OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ sources said, to ensure that the group sets output quotas that are more closely aligned with each country’s real capacity. This follows an agreement reached on Sunday which marks progress in resolving what has been a thorny issue for OPEC+ for years, and is expected to boost t
Oil prices fell for a second day on Wednesday as investors waited to see if peace talks in the Russia-Ukraine war could open up more supply amid wider concerns about a surplus, highlighted by rising inventories. Brent crude futures were down 13 cents, or 0.21%, at $62.32 a barrel at 0221 GMT, after falling 1.1% in the previous session. U.S. West Texas Intermediate crude lost 12 cents, or 0.20%,
Marking a new chapter in Pakistan–Türkiye energy collaboration, Pakistan Petroleum Limited (PPL), a major energy company in the country, has finalised the Assignment Agreement for Eastern Offshore Indus Block C. PPL disclosed the development in its filing to the Pakistan Stock Exchange (PSX) on Wednesday. “PPL is pleased to announce the execution of the Assignment Agreement for Eastern Offsh
Pakistan's stock market is expected to extend its record-breaking rally into next year, with analysts at Taurus Securities projecting that the KSE-100 index may surpass 200,000 points by December 2026, supported by strong corporate earnings, improved investor confidence, and continued policy anchoring under the IMF programme. The bullish forecast builds on the index's performance in 2025, as th
By this time, many articles and commentaries have been published on the IMF report "Pakistan Governance and Corruption Diagnostic Assessment". As already well understood before this report was issued, we do have systemic corruption and governance weaknesses that suppress investment, distort markets, undermine revenue collection, and perpetuate economic fragility. We have been advocating that st