Energy IEA chief Birol sees ‘comfortable’ oil markets, unless geopolitical shock OSLO: The supply of oil and gas will be plentiful, with oil markets being “comfortable” this year and next unless... Published 26 Nov, 2024 02:21pm
Energy Oil steadies amid possible Middle East ceasefire Oil prices edged higher in early trade on Tuesday after falling in the previous session as investors took stock of a... Updated 26 Nov, 2024 01:32pm
Energy Fuel shortage looms over Lahore, Islamabad & Pindi ISLAMABAD: A potential fuel shortage looms over Lahore, Islamabad, and Rawalpindi as restrictions on city access are... Published 26 Nov, 2024 05:49am
Energy Punjab, ICT: OCAC seeks facilitation in POL transportation ISLAMABAD: Oil Companies Advisory Council (OCAC) has requested the Punjab and Federal Capital administrations to... Published 26 Nov, 2024 06:59am
Energy Oil falls $2 on possible Mid-East peace deal HOUSTON: Oil prices fell more $2 on Monday after multiple reports that Israel and Lebanon had agreed to the terms of... Updated 25 Nov, 2024 09:25pm
Energy US natural gas prices soar NEW YORK: US natural gas futures jumped about 9% to a one-year high on Monday on forecasts for colder weather, ... Published 26 Nov, 2024 05:49am
Energy Oil prices fall on Israel-Lebanon ceasefire report HOUSTON: Oil prices fell more $1 on Monday after Axios reported that Israel and Lebanon had agreed to the terms of a... Published 26 Nov, 2024 05:49am
Energy Iraq says 15-day halt in Iranian gas cuts 5.5 GW from national grid BAGHDAD: Iraq’s electricity ministry said on Sunday that Iranian gas supplies had been completely halted for 15... Published 25 Nov, 2024 06:15am
Energy Oil prices settle up NEW YORK: Oil prices climbed about 1% on Friday, settling at a two-week high, as the intensifying war in Ukraine ... Published 24 Nov, 2024 03:08am
Commodities Global LNG: Asian spot LNG gains amid colder weather, stronger Europe gas prices SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose this week to their highest level of the year so far,... Published 22 Nov, 2024 05:26pm
Energy Consortium withdraws bid to acquire majority stake in Engro Powergen Qadirpur A consortium comprising textile companies has withdrawn its public announcement of intention (PAI) to acquire a... Updated 22 Nov, 2024 11:02pm
Energy Oil prices climb 1% to two-week high as Ukraine war intensifies Oil prices climbed about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the... Updated 23 Nov, 2024 12:35am
Energy Oil price stability: Putin, Iraqi PM discuss OPEC+ coordination MOSCOW/DUBAI: Russian President Vladimir Putin held a phone call with Iraqi Prime Minister Mohammed Shia al-Sudani ... Published 22 Nov, 2024 03:03am
Energy Oil climbs on supply jitters as Russia-Ukraine war escalates HOUSTON: Oil climbed more than 1% on Thursday as Russia and Ukraine launched missiles at each other, an escalation ... Published 22 Nov, 2024 03:03am
Energy Oil jumps as Russia-Ukraine missile exchange outweighs US crude stocks LONDON: Oil climbed more than 1% on Thursday after Russia and Ukraine launched missiles at each other, overshadowing... Updated 21 Nov, 2024 09:18pm
Energy LESCO detects 598 power pilferers in 24 hours LAHORE: The Lahore Electric Supply Company (LESCO) has detected a total of 598 connections from pilfering ... Published 21 Nov, 2024 07:16am
Energy OPEC Secretary General tells COP29 oil is a gift from God BAKU: OPEC Secretary General Haitham Al Ghais on Wednesday told the COP29 climate summit in Baku that crude oil and... Published 20 Nov, 2024 10:02pm
Energy US natural gas prices climb 4pc NEW YORK: US natural gas futures climbed about 4% to a five-month high on Wednesday on forecasts for colder weather... Published 21 Nov, 2024 05:51am
Energy Oil prices firm HOUSTON: Oil prices were steady on Wednesday as the escalating war between major oil producer Russia and Ukraine... Published 21 Nov, 2024 05:51am
Energy LESCO detects 598 power pilferers in 24 hours LAHORE: The Lahore Electric Supply Company (LESCO) has detected a total of 598 connections from pilfering ... Published 21 Nov, 2024 05:51am
Energy Expanding renewables: Kohat Cement installs 5.34 MW solar power plant Kohat Cement Company Limited (KOHC) has installed and commissioned a 5.34 MW on-grid solar power plant. The cement... Updated 20 Nov, 2024 03:31pm
Energy Iraq’s fuel oil exports head for record year after Oct volumes jump SINGAPORE: Iraq’s fuel oil exports are on track to hit all-time highs this year after the country ramped up... Published 20 Nov, 2024 12:23pm
Energy Oil steady as Ukraine escalation offsets US crude, gasoline stock build HOUSTON: Oil prices were steady on Wednesday as the escalating war between major oil producer Russia and Ukraine... Updated 20 Nov, 2024 09:38pm
Energy US natgas prices slid 2pc on mild weather and lower demand NEW YORK: US natural gas futures slid about 2% on Tuesday on forecasts for mild weather and less heating demand over... Published 20 Nov, 2024 07:46am
Energy Oil steadies as Sverdrup field restart counters geopolitical concerns NEW YORK: Oil prices steadied on Tuesday as Norway’s Johan Sverdrup oilfield restarted production while there were... Published 20 Nov, 2024 07:49am
Energy ECC approves power relief package for winter Consumers to be charged a flat rate of Rs26.07 per unit for electricity usage above benchmark consumption Updated 19 Nov, 2024 08:45pm
Energy Bangladesh’s RPGCL seeks LNG cargo for Dec delivery SINGAPORE: Bangladesh’s Rupantarita Prakritik Gas Co Ltd (RPGCL) is seeking a liquefied natural gas (LNG) cargo for... Published 19 Nov, 2024 10:36am
Energy Oil steadies as Sverdrup field restart counters geopolitical concerns LONDON: Oil prices steadied on Tuesday as the restart of production at Norway’s Johan Sverdrup oilfield offset... Updated 19 Nov, 2024 08:11pm
Energy Oct power generation soars 7.2pc to 13,793MW YoY KARACHI: Power generation increased by 7.2 percent YoY to arrive at 10,262 GWh (13,793 MW) during October 2024,... Published 19 Nov, 2024 08:24am
Energy KE removes over 6,000kgs of illegal connections in 3 months KARACHI: K-Electric, in collaboration with the law-enforcement agencies, acted against electricity theft and... Published 19 Nov, 2024 07:42am