Oil rises over 1% as Iran threat puts Red Sea route at risk Updated 16 Jul, 2026 07:12pm Brent crude futures were up 93 cents, or 1.09%, to $85.88 a barrel
OCAC demands release of Rs66.7bn pending PDCs Published 16 Jul, 2026 06:46am ISLAMABAD: Warning of a potential shortage of petroleum products, the country’s oil industry has urged the...
PDCs: oil industry urges regulator to revisit withholding proposal Published 02 Apr, 2026 06:03am ISLAMABAD: The country’s oil industry has urged the Oil and Gas Regulatory Authority (OGRA) to reconsider its...
Edible Oil Conference: Experts highlight potential to boost industry Updated 12 Jan, 2026 07:32am KARACHI: The 8th Pakistan Edible Oil Conference very successfully ended by harvesting great ideas and...
Trump urges US oil giants to repair Venezuela’s ‘rotting’ energy industry Published 10 Jan, 2026 02:56am We’re going to discuss how these great American companies can help rapidly rebuild Venezuela’s dilapidated oil industry
Oil prices rise 1% on trade war relief, US pressure on Russia Updated 29 Jul, 2025 09:42pm NEW YORK: Oil prices rose on Tuesday, extending the previous day’s rally, on optimism that a trade war between the...
TTS roadmap: Ogra meets key oil industry players Updated 29 Jul, 2025 09:15am ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) conducted an interactive session on Monday with key...
Oil eases as Trump’s 50-day deadline for Russia reduces supply fears Updated 15 Jul, 2025 09:55pm NEW YORK: Oil prices edged lower on Tuesday after U.S. President Donald Trump’s 50-day deadline for Russia to end...
OCAC seeks SIFC intervention over petroleum levy on furnace oil Published 02 Jul, 2025 06:31pm The Oil Companies Advisory Council (OCAC) has sought intervention from the Special Investment Facilitation Council...
Oil millers demand lending to farmers Published 10 Feb, 2025 05:35am HYDERABAD: All Sindh Oil Millers and Oil Association held a meeting and conference at a local hotel in Hyderabad. ...
Downstream oil sector deregulation: OCAC refuses to endorse any future road map Updated 07 Jan, 2025 12:53pm ISLAMABAD: The Oil Companies Advisory Committee (OCAC) has issued a strong statement, asserting that the oil...
Iran condemns ‘illegal and unjustified’ US sanctions on oil industry: ministry Updated 13 Oct, 2024 09:21pm TEHRAN: Iran condemned Sunday what it called an “illegal and unjustified” expansion of US sanctions targeting its...
Interview with Adil Khattak, Chief Executive Officer of Attock Refinery Limited & Attock Gen Limited Published 02 Aug, 2024 08:36am ‘Government should prioritise supporting existing refineries willing to upgrade and expand’ Adil Khattak, Chief...
Oil prices ease slightly, eyes on talks for Gaza ceasefire Updated 09 Apr, 2024 09:37pm HOUSTON: Oil prices dipped for a second straight day on Tuesday, as talks for a ceasefire in Gaza continued, but...
OCAC urges govt to dismantle smuggling network Updated 26 Mar, 2024 09:44am ISLAMABAD: The Oil Companies Advisory Council (OCAC) has urged the government to extend support to aggressively...
Oil prices: Resilient in tough times Published 24 Jan, 2024 07:46am The Red Sea remains a battle zone. Vessels are rerouting despite a heavy presence of naval fleets to counter the...
PEOC – A vehicle for increased recognition of edible oil industry of Pakistan Published 13 Jan, 2024 05:38am Farhat Rasheed Janmohammed
Oil rises to highest in over 7 months on supply worries Updated 01 Sep, 2023 09:27pm NEW YORK: Oil prices rose on Friday to their highest in over half a year and were on track to snap a two-week losing...
OMAP urges govt to resolve issues facing oil industry Published 31 Aug, 2023 06:00am LAHORE: Oil Marketing Association of Pakistan (OMAP) on Wednesday drew attention of the caretaker cabinet towards ...
Ogra rebuts resentment shown by oil industry Published 19 Jul, 2023 03:21am ISLAMABAD. The Oil and Gas Regulatory Authority (Ogra) rebutted resentment shown by the oil industry questioning the...
OCAC assails Ogra’s HSD price cut decision Updated 18 Jul, 2023 08:59am ISLAMABAD: The Oil Companies Advisory Council (OCAC) blamed the Oil and Gas Regulatory Authority (OGRA) that forced...
Concerns over Ogra’s ‘anti-OMCs’ bias expressed Published 13 Jul, 2023 04:50am LAHORE: The emerging Oil Marketing Companies (OMCs) have expressed their concerns regarding the biasness of Oil and...
Oil import on foreign supplier’s account: OCAC requests govt to convene meeting of stakeholders Updated 28 Jun, 2023 09:01am ISLAMABAD: While raising questions on approval of policy guidelines regarding import of oil on foreign supplier’s...
OMAP urges Ogra to ensure safety standards Published 09 Mar, 2023 06:23am LAHORE: Oil Marketing Association of Pakistan (OMAP) on Wednesday asked Oil and Gas Regulatory Authority (Ogra) to...
PRL – road block ahead? Published 08 Feb, 2023 09:19am That the industry is on the verge of collapse has become a regular news as one industry after another is being...
With profit of $56bn Exxon smashes all industry records Published 06 Feb, 2023 07:28am HOUSTON: Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about...
Pakistan’s oil industry on brink of collapse, says OCAC Published 03 Feb, 2023 09:56pm In letter to energy ministry and Ogra chairman, body makes case for enhancing trade finance limits in wake of rupee depreciation
OMAP urges SBP to announce relief for oil industry Published 31 Jan, 2023 06:01am LAHORE: The Oil Marketing Association of Pakistan on Monday demanded of the State Bank of Pakistan to announce some...
UN chief slams oil firms for ‘big lie’ on global warming Published 19 Jan, 2023 05:58am DAVOS: UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having “peddled the big lie”...
Full compensation sought for all companies: Oil industry suffers Rs50bn losses due to forex issues Published 03 Oct, 2022 05:52am LAHORE: The oil industry has suffered a loss of Rs 50 billion on account of foreign exchange losses between July 1,...