A drone view of a pump jack and drilling rig south of Midland, Texas, United States. — Reuters/FileWell produced 2,000 barrels oil, 1.1 mmcfd gas daily: OGDC.Lower Goru Formation confirms hydrocarbon reservoir potential.Discovery opens new exploration window in Sanghar district.
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Oil prices gain as focus shifts to supply recovery and demand
A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. — ReutersMarket focus shifts from conflict to supply.Traders monitor China demand recovery.Strait recovery slower than expected.
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Reko Diq secures over $5.5bn financing commitments from IFIs
The hills near the Reko Diq copper mine in Balochistan. — Reuters/FileOnly most favourable loan terms to be selected from commitments.Reko Diq projected to generate $74bn in free cash flows in 37 years.Officials confident of executing project within original cost of $6.7bn.