Commodities Global LNG: Asia spot LNG prices down on muted demand, cooler weather LONDON: Asian spot liquefied natural gas (LNG) prices fell this week on signals of weak economic growth in China... Published 06 Sep, 2024 05:38pm
Energy Oil falls more than 2% after US jobs data, set for weekly drop Brent crude futures down $1.62, or 2.23%, to $71.07 a barrel Updated 06 Sep, 2024 10:02pm
Energy Oil prices up on big storage withdrawal NEW YORK: Oil prices edged up about 1% on Thursday on a bigger-than-expected withdrawal from US inventories and a... Published 06 Sep, 2024 07:04am
Energy Oil rises on US crude stocks fall and possible delay to OPEC+ hike LONDON: Oil firmed on Thursday, edging up from multi-month lows on a possible delay to output increases by OPEC+... Updated 05 Sep, 2024 05:08pm
Energy IESCO consumers irked by over-billing, flawed AMI technology ISLAMABAD: Hundreds of consumers of Islamabad Electric Supply Company (IESCO) are at the suffering due to allegedly... Published 06 Sep, 2024 07:04am
Energy Elimination of power theft from IESCO region is target: Chairman ISLAMABAD: Dr. Tahir Masood, chairman Board of Directors IESCO has stated that elimination of power theft is the... Published 05 Sep, 2024 07:41am
Energy Chevron celebrates opening of 200th oil change facility in Pakistan KARACHI: Chevron Pakistan Lubricants (Private) Limited (“Chevron Pakistan”) announced the opening of the 200th... Published 05 Sep, 2024 07:45am
Energy OPEC+ discussing delay to planned oil output hike in October, sources say LONDON: OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9... Published 04 Sep, 2024 05:06pm
Energy UAE non-oil business activity growth rebounds in August, PMI shows DUBAI: Growth in the United Arab Emirates’ non-oil private sector rebounded in August after expanding at its slowest... Published 04 Sep, 2024 11:21am
Energy OGDCL joins UN Global Compact to promote SDGs ISLAMABAD: Oil & Gas Development Company Limited (OGDCL), Pakistan’s leading oil and gas exploration company,... Published 05 Sep, 2024 06:19am
Energy US natgas prices climb on lower output, warmer forecasts NEW YORK: US natural gas futures edged up about 1% to a two-week high on Wednesday on a decline in output and... Published 05 Sep, 2024 06:19am
Energy Brent crude falls on demand fears HOUSTON: Brent crude oil prices fell by $1 a barrel to $72.75 on Wednesday because of pessimism about demand in the... Published 05 Sep, 2024 06:19am
Energy Philippines’ First Gen seeks LNG cargo for October delivery SINGAPORE: Philippine power producer First Gen Corp has issued a tender seeking a cargo of liquefied natural gas... Published 04 Sep, 2024 10:53am
Energy Iran-Pak pipeline: US warns of potential ramifications but wants to help Pakistan address energy shortage State Department spokesperson says the US continues to stand shoulder to shoulder with Pakistan in its fight against terrorism Updated 04 Sep, 2024 09:00pm
Energy Brent crude falls $1/bbl on demand fears HOUSTON: Brent crude oil prices fell by $1 a barrel to $72.75 on Wednesday because of pessimism about demand in the... Updated 04 Sep, 2024 09:03pm
Energy Energy crisis: Minister urges energy, petroleum ministries to utilise framework ISLAMABAD: Minister for Planning, Development, and Special Initiatives Ahsan Iqbal urged the Ministries of Energy ... Published 04 Sep, 2024 06:38am
Energy Oil drops more than 4pc on reports of potential resolution to Libya dispute NEW YORK: Oil prices dropped more than 4% on Tuesday to their lowest levels in nearly nine months after reports that... Published 04 Sep, 2024 06:38am
Energy Pakistan’s first 220MW solar-wind RE project secures 7 bids KARACHI: K-Electric (KE), Pakistan’s only private electric utility, is building momentum towards doubling its ... Published 04 Sep, 2024 07:52am
Energy TotalEnergies to invest $444 million in solar venture with Adani MUMBAI: India’s Adani Group will set up a joint venture with TotalEnergies to manage a 1,150-megawatt portfolio of... Published 03 Sep, 2024 01:06pm
Energy Sale of petroleum products plunges 14% in August amid smuggling from Iran Sale of total petroleum products in Pakistan clocked in at 1.22 million tons in August, a decrease of 14%... Updated 03 Sep, 2024 09:43pm
Energy Growth in Saudi non-oil activity up slightly in August-PMI DUBAI: The pace of growth in Saudi Arabia’s non-oil sector recovered slightly in August from the previous month’s... Published 03 Sep, 2024 11:40am
Energy Oil drops more than 4% on reports of potential resolution to Libya dispute Brent crude futures down $3.51, or 4.5%, to $74.02 a barrel at 11:31am ET (15:31 GMT) Updated 03 Sep, 2024 09:30pm
Energy Petroleum industry issues: Body agrees to proceed on all major areas ISLAMABAD: The Committee, constituted by Prime Minister Shehbaz Sharif on petroleum industry issues, on Monday ... Published 03 Sep, 2024 06:27am
Energy Russian oil shipping costs to India easing MOSCOW: Freight rates to ship Russia’s Urals crude to India have fallen further and remain at their lowest since... Published 03 Sep, 2024 06:27am
Energy Oil prices firm BENGALURU/SINGAPORE: Oil prices stabilised on Monday as Libyan oil exports remained halted and following losses at... Published 03 Sep, 2024 06:27am
Energy ENOC partners with Flow Petroleum to expand lubricants distribution to Pakistan ENOC Group, a leading integrated global energy player, has signed an agreement with FPPL (Flow Petroleum Private... Published 02 Sep, 2024 05:11pm
Energy EPA binds all petrol pumps to submit monthly monitoring report LAHORE: The Punjab Environment Agency (EPA) has made it binding upon all the petrol pumps throughout the province to... Updated 03 Sep, 2024 08:10am
Energy National Refinery suffers massive Rs15.8bn loss in FY24 Despite higher revenue and lower finance cost, National Refinery Limited (NRL) registered a massive loss of Rs15.79... Updated 02 Sep, 2024 04:32pm
Energy Oil extends losses on weak China data and expected OPEC+ supply boost Oil prices extended losses from the end of last week on expectations of higher OPEC+ production from October while... Updated 02 Sep, 2024 06:24pm
Energy Major Qatari plant to double solar capacity by 2030: minister DOHA: A large new solar plant planned in Qatar will double the Gulf emirate’s previously projected renewable ... Published 02 Sep, 2024 06:40am
Iran-Pak pipeline: US warns of potential ramifications but wants to help Pakistan address energy shortage