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Commodities

Sales of petroleum products fall by 6% in April

Sale of total petroleum products in Pakistan clocked in at 1.1 million tons in April, a decline of 6% year-on-year...

Published 03 May, 2024 03:04pm

Energy

UAE’s April non-oil business activity slows sharply on flood impact, PMI shows

DUBAI: Growth in the United Arab Emirates’ non-oil business sector eased to its lowest level in eight months in...

Published 03 May, 2024 10:26am

Energy

Oil prices set for steepest weekly drop in 3 months

Oil prices edged up on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed...

Updated 03 May, 2024 12:46pm

Energy

SSGC removes over 5,200 illegal gas connections

KARACHI: In a relentless effort to control the menace of gas theft, SSGC continued to conduct raids in its franchise...

Published 03 May, 2024 06:29am

Energy

China solar power development driving down production costs

LAHORE: China large-scale development of solar power, coupled with continuous innovation and a complete industrial...

Published 03 May, 2024 06:29am

Energy

April sales 6-month low: OMCs

ISLAMABAD: Oil marketing companies (OMCs) in April 2024 posted monthly sales of 1.1mn tons which is six months low...

Published 03 May, 2024 06:29am

Energy

For fortnight from May 1: Exchange rate adjustment on petrol, diesel allowed

ISLAMABAD: The federal government allowed per litre exchange rate adjustment of Rs1.14 per litre on petrol and 17...

Published 03 May, 2024 06:29am

Energy

Shell Pakistan launches Shell Lubricant Solutions

Shell, the leading global supplier of finished lubricants for 17 consecutive years, has launched Shell Lubricant...

Published 02 May, 2024 05:06pm

Energy

Oil slides to 7-week low

NEW YORK: Oil prices fell to a seven-week low for the second consecutive session on Thursday, weighed by weakening...

Published 03 May, 2024 06:29am

Energy

Asia’s crude oil imports slip in April, trail OPEC forecasts: Russell

LAUNCESTON: Asia’s imports of crude oil slipped slightly in April from March, as increased arrivals in China failed...

Published 02 May, 2024 11:04am

Energy

Bangladesh’s RPGCL seeks three LNG cargoes for June delivery, sources say

SINGAPORE: Bangladesh’s state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a tender seeking three...

Published 02 May, 2024 10:26am

Energy

Oil prices rebound after closing at seven-week low

LONDON: Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since...

Updated 02 May, 2024 06:02pm

Energy

OMAP urges govt to remove 20-day stock cover requirement

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has urged the government to remove the 20-day stock cover...

Updated 02 May, 2024 05:21am

Energy

Energy sector experts say ‘solar tax is not a hoax’

LAHORE: The energy sector experts have feared that the solar tax was not a hoax. Rather, it was a litmus check to...

Published 02 May, 2024 04:58am

Energy

OGDCL posts Rs171.104bn PAT

ISLAMABAD: The Board of Directors (BoDs) of Oil and Gas Development Company Limited (OGDCL) announced the financial...

Published 02 May, 2024 04:58am

Energy

US natural gas prices fall on forecasts for less demand, storage oversupply

NEW YORK: US natural gas futures fell about 3% on Wednesday on forecasts for less demand over the next two weeks ...

Published 02 May, 2024 04:58am

Energy

Oil falls to 7-week low on surprise build in US storage

NEW YORK: Oil prices fell about 3% to a seven-week low on Wednesday on a surprise build in US crude stocks, the...

Published 02 May, 2024 04:58am

Energy

Oil falls to 7-week low on surprise build in US storage, Middle East ceasefire hopes

US Energy Information Administration says energy firms added surprise 7.3 million barrels of crude into stockpiles during week ended April 26

Updated 01 May, 2024 08:36pm

Energy

Hydropower project: Leghari urged to help remove obstacles

ISLAMABAD: South Korean company, Korea Hydro & Nuclear Power Co., Ltd (KHNP), which is developing a hydropower...