Tag Archives: crude

Oil prices declined after climbing to the highest in more than a year. Prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by …

Gas and Oil first OMC to offer electric vehicle chargers in Pakistan The company set to 1,000 retail outlets across the country Deregulating the market likely usher into bright prospect Concerted effort needed to push investment in the sector for …

Many analysts believe that the decision of US President, Donald Trump to end the exemptions regarding buying Iranian crude oil is a double-edged sword. On one hand, he doesn’t want oil prices to go up and on the other hand he is adamant at …

Present statistics show rising oil prices amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly increase since 2009. Statistics also showed that oil prices have been supported for much …

The year 2018 was no different for Pakistan since there was surge in the oil import bill despite the lower international prices. On the one hand, increase in the use of oil indicates economic activities, however, on the contrary, it …

Crude oil refineries are the most important segment of the energy chain in Pakistan. They not only save billions of dollars every year, but also add value, provide employment and make substantial contribution to the national exchequer. However, it will …

The OPEC-led group of oil producers announced a supply cut of 1.2 million barrels per day (bpd) in crude oil supply from January 2019, measured against October 2018 output levels. The move follows a more than 30 percent collapse in …

Byco Petroleum Pakistan Limited a leading oil refining company in Pakistan has raised its share in the country’s gasoline supply by sevenfold. It is said that the share of Byco Petroleum has risen from 1 to 7 percent in Pakistan …

Pakistan witnessed an increase of around 80 percent in oil and gas exploration activities in different potential areas during the last four years. The government took a number of initiatives which resulted in drilling of over 179 exploratory and 194 …

Pakistan’s dependence on the hydrocarbons has been growing immensely where the dwindling indigenous resources are being counterpoise by imports. According to the Economic Survey 2016-17, the domestic production of crude oil stood at 24.2 million barrels during 9 nine month …