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Will OPEC plus opt for deeper oil cut?

Will OPEC plus opt for deeper oil cut?

Members of Organization of Petroleum Exporting Countries (OPEC) are scheduled to meet in Vienna in first week of March 2020. Top of the agenda item is to decide production quotas in the aftermath of coronavirus spread. To arrive at further …

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Refineries in Pakistan face bleak outlook

Refineries in Pakistan face bleak outlook

Reportedly, the Government of Pakistan (GoP) has confirmed that the operations of local refineries had slowed down because of high production of residual fuel oil (RFO) and the international ban on its use for bunkering after 31st December, 2019. In …

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Oil for the economy

Oil for the economy

It was way back in 2014 and 2015 when global oil prices decelerated from $114 per barrel to $27 per barrel. It was a monumental news for the oil importing countries whereas the oil exporting countries saw their economic growth …

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Oil & Gas (Facts & Figures)

Post Budget 2020-21 (Facts & Figures)

Average Sector Wise Natural Gas Consumption in Million Cubic Feet per Day (MMCFD) (July 2018 – Feb2019) Sector Gas Consumption in MMCFD RLNG Total Power 865 546 1,411 Domestic 889 – 889 Commercial 84 5 89 Transport (CNG) 136 47 …

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Review of oil import, consumption

Review of oil import, consumption

Since 2010 investigators revealed that oil demand has raised quickly altogether over the planet due to worldwide oil price has driving down. Rise within the oil price cause to extend within the cost, import bills and price of petroleum products, …

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