Oil prices were marginally lower on Thursday after big gains in the previous session amid the stalled peace talks between Iran and the United States, and as both nations maintained restrictions on the flow of trade through the Strait of Hormuz. Brent crude futures fell 15 cents to $101.76 a barrel, after settling above $100 for the first time in more than two weeks on Wednesday. West Texas In
Pakistan LNG Limited, a government subsidiary that procures LNG from the international market, has issued a tender seeking liquefied natural gas (LNG) cargoes. According to the advertisement published by PLL on Thursday, the company is seeking bids from international suppliers for three LNG cargoes of around 140,000 cubic metres. PLL is seeking cargoes on a delivered-ex-ship (DES) basis to P
Oil & Gas Development Company Limited (OGDCL) announced on Thursday that it had successfully revived gas production from Jand-1 well, located in Attock District, Punjab. The listed E&P disclosed the development via a notice to the Pakistan Stock Exchange (PSX) today. “Jand-1 well is currently producing over 21 MMSCFD [million standard cubic feet per day] of gas through a 32/64” choke at well
Unidentified assailants attacked the Darigwan site of National Resources Limited (NRL) in Balochistan on Tuesday evening, prompting a swift response from security forces who have since secured the area and launched a clearance operation. “At approximately 17:45 hours on 22 April 2026, the National Resources Limited Darigwan Area site was attacked by unidentified miscreants,” the company said in
US stock futures rose and the dollar wavered on Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire keeping sentiment buoyed although with the Strait of Hormuz still closed oil held onto its recent gains. Trump’s announcement appeared to be unilateral, and it was not immediately clear whether Iran, or US ally Israel, would agree to extend the ceasefire