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BR Research » Oil and Gas

Banking on petroleum taxes
Oil and Gas

Banking on petroleum taxes

Petroleum prices have not made headlines this fiscal year. A few paisas here and a few there has been the trend so far,
Published 04 Dec, 2019 07:19am
PSO – recouping quickly?
Oil and Gas

PSO – recouping quickly?

Pakistan State Oil (PSX: PSO) has been seen regaining its market share in recent months in not only its retail volumes b
Updated 31 Oct, 2019 08:25am
BYCO back to profits
Oil and Gas

BYCO back to profits

Byco Petroleum Pakistan Limited (PSX: BYCO) had a rough FY19 where its earnings turned negative, hampered largely by the
Updated 30 Oct, 2019 06:01am
OGDCL : a slow start to FY20
Oil and Gas

OGDCL : a slow start to FY20

After a good earning’s growth in FY19 primarily due to currency depreciation and as well uptick in realized oil prices –
Updated 29 Oct, 2019 06:39am
PRL in 1QFY20 
Oil and Gas

PRL in 1QFY20 

After posting a staggering decline in earnings for FY19 (loss after tax: Rs5.8billion) Pakistan Refinery Limited's (PSX:
Updated 23 Oct, 2019 01:03pm
POL: a dull start to FY20
Oil and Gas

POL: a dull start to FY20

It might be too early to predict any slowdown in the petroleum exploration and production (E&P) sector performance i
Updated 17 Oct, 2019 07:27am
Pakistan Petroleum Limited
Oil and Gas

Pakistan Petroleum Limited

Pakistan Petroleum Limited (PSX: PPL) is a key supplier of natural gas in the country. The company is engaged in con
Updated 09 Oct, 2019 07:15am
Petroleum revenues in sight
Oil and Gas

Petroleum revenues in sight

It was surprising in the first place to see Ogra having recommended a cut in petroleum prices for October 2019. The gove
Updated 23 Oct, 2019 01:41pm
GIDC: The legal battle
Oil and Gas

GIDC: The legal battle

The Honourable Supreme Court of Pakistan (SC) will take up as many as 107 pending petitions regarding the infamous Gas I
Published 16 Sep, 2019 06:42am
Bearish sentiments rule oil
Oil and Gas

Bearish sentiments rule oil

Oil prices having touched a month high are back under pressure. This time around, it is the US EIA’s short term energy o
Updated 12 Sep, 2019 05:55am
Shell Pakistan in 1HCY19
Oil and Gas

Shell Pakistan in 1HCY19

Shell Pakistan Limited (PSX: SHEL) announced its financial performance for the first half of 2019 earlier last week with
Published 26 Aug, 2019 06:41am
Petroleum sales wearing off
Oil and Gas

Petroleum sales wearing off

Petroleum sales have picked up month-on-month - starting FY20 on a better note for the oil marketing companies. But this
Published 07 Aug, 2019 06:38am
Energy mess to get messier
Oil and Gas

Energy mess to get messier

When a mistake repeats too many times, the authorities should be held responsible. There is another energy sector crisis
Published 06 Aug, 2019 05:47am
MARI in FY19
Oil and Gas

MARI in FY19

Where the oil marketing companies were expected to be bruised this result season, the oil and gas exploration and produc
Published 06 Aug, 2019 05:27am
OMG! Look at those OMOs
Oil and Gas

OMG! Look at those OMOs

One of the IMF’s quantitative targets is a ceiling on government borrowing from the central bank. The objective is to av
Published 31 Jul, 2019 06:35am
POL sturdy in FY19
Oil and Gas

POL sturdy in FY19

FY19 has been outlined as a better year for the oil and gas exploration and production companies not only because of hig
Published 31 Jul, 2019 06:21am
Doing away with deemed duty
Oil and Gas

Doing away with deemed duty

The oil refineries in the country can be pressed for even tougher times in FY20. The government seems to be planning to
Updated 30 Jul, 2019 08:41am
SNGPL in 9MFY19
Oil and Gas

SNGPL in 9MFY19

After the much delayed announcement of FY18 financial performance that came from the delayed determination of final reve
Published 26 Jul, 2019 06:45am
LNG management
Oil and Gas

