oil

OPEC oil output sinks to lowest since 2011 after Saudi attacks

OPEC oil output has fallen to an eight-year low in September after attacks on Saudi… Read More

Oil gains more than 1% on Saudi supply doubts

Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia… Read More

Kuwait raises security alert level at oil and commercial ports

The announcement comes after two important oil production facilities in neighboring Saudi Arabia were hit… Read More

Oil prices rise as Saudi supply risks come into focus

Earlier this week Saudi Arabia set out a timeline for a resumption of full operations Read More

Saudi Arabia sees little economic damage from Aramco

Saudi Arabia said on Wednesday a weekend attack on Saudi Aramco had no impact on… Read More

Saudi Arabia’s oil supply fully back online: energy minister

JEDDAH: Saudi Arabia’s oil supply is fully back online after weekend attacks halved output and… Read More

Oil surges after attack on Saudi oil facilities

Countries which are major importers of Saudi crude, such as India, China and Indonesia, will… Read More

Saudi Arabia, Russia call for better compliance with oil cuts

Saudi Arabia and Russia called on Thursday for members of OPEC and its allies to… Read More

OPEC+ to discuss deeper oil cuts on Thursday: Iraq minister

OPEC and its allies will discuss whether there is a need for deeper cuts in… Read More

BP aims to sell more US crude to Asia, boost LNG supplies in early 2020s

Oil major BP plans to sell more U.S. crude to Asia as its shale oil… Read More

Saudi Arabia may raise light crude prices for Asia

The official selling price (OSP) for Arab Light crude in October is expected to rise… Read More

Oil and Gas reserves discovered from Kohat, Khyber Pakhtunkhwa

Massive oil and gas reserves unearthed in Khyber Pakhtunkhwa, giving impetus to Pakistan's growing needs… Read More

Oil rises as U.S.-China trade comments calm markets

U.S. crude CLc1 was up by 30 cents or 0.6% at $53.94 a barrel, having… Read More

Oil spills into U.S.-China trade war, prices slump

China, one of the world’s biggest crude importers, has sharply lowered U.S. shipments from a… Read More

Saudi, Trump ‘jawboning’ suggests $75 top for oil market

The Organization of the Petroleum Exporting Countries and Saudi Arabia do not have an official… Read More

Saudi Arabia to expand pipeline to reduce oil exports via Gulf

Saudi Arabia aims to raise the capacity of its east-west pipeline by 40% in two… Read More

OGDCL discovers new oil, gas reserves in Sanghar

The oil and gas reservoir was discovered in Pandhi area of Sanghar Read More

First vessel of Saudi oil on deferred payments reaches Karachi port

Saudi Arabia had announced last year in October an economic assistance package for Pakistan Read More

OPEC output hits new low on Trump’s sanctions, supply pact

Despite lower supplies, crude oil has fallen from a six-month high above $75 a barrel… Read More

‘An estimated 4 million people would be deprived of access to safe water’

Interruptions to water supplies are common after eight years of near-anarchy since Muammar Gaddafi was… Read More