Oil & Gas Development Company Limited (OGDC) has signed a contract with Canada’s Synergetic Oil Tools Inc. to deploy advanced Passive Energy Tool technology aimed at enhancing production from Pakistan’s heavy crude oil fields. The contract signing ceremony was held at OGDC Headquarters in Islamabad. Canadian High Commissioner to Pakistan, Ambassador Tarik Ali Khan, attended ceremony as the chie
Cement despatches in the month of July 2026 registered an increase of 6.02 percent as total despatches during it recorded at 4.476 million tons against 4.222 million tons despatched during the same month of last fiscal year. Data released by the All Pakistan Cement Manufacturers Association (APCMA) on Monday shows that the local cement despatches by the industry during the month of Jul-26 were
The Ministry of Energy (Petroleum Division) has announced decrease in the ex-depot prices of petrol and High-Speed Diesel (HSD) for August 4, based on the recommendations from the Oil and Gas Regulatory Authority (Ogra). As per the revised rates, petrol price has been reduced by Rs4.08 per litre from Rs336.03 to Rs331.95. The price of HSD saw a decline of Rs2.45 per litre, moving from Rs392.38
Gold held steady on Tuesday as investors monitored conflicting signals on possible US-Iran talks and looked ahead to a slew of US jobs reports for clues on the Federal Reserve’s interest-rate path. Spot gold was steady at $4,055.39 per ounce, as of 0042 GMT. US gold futures rose 0.6% to $4,055.10. US President Donald Trump said that talks with Iran were under way, warning that it was a
Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the US-Iran war that has disrupted shipments still seems unlikely. Front-month Brent futures rose $0.62, or 0.7%, to $84.39 a barrel as of 0055 GMT after dropping 7% in the previous session to a three-week low. US West Texas Inter