Pakistan will import six oil cargoes from Oman in March, including petrol and diesel, to enhance local stocks and ensure supply stability amid regional tensions. Talks focus on preferential energy deals and bilateral cooperation.
Barrick Mining slows development of the Reko Diq project in Balochistan for 12 months starting July, citing Middle East conflict and Pakistan security issues, per Financial Times report.
Deputy PM Ishaq Dar chaired a meeting to review petroleum stocks, confirming sufficient supply for April and beyond. The meeting also assessed preparedness amid Middle East tensions.
Pakistan has successfully secured a consistent supply of petroleum products, including petrol and diesel, despite facing significant global price pressures and logistical challenges.
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Pakistan's Power Division reveals savings of over Rs80 billion from renegotiated agreements with wind and solar power producers, reducing tariffs from Rs42 to Rs17 per unit and waiving late payment interest.
Prime Minister Shehbaz Sharif has confirmed that Pakistan maintains sufficient petroleum reserves to meet national demand, addressing public concerns over potential shortages and ensuring stable supply chains.
The President of the Pakistan Democratic Party has emphasized the critical need to prioritize domestic oil and gas resources to enhance energy security and reduce reliance on costly imports, addressing economic and strategic vulnerabilities.
Iran has long planned to restrict tanker traffic in the Strait of Hormuz as a deterrent against U.S. and Israeli military superiority, disrupting global oil flows amid conflict.
HESCO has suspended electricity supply to 14 feeders in Hyderabad on March 15 due to maintenance and load management, affecting multiple areas.
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Port Qasim in Karachi continues routine operations with oil tankers docking to discharge petroleum products, ensuring uninterrupted energy supply for Pakistan.
Rising global energy prices and supply disruptions have intensified demands to accelerate the development of Pakistan's Thar coal reserves to enhance energy security and reduce reliance on costly imports.
The global oil crisis is intensifying beyond initial projections, driven by severe supply shortages, escalating geopolitical conflicts, and rising demand, threatening economic stability worldwide.
Brent crude nears $100 per barrel amid Iran conflict, driving jet fuel to record highs. Airlines worldwide deploy aggressive hedging tactics to mitigate soaring operational costs and currency risks.
The United States has authorized the release of 172 million barrels from its Strategic Petroleum Reserve to stabilize global oil markets amid escalating tensions with Iran. This move aims to prevent supply disruptions and curb price volatility.
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The International Energy Agency (IEA) has announced a major initiative to unlock 400 million barrels of oil in Pakistan, aiming to boost the country's energy security and economic growth through enhanced production and investment.
Shell has invoked force majeure for Qatari LNG deliveries to its clients, citing operational disruptions, according to industry sources. This move impacts global energy supplies amid market volatility.
A government minister highlights the potential of converting waste into energy to address power shortages and environmental issues, emphasizing sustainable solutions for Pakistan's energy needs.
The fuel supply crisis in Pakistan shows signs of easing as tankers have started arriving at Port Qasim, alleviating fears of a severe shortage. Authorities confirm the resumption of imports to stabilize the market and meet domestic demand.
The federal government has called on provinces and local communities to urgently resolve land acquisition issues for the Diamer-Bhasha Dam, a critical hydropower project. Delays in acquiring land are threatening the dam's timeline and economic benefits.
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The government has implemented stricter oversight of the petroleum supply chain, including real-time tracking and enhanced inspections, to prevent shortages and stabilize fuel prices across Pakistan.
Global oil prices plummeted 7% after President Trump predicted the Middle East conflict could end soon, easing supply disruption fears. Brent crude fell to $92.21 while WTI dropped to $88.36 per barrel.
Saudi Aramco CEO warns of catastrophic consequences for global oil markets and economy if Iran war continues to block the Strait of Hormuz, disrupting 20% of world's daily oil shipments.
Oil prices surged over 25% to their highest levels since mid-2022 as major producers cut supplies and shipping disruptions from the US-Israeli war with Iran escalate around the Strait of Hormuz.
Pakistan's petroleum minister confirms three petrol shipments are expected today, boosting fuel reserves and stabilizing the market amid ongoing supply chain challenges.
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The government has firmly rejected proposals for power subsidies, opting instead for tariff rationalization to address the energy sector's financial challenges and reduce circular debt.
An in-depth look at why the goal of energy independence is often misleading, exploring economic, geopolitical, and environmental challenges.
Pakistan's government is taking proactive measures to mitigate potential shocks from global fossil fuel supply disruptions, emphasizing energy conservation and diversification.
Pakistan's government is evaluating a shift from weekly to fortnightly oil price revisions to reduce market volatility and provide more stability for consumers and businesses.
The closure of the Strait of Hormuz has halted Qatar's LNG exports, causing significant disruptions to global energy markets and raising concerns over supply security.
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The International Atomic Energy Agency has granted safety approval for Pakistan's new Chashma-5 nuclear reactor, marking a significant step in the country's energy and nuclear security efforts.
