oil

Economic pessimism at its highest in world’s top economies

Barely two in five people believe their families will be better off in the future,… Read More

Iran oil exports hit new highs in 2022 despite sanctions

Iranian oil exports hit new highs in the last two months of 2022 and are… Read More

Oil dips, but hovers near 2023 highs on China demand optimism

Oil prices dipped in early Asian trade on Monday, but held close to the highest… Read More

Oil gains 3% on global economic optimism

on Russian crude output outweighed a massive surprise build in U.S. crude stocks. Brent futures… Read More

Oil slips as US crude, fuel inventories reignite demand concerns

Oil prices fell on Wednesday, erasing the previous session's gains, after industry data showed an… Read More

Oil steady as clarity on Fed rate hike awaited

Oil prices were little changed on Tuesday, giving up some of the gains from the… Read More

Saudi Arabia cuts Feb Arab Light crude price for Asia

Top crude exporter Saudi Arabia lowered prices for the flagship Arab light crude it sells… Read More

Oil falls again after last session’s tumble as economic worries grow

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns… Read More

Saudi non-oil private sector activity eases in December

Growth in Saudi Arabia's non-oil business activity slowed to a three-month low in December, a… Read More

Oil set to close higher in 2022, a turbulent year marked by tight supplies

Oil prices edged up on Friday and were on track to post a second straight… Read More

‘Progress’ in talks with Russia on procurement of oil, gas: sources

ISLAMABAD: Pakistan and Russia have made ‘significant progress’ in talks for procurement of oil and… Read More

Oil dips as China COVID spike dampens demand outlook

Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a… Read More

Oil prices inch higher on China demand optimism

Oil prices edged higher on Wednesday on hopes of a recovery in fuel demand as… Read More

Oil hits 3-week high as China eases COVID curbs

Oil hit a three-week high on Tuesday as China's latest easing of COVID-19 restrictions spurred… Read More

Russia says it may cut oil output up to 7% over price cap Russia, oil,

Russia may cut oil output by 5%-7% in early 2023, as it responds to price… Read More

Europe’s biggest oil field hikes production

Europe's biggest oil field in production will sharply increase its output, providing the equivalent of… Read More

‘Pakistan will not face US sanctions on procuring oil from Russia’

ISLAMABAD: State Minister for Petroleum Musadik Malik has asserted that Pakistan will not face any… Read More

Oil prices fall on higher US dollar, economic fears

Oil prices fell in a volatile market on Tuesday, as a stronger US dollar and… Read More

OPEC+ seen heading for oil policy rollover

OPEC+ is likely to stick to its current oil output target when it meets on… Read More

SBP rebuffs rumours about restriction on LCs for import of oil, LNG

KARACHI: The State Bank of Pakistan (SBP) has rejected the rumours about the restrictions imposed… Read More