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Pakistan sends vessels to Saudi, UAE ports to secure crude supplies amid regional crisis
ISLAMABAD: Pakistan has sent vessels to ports in Saudi Arabia and the United Arab Emirates to secure crude oil supplies, the Pakistani petroleum minister said late Friday, as tensions in the Middle East continue to threaten global energy flows. Global oil markets have been rattled since the United States and Israeli began pounding Iran last week, prompting retaliatory strikes from Tehran across the region. The conflict has raised fears of disruptions in energy supplies, particularly through the Strait of Hormuz, and pushed petroleum prices.
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Pakistan seeks Saudi oil route via Red Sea port as Hormuz closure threatens supplies
ISLAMABAD: Pakistan has asked Saudi Arabia to help secure crude oil supplies through the Red Sea port of Yanbu as the closure of the Strait of Hormuz threatens the country’s…
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Pakistan lets oil companies regulate supply to curb hoarding amid Gulf tensions
KARACHI: Pakistan’s Oil and Gas Regulatory Authority (OGRA) announced on Wednesday it was allowing oil marketing companies to regulate supply to retail outlets as a temporary move…
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst
ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies…
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Pakistan offers seaport for global cargo transshipment amid Gulf conflict escalation
KARACHI: Pakistan has offered its Karachi seaport for uninterrupted global cargo transshipments as escalating Middle East tensions threaten maritime trade, the country’s largest…
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Pakistan raises fuel prices by Rs55 per liter as Middle East conflict drives oil surge
ISLAMABAD: Pakistan on Friday increased petrol and diesel prices by Rs55 ($0.20) per liter each as escalating conflict in the Middle East sent global oil prices sharply higher and…
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Pakistan sends vessels to Saudi, UAE ports to secure crude supplies amid regional crisis
ISLAMABAD: Pakistan has sent vessels to ports in Saudi Arabia and the United Arab Emirates to secure crude oil supplies, the Pakistani petroleum minister said late Friday, as…
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Punjab warns of action against hoarders as Islamabad seals petrol stations denying fuel
ISLAMABAD: Pakistan’s Punjab province on Saturday warned of action against the ones hoarding petroleum products, while authorities in federal capital of Islamabad sealed seven…
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Pakistan mulls energy conservation measures as oil prices rise, Middle East conflict intensifies
ISLAMABAD: Pakistan’s Sindh government and the federal government discussed energy conservation measures amid a sharp rise in global oil prices on Sunday, the Sindh chief…
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Pakistan says three oil shipments to reach country today amid Middle East crisis
ISLAMABAD: Pakistan’s Petroleum Minister Ali Pervaiz Malik said this week that three oil shipments are expected to reach Pakistan on Monday, state media reported as Islamabad…
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Pakistan commerce body calls for ‘energy emergency’ to shield economy from Middle East conflict
KARACHI: Pakistan’s leading commerce body on Monday urged the government to declare an “energy emergency” to shield the country’s economy from an intensifying conflict between the…
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Pakistan says petroleum stocks at ‘comfortable levels’ despite Middle East crisis
KARACHI: Pakistan has “comfortable levels” of petroleum stocks and the supply chains are functioning smoothly, the finance ministry said on Monday, amid an ongoing Middle East…
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Pakistan Navy launches ‘Operation Muhafiz-ul-Bahr’ to safeguard energy shipments
ISLAMABAD: Pakistan Navy (PN) has launched ‘Operation Muhafiz-ul-Bahr’ to safeguard national energy shipments, the Pakistani military said on Monday, amid disruptions to critical…
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Pakistan navy begins ship escorts due to Gulf tensions
Karachi: Pakistan’s navy has launched an operation to “counter multidimensional threats” to its national shipping and maritime trade, with concerns about fuel supplies due to the…