Search results
Results from the WOW.Com Content Network
Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.
Mari Petroleum Company Limited (MPCL) (Urdu: مری پیٹرولیم) is a Pakistani petroleum exploration and production company based in Islamabad, Pakistan. The company is controlled by the Fauji Foundation with 40 percent shares. [2] It is operating the country’s second largest gas reservoir at Mari Field, District Ghotki, Sindh.
Pakistan State Oil (PSO) Pakistan State Oil (Urdu: پاکستان ریاستی تیل) is a Pakistani petroleum corporation involved in marketing and distribution of petroleum products. [4] It has a network of 3,689 petroleum filling stations, out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers.
Cnergyico owns and operates Pakistan's largest oil refining complex in terms of design capacity of 156,000 barrels per day. Cnergyico alone accounts for 37% of Pakistan's total oil refining capacity of approximately 420,000 barrels per day. The company's oil refining complex is located near the city of Hub in the Balochistan province.
US crude futures have gained 20% this year and pushed energy stocks to outperform the market as rising geopolitical tensions and lower supply buoy prices.
Oil jumped nearly 2% on Tuesday before paring gains after China announced its biggest stimulus package since the early days of the pandemic, raising prospects of increased demand.
Pakistan Petroleum Limited (PPL) (Urdu: پاکستان پیٹرولیم) is a Pakistani state-owned petroleum company headquartered in Karachi. It operates major oil and gas fields, including the Sui gas field, has non-operating interests in other fields, and has an interest in an exploration portfolio onshore and offshore.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.