LNG management

We have more gas in the system than we need. No, you didn’t read it wrong. As a first in a long time, the country’s gas
Published 24 Jul, 2019 06:49am
Petroleum taxes to go high
Oil and Gas

Petroleum taxes to go high

The IMF country report on Pakistan is here. So now we know where we are headed, or have promised to be headed, for the L
Published 10 Jul, 2019 06:17am
Retail fuels losing steam
Oil and Gas

Retail fuels losing steam

It actually is a down cycle in the oil marketing sector as after furnace oil, retail fuels have also lost the force with
Published 10 Jul, 2019 05:58am
Ogra’s gas “bomb”
Oil and Gas

Ogra’s gas “bomb”

The government may notify revised consumer gas prices later today, having received the ECC nod last week. Don’t be surpr
Published 01 Jul, 2019 06:46am
Crude oil sent roaring
Oil and Gas

Crude oil sent roaring

Sentiments and forecasts change overnight for crude oil; prices have been on a roller coaster ride lately as bulls and b
Published 25 Jun, 2019 05:51am
Oil prices toppling?
Oil and Gas

Oil prices toppling?

A brutal May and a weak start of June is what summarizes oil prices recently. Their fickle nature is not unknown; yet th
Published 10 Jun, 2019 07:42am
Gas prices: U-turn calling
Oil and Gas

Gas prices: U-turn calling

Gas price revision come FY20 is going to be one big challenge. This should not have been the case. Nearly 37 percent of
Published 31 May, 2019 08:38am
Porous borders and HSD
Oil and Gas

Porous borders and HSD

Retail fuel boom seems over as the key fuels like petrol and diesel started consolidating with not only the rising price
Published 27 May, 2019 04:55am
PPL remains robust
Oil and Gas

PPL remains robust

Higher crude oil prices and Rupee depreciation have been the key drivers for earnings accretion in the oil and gas E&amp
Published 03 May, 2019 06:32am
OGDC remains robust
Oil and Gas

OGDC remains robust

The domestic oil and gas E&P sector’s financials have been benefiting from not only the higher crude oil prices, but
Published 29 Apr, 2019 06:34am
Oil battle heats up
Oil and Gas

Oil battle heats up

Having gained 30 percent since the start of the year, international crude oil prices showed the first signs of weakening
Published 17 Apr, 2019 06:30am
APL in 9MFY19
Oil and Gas

APL in 9MFY19

The oil marketing segment in the country has been in difficult times recently. Besides the phasing out of furnace oil, d
Published 15 Apr, 2019 06:49am
Oil prices choppy
Oil and Gas

Oil prices choppy

Last time this space talked of the crude oil prices, there was tussle going on between the bulls and the bears. Higher d
Published 29 Mar, 2019 05:42am
Oil imports set to rise?
Oil and Gas

Oil imports set to rise?

Is it ok to start thinking lower petroleum import bill in the country? Maybe not. Improving current account deficit, loc
Published 20 Mar, 2019 05:17am
Opening up RLNG imports
Oil and Gas

Opening up RLNG imports

When the government increases its footprint in areas better left to the private sector, problems arise. The power sector
Updated 08 Mar, 2019 06:13am
Catching up just in time?
Oil and Gas

Catching up just in time?

The phase-out plan of furnace oil stands as a big challenge for the downstream oil and gas refining sector that has been
Published 05 Mar, 2019 06:02am
PPL sturdy in 1HFY19
Oil and Gas

PPL sturdy in 1HFY19

Pakistan Petroleum Limited is the last listed E&P Company that announced its financial performance for 1HFY19 last w
Published 04 Mar, 2019 05:24am
PSO’s dismal performance
Oil and Gas

PSO’s dismal performance

Pakistan State Oil (PSX: PSO) announced its financial result for 1HFY19 yesterday, depicting a slide of around 50 percen
Published 19 Feb, 2019 04:53am
Gas crisis in Sindh
Oil and Gas

Gas crisis in Sindh

A gas crisis in Punjab in winters doesn’t sound unfamiliar; a gas crisis in Sindh and parts of Balochistan does, especia
Updated 12 Feb, 2019 07:58am
Goodbye volumetric growth
Oil and Gas

Goodbye volumetric growth

2019 began on a weaker note for the petroleum products as the volumetric sales continued their slow pace. Overall petrol
Published 08 Feb, 2019 06:24am
PRL – receding earnings
Oil and Gas

