Energy Rousch Power transfers complex to government entity after CPPA settlement Rousch (Pakistan) Power Limited (RPPL), an Independent Power Producer (IPP), has handed over its complex to the... Updated 20 Jan, 2025 07:41pm
Energy LNG traders divert six US cargoes to Europe from Asia SINGAPORE: Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe... Published 20 Jan, 2025 02:32pm
Energy Nuclear power dominates as Pakistan’s electricity generation increases 1% in December 2024 Power generation in Pakistan clocked in at 7,800 GWh (10,484 MW) in December 2024, an increase of 1% YoY compared to... Updated 20 Jan, 2025 06:55pm
Energy Iran raises February light crude price to Asia Iran has set the official selling price (OSP) for its light crude oil grade for Asian buyers at $1.95 a barrel above... Published 20 Jan, 2025 12:45pm
Energy China’s crude oil imports from top supplier Russia reach new high in 2024 SINGAPORE: China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while... Published 20 Jan, 2025 12:35pm
Energy OGDCL enhances oil and gas production Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company,... Updated 20 Jan, 2025 04:36pm
Energy Oil prices slide as market awaits Trump’s return to White House HOUSTON: Oil prices slipped on Monday as U.S. President-elect Donald Trump’s inauguration is expected to bring a... Updated 20 Jan, 2025 09:25pm
Energy Oil giant BP cuts thousands of jobs to slash costs LONDON: British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its... Published 20 Jan, 2025 05:31am
Energy ‘Disco Support Unit’ established LAHORE: In a significant move to curb power theft and improve recovery, the government has established a Disco... Published 19 Jan, 2025 02:47am
Energy Global LNG: Asian spot LNG slips amid healthy stocks, weak demand SINGAPORE: Asian spot liquefied natural gas (LNG) prices slightly declined this week, weighed by healthy inventory... Published 17 Jan, 2025 06:42pm
Energy US natural gas prices drop NEW YORK: US natural gas futures dropped about 5% on Friday from a two-year high in the prior session on forecasts... Published 19 Jan, 2025 02:47am
Energy Oil prices down HOUSTON: Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the... Published 19 Jan, 2025 02:47am
Energy OPEC’s share in India’s annual oil imports rises after 8-year drop NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,... Published 17 Jan, 2025 02:04pm
Energy India’s IOC buys Middle East, African oil to replace Russian supply SINGAPORE/NEW DELHI: Indian Oil Corp (IOC), the country’s top refiner, has bought 7 million barrels of spot Middle... Published 17 Jan, 2025 12:20pm
Energy Oil falls as halt to Houthi’s shipping attacks expected HOUSTON: Oil prices slipped on Thursday with Yemen’s Houthi militia expected to halt attacks on ships in the Red... Published 17 Jan, 2025 02:56am
Energy Race to renewables: Attock Cement commissions 4.8MW windmill project As Pakistan’s corporate sector increasingly turns to renewable energy to meet its power needs, Attock Cement became... Updated 16 Jan, 2025 12:48pm
Energy Qatar hikes March al-Shaheen oil term price to over 2-year high SINGAPORE: QatarEnergy has raised the term price for al-Shaheen crude oil loading in March, trade sources said on... Published 16 Jan, 2025 12:04pm
Energy South Korea looking at buying more US oil and gas, energy minister says SEOUL: South Korea is interested in importing more US oil and gas to diversify energy sources and ensure stable... Published 16 Jan, 2025 10:41am
Energy Oil falls as halt to Houthi shipping attacks expected HOUSTON: Oil prices slipped on Thursday with Yemen’s Houthi militia expected to halt attacks on ships in the Red... Updated 16 Jan, 2025 09:37pm
Energy OGDCL says Karo-1 well brought into production KARACHI: Oil and Gas Development Company Limited (OGDCL) has announced that Kharo-1 well located in Khairpur, Sindh... Published 16 Jan, 2025 03:04am
Energy US natural gas prices rise NEW YORK: US natural gas futures rose about 1% to a two-year high on Wednesday on forecasts for more frigid weather... Published 16 Jan, 2025 03:04am
Energy Oil rises as traders assess sanctions impact NEW YORK: Oil prices rose on Wednesday as the market focused on potential supply disruptions from US sanctions on... Published 16 Jan, 2025 03:04am
Energy Russia offers to provide LNG, crude oil to Vietnam HANOI: Russia is willing to help develop Vietnam’s nuclear power sector and provide it with crude oil and LNG, the... Published 15 Jan, 2025 03:36pm
Energy IEA says new US sanctions could significantly disrupt Russian supply LONDON: The latest round of US sanctions against Russian oil announced last Friday could significantly disrupt the... Published 15 Jan, 2025 03:34pm
Energy OGDCL begins oil & gas production from Khairpur’s Kharo-1 well Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company,... Updated 15 Jan, 2025 07:22pm
Energy Govt cuts tariff on charging stations by 45%: Awais Leghari Energy minister says decision will pave way for expansion of charging stations, and increase EV adoption in Pakistan Updated 15 Jan, 2025 10:32pm
Energy Tanker rates extend rally on sanctions, demand to load Mideast oil SINGAPORE: Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from... Published 15 Jan, 2025 12:04pm
Energy Oil gains capped by uncertainty over sanctions impact Oil prices crept higher on Wednesday as the market focused on potential supply disruptions from sanctions on Russian... Updated 15 Jan, 2025 06:16pm
Energy Russia, Vietnam sign nuclear energy deal HANOI: Russia and Vietnam signed an agreement on nuclear energy on Tuesday during a visit by Prime Minister Mikhail... Published 15 Jan, 2025 02:59am
Energy US natural gas futures slide NEW YORK: US natural gas futures slid about 3% on Tuesday on forecasts for less cold weather and lower heating ... Published 15 Jan, 2025 02:59am