BB Energy completes acquisition of equity stake in Euro Oil
LAHORE – Global trading company BB Energy Group has announced the completion of an equity stake in Euro Oil Private Limited (Euro Oil), which is a new-gen oil marketing company …
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‘Global oil demand growth’ era’s end predicted after fallout from COVID Pandemic
The ongoing coronavirus pandemic has resulted in the biggest economic downturn in the oil and gas sector “in living memory”, said a report by the Organisation of the Petroleum Exporting …
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Pakistan, ITFC sign agreement worth $386m for import of oil, LNG
ISLAMABAD – Pakistan and International Islamic Trade Finance Corporation (ITFC) on Monday has signed agreement amounting $386 million for the import of oil and LNG. The signing of financing agreement …
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8,543,761 BBL oil, 64,967 MMCF gas produced from Karak fields
ISLAMABAD- -Exploration and Production (E&P) companies have produced around 8,543,761.66 Barrel (BBL) oil and 64,967.32 Million Cubic Feet (MMCF) gas from five fields of Karak district of Khyber Pakhtunkhwa from …
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Oil exploration up in air as prices dive
London-The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration, even if finding new deposits remain essential to their existence. …
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Oil prices rise after prior week’s downbeat performance
Xinhua 6:55 PM | September 29, 2020 Oil prices advanced on Monday, recouping some of last week’s losses. The West Texas Intermediate (WTI) for November delivery rose 35 cents to …
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Dual White Oil Pipeline likely to be operational next month
ISLAMABAD-The Petroleum Division has completed dualisation of the White Oil Pipeline, from Karachi to Sheikhupura, for smooth supply of petrol and diesel to Oil Marketing Companies (OMCs) and reducing reliance …
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Oil prices fall below $40 as virus threatens economies
Anadolu 9:57 AM | September 10, 2020 Crude oil prices fell on Wednesday as the global coronavirus outbreak continues to threaten global economies while further fueling demand concerns. International benchmark …
Read MoreNationwide supply of petroleum products suspended after fire at Keamari oil terminal
The nationwide supply of petroleum and oil products was suspended on Thursday after the oil terminal at Keamari caught fire. "The main road, which is used to supply petroleum products …
Read MoreOil prices unchanged as PM rejects price hike
The federal government on Monday announced keeping oil prices unchanged for a fortnight effective September 1, 2020 (today) after Prime Minister Imran Khan turned down recommendations of the Oil and …
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