Photo: An LPG cylinder (file image)
Pakistan NewsGovernment unveils LPG policy, directing state firms back into imports and promising subsidised gas for vulnerable households
The federal cabinet has approved a broad-based LPG policy under which four state-owned enterprises will re-enter the import business, with subsidised gas at Rs300-350 per kg planned for consumers eligible under the Benazir Income Support Programme.
Photo: A refinery in Jubail, Saudi Arabia (file image)
Business & FinanceSaudi Aramco profit jumps 34.5% to $36.3 billion in third quarter despite attacks on its facilities
Saudi Aramco reported a 34.5 per cent rise in third-quarter net profit to $36.25 billion on Tuesday, helped by higher oil prices and a gain from selling its stake in a Malaysian refining venture, even as attacks on energy infrastructure continued during the Middle East war. Figures checked on Tuesday afternoon, 3 November 2026 (Pakistan time).
Photo: The Abu Dhabi skyline
Business & FinanceWorld has drained nearly 1 billion barrels from oil stocks since Iran war began, ADNOC chief warns at ADIPEC
Global oil inventories have fallen by nearly 1 billion barrels since the US-Israeli war on Iran disrupted shipping through the Strait of Hormuz, ADNOC chief Sultan Al Jaber said on Monday at the ADIPEC energy conference in Abu Dhabi, warning that the world has eroded its supply buffers.
Photo: File:Port Qasim.jpg
Pakistan NewsUS-backed consortium proposes $4.4bn LNG terminal and 1,100km pipeline for Pakistan at Port Qasim
A consortium of US companies backed by the Trump administration has proposed a $4.4 billion integrated LNG project for Pakistan, starting with a $1.7 billion terminal and storage facility at Port Qasim and followed by a 1,100-kilometre pipeline to carry gas upcountry.
Photo: An LNG tanker at sea
Pakistan NewsPakistan-bound LNG tanker Al Mayeda was hit near Hormuz hours after Iran cleared its passage, Bloomberg reports
Bloomberg, citing people familiar with the matter, reports that Pakistan had secured Iranian approval for the Qatari LNG carrier Al Mayeda's passage through the Strait of Hormuz only hours before the vessel was struck on Friday, raising fresh questions about the safety of Gulf energy shipments.
Photo: An LPG gas cylinder
Pakistan NewsPakistan LPG marketers announce nationwide strike from November 16 over proposed pricing formula, warning of 25-30% price rise
Pakistan’s LPG marketers have announced a complete nationwide strike on LPG sales from November 16 if the government does not accept their demands within 15 days, saying a proposed pricing formula would raise prices by 25 to 30 per cent at a time of severe supply shortages.
Photo: An oil refinery
Business & FinanceOPEC+ formally keeps December oil targets steady at about 31 million barrels a day, leaving the hard 2027 call for 29 November
OPEC+ confirmed on Sunday that its seven core producers will hold December output targets at September levels — Saudi Arabia at 10.478 million barrels a day and Russia at 9.949 million — as war disruption keeps most members pumping below target and Brent crude trades above $117 a barrel.
Photo: An oil refinery complex
NewsDrones strike Lukoil refinery at Kstovo overnight, setting fires, as Russia says more than 100 drones were downed in the region
Ukrainian monitoring channels and Ukrainian media report that drones struck the Lukoil refinery at Kstovo in the Nizhny Novgorod region overnight into 1 November, starting fires, while the regional governor confirmed significant damage to an industrial facility without naming it.
Photo: Oil pumpjacks in an oil field
Business & FinanceOPEC+ agrees in principle to keep December oil output targets steady, sources tell Reuters
Seven core OPEC+ producers have agreed in principle at Sunday's online meeting to leave their December oil output targets unchanged, sources told Reuters, holding policy steady while Gulf exports remain disrupted by the Iran war.
Photo: A cooking gas cylinder
Pakistan NewsLPG gets costlier from today as Ogra raises November price, while open-market rates run far above the official rate
Pakistan's oil and gas regulator has raised the official liquefied petroleum gas price by Rs14.73 a kilogramme for November, taking a standard 11.8-kilogramme household cylinder to Rs3,470, even as LPG sells for far more in the open market amid a supply shortage.
Photo: The Hanoi skyline
NewsVietnam cuts electricity price by 2% and scraps gasoline tax from today to ease costs for households and businesses
Vietnam has cut its average retail electricity price by 2% and removed the special consumption tax on gasoline from 1 November, in a five-month package aimed at supporting economic stability and lowering costs for households and businesses.
Photo: The Ras Laffan LNG terminal in Qatar
Pakistan NewsPakistan faces winter gas crunch as Qatar extends LNG force majeure until end of December
Petroleum Minister Ali Pervaiz Malik has confirmed QatarEnergy's LNG supply suspension will run until 29 December, leaving Pakistan planning 10 cargoes against an estimated winter requirement of 20 as household demand is set to surge.
Photo: Mountains of Gilgit-Baltistan
Pakistan NewsShehbaz orders fast-tracking of Gilgit-Baltistan projects and early completion of 100MW solar scheme ahead of expected 1 November visit
Prime Minister Shehbaz Sharif has directed ministries to accelerate federal development projects in Gilgit-Baltistan, ensure timely funding and finish the 100-megawatt solar project at the earliest, ahead of an expected visit on 1 November.
Photo: An LNG terminal where liquefied natural gas is received and regasified
Pakistan NewsOGRA raises RLNG prices by up to 15.3% for October as higher crude costs feed through
Pakistan’s gas regulator has raised regasified LNG prices by up to 15.3 per cent for October for the two Sui companies, reversing a September cut and pointing to higher power generation costs.
Photo: The Riyadh skyline in Saudi Arabia
Saudi ArabiaSaudi Arabia introduces same-day visa processing for Pakistani citizens as energy ties deepen
Saudi Arabia's embassy in Islamabad has introduced same-day processing of visa applications for Pakistani citizens, announced by Ambassador Dr Rajeh bin Tami Al-Baqami during talks on oil storage, refinery and minerals cooperation.