Commodities Global LNG: Asian spot LNG prices rise on signs of stronger demand LONDON: Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north... Published 10 May, 2024 05:48pm
Energy Saudi crude oil supply to China to fall 5.8mn bbls in June from May, sources say SINGAPORE: Chinese refiners will lift less Saudi crude oil in June than May, people with knowledge of the matter... Published 10 May, 2024 01:34pm
Energy Islamabad seeks Chinese assistance for completion of two hydropower projects Planning minister Ahsan Iqbal says government intends to revive original momentum of CPEC projects and remains committed to high-quality development Updated 10 May, 2024 08:28pm
Energy Oil benchmark Brent above $84 on perky US, China demand signals LONDON: Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in... Updated 10 May, 2024 04:11pm
Energy Govt’s balancing act: incentivise solar, but not too much? KARACHI: Pakistan’s government has once again been caught in a tight spot. It wants to promote renewable energy –... Updated 10 May, 2024 09:51am
Energy Togh-02 well in KP: OGDCL announces commencement of production ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), the operator of the Togh and ToghBala Development ... Published 10 May, 2024 04:17am
Energy Oil holds near one-week high on rising demand hopes after China, US data NEW YORK: Oil prices held near a one-week high on Thursday as data from China and the U.S. that signalled demand in... Updated 09 May, 2024 11:12pm
Energy POGEE 2024: energy sector’s ‘largest’ exhibition begins in Lahore LAHORE: The 18th edition of the ‘Pakistan Oil, Gas & Energy Exhibition’ (POGEE), the premier showcase of the... Published 09 May, 2024 03:11am
Energy Oil prices rise NEW YORK: Oil prices edged higher on Wednesday after US oil storage data showed a larger-than-expected draw in crude... Published 09 May, 2024 03:11am
Energy US natgas prices edge up NEW YORK: US natural gas futures edged up about 1% to a fresh 14-week high on Wednesday on another decline in output... Published 09 May, 2024 03:11am
Energy May power bills: NEPRA approves Rs2.83 per unit hike in FCA Increase applies to all consumer categories of ex-Wapda distribution companies except EV charging stations and lifeline consumers Updated 08 May, 2024 11:06pm
Energy Egypt’s non-oil business shrinks for 41st straight month, PMI shows CAIRO: Egypt’s non-oil private sector continued to shrink in April despite a $35 billion investment deal signed with... Published 08 May, 2024 11:14am
Energy Norway oil workers agree to wage deal, averting strike OSLO: Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and... Published 08 May, 2024 10:58am
Energy Oil slides on rising US stockpiles, strong dollar LONDON: Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the U.S. and as... Updated 08 May, 2024 05:01pm
Energy US natgas prices hold near 14-week high NEW YORK: US natural gas futures held near a 14-week high on Tuesday as a bullish decline in output and increase in... Published 08 May, 2024 07:26am
Energy Oil slides as easing supply concerns overshadow ME tensions NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of... Published 08 May, 2024 07:33am
Energy Research shows how batteries, renewables can reshape power landscape KARACHI: Battery energy storage systems (BESS) in combination with solar and wind power can bring down electricity... Published 08 May, 2024 06:43am
Energy Iran using Malaysian providers to bust oil sanctions: US SINGAPORE: Iran has relied on Malaysian service providers to get around international sanctions and sell its oil in... Published 08 May, 2024 06:43am
Energy Oil steadies as weak physical markets balance Middle East tensions LONDON: Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle... Updated 07 May, 2024 04:53pm
Energy Saudi Aramco maintains dividend despite lower net income in Q1 DUBAI: Saudi Arabia’s state-owned oil giant Aramco reported a 14.4% fall in first-quarter net profit on the back of... Published 07 May, 2024 11:36am
Energy World Bank's support for reforms in energy sector praised ISLAMABAD: Federal Minister for Petroleum Dr Musadik Malik and Federal Minister for Power Awais Leghari held a... Published 07 May, 2024 06:28am
Energy KE’s renewable ambitions garner interest from developers KARACHI: While Pakistan contributes less than 1.0 percent towards global carbon emissions, a combination of... Published 07 May, 2024 06:55am
Energy Oil climbs as Gaza tensions rise, KSA hikes prices HOUSTON: Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect... Published 07 May, 2024 07:30am
Energy US natgas flows to Freeport LNG in Texas rise to 2-month high NEW YORK: The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on... Published 07 May, 2024 07:31am
Energy OMAP for formation of dedicated unit within SIFC LAHORE: The Oil Marketing Association of Pakistan (OMAP) has proposed the establishment of a dedicated unit within... Published 07 May, 2024 06:23am
Energy Gasoline demand growth to slow this year on EV growth in China, US NEW DELHI: Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said,... Published 06 May, 2024 11:51am
Energy Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices LONDON: Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the... Updated 06 May, 2024 04:50pm
Energy Minister says Thar coal best suited for gasification KARACHI: Sindh Minister for Energy, Planning and Development Syed Nasir Hussain Shah presided over a meeting on ... Published 06 May, 2024 05:30am
Energy Saudi Arabia’s non-oil business activity growth steady in April-PMI DUBAI: Saudi Arabia’s non-oil business activity grew at a steady rate in April despite a slowdown in new order... Published 05 May, 2024 01:31pm
Energy Coal power producer fails to stop regulator from en-cashing bank guarantee LAHORE: A coal power producer has failed to stop the regulator from encashing performance bank guarantee, said... Published 05 May, 2024 02:54am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees