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Crude oil, LNG deal: Talks between Pakistani, Russian delegation begin

ISLAMABAD: Talks between Pakistan and Russian officials have begun in Islamabad for crude oil and Liquified Natural Gas (LNG) deal, ARY News reported, citing...

Asian markets, crude drop on China unrest concerns

HONG KONG: Stocks and oil prices sank Monday on concerns about protests across China calling for political freedoms and an end to the government's...

Russian crude oil too cheap for Saudi Arabia to resist?

Saudi Arabia imported double the amount of Russian crude during the second quarter of 2022, seeking to free up more local crude for export...

OPEC sees global oil demand growth slowing in 2023

World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation...
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Explainer: Who Controls Petroleum Prices?

Across the globe, oil remains a key component of the energy mix. In countries where crude oil is found in large quantities, they sell...

HDIP report debunks Islamabad ‘crude oil’ discovery claim

ISLAMABAD: The Hydrocarbon Development Institute of Pakistan (HDIP) has debunked the claims of the discovery of crude oil in an Islamabad neighbourhood. The HDIP took...

Oil futures slide as pandemic darkens demand outlook

Asian shares also slipped on Monday despite the all-out efforts of the central banks to bolster the markets with rate cuts and asset-buying campaigns.

Saudi Arabia raises light crude prices to Asia to six-year high

Saudi Aramco raised the January official selling price (OSP) for its Arab Light crude oil for Asian customers by 30 cents a barrel versus December to a premium of $3.70 per barrel to the Oman/Dubai average

Growth in global oil demand to slow from 2025: IEA

Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases

KP produces 45,000 barrel oil per day: adviser to CM

Adviser to the Khyber Pakhtunkhwa chief minister on energy and power Hamayatullah Khan on Wednesday said that the province was producing 45,000 barrel of crude oil per day.

Iran to keep exporting crude oil despite US pressure: President Rouhani

"In future months, the Americans themselves will see that we will continue our oil exports," Rouhani said.

Saudi Arabia to cut crude oil exports in April: Saudi official

Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day (bpd)

US oil boom delivers surprise for traders — and it’s costly

LONDON/NEW YORK: The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of US light crude to...

Oil prices rise as looming Norway strike adds to disruptions

TOKYO: Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers...

Saudi Arabia says $60 oil ‘not unthinkable’ by year-end

ISTANBUL: Saudi Arabia said on Monday it was "not unthinkable" that the price of crude oil could surge to $60 a barrel by the...

Reduction in petroleum prices opposed by Finance and Petroleum ministries

ISLAMABAD: The ministries of Finance and Petroleum opposed a recommendation to reduce the price of petroleum products by as much as Rs. 5.45.

Islamic State targeted with 14 air strikes in Iraq and Syria – U.S.

WASHINGTON: The U.S.-led coalition fighting Islamic State conducted 11 air strikes in Iraq and three in Syria on Monday, according to the task force organizing the operation.

Oil prices mixed after King Abdullah's death

NEW YORK: Oil prices traded narrowly mixed Friday after the death of the king of Saudi Arabia, OPEC's largest oil producer, and on concerns about unrest in Yemen.

NEPRA slashes power tariffs by Rs. 2.97 per unit

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has slashed power tariffs by Rs. 2.97 per unit, ARY News reports on Friday.

Oil prices down after Saudi Arabia slashes crude price

SINGAPORE: Oil fell in Asian trade on Friday after major producer Saudi Arabia slashed the price of the crude it sells to Asia and the United States, analysts said.
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