The world’s commodity and oil traders are playing a crucial role in securing supplies amid a global energy crisis and disrupted trade flows following Russia’s invasion of Ukraine. Last week, the world’s biggest oil and gas traders met in Singapore for one of their industry’s top conferences. The war in Ukraine has been a double-edged sword for these traders who…
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Saudi Arabia may raise the prices for its crude export grades to Asia next month in response to signs of recovering crude demand in one of its biggest markets and the new batch of fuel export quotas issued by Beijing. Energy consultancy FGE said last week that Chinese refiners had been issued fuel quotas to the tune of 13.25 million…
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Following my previous article on U.S. natural gas production, I engaged in a Twitter discussion on the causes of the natural gas price surge over the past two years.2020. What ensued was a discussion of the influences in the natural gas markets in recent years. Indeed, the comment above is correct that most of the demand increase in U.S. natural gas production…
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Attock Petroleum Limited (PSX: APL) was Incorporated in 1998 an oil marketing company It has a has a strong retail network with over 700 retail outlets nationwide and is engaged in the marketing and distribution of numerous petroleum products including High Speed Diesel, Premier Motor Gasoline, Furnace Oil, Bitumen, Kerosene and Lubricants etc. along with a range of automotive and…
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The Sui Northern Gas Pipeline Limited (SNGPL) on Monday said that it will distribute 100,000 Liquefied Petroleum Gas (LPG) cylinders amid an expected gas shortage in the upcoming winter. The gas distribution company, in a notice to the Pakistan Stock Exchange (PSX), said that in view of potential gas shortfall in the forthcoming winter, the Ministry of Energy (Petroleum Division)…
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During the panel discussion, Former Federal Minister, Population Planning and President Emeritus FPAP, Dr Attiya Inayatullah said the German Watch Report of 2020 ranked Pakistan as the fifth most vulnerable country due to climate change which was also the fifth largest country in terms of population. She suggested that a policy framework was required to recognise multiple factors contributing to…
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The shortfall in collection of petroleum levy against the budgeted target was Rs93 billion in July and August 2022 – with actual collection in July amounting to Rs 15 billion and in August Rs 17 billion against the target of Rs 62.5 billion every month. The federal government has been unable to achieve Rs 125 billion projected target of petroleum…
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K-Electric (KE) management has sought a few weeks’ time for definitive comments on the draft of proposed Arbitration Agreement (AA) with the Federal Government, hinting at some internal changes in the management. According to a communication of Ahmad Irfan Aslam, Head, International Dispute Unit, Attorney General Office with Bilal Azhar Kayani, Coordinator to Prime Minister on Energy and Economy, a…
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In a significant development, Pakistan LNG Limited (PLL), a wholly-owned subsidiary of Government Holdings Private Limited (GHPL), failed to receive a single bid from international suppliers for the purchase of Liquefied Natural Gas (LNG) in a tender that expired on Monday. Back in August, PLL invited bids for 72 LNG cargoes from international suppliers across a period of six years. Suppliers were…
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