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...
IPPs attribute higher power tariff to transmission losses
IPP body says inquiry commission's claims of plants making Rs415bn profit under 1994 policy are 'wrong'
Oil firms as OPEC+ begins record cuts; set for weekly rise
NEW YORK: US oil prices were 4pc higher while the front month Brent crude futures rose above $26 per barrel on Friday,...
KP govt forms power transmission company to address distribution issues
PESHAWAR: The Khyber Pakhtunkhwa government has approved the establishment of its first-ever 'Khyber Pakhtunkhwa Transmission & Grid Company (KPTGC)' to address the...
Oil rebounds above $14 after massive sell-off
US oil prices rebounded above $14 a barrel Wednesday, a day after a sell-off sparked by a major fund selling its short-term...
Govt to pass on benefit of reduced oil prices to public: RazakÂ
ISLAMABAD: Advisor to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood has said the government intended to pass...
Oil majors, govts haggle over sharing pain of deepest cuts yet
LONDON/MOSCOW: From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep...
Altern Energy to negotiate tariff-related issues with govtÂ
The Board of Directors of Altern Energy Limited (AEL), in its meeting dated April 27 authorised management to proceed for contractual negotiations...
US oil falls below $11 as fund sells off holdings
US oil nosedived below $11 a barrel Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and...
Cabinet’s approval sought for appointment of new directors of public entities
ISLAMABAD: The Ministry of Energy (MoE) has sought approval of the federal cabinet against its nominated directors to fill casual vacancies in...
Oil falls on storage woes in virus-hit market
US oil prices fell heavily Monday on renewed concerns over storage capacity as the coronavirus throttles demand, even as producers start slashing...
Asian shares gain as BOJ announces more stimulus stepsÂ
Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of...
MoE’s decision to buy LNG at $4 per MMBTU will incur Rs10bn loss per annum
ISLAMABAD: The Ministry for Energy (MoE) has decided to purchase liquefied natural gas (LNG) at $4 per Million British Thermal Unit (MMBTU)...