oil

Oil rises after US threat of sanctions on Venezuela crude

Economic crisis under Maduro has decimated Venezuela’s oil industry, cutting its crude output to near… Read More

Oil inches up on hopes fiscal stimulus will stem economic slowdown

International Brent crude oil futures were at $61.79 per barrel at 0743 GMT, up 29… Read More

Japanese refiners load first Iran oil cargo since US sanctions

Japanese refiners have loaded Iranian oil onto a tanker, resuming imports after halting purchases because… Read More

Saudi Arabia confirms setting up of $10bn oil refinery in Pakistan

Saudi Arabia wants to make Pakistan’s economic development stable through establishing an oil refinery and… Read More

Board of directors of all oil, gas companies to be reconstituted: Sarwar

Saudi Arabian energy minister will visit Gwadar on Saturday to inspect the land allocated for… Read More

Khyber Pakhtunkhwa has huge reserves of oil, gas: Mushtaq Ghani

ABBOTTABAD: Speaker Khyber Pakhtunkhwa Assembly Mushtaq Ahmad Ghani on Saturday stressed the need for utilization… Read More

Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers

LONDON: All countries that were granted waivers from the United States to continue buying a… Read More

Oil rises to $57 on China-U.S. trade talks, OPEC cuts

LONDON: Oil rose to around $57 a barrel on Friday after China said it would… Read More

Oil producers to have extra meeting if output cuts ‘not enough’: UAE

KUWAIT: If an agreed cut in oil output by 1.2 million barrels per day is… Read More

Oil from dead animals’ bones, fat being sold in Karachi

KARACHI: At least two raids conducted by ARY News' Zimmedar Kaun team along with Sindh… Read More

Exploration of oil, gas to be given preference: petroleum minister

ISLAMABAD: Minister for Petroleum Ghulam Sarwar Khan on Saturday said that exploration of oil and… Read More

India to pay in rupees for oil imports from Iran: source

NEW DELHI: India will import crude oil from Iran using a rupee-based payment mechanism, an… Read More

Saudi Arabia works on convincing Russia to join oil cuts

VIENNA: Saudi Arabia sought to persuade Russia on Wednesday to cut oil production substantially with… Read More

Saudi Arabia pumps record amount of oil as Trump piles on pressure

DHAHRAN: Saudi Arabia raised oil production to an all-time high in November, an industry source… Read More

Oil dips on swelling U.S. stocks, but expected OPEC supply cut stems losses

SINGAPORE: Oil prices dipped on Thursday after U.S. crude inventories increased to their highest level… Read More

Oil prices slip on concerns of looming oversupply, economic downturn

SINGAPORE: Oil prices slipped on Thursday, weighed down by rising supply going into a market… Read More

Indonesia confirms Pakistan trade agreement to protect palm oil exports

JAKARTA: The Indonesian government is geared up to confirm a trade deal with Pakistan in… Read More

Saudi Arabia says oil market could shift to oversupply in fourth quarter

RIYADH: Saudi Arabia said on Thursday the oil market could be shifting towards oversupply in… Read More

Saudi and the US: a friendship based on security and oil

DUBAI: Saudi Arabia has long been a major US ally in the Middle East, thanks… Read More

No new exploration made in oil and gas sector during last five years: minister

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan on Wednesday said that… Read More