oil

Saudi Arabia resumes oil exports through key waterway

RIYADH: Saudi Arabia said Saturday that it was resuming oil shipments through the Bab al-Mandab… Read More

Oil rises as fears of oversupply ebb

NEW YORK: Oil prices rose on Tuesday as the market shifted focus to the possibility… Read More

Oil prices fall but market wary over supply outages

LONDON: Oil prices fell sharply on Monday as concerns about supply disruptions eased and Libyan… Read More

NAB arrests 5 people in Rs63 billion oil scam

KARACHI: The National Accountability Bureau (NAB) has taken into custody five suspects allegedly behind a… Read More

US asks UN to cut off oil products to North Korea

US asked the UN Security Council to order an immediate halt to all deliveries of… Read More

India cuts Iranian oil imports in June ahead of US sanctions

Indian refiners cut imports of Iranian oil last month to avoid sanctions by the United… Read More

Iran vows to sell as much oil as it can despite US sanctions

LONDON: Iranian vice president Eshaq Jahangiri acknowledged on Tuesday that US sanctions would hurt the… Read More

‘US has not thought about consequences of Iran oil ban’

LONDON: President Hassan Rouhani pledged on Wednesday that Iran will stand firm against US threats… Read More

US plan to end Iran oil exports ‘a fantasy’: Rouhani

BERN: A plan by the United States to cut Iran's oil production to zero is… Read More

Saudi Arabia says ready to pump more oil to balance market

RIYADH: Saudi Arabia, the world's top crude exporter, said on Tuesday it was prepared to… Read More

Trump says Saudi king agreed to raise oil production up to 2 million barrels

Donald Trump said in a tweet that Saudi Arabia’s King Salman had agreed to his… Read More

Oil jumps as market anticipates US sanctions on Iran

Oil prices increased on Friday as U.S. sanctions against Iran threatened to remove a substantial… Read More

India preparing for cut in oil imports from Iran: sources

India’s oil ministry has asked refiners to prepare for a ‘drastic reduction or zero’ imports… Read More

Saudi pledges ‘measurable’ oil supply boost as OPEC, Russia agree deal

OPEC agreed with Russia and other oil-producing allies to raise output from July, with Saudi… Read More

Oil up almost 3 percent as OPEC agrees to raise output

Oil prices rose almost 3 percent as OPEC agreed a modest increase in output. Read More

Russia, Saudi Arabia push for big hike in oil output despite Iran opposition

VIENNA/MOSCOW: Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output… Read More

India says has Saudi assurances on oil supply

NEW DELHI: India, the world’s third largest oil consumer, said on Thursday it had received… Read More

Iran says US exit from deal will not impact its oil

ANKARA: Iranian Oil Minister Bijan Zanganeh said on Thursday that US President Donald Trump’s decision… Read More

Oil prices down in Asia as focus turns to Trump, equities rise

HONG KONG: Oil prices slipped in Asia on Tuesday morning from three-and-a-half-year highs as investors… Read More

Saudis see oil price on rise as Trump blasts OPEC

Saudi Energy Minister Khaled al-Faleh said the global market has the capacity to absorb higher… Read More