Month: December 2020

The outlook for the upstream industry has rarely looked so uncertain. After two oil price crashes in five years, market and price risks are at their highest in decades. And upstream spend in 2020 is set to be at its lowest in 15 years. The energy transition and the economic fallout from coronavirus will only make capital allocation decisions that much more difficult. So, what does the future hold? Will oil companies simply harvest the remaining value of their existing oil and gas assets and invest that money in new…

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ISLAMABAD: The government on Monday increased prices of High Speed Diesel (HSD) and Liquefied Petroleum Gas (LPG) by 3.94pc and 1.48pc, respectively, with immediate effect. However, by reducing some taxes it kept prices of petrol, kerosene oil and light diesel oil unchanged for the next 15 days, according to an announcement made by the ministry of finance. As such, the ex-depot price of HSD was fixed at Rs105.43 per litre with an increase of Rs4 (3.94pc) from existing Rs101.43 per litre. The HSD is mostly used in heavy transport vehicles,…

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