energy sector

ISLAMABAD: State-owned oil and gas companies in Pakistan have reported profits exceeding PKR 2.7 trillion over the past decade. This substantial financial gain highlights the significant role these enterprises play in the national…

LONDON: Global oil prices have seen a significant decline as market adjustments and economic shifts take center stage. The price of crude oil dropped by over 5% this week, reflecting changing demand dynamics and geopolitical factors…

News Desk ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has announced a significant increase in electricity tariffs, a move that is expected to impact millions of consumers across Pakistan. This decision comes as part…

News Desk ISLAMABAD: The government has announced an increase in petrol prices while simultaneously reducing the cost of diesel, a move that reflects ongoing economic challenges. Effective immediately, petrol prices will rise by Rs10 per…

News Desk CARACAS: An explosion has struck Venezuela's second-largest oil refinery, prompting an immediate suspension of its operations. The incident occurred on Tuesday at the Amuay refinery, part of the state-owned Petroleos de Venezuela…

News Desk ISLAMABAD: Pakistan is grappling with an escalating power crisis, leading to extended load shedding across urban and rural areas. The National Transmission and Dispatch Company (NTDC) reports that the total electricity shortfall…

News DeskISLAMABAD: The Pakistani government has announced a significant increase in fuel prices, effective immediately, as part of its ongoing efforts to manage the country's economic challenges. The price of petrol has risen by PKR…

News Desk MULTAN: Gas supply in various areas of Multan will be temporarily suspended from 6 AM to 9:30 PM on October 1 due to maintenance activities on the pipeline at Canal Crossing, Mailsi Multan, as announced by Sui Northern Gas…

ISLAMABAD: The Pakistani government has announced its decision to eliminate gas slabs and implement a uniform gas tariff starting July 1, 2027, a move aimed at fulfilling another condition set by the International Monetary Fund (IMF). This…

News Desk LONDON: Global crude oil prices registered a sharp increase across major international markets following the formal rejection of a crucial peace agreement, heightening fears of prolonged supply chain disruptions. Benchmark…