Tag: Oil
Oil posts fourth biggest daily gain on record
Oil surged on Friday in heavy trading to the fourth biggest daily gain on record, as a deal by European leaders to shore up...
OGRA suggests another decrease in POL prices
The Oil and Gas Regulatory Authority (OGRA) on Thursday recommended a reduction in petroleum prices by up to Rs 6.44 per litre. The OGRA...
Oil up in Asia on Gulf of Mexico supply disruption
Crude prices rose in Asia on Monday as the onset of Tropical Storm Debby forced oil and gas operators in the Gulf of Mexico...
Oil up in Asia on short-covering
Oil prices inched up in Asian trade Friday as wary traders bought up cheap crude to recoup some of their losses after markets plunged...
Oil prices down in Asia as stockpiles rise
Oil prices fell in Asian trade Thursday on rising US crude stockpiles while traders were also disappointed by muted stimulus measures from the Federal...
Oil hits 18-month low near $90 on weak data, high supply
A technical breakdown in crude futures prices on both sides of the Atlantic spurred further selling, with no bottom yet in sight, analysts said....
Let’s gape at the oil pendulum
The analysts foresee a big challenge for the economic mangers in the months ahead as the country’s current account deficit widened to $ 3.77...
Oil prices fall on Spain debt concerns
World oil prices dropped on Tuesday, with Brent crude briefly hitting a 17-month low point on Spanish debt concerns, analysts said.
New York's main contract,...
Petrol paucity irks commuters in Sialkot
The people suffered great ordeal due to paucity of petrol, diesel and CNG gas in Sialkot district, as the shortage of petrol remained continued...
Korangi traders hail reduction in POL prices
The trade and industry has hailed the government decision to reduce POL and CNG prices. In a statement the patron in-chief Korangi Association...
Govt cuts prices but oil companies collecting illegal chunk
Although, the government has slashed down prices of petroleum products to provide relief to masses but oil marketing companies, both public and private, are...
OGRA has always been a little touchy about LPG
The Oil and Gas Regulatory Authority (OGRA) has opposed the plan to install LPG stations in the country and proposed the Ministry Of Petroleum...
Bombs hit Iraq pipelines, exports unhurt: officials
Five bombs exploded at a northern Iraqi oil field on Saturday morning, damaging two pipelines without affecting the country's vital crude exports, officials said.
The...
You are hereby invited to come and drag us out of...
An energy-deficient Pakistan offers rich opportunities for investment in the gas sector given the presence of massive and proven gas and coal reserves waiting...
Oil slides on global demand concerns
Oil fell further in Asian trade Monday as worries about demand weighed on investors still spooked by weak economic data from the US and...
PP wins bid for Iraq gas exploration block
Pakistan Petroleum Thursday won a bid for a 6,000 square kilometre (2,316 square mile) exploration block which is thought to contain gas covering Diyala...
Oil mixed amid Iran, eurozone concerns
Oil prices were mixed in Asian trade Tuesday as investors weighed the eurozone's mounting debt woes with the prospect of a disruption to Middle East...
