Gatik Ship Management is among the most active of the upstart companies that have snapped up aging oil tankers to replace Western-owned ships no longer dealing with Russia, the WSJ said. That parallel fleet is helping Moscow get crude to buyers in Asia, the Journal added.
China's oil and gas use fell in 2022 for the first time in decades due to COVID-19 lockdowns that curbed energy demand, a sign of a weakening economy, writes Clifford Krauss in The New York Times (NYT).
Ishaq Dar made the announcement in a televised address on Sunday. He said that the price of kerosene oil and light diesel oil were increased by PKR 18 per litre.
According to VOA, Iran does not publish statistics about its oil sales, but analysts say Tehran has increased oil exports to more than 1.2 million barrels per day over the past three months.
A prolonged shortage of dollars is wreaking havoc throughout the economy and a nationwide power outage this week underscored the razor-thin margins for error in Pakistan's energy sector.
According to petrol dealers, companies cut down supplies of petroleum products to the province over long delays in the issuance of letters of credit by private banks for imports.
Mumbai (Maharashtra) [India], January 25 (ANI/BusinessWire India): APAR Industries Limited - the largest conductor manufacturer in the world has partnered with Intercell - Virtual Mentor Network for professional mentoring services. Intercell is the World's first SaaS and AI-based platform fo
New Delhi [India], January 23 (ANI/PNN): Unglis.com, a new nail care brand, has debuted in India with the intention of providing comprehensive nail care services to its clientele. On January 7, 2023, the company began selling its first products to the public. Within the first week, it receiv
India, the world's third-biggest oil importer buys over 85 per cent of its oil needs from overseas. Indian refiners are investing billions of dollars to upgrade their plants to meet rising fuel demand in Asia's third-largest economy.
Russia and Pakistan will approve all the details of oil and gas supplies by March 2023, which will be based on mutual interests, according to the joint statement.