Tag Archives: oil

Oil and Gas Development Company (OGDCL) holds the largest exploration acreage in Pakistan which showing the 27 percent of the country’s total area under exploration during March 2018. During July 2017-March 2018, OGDCL continued with its seismic data activities acquiring …

International oil experts calculated that worldwide oil demand to increase by almost 1.45 million bpd during 2019, following predicted growth of 1.65 million bpd for 2018. It is also said that this year, total world oil consumption is predicted at …

This article is part of the World Economic Forum’s Geostrategy platform Over half of the world’s least developed and lowest income countries are currently exploring for oil and gas or hoping to expand existing production. Yet tightening climate policies and shifting …

According to the provisional statistics of the Pakistan Bureau of Statistics (PBS), imports into Pakistan during May, 2018 amounted to Rs671,212 million (provisional) as compared to Rs589,741 million (provisional) during April, 2018 and Rs530,620 million during May, 2017 explaining a …

Donald Trump’s decision to unilaterally pull the US out of the Iran nuclear deal doesn’t just have important political and security implications. Because sanctions are at the heart of the deal, it will also have a significant economic impact. Just …

Donald Trump’s decision to unilaterally pull the US out of the Iran nuclear deal doesn’t just have important political and security implications. Because sanctions are at the heart of the deal, it will also have a significant economic impact. Just …

The World Bank officials revealed in a statement that the prices for energy commodities like oil, natural gas and coal are estimated to jump by a whopping 20 percent in 2018. The rise in energy prices is predicted to have …

Since January 2018, Pakistan has witnessed a persistent rise in oil fuel prices. The petroleum products prices are revised on every month by the Ministry of Finance and petroleum prices are suggested by the Oil and Gas Regulatory Authority (OGRA) …

Issues Pakistan has currently two types of gas — imported and local. Textile, fertilizers, CNG stations and power sectors are using the Liquefied Natural Gas (LNG) under ring fencing regime. However, the domestic, commercial and some industrial players are using …

It was way back in 2008 that the crude prices went as high as $147 per barrel shaking the entire non-oil producing world. And again, it was in the same year i.e. 2008 that the crude prices went as low …