Oil falls 5% to three-month low as US, Iran reach peace deal to reopen Strait of Hormuz
Oil prices slumped 5% to a three-month low on Monday amid a broad selloff after the U.S. and Iran said they agreed on terms to end their war and reopen…
Pakistan: Indigenous energy sources overtake thermal power
• Renewables, hydel and nuclear together now account for more than half of installed generation capacity• PPIB has facilitated 102 IPPs, attracting over $35bn in foreign investment Pakistan’s energy sector…
Pakistan: Vessel carrying 73,000 MT of crude oil to arrive at KPT
A vessel, P Aliki, carrying 73,000 metric tons of crude oil, is set to arrive at Karachi Port Trust (KPT) on Thursday. According to the KPT’s shipping intelligence report, the…
China kicks off mega LNG vessel build, cementing high-end shipbuilding edge
Construction has commenced on an ultra-large liquefied natural gas (LNG) carrier with a capacity of 271,000 cubic meters, underscoring China’s growing strength in high-end shipbuilding and global energy logistics. The…
Pakistan: $4.5bn refinery planned in Hub
Pakistan is set to establish its first deep-conversion greenfield refinery project in Hub, Balochistan, involving an investment of $4.5 billion and the creation of around 2,000 jobs. SPEC Refinery Pvt…
New oil & gas discoveries boost Pakistan’s energy reserves in 2025
Pakistan’s hydrocarbon outlook strengthened in 2025 following a series of new oil and gas discoveries, which have helped extend the country’s reserve life and partially offset the impact of ongoing…