Oil

OGRA warned that any further violations would trigger immediate enforcement action, including suspension of business operations.

Islamabad: Pakistan’s oil import bill has seen a slight decrease of 1.19% to $11.94 billion for the first nine months of FY25, compared to $12.08 billion during the same period …

Islamabad, Mar 17, 2025: Pakistan’s energy landscape has taken a major leap forward with the Oil & Gas Development Company Limited (OGDCL) unveiling a remarkable discovery of oil and gas …

The top five export destinations for these products are Iraq, Afghanistan, Russia, Turkey, and Georgia, making up approximately 80% of exports, as stated by Emad Ahmadvand, an official with the …

Russia has shifted its oil exports away from Europe towards China and India, according to Deputy Prime Minister Alexander Novak. This redirection comes nearly two years after Western sanctions were …

The latest audit report from the Auditor General of Pakistan has brought to light the operation of approximately 7000 illegal petrol pumps scattered throughout the country. The report has raised …

The Taliban government in Afghanistan signed a deal with Russia to buy gasoline, diesel, gas and wheat. Under the deal, Russia would supply one million tonnes of gasoline, one million …

The New York Times stated that the European Union was working toward enacting a phased-in embargo on Russian oil, to allow Germany and other countries time to secure alternate sources.

OPEC crude oil price has further increased today, to $110/barrel, up 0.37 percent from previous price. OPEC’s crude oil is staying above Brent’s value due to Houthis attack on Saudi …

Prime Minister Imran Khan on Monday rued the lack of opportunities available for the middle and poor classes in the country, saying the PTI government was making efforts to change …