oil & gas sector

CCOE forms committee to review incentives for fuel supply to remote areas

Requests court to void ministry’s notifications for crackdown against petrol companies

Risk to sensitive oil supply chain threatens country’s energy security

Imran says a special cell can be set up for resolution of construction-related issues

Asks Ministry for Petroleum to submit a report

Extends interim bail of Shahid Khaqan Abbasi in PSO illegal appointments case

Company performance marred by hiring on key posts on political grounds

District administration imposes Rs15,000 fine on every pump refusing to sell fuel

Quetta DC vows action against profiteers

Iraq, Nigeria agree to deeper output cuts; prices double since diving below $20 in April

PTI govt has directed utility firms to provide maximum relief as country fights against Covid-19

Seeks to protect revenues amid sliding oil prices in global market

Now we have the cheapest fuel cost compared to other states in South Asia, says PM Imran

ECC also approves mechanism to retire Rs200b circular debt

Country may face shortage if refineries cut production of petroleum products

SSGC claims to have suffered loss due to LNG swap with domestic gas

Global oil demand slumps about 30% as crisis hits hard

Low pressure of the gas is causing a problem for K-Electric to run three gas-based power plants

Maritime ministry floated idea for cheaper imported oil due to lack of onshore storages

Supply glut offsets hopes for recovery in demand as some countries ease lockdowns

Fuel unavailability may delay harvest of crops, spark food insecurity

Oil and gas then, still seems to be major factors in today’s geo-economics

Petroleum Division says sales are expected to increase due to drop in prices

Price of high speed diesel also massively cut by Rs27.15 per litre

Moscow says alliance should shift strategy once demand recovers

Regulatory authority suggests reducing diesel and petrol prices by Rs34 and Rs21 per litre

Spike in cost of sales, rupee depreciation drive losses

Imran Khan-led govt allows refineries to import commodity to meet growing demand due to harvesting season

Inventory losses mount due to dip in global crude

Since the start of the year, Brent has fallen more than 65% while WTI has dropped around 75%

Reiterates kingdom constantly working to achieve market stability

May WTI crude contract plunges as storage options run out

Islamabad did not place any oil import orders as its storage is full

Brent futures fell 0.7%, to $27.49 a barrel, while WTI rose 1.5%, to $20.17

Measures by OPEC+, others to cut output should allow demand to start exceeding supply

US crude stocks surge by 19m barrels in highest one-week increase

Key to survival is not just relief package but also willingness for a paradigm shift

Subsidy can be provided to poor consumers by waiving, reducing taxes

Pre-qualified bidders ask for extension in timeline in wake of coronavirus

PTI govt directs OMCs, refineries to cancel import orders for petrol and crude oil

Officials say LNG demand has gone down due to virus-fuelled lockdown

Hopes grow that US will soon reach deal on $2tr coronavirus economic package

Regulatory regime should be introduced to ensure low gas tariffs reflect in fertiliser prices

Attock Refinery announces closure of second unit of 5,000 bpd

Finance Division working on hedging options to take advantage of low crude prices

Expect higher oil imports, low demand in wake of coronavirus pandemic

Petroleum Division engages in consultation to cut UFG level, return on assets for gas utilities

Global markets can handle one crisis at a time but when two arrive simultaneously, they swoon.

India is pressing Qatar to renegotiate LNG prices, which may benefit Pakistan as well

Investors will anxiously watch for coordinated response to fight global health crisis