oil
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OGDCL to boost local oil and gas production | The Express Tribune
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Pakistan’s largest oil and gas exploration firm – Oil and Gas Development Company Limited (OGDCL) – has announced a significant increase in local oil and gas production, told a spokesperson of the state-owned oil and gas company. The company has…
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OPEC+ extends deep oil cuts into 2025 | The Express Tribune
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LONDON/DUBAI: OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US production. Brent crude…
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Oil sector demands repair of infrastructure | The Express Tribune
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KARACHI: The Oil Companies Advisory Council (OCAC) has written a letter to the Karachi Port Trust (KPT), urging the port authority to begin the long-awaited repair and maintenance work on roads and sewerage infrastructure in the Keamari oil installation area…
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Oil, gas sector irregularities unearthed | The Express Tribune
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The Auditor General of Pakistan (AGP) has discovered numerous deviations from rules and policies by the Director General Petroleum Concession (DGPC) in dealings with oil and gas exploration companies, which have resulted in substantial losses to the national exchequer. The…
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Oil gains 1% on hopes of firmer demand | The Express Tribune
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NEW YORK: Oil prices settled about 1% higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the world’s top two oil consumers – China and the US – bolstered…
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Iraq’s oil and gas attracts Chinese firms | The Express Tribune
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BAGHDAD: Iraq was holding an oil and gas licensing round for 29 projects on Saturday in a bid to develop its huge gas reservoirs to help power the country and lure billions of dollars in investments. The exploration blocks are…
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Oil prices fall as ME tensions ease | The Express Tribune
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LONDON: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world’s largest oil consumer slowed, however, a fall in US crude oil inventories put a floor on those…
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Notable oil and gas reserves discovered in Sindh’s Daharki | The Express Tribune
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DAHARKI: In a significant development that brings relief to the people of Pakistan grappling with a persistent gas shortage, Mari Petroleum Company Limited (MPCL) on Monday announced the discovery of notable oil and gas deposits in Daharki district of Sindh….
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Oil steady as OPEC retains demand forecasts | The Express Tribune
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LONDON: Oil prices were little changed on Tuesday as OPEC stuck by its forecast for demand growth this year and next, amid persistent tensions in the Middle East and beyond. Brent futures for May delivery were up 24 cents at…
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Edible oil industry advocates tax reform | The Express Tribune
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The government should contemplate imposing a 20-22% sales tax and a 5% income tax on commercial importers to discourage them, said KK Group of Industries CEO Khalid Islam Sheikh. Photo: file KARACHI: Edible oil manufacturers have called for reducing the…
