Addressing the Complexities of Deregulating Pakistan’s Petroleum Sector on April 25, 2024In recent times, the proposition to deregulate petroleum prices in Pakistan has sparked significant debate. The Oil and Gas Regulatory Authority (OGRA) has put forward this proposal, citing examples from other nations where deregulation has ostensibly led to more competitive markets. However, major stakeholders including refineries, the Oil Marketing Association of Pakistan (OMAP), and the […]
Will We Ever Run Out of Oil? on August 30, 2022Without any doubt, crude oil is one of the most important resources we have ever discovered. Oil and the many products made from it have, literally, and figuratively, transformed the world beyond all recognition. However, as we are constantly reminded, crude oil is not in infinite supply. After all, it took millions of years to […]
Russia-Ukraine Crisis and Global Economy on March 22, 2022While we often hear about mobilising alternative sources of crude oil, natural gas, and wheat to offset the grave impact of the crisis, there is less discussion on other strategic commodities. Threatening the fragile post-pandemic recovery of the global economy, the Russia-Ukraine crisis pushed Brent crude oil prices on upward trends. In addition to this, […]