Sales of petroleum products in June 2023 were reported at 1.3 million tons, down 31%YoY, however, up by 4%MoM. The…
Browsing: oil
The Western mantra to get rid of fossil oil is getting louder. There are suggestions that countries have to take…
According to the Government of Pakistan, oil is becoming the most significant indicator of economic growth when demand is inelastic.…
Exclusive Conversation with Mr. Kalim A Siddiqui — former President, Byco Petroleum Profile: Mr. Kalim A Siddiqui is a former…
Interview with Mr Kaukab Iqbal — Founding Chairman, Consumers Association of Pakistan PAGE: Tell me something about yourself, please: Kaukab…
International experts identified that the world oil demand growth forecast for 2022 remains equal to last month’s assessment at 2.5…
OPEC reference basket and selected crudes, US$/B OPEC Reference Basket (ORB) Dec 22 Jan 23 Change Year- to- Date Jan…
Oil production in the United States rose to nearly 12 million barrels per day (b/d) in August 2022, the highest…
The geopolitical landscape is changing rapidly in the aftermath of Russia’s invasion of Ukraine. Russia is exploiting European countries’ heavy dependence on its gas supplies…
Pakistan is going through serious economic crisis yet the solutions are within reach in a few month time. Of course,…
As oil demand unwinds in the wake of falling global growth, natural gas/LNG markets continue to remain tight in this…
Geopolitical conflicts have imposed certain restriction on the outflow of Russian oil and gas. This has spiked energy cost and…
The steady depletion of global energy resources due to increased consumption by mankind has contributed to the severe problem of…
The price of Brent crude oil, the international benchmark, hit $125 per barrel on March 7. It is the highest…
The Ministers of the OPEC plus, who met via video conference, rubberstamped in just 16 minutes the monthly production hike…
[box type=”info” align=”” class=”” width=””]Joisa Saraiva Professor, Fundação Getulio Vargas David G. Victor Professor, University of California, San Diego (UCSD)…
[box type=”info” align=”” class=”” width=””]Michael Bradshaw, Warwick Business School, University of Warwick[/box] With today’s high oil prices and record gas…
[box type=”info” align=”” class=”” width=””]Fredric Bauer, Lund University and Tobias Dan Nielsen, IVL Swedish Environmental Research Institute[/box] Visiting a modern…
Meteorologists are predicting a cold winter, and it could send international energy prices even higher. Record high natural gas prices…
Pakistan faces a dual challenge of maturation of current oil and gas reserves and deceleration of exploration activities. This can…
[box type=”info” align=”” class=”” width=””]Maciej Kolaczkowski Manager Oil and Gas Industry – Energy, Materials, Infrastructure Platform, World Economic Forum Pedro…
[box type=”shadow” align=”” class=”” width=””]Pakistan has underground reserves of billions of barrels oil and billions cubic meters of natural gas,…
Oil prices declined after climbing to the highest in more than a year. Prices fell for a second day on…
Import Payments By Transport And Petroleum Groups In Pakistan (Thousand US Dollar) Details Jul-20 ( R) Aug-20 ( R) Sep-20…
[box type=”info” align=”” class=”” width=””]by Katharina Buchholz, Oct 9, 2020[/box] Two German cities, Munich and Frankfurt, were found to have the…
[box type=”info” align=”” class=”” width=””]Tom Baxter, University of Aberdeen[/box] Decommissioning the UK’s offshore oil and gas infrastructure will cost the…
[box type=”info” align=”” class=”” width=””]Pedro Gabriel Gomez Pensado Head of Oil and Gas Industry, World Economic Forum David Elizondo Senior…
Interview with Mr Abbas Bilgrami — energy sector expert PAGE: Tell me something about yourself and your organization, please: Abbas…
Conversation with Mr Zafar Iqbal Ahmed — founding Managing Director, SAI Company (Private) Limited [box type=”shadow” align=”” class=”” width=””]Profile: Founding…
Interview with Mr Amanullah Khan Paracha — Chairman of Pakistan Muslim Alliance [box type=”shadow” align=”” class=”” width=””]Profile: Mr. Amanullah Khan…
The government has imposed Rs40 million penalties on six oil marketing companies (OMCs) for their noncompliance with the storage requirements.…
[box type=”info” align=”” class=”” width=””]Jon Gluyas, Durham University[/box] Oil prices have plummeted as a result of the coronavirus pandemic. While…
The week ended on 13th March 2020 can be termed one of horrific weeks for crude oil producers and traders…
Members of Organization of Petroleum Exporting Countries (OPEC) are scheduled to meet in Vienna in first week of March 2020.…
Power The regulatory actions in power sector space remained dominated by IMF directions. The government injected Rs. 200 billion into…
Reportedly, the Government of Pakistan (GoP) has confirmed that the operations of local refineries had slowed down because of high…
Energy demand is increasing year after year, for this reason, oil and gas companies due to the increasing depletion of…
Present government of Prime Minister Imran Khan has made some policy changes to facilitate new companies in the Exploration &…
It was way back in 2014 and 2015 when global oil prices decelerated from $114 per barrel to $27 per…
Average Sector Wise Natural Gas Consumption in Million Cubic Feet per Day (MMCFD) (July 2018 – Feb2019) Sector Gas Consumption…
Since 2010 investigators revealed that oil demand has raised quickly altogether over the planet due to worldwide oil price has…
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[box type=”info” align=”” class=”” width=””]by Katharina Buchholz, Jan 10, 2020[/box] China’s Sinopec Group ranks first on the list of the world’s leading…
The economy of Pakistan experienced adjustments during fiscal year 2019, which includes — the exchange rate was realigned with the…
The year 2019 witnessed a mix of some predictable events—such as Organization of Petroleum Exporting Countries (OPEC) and Russia extending…
