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Putin says ‘impossible’ to isolate Russia, vows gas and oil supply cuts

Russian President Vladimir Putin said Wednesday it was "impossible" to isolate Moscow and vowed to cut gas and oil deliveries to countries imposing a...

Oil heads for weekly loss as recession fears trump tight supply

Oil rose in volatile trade on Friday but was still heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed...

Oil rises from 3-week low as tight supply concerns linger

Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from...

Saudi Arabia to supply oil worth $3.2bn per year on deferred payments: Hafeez Shaikh

Prime Minister's Advisor on Finance Dr Abdul Hafeez Shaikh here on Wednesday said that Saudi Arabia will supply oil worth $3.2 billion per year to Pakistan on deferred payments for three years.

Oil supply drops as Iran sanctions bite: IEA

Tensions have been mounting in recent days after the mysterious sabotage of several tankers in the Gulf
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