Oil prices creep up on expected OPEC cuts, but U.S. supply growth caps gains
International Brent crude oil futures were at $59.65 per barrel at 0533 GMT, up 14 cents, or 0.2 percent, from their last close
Asian LNG prices on downward spiral amid warm winter, high stocks
Spot prices for January delivery in North Asia were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents from the previous week
Ogra proposes Rs6.21 per litre increase in petrol price
Ogra has suggested an increase of Rs6.21 per litre in petrol, Rs2.0 per litre in high-speed diesel (HSD), Rs7.79 per litre in light diesel oil (LDO)
Asian stocks gain after Fed chief hits rate rises may slow
The Shanghai Composite Index rose 0.6 percent to 2,605.27 and Tokyo’s Nikkei 225 advanced 0.9 percent to 22,378.46
Oil strengthens ahead of G20 meeting, but supply rise caps gains
International benchmark Brent crude rose 27 cents, or 0.5 percent, to $59.03 a barrel, having dropped 2.4 percent on Wednesday to $58.76 a barrel
CCoE bars import of imported furnace oil for three months
The Power Division apprised the committee that furnace oil was being utilized to stabilize fuel supply and in the last few months it was being used by power plants rather than LNG
Loan size for Rabi crops being raised to Rs30,000 under E-credit scheme
Minister was told in the meeting that under E-credit scheme interest-free loans of Rs 453,682 had been provided during last four seasons while loans of 32.027 percent were being provided during the ongoing season
Next Capital announces client’s intention to acquire 49.90% stake in Johnson and Phillips
Johnson and Phillips have a market capitalization of Rs343.90 million and counts itself amongst the first foreign company to have opened an office in Pakistan after independence in August 1947
Vopak to buy 44% stake in Elengy Terminal Pakistan
The acquisition will be done in separate transactions with International Finance Corp (IFC) and Engro Corp and will include a 29 percent share it had already said it would buy in July, the company said in a statement
Saudi Aramco plans gas investments of $150 billion over next decade: CEO
Nasser also said Aramco plans to invest $100 billion over the next 10 years in chemicals globally, in addition to potential acquisitions
Asia puts brave face on Trump threat, oil subdued
MSCI’s broadest index of Asia-Pacific shares outside Japan dithered either side of flat and was last up 0.2 percent
Nepra reserves judgement on power tariff hike
Currently, the uniform power tariff stands at Rs11.71 per unit and if the hike gets approved by Nepra, the rate would rise to Rs12.98 per unit, the representative said
SNGPL received 2.4m applications for domestic connections
Punjab is producing 119 million cubic feet of gas (mmcfd) and getting 1,000 mmcfd, Khyber-Pakhtunkhwa (K-P) is producing 411 mmcfd and getting 296 mmcfd, Sindh is producing 2,320 mmcfd against the consumption of 1,696 mmcfd and Balochistan is producing 467 mmcfd against a demand for 292 mmcfd
ExxonMobil set for comeback in Pakistan after nearly three decades: Report
Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years
Govt urged to cut rates of return for power plant owners
ISLAMABAD:Â An international firm, Krafrac Consulting, has recommended National Electric Power Regulatory Authority (NEPRA) to revise the high rates of return for power...