Tag Archives: 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 …

Pakistan imports Liquefied Natural Gas (LNG) to meet the demand of the country’s power sector. The gas indigenously produced stands at 4 billion cubic feet per day (bcfd) against total demand of 6 bcfd. The country has to import 1.2 …

Though fuel prices in Pakistan are largely driven by international oil prices, the relationship between the prices of the various fuels is not very obvious. The administrative intervention often distorts the pass-through of international prices to domestic Petroleum Oil Lubricants …

Pakistan’s consumption of expensive petroleum products currently stands at about 21 million tons, of which about 85 percent was met through imports. According to one estimate, around 50 percent of the energy need is met by the indigenous gas production …

After drone attacks on two major oil facilities in Saudi Arabia on Saturday, half of the country’s production capability has been knocked out. How much of an impact will this have on global oil supplies? As the latest data from BP shows, Saudi Arabia …