Tag Archives: oil

  Oil price in the international market has slumped from around $100 per barrel to below $45 in the past one year. But in Pakistan, the governments generally do not provide the genuine relief to the masses after only reducing fuel prices marginally in the domestic market. A common man will only become the beneficiary of falling oil prices in the global market if the government and the oil and …

  The tough-guy image of Putin has spelled much misery to Russian commoners than any good to the country. The US and the West have never been comfortable with this man; his actions have always been under a powerful scanner. He gave his foes a chance to be mean with his Ukrainian offensive. The sanctions came as an automated response sending the Russian economy and people into a state of …

  Almost 40 percent of the world oil supply and price is controlled by the largest cartel in the world i.e. OPEC (Organization of the Petroleum Exporting Countries). Being an export commodity, GDP of exporting nations is defined through the price of oil, subsequently budgets and expeditions are finalized. It is in vested interest of OPEC nations to keep oil prices high. There have been numerous instances where OPEC has …

  A Gulf Times news article opens with the following lines; ‘Sharp decline in global energy prices appear to have taken a heavy toll on Qatar, whose trade surplus shrank considerably in January this year as exports plummeted amid rising imports, according to official figures. The trade surplus of energy-major Qatar, which is fast powering its non-hydrocarbon segments as part of diversification, plummeted 48.3% year-on-year to QR18.54bn on substantially lower …

  The Province of Khyber Pakhtunkhwa is rich in Oil and Gas reserves and huge deposits of oil &gas have been discovered in southern belt of the Province, including district Kohat and Karak. Khyber Pakhtunkhwa has opened new avenues of economic development in the province through the exploration of its indigenous oil and gas reserves. Due to the enabling environment created by the Government of Khyber Pakhtunkhwa through KPOGCL, a …

  Over 60 percent of export earnings go on oil imports Economy always threatened by ever-rising circular debt Whatever the economic status of Pakistan may be the fact remains that the economy is heavily suffered because of centuries old power generation mechanism based on oil-fired system impairing its export benefits as more than 60 percent of export receipt had to spend on import of oil leaving a little for socio-economic …

  Pakistan is a country which imports oil and with a decrease in the prices of oil internationally, the import bill is likely to be affected in a positive manner. During the fiscal year 2014, out of an import bill of US$41.7 billion, 35.3% or US$14.8 billion was used for oil and related products. Thus with a decrease in the prices of crude oil, the impact is likely to be …

  Forecast – Slumping remittances will rebound from the Gulf to the developing world when oil markets stabilize and Gulf diversification plans pan out. – As part of their nationalization initiatives, Gulf States will edge out some highly skilled expatriates in favor of citizens. – Since the burden of taxation will fall on expatriates, Gulf States will have to rely on public relations to maintain migrant flows. Analysis The recent …

  Oil prices are always debatable and remain an important variable in determining the economic activity of any country. Over the past few months, the price of oil has declined by greater than 30 percent and is hovering almost the $55 to 60 mark for a barrel. More significant breakthrough recorded in the oil industry which after two years ago, global oil prices crashed after the world started pumping out …

  Interview with Mr Amir ul Ebad Khan – CEO, Raas Systems Inc   Profile Professional Profile – Over twenty years of engineering experience in Energy & Environment Management – Responsible for implementing and monitoring strategies to improve Energy Mix and Energy Management within Environment & Cost Constrains – Successfully completed projects for Alternate Energy, Stand-alone units as well as Tie-Grid projects – In-depth knowledge of Energy Audit & Management …