Commodities Global LNG: Asian spot LNG gains as colder weather drives demand SINGAPORE: Asian spot liquefied natural gas (LNG) prices gained for a third consecutive week to hit a new high for... Published 29 Nov, 2024 05:14pm
Energy Pakistan Petroleum Limited announces new oil & gas discovery in Sujawal Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has made another significant hydrocarbon... Updated 29 Nov, 2024 08:52pm
Energy Oil heads for 2% weekly decline as supply risks ease LONDON: Oil prices were steady on Friday and heading for a weekly drop of more than 2%, pressured by easing concern... Updated 29 Nov, 2024 08:06pm
Energy NTDC energises another 250MVA autotransformer LAHORE: To enhance its power transmission capacity, the National Transmission and Despatch Company (NTDC) has... Published 29 Nov, 2024 07:33am
Commodities Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs SINGAPORE/LONDON: Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to... Published 28 Nov, 2024 04:51pm
Energy Oil up as Israel, Hezbollah trade accusations of ceasefire violation LONDON: Oil prices ticked up on Thursday after Israel and Lebanese armed group Hezbollah traded accusations their... Published 29 Nov, 2024 05:50am
Energy OPEC+ meeting postponed to December 5 VIENNA: The ministerial meeting of the OPEC+ alliance initially scheduled for Sunday has been pushed back to... Published 28 Nov, 2024 02:02pm
Energy Asia’s November crude oil imports nudge higher, still heading for annual fall: Russell LAUNCESTON: Asia’s imports of crude oil ticked up slightly in November, led by a recovery by top importer China, but... Published 28 Nov, 2024 11:45am
Energy Oil up as Israel says ceasefire violated, OPEC+ delays meeting LONDON: Oil prices ticked up on Thursday, after Israel said its ceasefire with Lebanese armed group Hezbollah was... Updated 28 Nov, 2024 07:03pm
Energy SNGPL says will continue gas supply in winter LAHORE: SNGPL shall continue gas supply to the consumers during the winters particularly in the peak demand hours.... Published 28 Nov, 2024 05:45am
Energy Saudi, Russia, Kazakhstan hold talks ahead of weekend OPEC+ meeting DUBAI/MOSCOW: Top OPEC+ ministers have held further talks ahead of the oil producer group’s weekend meeting to set... Published 28 Nov, 2024 07:14am
Energy Oil little changed after surprise build in US gasoline stocks NEW YORK: Oil prices held steady on Wednesday as a large, surprise build in US gasoline stocks offset easing supply... Published 28 Nov, 2024 05:45am
Energy OPEC+ production cuts may support oil prices in near term, Goldman Sachs says Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting... Published 27 Nov, 2024 11:34am
Energy PPL records significant boost in hydrocarbon production Pakistan Petroleum Limited (PPL) has registered a notable increase in hydrocarbon production from its wells located... Updated 27 Nov, 2024 11:00pm
Energy US natural gas prices drop NEW YORK: US natural gas futures fell about 5% on Wednesday on rising output and forecasts for less cold weather and... Published 28 Nov, 2024 05:45am
Energy Oil slips after surprise build in U.S. gasoline stocks Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply... Updated 27 Nov, 2024 09:07pm
Energy LESCO collects Rs3.536bn from 119,187 defaulters LAHORE: Lahore Electric Supply Company (LESCO) has recovered more than Rs3.536 billion from 119,187 dead defaulters... Published 27 Nov, 2024 07:32am
Energy 120MW solar project: KE receives lowest bid from KAPCO Power utility K-Electric (KE) received the lowest tariff bid from Kot Addu Power Company Limited (KAPCO) for its... Updated 26 Nov, 2024 07:45pm
Energy US natgas prices up NEW YORK: US natural gas futures edged up about 1% to a fresh one-year high on Tuesday on forecasts for colder... Published 27 Nov, 2024 06:44am
Energy Oil prices make gains HOUSTON: Oil prices rose on Tuesday as investors eyed OPEC+ discussions on output and weighed the potential impact ... Published 27 Nov, 2024 06:44am
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 falls after Israel agrees to ceasefire deal with Lebanon HOUSTON: Oil prices slid on Tuesday, giving back early gains in choppy trade after Israel agreed to a ceasefire deal... Updated 27 Nov, 2024 12:04am
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
Energy 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