Pakistan has purchased its seventh spot LNG cargo since Qatar Energy declared force majeure earlier this year, paying a record price of $21.88 per MMBtu as ongoing regional tensions continue to disrupt long-term gas supplies. Read More: Pakistan seeks more Qatar LNG cargoes Pakistan LNG Limited (PLL) received only one bid for its latest spot tender, […]
QatarEnergy
LNG tankers resume Hormuz transits
Liquefied natural gas (LNG) tankers have resumed transits through the Strait of Hormuz despite renewed fighting in the Middle East, according to ship-tracking data. The development suggests a cautious recovery in shipping activity along one of the world’s most critical energy routes. Meanwhile, Japan said 22 Japan-linked vessels have safely exited the Gulf since Tuesday. […]
Vessel attacks disrupt Hormuz oil traffic
At least four oil and gas tankers turned back from the Strait of Hormuz after fresh attacks on commercial vessels heightened security concerns in the strategic waterway. The disruptions have raised fears over global energy supplies and maritime safety. Oil producers, shipping companies, and international markets are closely monitoring the rapidly evolving situation. Ship-tracking data […]
Pakistan forced to rely on expensive spot market imports of LNG
Pakistan has been forced to rely on expensive spot market imports of liquefied natural gas (LNG) after QatarEnergy extended the force majeure imposed following the attack on its Ras Laffan LNG production complex. The extension is expected to increase Pakistan’s energy import costs and place additional pressure on the country’s fuel supply. Read More: Pakistan buys spot […]
Over 50 injured after explosion at Qatar LNG facility
More than 50 people were injured and 18 others remain missing after an explosion at a liquefied natural gas (LNG) facility in Qatar Ras Laffan Industrial City, according to officials. QatarEnergy said the incident occurred during start-up operations at the Barzan gas supply facility on Sunday evening, resulting in an explosion and fire at the […]
Brent crude oil tops $114 as Iran strikes fuel supply fears
Global oil prices surged on Thursday, with Brent crude climbing above $114 per barrel after Iran launched attacks on key Gulf energy infrastructure and warned of further escalation. Oil and natural gas prices soar, Brent crude nears $114 as Iran attacks Gulf energy facilities https://t.co/W4LwkkVX1o pic.twitter.com/aCoUr18uAO — WAVE (@wave3news) March 19, 2026 The price rally […]
Pakistan Stock Exchange falls as oil spike fuels inflation fears
Stocks at the Pakistan Stock Exchange dropped on Thursday as a sharp rise in global oil prices, driven by escalating attacks on Gulf energy infrastructure, triggered investor concerns over inflation and fuel costs. The benchmark KSE-100 traded between a high of 152,698.51 (down 1,593.74 points or 1.03%) and a low of 150,728.17 (down 3,564.08 points […]
Oil prices surge as Iran attacks energy sites
Global oil prices jumped sharply on Thursday after Iran launched attacks on energy facilities across the Middle East, escalating tensions in its conflict with the United States and Israel. Benchmark Brent crude rose as much as $5 per barrel during early trading, later standing at $112.04, up $4.66 or 4.3%. Meanwhile, West Texas Intermediate crude […]
Gulf oil producers lose $15 billion amid Strait of Hormuz disruptions
DUBAI — Gulf oil producers have suffered a staggering $15.1 billion in lost energy revenues since the escalation of US and Israeli strikes on Iran, as millions of barrels of crude oil have been stranded due to the near-shutdown of the Strait of Hormuz, the Financial Times reported. Read More: Iran allows two Indian LPG […]
Pakistan asks Qatar to divert 24 LNG cargoes
ISLAMABAD – Pakistan has asked Qatar to divert 24 of its contracted LNG cargoes to the international market in 2026 due to declining domestic demand and an oversupply of imported gas, The News reported on Saturday. Officials from the Petroleum Division said the proposal would be finalised by the end of October under the Net […]