Tag: Oil

Crude markets fell in Asia Wednesday as fading hopes for additional stimulus measures from the US Federal Reserve and European Central Bank (ECB) led...

Oil prices were mixed in Asian trade Monday as investors await further measures by policymakers to boost the ailing eurozone and US economy, analysts...

A pledge by European Central Bank president Mario Draghi to "do whatever it takes to preserve the euro" supported the single currency as well...

Oil fell in Asian trade Monday as Spain's debt woes pressure financial markets, including commodities, analysts said. New York's main contract, light sweet crude for...

Brent and U.S. crude futures posted weekly gains of more than 4 percent, both contracts having touched eight-week peaks on Thursday. U.S. and European...

India’s home ministry has refused to allow three Iranian banks to open branches on Indian soil because of concerns about money-laundering and terror financing,...

Oil headed up in Asian trade Thursday, tracking gains on Wall Street as well as Asian bourses and buoyed by a dip in US...

Nineteen NATO supply containers crossed the Chaman border into Afghanistan on Tuesday after clearance by Customs officials, but tens of Afghanistan-bound oil tankers due...

The oil tankers bound to supply oil to the NATO forces deployed in Afghanistan could not leave from Karachi on Tuesday. According to sources, the...

Pakistan’s reliance on crude oil has become conspicuous as oil import bill has reached to $ 13 billion which is a huge burden on...

Abu Dhabi has shipped fuel to a refinery in Pakistan, marking the official inauguration of the pipeline that bypasses the Strait of Hormuz, Bloomberg...

Iraq initialled a gas exploration deal with Pakistan Petroleum on Sunday, a senior official said, the first of three successive contracts aimed at increasing...

OPEC kept its world oil demand forecast for 2012 stable on Wednesday, despite warning of continued economic uncertainty. In its monthly report, the Organisation of...

World oil prices advanced on Monday, rebounding from recent losses ahead of a looming lockout of Norwegian production. Brent North Sea crude for delivery in...

Iran has reached agreements with European refiners to sell some of its oil through a private consortium, an official said on Saturday, a move...

Crude prices fell on Monday following a pre-weekend surge and in the wake of weak Chinese economic data, and as markets assessed the impact...

A European Union embargo on Iranian oil went into effect on Sunday, provoking anger in Tehran which says the measure will hurt talks with...