Tag: Oil

Trump’s claim to Syrian oil raises many questions

WASHINGTON: By claiming a right to Syria’s oil, President Donald Trump has added more complexity — as well as additional U.S. forces and time...

Flags of inconvenience: noose tightens around Iranian shipping

LONDON/DUBAI/PANAMA CITY: Somewhere on its journey from the waters off Iran, around Africa’s southern tip and into the Mediterranean, the Grace 1 oil tanker...

Oil jumps on Riyadh-Moscow output deal, as OPEC gathers

VIENNA: Oil prices jumped Monday after OPEC kingpin Saudi Arabia and non-member Russia agreed to keep daily oil output caps, but Iran warned the move...

Tehran has no plans to leave Opec: Iranian oil minister

Iran has no plans to leave the Organisation of the Petroleum Exporting Countries (Opec), Oil Minister Bijan Zanganeh said in an interview published by...

US allows eight ‘jurisdictions’ to keep buying Iran oil for now

WASHINGTON: The United States said on Friday it will temporarily allow eight jurisdictions to keep importing Iranian oil when U.S. sanctions come back into...

SHC seeks details of funds and taxes of oil, gas companies

KARACHI: The Sindh High Court (SHC) on Thursday expressed annoyance on gas and oil firms for not carrying out proper welfare development programmes in local...

Pakistan reaches out to Saudis for bailout

--Likely to get $2bn petroleum assistance from KSA --Saudi delegation may also invest in Balochistan's Reko Diq gold and copper mines ISLAMABAD: After a formal request, Pakistan...

Saudi king said will boost oil output if needed, says White...

WASHINGTON: The leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed and the country has 2 million...

Oil, gas companies responsible for welfare projects, NA told

ISLAMABAD: Minister for Parliamentary Affairs Shaikh Aftab Ahmed has said that oil and gas companies are responsible for carrying out welfare projects in the...

PFA seals 3 popular snack factories, discards thousands of low-quality snacks

LAHORE: The Punjab Food Authority (PFA) on Friday sealed three famous snack factories for using expired and rancid oil in the preparation of nimko and...

Philippines, China to work out how to tap gas

MANILA: The Philippines and China have agreed to set up a special panel to work out how they can jointly explore oil and gas...

Mexico presidential favourite repeats call to review oil contracts if elected

MEXICO CITY: The leading candidate for Mexico’s presidential election, Andres Manuel Lopez Obrador reiterated on Thursday his pledge to review oil contracts if elected,...

40,000 litres petrol spill after overturning oil tanker in Hyderabad

HYDERABAD: At least 40,000 litres petrol spilled on the Super Highway near Nooriabad Chowki No-7 Hyderabad on Friday when an oil tanker turned turtle. Eye-witnesses...

Oil slick off China coast trebles in size

BEIJING: The spill from a sunken Iranian tanker off China´s east coast has more than trebled in size, just over a week after the...

Chinese authorities spot four oil slicks from sunken tanker

BEIJING: The spill from a sunken Iranian tanker off China's east coast has spawned four oil slicks as authorities prepared to send robots to...

East China Sea: Iranian oil tanker wreck produces two slicks

BEIJING: An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42...

Iranian oil tanker sinks after burning since Jan 6 accident

BEIJING: An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China...