Tag Archives: oil

Since Donald Trump administration refused to extend waivers for Iranian oil exports, the United States and Iran have been giving threats and counter threats. In response to the US decision to tighten oil sanctions and push Iranian oil exports to …

Whether it’s the Chinese manufacturing sector contracting or oils prices falling – signs of a global economic slowdown are plenty these days. The reasons are just as diverse, and include U.S.-China trade tensions, economic turmoil in countries like Argentina, Turkey and Venezuela, …

Apple has long been known as the world’s most profitable company, but those days are over. By preparing to be publicly listed, Saudi state oil company Saudi Aramco had to disclose company reports and was subsequentially rated by Moody’s to have earned …

Gwadar soon will become ‘base station’ for import and export of oil to Middle East Saudi Arabia has shown a keen interest in China-Pakistan Economic Corridor (CPEC) primarily to relate its economy with China and take steps in achieving its Vision 2030, …

Economic role of natural gas Pakistan’s primary energy supply mix clearly shows natural gas as playing major role in country’s economic development by accounting for nearly 50 percent of its total primary energy supply mix. Pakistan’s natural gas production has …

The year 2018 was no different for Pakistan since there was surge in the oil import bill despite the lower international prices. On the one hand, increase in the use of oil indicates economic activities, however, on the contrary, it …

Pakistan heavily relies on imported energy – petroleum oil and fuel gases – to run the economy. According to estimates, it meets around 70 percent of energy needs through imports. Energy imports comprise around one-fourth of the total import bill …

Crude oil refineries are the most important segment of the energy chain in Pakistan. They not only save billions of dollars every year, but also add value, provide employment and make substantial contribution to the national exchequer. However, it will …

Natural gas plays a major role in the energy matrix of Pakistan. It accounts for almost 32 percent of the total primary energy supply mix in Pakistan and Pakistan is 20th largest gas consumer of the word, with an established …

The OPEC-led group of oil producers announced a supply cut of 1.2 million barrels per day (bpd) in crude oil supply from January 2019, measured against October 2018 output levels. The move follows a more than 30 percent collapse in …