IEA lowers the 2024 oil demand forecast, widening the gap with OPEC on global demand growth expectations. The International Energy Agency (IEA), which revised its forecast downward on Wednesday, has…
OPEC reports a in crude oil production of 48,000 bpd decrease in April, ahead of the OPEC+ meeting on future production levels. In its latest monthly report, OPEC revealed a…
President Joe Biden’s energy adviser reassured the nation that the United States maintains a robust supply of oil within SPR to address any potential supply concerns. In a recent statement,…
“The Ministry of Interior and the FBR are urged to take immediate and decisive action to rectify this critical issue,” stated the OCAC letter, stressing the urgency of the matter.…
In Pakistan’s eastern Bhakkar district, farmers were left in awe as they witnessed the newly imported oilseed harvesters from China efficiently and briskly carrying out their tasks. In Pakistan’s eastern…
Iran’s stance underscores its readiness to respond to any actions perceived as detrimental to its interests, signaling a firm resolve amid the growing geopolitical tensions in the region. In a…
The production of petroleum products in Pakistan has shown a notable increase of 3.82% during the July-February period of the fiscal year 2023-24. In a recent report released by the…
The Prime Minister instructed officials to accelerate the auction process for dysfunctional power plants owned by Power Generation Companies (Gencos). In a bid to revolutionize Pakistan’s energy sector and curtail…
The sharp decrease in crude oil output can be attributed to severe weather conditions, particularly freezing temperatures, which swept across the nation in January. In a recent report released by…
CEO of Saudi Aramco’s remarks underscored the complex interplay between evolving energy demands, geopolitical tensions, and environmental imperatives. Amin H Nasser, the President and CEO of Saudi Aramco, delivered a…
Global oil prices have held steady within the range of $75 to $85 per barrel, providing a lucrative backdrop for industry players without impeding global economic growth. One of the…
The Paris-based agency revealed a 110,000 barrels per day (bpd) increase in its forecast for global oil demand compared to previous estimates. The International Energy Agency (IEA) has announced a…