Oil & Gas

The news of petroleum shortage has been making rounds, with nearly all pumps, barring PSO’s, reportedly out of fuel inventory. The disparity between domestic...

POL sales volume sequentially improved during May’20, up by 39% M/M to 1.48 MN tons, spearheaded by 1.1x M/M increase in FO to 145...

▪ The Kingdom of Saudi Arabia announced on Monday that it will be cutting its oilproduction by another 1 MN BPD for Jun’20, on...

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

▪ 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...

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

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

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