Oil producers’ cartel led by Saudi Arabia and Russia agreed on Friday, 5th December 2019 for deeper oil output cuts…
The Gulf Cooperation Council (GCC) countries have positioned themselves as the highest remitters in the world, collectively beating the United…
Presently, US-China trade war is the single most important factor that is governing oil demand and hence its international price.…
[box type=”info” align=”” class=”” width=””]Mark Shackleton, Lancaster University[/box] The largest oil and gas producer, Saudi Aramco, is due to become…
[box type=”info” align=”” class=”” width=””]by Katharina Buchholz, Nov 4, 2019[/box] China’s Sinopec Group ranks first on the list of the world’s leading…
The policy for oil and gas exploration & production could be described as confused at best. Although the government has…
Oil & Gas is life line of any economy. Oil & Gas producing countries have become advanced states with higher…
Pakistan imports Liquefied Natural Gas (LNG) to meet the demand of the country’s power sector. The gas indigenously produced stands…
Though fuel prices in Pakistan are largely driven by international oil prices, the relationship between the prices of the various…
Pakistan’s consumption of expensive petroleum products currently stands at about 21 million tons, of which about 85 percent was met…
[box type=”info” align=”” class=”” width=””]by Martin Armstrong, Sep 16, 2019[/box] After drone attacks on two major oil facilities in Saudi Arabia on Saturday,…
Petroleum consumption in Pakistan has been booming. The demand for crude oil and refined petroleum products, such as motor gasoline…
Petroleum consumption in Pakistan has been booming. The demand for crude oil and refined petroleum products, such as motor gasoline…
Predicting the oil prices is a million dollar question; in fact, it’s a game of billions of dollars literally. The…
Interview with Dr. Ayub Mehar — a renowned economist PAGE: Tell me something about yourself, please: Dr. Ayub Mehar: I am…
Since Donald Trump administration refused to extend waivers for Iranian oil exports, the United States and Iran have been giving…
[box type=”info” align=”” class=”” width=””]by Katharina Buchholz, Apr 11, 2019[/box] Whether it’s the Chinese manufacturing sector contracting or oils prices falling –…
[box type=”info” align=”” class=”” width=””]by Katharina Buchholz, Apr 1, 2019[/box] Apple has long been known as the world’s most profitable company, but…
Gwadar soon will become ‘base station’ for import and export of oil to Middle East Saudi Arabia has shown a…
Economic role of natural gas Pakistan’s primary energy supply mix clearly shows natural gas as playing major role in country’s…
The year 2018 was no different for Pakistan since there was surge in the oil import bill despite the lower…
Pakistan heavily relies on imported energy – petroleum oil and fuel gases – to run the economy. According to estimates,…
Crude oil refineries are the most important segment of the energy chain in Pakistan. They not only save billions of…
Natural gas plays a major role in the energy matrix of Pakistan. It accounts for almost 32 percent of the…
The OPEC-led group of oil producers announced a supply cut of 1.2 million barrels per day (bpd) in crude oil…
[box type=”shadow” align=”” class=”” width=””]Profile Mr. Barkatullah Lone is Chairman of GB International Economic Forum. He is associated with a…
New govt must aim on the issues of demand/supply balance and offer investor-friendly environment for sustainability of the sector Interview…
Net FDI in Pakistan ($ Million) Details 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Jul-Sep-2019 Oil & Gas 559.6 502 300.5…
[box type=”info” align=”” class=”” width=””]by Sarah Feldman, Nov 30, 2018[/box] Saudi Arabia has pushed oil production to an all-time high, causing the price…
No doubt, shy investment in oil and gas sector and the security concerns in the province have been the key…
Pakistan’s premier oil Company, Byco Petroleum Pakistan Limited, launched their Green campaign to Make Pakistan Green Again on the nation’s…
Pakistan witnessed an increase of around 80 percent in oil and gas exploration activities in different potential areas during the…
Company is committed to expand by attracting national and international investors KPOGCL was incorporated as a Public Sector Enterprise (PSE) on…
Overcoming the chronic energy shortage in Pakistan is going to be the huge challenge for the upcoming government, which will…
Pakistan is a net oil importer and meets about 75 percent of needs through imports. Oil imports carry the heaviest…
The company was formed in January 1995 as a public listed company. It started its first oil refinery with a…
Interview with Mohammad Ibrahim Kasumbi — former Senior Vice President Karachi Chamber of Commerce and Industry PAGE: Kindly tell us something…
Development of indigenous hydrocarbon resources absolutely imperative for the sustainable economic growth New government should offer incentives to foreign E&P…
Pakistan: Average sector wise natural gas consumption (July-Feb FY 2018) Sector Gas Consumption in MMCFD RLNG Total Power 936 401…
Oil and Gas Development Company (OGDCL) holds the largest exploration acreage in Pakistan which showing the 27 percent of the…
International oil experts calculated that worldwide oil demand to increase by almost 1.45 million bpd during 2019, following predicted growth…
[box type=”info” align=”” class=”” width=””]This article is published in collaboration with Chatham House[/box] This article is part of the World Economic…
According to the provisional statistics of the Pakistan Bureau of Statistics (PBS), imports into Pakistan during May, 2018 amounted to…
[box type=”info” align=”” class=”” width=””]Negar Habibi, King’s College London[/box] Donald Trump’s decision to unilaterally pull the US out of the…
[box type=”info” align=”” class=”” width=””]Negar Habibi, King’s College London[/box] Donald Trump’s decision to unilaterally pull the US out of the…