oil

Oil prices rise amid Saudi tensions, but demand outlook drags

BEIJING: Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a… Read More

Azerbaijan proposed open oil credit facility worth $100 Mn to Pakistan

ISLAMABAD: Pakistan is offered by Azerbaijan to attain an open credit line worth $100 million for… Read More

India hopes for US sanctions waiver after cutting Iran oil imports: officials

NEW DELHI: India hopes to secure a waiver from US sanctions on Iran before they… Read More

Saudi Arabia, Russia agreed in September to lift oil output, told US

MOSCOW/DUBAI: Russia and Saudi Arabia struck a private deal in September to raise oil output… Read More

Saudi Arabia to provide oil on deferred payments: petroleum minister

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan confirmed that Pakistan’s intends… Read More

US-China trade war poses oil demand shock in 2019

SINGAPORE: US sanctions on Iran will tighten global oil supplies sharply until the end of… Read More

Trump says OPEC ‘monopoly’ must get prices down

U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices as… Read More

India may look to lock in oil futures to stem rupee slide: source

NEW DELHI/MUMBAI: India’s government is planning to ask state oil firms to lock in their… Read More

Oil prices ease as trade row clouds demand outlook

BEIJING: Global oil prices eased in early Asian trading on Monday on concerns that the… Read More

Iran says OPEC has ‘not much credit’ left

Oil cartel OPEC has "not much credit" left as some members are turning it into… Read More

Oil prices climb as Iran sanctions loom

SINGAPORE: Oil prices rose on Tuesday amid looming US sanctions against Iran’s petroleum industry, despite… Read More

Oil deposits discovered in Punjab

KARACHI: Pakistan Petroleum Limited (PPL) has announced discovery of fresh oil deposits in exploratory well in… Read More

Qatar calls for increased investment in oil and gas markets

BERLIN: Qatar’s energy minister on Thursday called for oil-producing countries to boost investment in the… Read More

Saudi wealth fund bets big to remake oil-based economy

RIYADH: With the stock market listing of its national oil company stalled, Saudi Arabia is… Read More

Oil slips as trade war worries outweigh Iran sanctions

NEW YORK: Oil prices slipped on Friday, pressured by renewed concerns that a global trade… Read More

Now you see it, now you don’t: oil surplus vanishes ahead of Iran deadline

LONDON: An overhang of homeless crude in the Atlantic Basin has halved in recent weeks,… Read More

The Saudi king spoke, and a $2 trillion dream went up in smoke

LONDON: The king spoke, and a $2 trillion (£1.55 trillion) dream went up in smoke.… Read More

China defies US pressure as EU parts ways with Iranian oil

BEIJING/SINGAPORE: China, seeking to skirt US sanctions, will use oil tankers from Iran for its… Read More

Saudi cuts oil output as OPEC points to 2019 surplus

LONDON: OPEC on Monday forecast lower demand for its crude next year as rivals pump… Read More

Oil rises as US sanctions on Iran stoke supply worries

NEW YORK: Oil prices rose about 1 percent on Tuesday after U.S. sanctions on Iranian… Read More