus progress
Oil prices on Wednesday built on the previous day's surge, boosted by signs of easing in the coronavirus that is allowing some...
CCOE directs to expedite finalisation of renewable energy policy
A meeting of the Cabinet Committee on Energy was held in Islamabad with Minister for Planning, Development and Special Initiatives Asad Umar...
Power Division asked to expedite finalisation of renewable energy policy
ISLAMABAD: The Cabinet Committee on Energy (CCOE) Monday directed the Power Division to expedite process of formulation and approval of the renewable...
Oil starts week on back foot as rally loses steam
Oil prices fell on Monday after strong gains last week, with continued concerns about oversupply and storage capacity due to a coronavirus-triggered...
Oil-hungry Asian nations pounce on low prices to build stockpiles
Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude...
Coronavirus: CNG sector seeks gas tariff relief package
PESHAWAR: The CNG owners and dealers Sunday urged Prime Minister Imran Khan to announce special gas tariff relief package for neglected and coronavirus...
Sufficient POL stocks available for next 15 days: Petro Division
ISLAMABAD: There is sufficient stock of the petroleum products available in the country for next 15 days, a spokesman of the Petroleum...