Tag Archives: oil

China’s Sinopec Group ranks first on the list of the world’s leading oil and gas companies of 2019 with revenues of more than US$430 billion, ahead of Shell and Saudi Aramco. According to company filings, U.S. oil and gas company Exxon Mobil ranked …

The economy of Pakistan experienced adjustments during fiscal year 2019, which includes — the exchange rate was realigned with the market fundamentals; interest rates were sharply increased; Public Sector Development Expenditure was significantly curtailed and energy prices were raised. These …

The year 2019 witnessed a mix of some predictable events—such as Organization of Petroleum Exporting Countries (OPEC) and Russia extending their cooperation pact, but a few unpredictable i.e. attacks on Saudi oil facilities and ships carrying oil. Many of the …

Oil producers’ cartel led by Saudi Arabia and Russia agreed on Friday, 5th December 2019 for deeper oil output cuts during the first quarter of 2020, aiming at averting oversupply and supporting prices. The group of more than 20 oil …

The Gulf Cooperation Council (GCC) countries have positioned themselves as the highest remitters in the world, collectively beating the United States, the traditional top remitter. The GCC and the wider Middle East, is a vital and rising economic hub bringing …

Presently, US-China trade war is the single most important factor that is governing oil demand and hence its international price. Even global economic growth hinges upon striking a deal between the two power houses. The markets appear to have turned …

The largest oil and gas producer, Saudi Aramco, is due to become the world’s most valuable publicly listed company. The Saudi government is planning to sell a small fraction of the firm’s shares on the Riyadh stock exchange before seeking …

China’s Sinopec Group ranks first on the list of the world’s leading oil and gas companies of 2018 with revenues of more than US$420 billion, ahead of Shell and Saudi Aramco. According to company filings, U.S. oil and gas company Exxon Mobil …

The policy for oil and gas exploration & production could be described as confused at best. Although the government has eliminated the quota system and is preparing a draft in order to separate the functions of policymaking, regulation and administration …

Oil & Gas is life line of any economy. Oil & Gas producing countries have become advanced states with higher per capita. Although Pakistan is rich in Oil & Gas resources yet the import lobbies and commission agents have kept …