High oil prices hurt consumers, dent fuel demand: IEA chief
Major emerging Asian economies such as India and Indonesia have been hit hard this year by rising crude oil prices, which despite falls this month are up by around 15 percent since the start of 2018
Oil industry seeks deferment on manganese phase out plan for domestic refineries
The committee requested the government to suspend its order of May 24th, 2018 to decrease manganese content in petrol to 40 milligrams per litre by March 1st, 2019 rather by November 1st of this year
Rs143 billlion losses incurred by four power distribution companies
During FY17 and FY18, they posted a cumulative loss of Rs143 billion, out of which Rs75.6 loss was recorded in FY17 and Rs67.47 billion in FY18
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright
PSO profits decline 19% to Rs4,181m in 1st quarter FY19
PSO posted a gross profit of Rs10.91 billion in the first quarter of FY19, gross margins were recorded at 3.89% in the first quarter of FY19 against 3.55% in prior year
Oil dips as markets remain cautious on trade concerns
Front-month Brent crude oil futures were at $77.56 a barrel at 0430 GMT, 6 cents below their last close
Balochistan not cooperating over finalization of Rs86b discount in electricity bills
The power division in writing informed the ECC that the Balochistan government had not offered any comments despite constant reminders
Comprehensive design for Pakistan’s first 765kV high-voltage transmission line to be ready by December
The high-voltage transmission line owned by the National Transmission and Dispatch Company (NTDC), will provide evacuation of electricity from the Dasu hydropower project and added to the national grid and supply to consumers via 132kV and 11kV distribution systems of the power distribution companies
NEPRA grants license for 11.80MW hydel power plant in KP
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) has granted the power generation licence to Pakhtunkhwa Energy Development Organization (PEDO) for its 11.80MW...
OGDCL shorlists names for next chief
ISLAMABAD: The Board of Directors (BoD) of the Oil and Gas Development Company Limited (OGDCL) has shortlisted three names for the position...
‘Govt introducing advance tech to curb line losses’
ISLAMABAD: Power Minister Omar Ayub Khan has said that Pakistan Tehreek-e-Insaf (PTI) government, under the dynamic and visionary leadership of Imran Khan,...
Pakistan requests UAE to give deferred payment facility for oil imports: Shah Mehmood Qureshi
The foreign minister said the UAE delegation had expressed an interest in establishing an LNG terminal in Pakistan
Lack of LNG import causes Rs12bn loss to Pakistan in six months
Sources say influential furnace oil lobby has been holding sway over the entire power division
Asia stocks, S&P futures slide as investors flee risk amid growth fears
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1 percent, erasing tiny gains made in the opening hour and hitting its lowest level since February 2017
Oil prices drop as focus shifts to oversupply
Brent crude futures were down 51 cents, or 0.7 percent, at $76.38 a barrel by 0331 GMT. The global benchmark is on course for a weekly loss of over 4 percent