Monday, January 19 2026

New security posts ordered for OGDCL plant
The district administration Karak has decided to establish two new security check posts at the OGDCL Oil and Gas Plant in Nashpa to strengthen protection of the strategic facility. The decision was taken at a high-level meeting chaired by the Additional Deputy Commissioner (G) Karak, Sahibzada Samiullah, which reviewed administrative, security and technical matters related to the Nashpa plant. The meeting was attended by the OGDCL regional coordinator, field manager and security incharge of the Nashpa Plant, Sub-Divisional Police Officer Banda Daud Shah, tehsildars of Karak and Banda Daud Shah, field revenue staff, OGDCL Kohat representatives and local elders.
Related news categories: business economic-indicators oilgas-exploration oilgas-marketing psx stock-exchanges
Related symbols: ogdc (news stock)

Thursday, January 15 2026

Oil prices sink more than 2% as Trump remarks calm concern about Iran
Oil prices slid more than 2% in early Asian trade on Thursday after US President Donald Trump said killings in Iran’s crackdown on nationwide protests were stopping, tempering concern over military action against Iran and supply disruption. Brent futures were down $1.67, or 2.5%, at $64.85 a barrel at 0109 GMT, while US West Texas Intermediate crude slipped $1.54, or 2.5%, to $60.48 a barrel. Both benchmarks settled more than 1% higher on Wednesday but gave back most gains after Trump’s remarks reduced fear of a potential US attack on Iran. Trump on Wednesday afternoon said he had been told that killings of anti-government protesters in Iran were subsiding and he believed there was no plan for large-scale executions.
Related news categories: business misc oilgas-exploration oilgas-marketing

Wednesday, January 14 2026

Oil prices pause gains as Venezuela shipments resume but Iran concerns loom
Oil prices paused their run of gains on Wednesday, slipping ​after four days of increases, as Venezuela resumed exports, but fears of Iranian supply disruptions following ‌deadly civil unrest in the major Middle Eastern producer loom over the market. Brent futures were trading 9 cents down, or 0.14% lower, at $65.38 a barrel at 0207 GMT. U.S. West Texas Intermediate crude was down 12 cents, or 0.20%, at $61.03 a barrel. Brent futures closed 2.5% higher on Tuesday while WTI gained 2.8% amid a 9.2% surge in prices for both ‌contracts over the past four trading sessions as the mounting protests in Iran have increased ​fears of supply disruptions from the fourth-largest OPEC producer. U.S. President Donald Trump on Tuesday urged Iranians to keep protesting and said help was on the way without specifying what aid would be provided.
Related news categories: business misc oilgas-exploration oilgas-marketing

Tuesday, January 13 2026

Oil extends climb on Iran supply disruption concerns
Oil prices extended gains on Tuesday as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela. Brent futures rose 22 cents, or 0.3%, to $64.09 a barrel by 0430 GMT, hovering near a two-month high struck in the previous session. US West Texas Intermediate crude climbed 23 cents, or 0.4%, to $59.73. “The price increase comes amid intensifying protests in Iran, raising the possibility of some form of intervention by the US,” ING commodities strategists said on Tuesday. Iran, one of the biggest producers of the Organization of the Petroleum Exporting Countries, is facing its biggest anti-government demonstrations in years, drawing a warning from US President Donald Trump of possible military action over lethal violence against protesters.
Related news categories: business misc oilgas-exploration oilgas-marketing

Monday, January 12 2026

Oil steady, investors weigh Venezuela export resumption versus potential Iran supply disruption
Oil prices were little changed on Monday as investors eyed potential supply disruptions from OPEC producer Iran amid intensifying protests, although efforts to quickly resume oil exports from Venezuela kept a lid on prices. Brent crude futures slipped 5 cents to $63.29 a barrel by 0131 GMT while U.S. West Texas Intermediate crude was at $59.06 a barrel, down 6 cents. Both contracts rose more than 3% last week to clinch their biggest weekly rise since October as Iran’s clerical establishment intensified its crackdown on the biggest demonstrations since 2022. While a premium has formed in oil prices in recent days, the market is still underestimating the geopolitical risk from a wider Iran conflict that may impact oil shipments at the Strait of Hormuz, Saul Kavonic, head of energy research at MST Marquee.
Related news categories: business misc oilgas-exploration oilgas-marketing