Category: Highlights

PPL records significant boost in hydrocarbon production

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hydrocarbon

Pakistan Petroleum Limited (PPL) has registered a notable increase in hydrocarbon production from its wells located across the country. The exploration and production (E&P) company on Wednesday shared the details of its production enhancement registered during the period between April 2024 and November 2024 via notice to the Pakistan Stock Exchange (PSX). “The company is pleased to announce its contribution towards Pakistan’s energy outlook and reaffirms its unwavering commitment to the country’s energy security by prioritizing the maximization of domestic hydrocarbon production,” read the statement. PPL shared that with many…

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Oil slips after surprise build in U.S. gasoline stocks

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oil price

Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply concerns from a ceasefire deal between Israel and Hezbollah. Brent crude futures fell 12 cents, or 0.2%, to $723.69 a barrel by 10:40 a.m. ET (1540 GMT) and U.S. West Texas Intermediate crude eased 15 cents, or 0.2%, to $68.64. U.S. gasoline stocks rose by 3.3 million barrels in the week to 212.2 million barrels, the Energy Information Administration said, compared with analysts’ expectations in a Reuters poll for a 46,000-barrel draw.?…

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Eid Al Etihad 53: Dubai Unveils Unforgettable Experiences for the Long Weekend

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Eid Al Etihad

Eid Al Etihad 53: Dubai Unveils Unforgettable Experiences for the Long Weekend November 27, 2024 Dubai, UAE – Dubai is gearing up to celebrate Eid Al Etihad 53 with a spectacular array of experiences that promise to make the long weekend unforgettable. From 28 November to 3 December, Dubai will come alive with dazzling fireworks, cultural celebrations, thrilling live entertainment, exclusive offers at leading hotels and attractions, and a feast of local cuisine. Top Experiences to Enjoy in Dubai this Eid Al Etihad For more information, visit the Eid Al…

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Business Seeks Clarity Amid Mixed Messages from COP29 on Climate Goals

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Cop-29

BAKU – The COP29 climate summit in Azerbaijan concluded with agreements on climate finance and carbon market frameworks, but lingering uncertainties leave businesses seeking more concrete details. While the summit pledged $300 billion annually in climate finance by 2035 and advanced rules for carbon offset trading, the outcomes remain insufficient for many developing nations and private sector stakeholders. Key Outcomes and Challenges:Finance Commitments: The $300 billion annual climate finance target prioritizes vulnerable nations but lacks interim milestones. Multilateral development banks pledged $65 billion annually from private investment, yet specifics on…

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Fuel shortage looms over Lahore, Islamabad & Pindicc

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fuel

ISLAMABAD: A potential fuel shortage looms over Lahore, Islamabad, and Rawalpindi as restrictions on city access are hindering the transportation of fuel tankers. Oil Contractors Association said that when contacted with the Oil and Gas Regulatory Authority (OGRA), the authority also expressed concern over the situation, warning that it could lead to disruptions in the supply of petroleum products. Oil transporters said that OGRA is actively working with local authorities to address the issue and ensure a smooth supply of fuel. However, the organisation has urged the public to support…

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