OPEC has revised down its forecasts for non-OPEC+ crude supply growth by 100,000 b/d in 2025 and 2026, it said in its monthly oil market report released May 14.

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity…

Middle East crude benchmarks Oman and Murban fell for a third consecutive session on Thursday, while that for Dubai held firm.

Russia’s oil and gas revenue is seen falling by a third in May from a year earlier to 0.52 trillion roubles ($6.48 billion), the lowest level since July 2023 amid weaker oil prices and a stronger rouble, Reuters calculations show.

Experts warn that refining, not just mining, is key to breaking China’s grip on critical minerals

According to the Federal Energy Regulatory Commission’s (FERC) summer outlook, a combination of brutal heat, AI-fueled electricity demand, and an aging fleet of dependable power plants headed for retirement is teeing up a reliability stress test.

First Solar (FSLR) jumped nearly 20% after news that U.S. House GOP lawmakers proposed a budget with softened credit cuts for renewables.

As China's manufacturing ramps up, power demand will rise, likely benefitting coal and gas fired energy

Electricity prices expected to drop slightly, but industry fears persist over grid disruptions, leading to potential return to captive power plants

Kerosene and LDO see significant reductions, following recommendations from OGRA and ministries

Dhaka to introduce e-visa for Pakistan, explores new trade routes to boost bilateral economic relations

Govt increases IFEM on petrol and diesel to clear Rs34 billion loss to oil industry.

Proposal aims to boost competition in the auto industry, with potential tariff reductions in future

Government prioritizing easy access to essential infant nutrition, says Food Security Minister Rana Tanveer Hussain 

Petroleum minister outlines key fiscal terms, development phases, and community benefits from the major mining project

ISLAMABAD – Youm-e-Tashakur is being observed across the country on Friday, to pay tribute to the valiant armed forces and people of Pakistan for historic victory of Marka-e-Haq against India. The day dawned with recitation of Holy Quran and special prayers…

KARACHI – Gold prices in Pakistan recorded further decline, and price of 24-karat gold dropped by Rs6,700 per tola to Rs335,200. Similarly, the price of 10 grams of gold saw a decrease of Rs5,745, closing at Rs287,379. The two-day losing spree follows a significant…

ISLAMABAD – Pakistani rupee witnessed fluctuations in open currency market on Friday, with minor variations observed across major foreign currencies. US Dollar was traded at 282.15 for buying and 283.85 for selling. UK Pound Sterling remained strong, with…

ISLAMABAD – The federal government has announced new petrol prices for second fortnight of May 2025. The Ministry of Finance said the petrol price will remain unchanged at Rs252.63 from May 16 to May 31. However, the price of high speed diesel dropped by…

KARACHI, May 16 (APP):CURRENCY            SELLING          BUYING                                         USD                   283.41           280.37