Energy Oil prices fall as demand concerns offset Libya supply risks Oil prices fell by around 1% on Wednesday due to persistent concerns over Chinese demand and elevated risks of a... Updated 28 Aug, 2024 07:02pm
Energy Oil prices fall 2pc on economic worries, technical decline NEW YORK: Oil prices fell about 2% on Tuesday on worries that slower economic growth in the US and China could... Published 28 Aug, 2024 06:22am
Energy US natural gas prices slide NEW YORK: US natural gas futures slid about 2% to a four-week low on Tuesday on forecasts for less hot weather over... Published 28 Aug, 2024 06:22am
Energy LESCO recovers Rs50m in a day LAHORE: On the directives of Chief Executive Engineer Shahid Hayder, LESCO has intensified its recovery drive ... Published 28 Aug, 2024 06:22am
Energy Oil bears focus on lacklustre demand and planned output boost LONDON: Investors have remained resolutely bearish about the outlook for petroleum prices despite increasing... Published 28 Aug, 2024 06:22am
Energy Oil slips after surge on Libyan outages and Middle East risk LONDON: Oil prices slipped slightly on Tuesday after rebounding more than 7% over the previous three sessions on... Updated 27 Aug, 2024 04:37pm
Energy Oil climbs 3pc as Libya output cuts further supply concerns HOUSTON: Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from... Published 27 Aug, 2024 06:44am
Energy LESCO Safety Directorate identifies safety violations LAHORE: The Safety Directorate of Lahore Electric Supply Company (LESCO) has inspected 51 sites in the past month,... Published 27 Aug, 2024 06:44am
Energy IESCO’s Rs14 per unit relief for domestic consumers ISLAMABAD: As per the decision of the Punjab Government, IESCO's domestic consumers who used between 201 and 500... Published 27 Aug, 2024 06:44am
Energy Kuwait signs 15-year deal for Qatar gas supply KUWAIT CITY: Kuwait’s state oil giant on Monday announced a 15-year deal for the supply of natural gas from Qatar,... Published 26 Aug, 2024 06:54pm
Energy US natural gas prices slip NEW YORK: US natural gas futures fell about 2% to a three-week low on Monday on forecasts for lower demand next week... Published 27 Aug, 2024 06:44am
Energy Pakistan’s largest IPP HUBCO posts profit of Rs75.3bn in FY24 Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw its profit increase by... Updated 26 Aug, 2024 10:32pm
Energy QatarEnergy, Kuwait Petroleum Corp to agree long-term LNG deal KUWAIT: State-owned QatarEnergy and Kuwait Petroleum Corporation will sign a long-term sales and purchase agreement... Published 26 Aug, 2024 02:25pm
Energy Oil up 2% on Libya shutdowns, Mideast escalation fears LONDON: Oil prices rose 2% on Monday on news of fresh production outages in Libya, adding to earlier gains on... Updated 26 Aug, 2024 05:17pm
Energy SkyElectric completes first phase of JET programme in Japan KARACHI: Pakistan’s prestigious solar technology brand, SkyElectric has achieved a momentous breakthrough in the... Published 26 Aug, 2024 08:04am
Energy China’s Sinopec posts 2.7% rise in first-half profit BEIJING: China’s Sinopec posted a 2.7% rise in net profit for the first half of the year, it said on Sunday, as... Updated 25 Aug, 2024 10:35pm
Energy US natgas prices slide on lower demand NEW YORK: US natural gas futures slid about 2% to a two-week low on Friday on forecasts for lower demand this week... Published 25 Aug, 2024 03:05am
Energy China’s plunging coal plant approvals signal energy policy pivot, report says BEIJING: A sharp drop in new coal plant permits in China suggests the world’s largest builder of the polluting... Published 25 Aug, 2024 03:05am
Energy Oil climbs $2/barrel HOUSTON: US light crude oil gained more than $2 a barrel on Friday after comments by US Federal Reserve Chair Jerome... Published 24 Aug, 2024 06:23am
Energy Morgan Stanley cuts 2024 oil demand growth outlook NEW YORK: Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower... Published 24 Aug, 2024 06:23am
Energy Former caretaker minister steps up criticism of IPPs FAISALABAD: Independent Power Producers (IPPs) have kept the industry and all other sectors of the country hostage... Published 24 Aug, 2024 06:23am
Commodities Global LNG: Asia spot prices ease from 8-month top on weaker demand SINGAPORE: Asian spot liquefied natural gas (LNG) prices eased this week from a more than eight-month top on the... Published 23 Aug, 2024 04:38pm
Energy Oil climbs with U.S. Federal Reserve pivot HOUSTON: Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest... Updated 23 Aug, 2024 11:34pm
Energy Chevron to invest about $989mn in India, state minister says Chevron plans to invest 83 billion rupees ($989.20 million) in India’s Bengaluru, in what will be the oil and gas... Published 22 Aug, 2024 11:03am
Energy PBIF lauds Punjab govt for giving power bill relief KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen... Published 23 Aug, 2024 03:24am
Energy US natgas prices slide NEW YORK: US natural gas futures slid about 3% to a two-week low on Thursday on forecasts for less hot weather over... Published 23 Aug, 2024 03:24am
Energy Pakistan’s ‘zombie power sector sucking the blood out of healthy firms’: Atif Mian Noted economist says govt refusing to recognise the sector is bankrupt Updated 22 Aug, 2024 03:33pm
Energy Oil prices steady as US crude draw limits downside Oil prices steadied on Thursday after four days of declines on investor concern over the global demand outlook,... Updated 22 Aug, 2024 05:42pm
Energy Niger resumes oil exports via Benin after suspension COTONOU: Landlocked Niger has resumed crude oil exports via Benin after a dispute between the countries halted the... Published 22 Aug, 2024 06:58am
Energy SNGPL’s shareholders approve 45pc cash dividend for FY 2022-23 LAHORE: The Sui Northern Gas Pipelines Limited (SNGPL) is celebrating 60 years of its journey. The Annual General... Published 22 Aug, 2024 08:00am