Oil & Gas – KASB Economics Blog

June 18, 2020June 18, 2020

US Oil Producers screaming : OPEC+ Russia happy?

Latest US production dropped from 13.1m to 10.5m in 12 weeks. The 2.6mn (~20%) drop is significant & in line with a 23% cut announced by the OPEC+. Exceptionally, Saudi...

by Asif Arsalan Haider Soomro

Pakistan OMCs – Inventory losses looming amid disparity between oil prices

by Muhammad Yousuf

OMC Sales increase by 39% M/M as lockdown eases

by Hassan Ali Miabhoy

Crude Oil Outlook: Saudi Arabia cuts Jun’20 production outlook

by Hassan Ali Miabhoy

Oil & Gas Sector

OMCs to experience another wave of heavy inventory losses

Regulated POL products’ prices were lowered for the second time in the last two months, raising concerns of possible inventory losses for Oil Marketing...

by Hassan Ali Miabhoy May 11, 2020May 11, 2020

Oil & Gas

Energy is getting cheaper. Covid has shifted the business dynamics.

Fall in the oil prices is win for some, loss for many. Energy importing nations are eager to get back to close to normal...

by Asif Arsalan Haider Soomro May 6, 2020May 7, 2020

Oil & Gas Sector

OMC offtake improves during Apr’20; HSD shows promise

▪ Data from the Oil Companies Advisory Council (OCAC) showed that Oil MarketingCompanies collectively sold 1.07 MN tons of oil during Apr’20, higher by...

by Hassan Ali Miabhoy May 6, 2020May 7, 2020

Oil & Gas Sector

April’s Petrol & Diesel sales decline 35% & 16% YoY , respectively.

Not a bad start given the entire country was locked down. However, partial resumption of essential & export industries kept the sales ticking. What’s...

by Asif Arsalan Haider Soomro May 5, 2020May 7, 2020

Oil & Gas Sector

Pakistan State Oil (PSO): inventory losses turns profitability negative

▪ Pakistan State Oil (PSO) reported its 3QFY20 earnings earlier today, where the company announced a loss of PKR 3,426Mn for the quarter (LPS:...

by Hassan Ali Miabhoy April 29, 2020

Oil & Gas Sector

Pakistan State Oil (PSO): 3QFY20 to see exchange and inventory losses

▪ Pakistan State Oil (PSO) is scheduled to report its 3QFY20 earnings on Wednesday, April 29, 2020. We expect the company to report Loss...

by Hassan Ali Miabhoy April 28, 2020April 28, 2020

Oil & Gas Sector

MARI 3Q earnings come in at PKR 63.54/sh, beat expectations

▪ Mari Petroleum Limited (MARI) reported its 3QFY20 earnings earlier today, where Profit after Tax (PAT) came in at PKR 8,477 MN (EPS: PKR...

by Hassan Ali Miabhoy April 28, 2020April 28, 2020

Oil & Gas Sector

HUBC – 3Q FY20 Result Review

The Hub Power Company (HUBC) announced its financial results earlier today, posting earnings of PKR 18,900mn (EPS: PKR 14.07) during 9MFY20, up by 110%...

by Muhammad Yousuf April 28, 2020April 28, 2020