Supply of crude oil from Russia in April’s 1st week: Musadik Malik
ISLAMABAD: Minister of State for Petroleum Dr. Musadik Malik on Thursday said the first consignment of oil from Moscow (Russia) to the country would arrive in the first week of…
OGDCL injects two new gas and crude oil wells
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has injected two new wells, producing 65,233 Barrels crude oil and 368 Million Cubic Feet (MMCF) gas, in its production gathering…
Oil Prices
Oil prices up as EU agrees on budget, coronavirus aid
ANKARA: Crude oil prices were up on Tuesday as European Union leaders agreed on a budget and package for the novel coronavirus (COVID-19) which offered hope that oil consumption on…
Furnace Oil
Government bans import of furnace oil
ISLAMABAD: The government on Tuesday put an immediate ban on import of furnace oil and ordered all the refineries to utilise billions of rupees in annual deemed duty, they collect…
Petrol Prices
Oil heads for third weekly loss after new signs of inventory building
Tokyo: Crude futures fell in Asian trading on Friday as fresh signs of inventory building and the Federal Reserves rate hike this week kept prices under pressure amid a global…