Islamabad — Federal Finance Minister Mohammad Aurangzeb has said that Pakistan’s fuel supply position remains satisfactory, even as concerns grow over the impending shortage of liquefied natural gas (LNG). Read More: Govt monitors fuel, explores conservation measures The statement came during a meeting of the Cabinet Committee on Petroleum Products, chaired by the finance minister, where […]
energy security
ASEAN ministers call immediate halt to Middle East war crisis
Foreign and economic ministers of the Association of Southeast Asian Nations (ASEAN) urged an immediate stop to the ongoing Middle East war, warning that surging oil prices and disrupted trade are already affecting Southeast Asia’s economies. The bloc emphasized the importance of regional stability and called on all parties to exercise maximum restraint to prevent […]
Petroleum stocks at comfortable levels amid regional tensions
A high-level committee set up to monitor fuel prices and supply in the wake of escalating tensions in the Middle East was informed on Monday that Pakistan’s petroleum stocks remain at “comfortable levels”. Read More: PM Shehbaz forms 19-member body to stabilize fuel market According to the Ministry of Finance, the committee was constituted a […]
Pakistan treads cautiously on US critical minerals price plan
The United States (US) has unveiled a proposal to establish price floors for critical minerals and create a preferential trading arrangement among participating countries, an initiative that Pakistan is approaching cautiously as it seeks to balance relations with both Washington and Beijing. Read More: Pakistan, US kick off 13th counter-terror drill US Vice President J.D. Vance outlined […]
Kohat strike: Massive oil and gas reserves found
The Oil & Gas Development Company Limited (OGDCL) announced a major oil and gas discovery in Kohat. The new Baragzai X-1 well will produce 3,100 barrels of crude oil and 81,500 million cubic feet of gas daily. Officials say this marks OGDCL’s third significant discovery in the Naspha block within a month. The spokesperson highlighted […]
US aims to control Venezuelan oil sales to influence country’s economy
WASHINGTON: Top US officials said on Wednesday that Washington plans to control Venezuela’s oil sales and revenues indefinitely to stabilise the country’s economy, rebuild its oil sector, and ensure its actions align with US interests. The comments come after US forces abducted Venezuelan President Nicolas Maduro in a raid on Caracas, highlighting oil’s central role […]
New oil, gas find in Kohat signals boost to Pakistan’s energy security
In a major breakthrough for Pakistan’s energy sector, significant oil and gas reserves have been discovered in Kohat district of Khyber Pakhtunkhwa, raising hopes for improved domestic energy production and reduced reliance on costly imports, the local correspondent of APP reported this from Kohat on Sunday. According to initial estimates, the exploratory well is expected […]
India monitors Russian oil for US deal
New Delhi: India has asked its refiners to report weekly data on Russian and U.S. oil imports as part of efforts to strengthen trade negotiations with the United States, sources told Reuters. The government expects Russian crude purchases to drop below 1 million barrels per day (bpd) in the coming months. Following the 2022 Ukraine […]
Japan greenlights restart, 15 years after Fukushima
NIIGATA, JAPAN: Japan has taken the final step to restart the world’s largest nuclear power plant, Kashiwazaki-Kariwa, nearly 15 years after the Fukushima disaster, following a vote of confidence in Niigata Governor Hideyo Hanazumi. The move allows Tokyo Electric Power Co (TEPCO) to resume operations at the plant, marking a major milestone in Japan’s gradual […]
Pakistan, Canada agree to resume Canadian canola exports
ISLAMABAD – Pakistan and Canada have agreed to facilitate the export of Canadian canola to Pakistan, marking a significant step toward expanding bilateral trade and investment, the two countries announced in a joint statement on Monday. PR No.3️⃣2️⃣7️⃣/2️⃣0️⃣2️⃣5️⃣ Pakistan–Canada Joint Statement: Reaffirming strong and enduring ties – 3rd November 2025 ⬇️https://t.co/h9zLGgRH3t pic.twitter.com/biiqrPrOSa — Ministry of […]