Year: 2022

To better tackle distribution of oil and gas products across the country and tackle shortages, the federal government has drafted a bill to establish Pakistan Petroleum Upstream Regulatory Authority. Once passed, the bill help create a body to regulate oil and gas exploration companies in the all four provinces of the country apart including issuing licenses and registering them. The new authority will create a technical committee with experts from all four of the provinces representing each region. According to the bill, the office will be responsible for providing policy…

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Crude oil is probably the single most important commodity in the world right now, and it has been so, since the last 100 years. The byproducts of this oil are petrol, diesel, jet fuel, Natural Gas, Furnace oil and lubricants etc. There are more than 50 thousand oil wells in the whole world and each one of them has a distinct chemical composition. The oil is gauged based on the weight and the sweetness of the oil. Typically, the lighter and sweeter an oil is, the more gasoline and diesel…

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One of the under-reported factors behind the ongoing diesel shortage is the loss of U.S. refining capacity since the start of the Covid-19 pandemic. Today I will discuss the factors that led to this loss. According to the Energy Information Administration (EIA), at the beginning of the pandemic U.S. refiners had 19.0 million barrels per day (BPD) of operable refining capacity (Source). This was the highest number ever reported by the EIA. By December 2021, that number had fallen to 17.9 million BPD — a loss of 1.1 million BPD…

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