PRL – receding earnings

Pakistan Refinery Limited’s (PSX: PRL) announced its seriously bruised financial performance for the first six months of
Published 07 Feb, 2019 06:51am
APL – gaining market share
Oil and Gas

APL – gaining market share

It hasn’t been a smooth ride for the oil marketing companies in 1HFY19. Petroleum product volumes are on a down cycle, a
Published 28 Jan, 2019 06:16am
Luck’s on POL’s side
Oil and Gas

Luck’s on POL’s side

Pakistan Oilfields Limited (PSX: POL) came through as the only company of the Attock group, celebrating the 1HFY19 finan
Published 24 Jan, 2019 07:07am
Economy or environment?
Oil and Gas

Economy or environment?

With increasing reliance on coal, Pakistan finds itself stuck in what has been decades long debate: the tradeoff between
Published 10 Jan, 2019 06:16am
The petroleum tax question
Oil and Gas

The petroleum tax question

There are talks of another mini budget somewhere later this month. A lot of it is to do with the FBR lagging behind the
Updated 07 Jan, 2019 06:44am
Oil sales on a down cycle
Oil and Gas

Oil sales on a down cycle

Petroleum product sales by the oil marketing companies have fallen by 32 percent year-on-year in November 2018, and the
Published 06 Dec, 2018 05:52am
Oil starting to correct
Oil and Gas

Oil starting to correct

The markets are so desperate for deals – that they took two half baked, tentative, unofficial sidelines talks for deals,
Published 06 Dec, 2018 05:49am
Crude oil: keep it pumping
Oil and Gas

Crude oil: keep it pumping

The oil market is arguably the most capricious market in the world where the market forces are not the only driving forc
Published 23 Nov, 2018 05:53am
Managing manganese
Oil and Gas

Managing manganese

After being under immense criticism for lower quality, the petroleum sector was able to upgrade petrol to a higher octan
Published 14 Nov, 2018 06:30am
Tax loss on petroleum
Oil and Gas

Tax loss on petroleum

The FBR’s tax collection has reportedly fallen short by Rs100 billion from the target in the first four months of FY19.
Published 12 Nov, 2018 06:22am
PPL in 1QFY19
Oil and Gas

PPL in 1QFY19

Being responsible for 22 percent of the country’s gas production, Pakistan Petroleum Limited (PSX: PPL) has been aggress
Published 01 Nov, 2018 06:17am
PSO remains afloat
Oil and Gas

PSO remains afloat

Pakistan State Oil (PSX: PSO) announced its first financial result for FY19, showing a 17 percent year-on-year decline i
Updated 30 Oct, 2018 06:16am
Earnings soar for OGDC
Oil and Gas

Earnings soar for OGDC

While production volumes were down for Oil and Gas Development Company Limited (PSX: OGDCL) in FY18 on a year-on-year ba
Published 29 Oct, 2018 06:33am
Mari buoyant in 1QFY19
Oil and Gas

Mari buoyant in 1QFY19

FY18 was a prolific year for Mari Petroleum Company Limited as the company witnessed highest ever production rates and p
Published 19 Oct, 2018 06:09am
LPG – a rising reality
Oil and Gas

LPG – a rising reality

The lesser talked fuel LPG – Liquefied Petroleum Gas – has a much larger consumer base and is gradually becoming a popul
Published 12 Oct, 2018 07:21am
Bulls dominate crude oil
Oil and Gas

Bulls dominate crude oil

Crude oil has rallied 30 percent in the last five months. Having moved to a four-year high last week, speculations were
Published 12 Oct, 2018 07:09am
E&P sector in FY18
Oil and Gas

E&P sector in FY18

The oil and gas exploration and production sector in the country has been facing a lull in terms of foreign investment.
Published 04 Oct, 2018 06:28am
What’s up with diesel?
Oil and Gas

What’s up with diesel?

While diesel consumption in the country has continuously increased year after years since FY13 (see illustration), recen
Published 02 Oct, 2018 06:57am
Petroleum sales softening
Oil and Gas

Petroleum sales softening

There is a visible slowing down trend in the consumption of key petroleum products. Volumetric sales by the oil marketin
Updated 01 Oct, 2018 08:21am