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...
Oil heads for weekly gains as Middle East supply risks persist Updated 10 Jul, 2026 05:48pm Brent futures were up 24 cents, or 0.3%, at $76.54 a barrel
Refining Policy 2023: Amendments set to return to CCoE Published 10 Jul, 2026 05:43am ISLAMABAD: The long-awaited amendments to the Pakistan Oil Refining Policy 2023 are set to return to the Cabinet...
Oil cos raise the alarm regarding frequent changes in pricing formula Updated 28 Jun, 2026 06:16am ISLAMABAD: Pakistan’s downstream petroleum sector has sounded an unprecedented alarm over what industry...
How to build Pakistan’s energy resilience against another crisis? Updated 18 Jun, 2026 07:50am On 28 February 2026, US and Israeli forces launched coordinated strikes on Iran under ‘Operation Epic Fury’,...
Pakistan’s refineries: between revenue needs and energy security Published 11 Jun, 2026 05:06am Pakistan’s oil refining sector occupies a strategic but often under-appreciated space in the national economy. The...
OCAC concerned over inventory gains review, cross-subsidy plans Published 05 Jun, 2026 05:48am ISLAMABAD: The Oil Companies Advisory Council (OCAC) has raised serious concerns over reported government plans to...
Ogra disburses approx Rs38bn in PDC to 34 OMCs Updated 18 Apr, 2026 09:06am ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has processed the disbursement of approximately Rs 38 billion...
Ogra yet to clear backlog: Rs107bn in OMCs’ PDCs stay unsettled Updated 08 Apr, 2026 09:17am ISLAMABAD: Oil Marketing Companies (OMCs) are facing mounting financial strain as up to Rs107 billion in Price...
March refinery throughput rises 13% year-on-year Updated 03 Apr, 2026 09:56am ISLAMABAD: Pakistan’s oil refining sector played a pivotal role in averting a potential fuel supply crisis during...
Hormuz closure could triple Pakistan’s oil bill, push inflation to 15pc-17pc Published 18 Mar, 2026 04:35am Oil markets are being shaken once again globally by geopolitical strains in the Middle East. The mounting tension...
Stable margins anchor POL’s 1HFY26 Updated 25 Feb, 2026 06:12am In 1HFY26, Pakistan Oilfields Limited (PSX: POL) delivered a resilient earnings performance despite a decline in the...
BR RESEARCH: OMC sales kick off 2026 on a rebound Updated 04 Feb, 2026 08:06am The OMC sector recorded a strong rebound in Jan-26, with total petroleum product sales rising by 10 percent...
Line fill financing cost: OCAC urges Ogra to review existing recovery methodology Published 19 Jan, 2026 05:15am ISLAMABAD: The Oil Companies Advisory Council (OCAC) has requested Oil & Gas Regulatory Authority (Ogra) to...
Petroleum Association seeks govt support to settle Rs1.547trn overdue payments Updated 19 Jan, 2026 08:29am ISLAMABAD: The Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) has sought the Ministry...
Oil gains as market weighs Iran, Russia supply risks Published 11 Jan, 2026 03:26am NEW YORK: Oil prices rose 2percent on Friday on growing supply worries linked to intensifying protests in...
BR RESEARCH: OMC sales signal recovery with some friction Updated 08 Jan, 2026 07:24am Pakistan’s oil marketing companies recorded a mixed performance in December 2025, with headline volumes improving...
New oil and gas reserves: PM urges aggressive drive to explore, extract Published 02 Jan, 2026 06:11am ISLAMABAD: In a bold move to tackle the country’s crippling energy crisis, Prime Minister Shehbaz Sharif on...
Oil and Gas Development Company Limited: performance and outlook Updated 26 Dec, 2025 07:26am Oil and Gas Development Company Limited (PSX: OGDC) is Pakistan’s largest exploration and production company,...
BR RESEARCH: Oil glut could deepen Updated 26 Dec, 2025 07:26am Global oil markets have decisively moved away from a scarcity-driven narrative. The dominant feature now is...
BR RESEARCH: Cheap crude for now Updated 26 Nov, 2025 08:05am As of November 2025, global crude oil markets are shifting again. After a brief rebound earlier in the year, prices...
Aramco opens 50th retail station Published 12 Nov, 2025 06:54am KARACHI: Gas & Oil Pakistan Limited, in partnership with Aramco, inaugurated its 50th retail station on Srinagar...
BR Research: Oil’s timely retreat for Pakistan Updated 12 Nov, 2025 07:47am Oil prices have softened again, and this time the decline feels different. Brent crude hovering in the low to mid ...
POL sector leads Customs duty amid import reliance Updated 10 Nov, 2025 08:45am ISLAMABAD: The petroleum, oil and lubricants (POL) sector remained the largest contributor to Customs Duty during...
Steady fuel demand in October Updated 06 Nov, 2025 08:23am The oil marketing companies (OMCs) posted flattish overall sales in October 2025 at 1.50 million tons, compared to...
Strategic shift to gas exploration outlined: OGDC posts big leap in recovery of receivables Published 04 Nov, 2025 05:55am KARACHI: Oil and Gas Development Company Limited (OGDC) has reported significant progress in receivables recovery ...
OPEC+ further hikes oil output Published 03 Nov, 2025 04:58am LONDON: The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had...
Exploration licences: PD receives bids for 23 of 40 offshore blocks Updated 01 Nov, 2025 09:31am ISLAMABAD: The Petroleum Division on Friday received bids for 23 of the 40 offshore blocks, which were launched in...
‘Pricing anomaly’: Petroleum industry faced Rs3/litre loss at oil imports in Jul-Sept, says report Published 31 Oct, 2025 09:07pm KARACHI: Pakistan’s petroleum industry booked a loss of Rs3/litre on import of crude oil and finished products in...