KARACHI: Pakistan’s benchmark stock index, the KSE-100, fell sharply in early trading on Friday, shedding more than 3,100 points and reversing part of the strong gains recorded in the previous session. By 10:20am, the KSE-100 index had declined by 3,129.83 points, or 1.94 per cent, to 158,080.84 points. The drop came after the index had […]
Cnergyico
Pakistan fuel oil exports hit record high
SINGAPORE: Pakistan’s fuel oil exports reached an all-time high this year, driven by rising domestic taxes and a shift of power plants to cleaner energy sources, industry sources said. Analysts expect exports to remain steady or grow further in 2026 as local consumption declines and international demand remains strong. Read More: Pakistan fuel oil exports scale fresh […]
Pakistan fuel oil exports hit record 1.4M tons in 2025
Pakistan’s fuel oil exports reached a record 1.4 million metric tons in 2025, up over 16% from last year. Industry sources say exports are expected to remain steady or rise in 2026. Higher domestic taxes and a shift by power plants to cleaner fuels drove more sales overseas. Most exports, primarily high-sulphur fuel oil (HSFO), […]
Pakistan receives its biggest shipment of low-sulphur marine fuel
Pakistan has received its largest-ever single shipment of very low sulphur fuel oil (VLSFO), marking a major step forward in the country’s ability to supply environmentally compliant marine fuel. The delivery was made jointly by global commodities trader Vitol and Pakistan’s largest oil refiner, Cnergyico, the company said in a statement on Monday. Read More: […]
Pakistan receives first US crude oil shipment, marks energy milestone
Pakistan received its first-ever shipment of US crude oil on Tuesday, marking a historic milestone in the country’s energy and trade sector. The Suezmax-class vessel MT Pegasus, carrying 1 million barrels of West Texas Intermediate (WTI) crude, docked at Cnergyico’s offshore terminal in Balochistan. The shipment strengthens Pakistan’s energy diversification and deepens economic ties with […]
Pakistan to import US oil for first time in historic deal
In a major development, Pakistan’s largest refinery, Cnergyico, has signed a historic deal to import crude oil from the United States for the first time. The company will bring in 1 million barrels of West Texas Intermediate (WTI) light crude from the global energy firm Vitol. According to Vice Chairman Usama Qureshi, the cargo will […]