Record oil output cuts fail to make waves in coronavirus-hit market
SINGAPORE/LONDON: The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain...
Saudi Arabia cuts May crude prices to Asia by $4.2 per barrel, says document
DUBAI: Saudi Arabia has announced its official crude pricing (OSP) for May, selling oil more cheaply to Asia, while keeping prices flat...
Oil prices jump after top producers agree output cuts
Oil prices jumped more than three percent Monday after top producers agreed to cut output to shore up energy markets battered by...
OPEC+ agrees largest ever oil output cut of 9.7 million bpd: sources
LONDON: OPEC, Russia and other oil producing nations agreed on Sunday to cut output by a record amount, representing around 10 per...
IPPAC refutes allegations of ‘foul play in power sector losses’
The Independent Power Producers Advisory Council (IPPAC) has categorically rejected the allegations being attributed in recent media reports on the Inquiry Committee’s...
Govt asked to recover Rs100bn from ‘corrupt’ IPPs
–Probe claims IPPs signed agreements in bad faith to mint billions at govt’s expense, overstated costs
—Experts say that claims made in the...
G20 energy ministers scramble to finalise oil output deal
G20 energy ministers held virtual talks Friday as major oil producers scrambled to finalise output cuts to shore up prices, with Mexico...
National Refinery extends suspension of production activities
The National Refinery Limited on Friday announced that it had decided to continue with the temporary shutdown of production until the situation...
Chinese LED street lamps to light up economic zone in Islamabad
BEIJING:Recently, LED street lamps produced by Sichuan Sunfor Light Co, Ltd, a leading Chinese enterprise in the lighting industry, were officially delivered...
Oil prices fall sharply as top producers hold key talks
Oil prices fell sharply Friday as top producers attempted to finalise a crucial agreement on output cuts in a bid to counter...
Oil-producing nations seek global deal to stabilise market
MOSCOW: Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude...
Dasu, Mohmand dams to be completed in 2024, says WAPDA chairman
ISLAMABAD: Water and Power Development Authority (WAPDA) Chairman Lt Gen (retired) Muzammil Hussain on Thursday said Dasu and Mohmand dams would be...
ECC defers fuel adjustments in electricity bills till June 2020
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the deferment of monthly and quarterly fuel adjustments in electricity...
OPEC, allies to consider output cut after price crash
Top crude producers will hold a crucial teleconference on Thursday to discuss a possible cut in output after a collapse in demand...
Oil rallies as deal takes shape before key meeting
Oil prices extended gains Thursday after Russia signalled it was ready to cut output before a key producers' meeting aimed at boosting...