Energy
China’s Car Sales Drop Amid Falling Gasoline Demand
China experienced a significant decline in car sales in April 2026, with total sales dropping by 21.5% compared to previous figures. This slump has been largely…
Energy
Energy
Oil Tankers Turn Off Transponders to Exit Strait of Hormuz
Three supertankers carrying crude oil from Iraq and the United Arab Emirates successfully navigated the Strait of Hormuz last week by switching off their transponders to…
Energy
Government Restricts Diesel Imports to PSO
In an effort to stabilize Pakistan’s economy and manage fuel imports more effectively, the federal government has placed restrictions on private oil marketing companies (OMCs) from…
Energy
Pakistan Seeks to Restart $6 Billion Refinery Upgrade Plan
Pakistan is making renewed efforts to restart a stalled $6 billion plan aimed at upgrading the country’s oil refineries, according to recent government developments. The initiative,…
Energy
Government Announces Petrol and Diesel Price Hike
The federal government has announced a significant increase in fuel prices, raising petrol by Rs14.92 per litre and high speed diesel (HSD) by Rs15 per litre.…
Energy
Upstream Oil and Gas Deal Value Drops Amid Price Uncertainty
The global upstream oil and gas sector experienced a significant decline in deal value in March 2026, according to industry data from Rystad Energy. Despite a…
Energy
Iraq Denies U.S. Claims of Deputy Minister Aiding Iran Oil Sales
Iraq’s Oil Ministry has firmly denied allegations from the United States accusing its deputy oil minister of facilitating the sale of Iraqi crude oil mixed with…
Energy
Water Scarcity Emerges as Key Risk in Global Energy Sector
Water scarcity is increasingly recognized as a significant risk factor in the global energy industry, impacting various sectors from oil and gas extraction to power generation…
Energy
Global Jet Fuel Exports Fall to 10-Year Seasonal Low in April
Global jet fuel exports experienced a significant decline in April, reaching a seasonal low not seen in the past decade. This drop highlights ongoing changes in…
Energy
Trump Faces Oil Market Challenges Beyond Strait Control
Former US President Donald Trump’s strategic interests in global energy security extend beyond controlling geopolitical chokepoints such as the Strait of Hormuz. Analysts suggest he must…
