Tag: Oil
IMF isn’t exactly renowned for spreading optimism
The International Monetary Fund (IMF) has projected that in 2012 Oil prices were expected to remain high; and spillovers from Syria could affect a...
Concerns mount over oil price hike
Attock Oil Refinery (AOR) has increased the prices of lube base oil by Rs 3.50 per liter which would result in sharp increase in...
US says it’s helping India find alternative oil supplies
In the face of a public outcry in India over rising oil prices due to Iran oil sanctions, the US said it was trying...
Burning the midnight oil…
Oil futures fell on the drumbeat from global stock markets, which erased the year’s gains as investors pared holdings for safe-haven assets such as...
Massod Siddiqui finalised as OGDCL new chief
Federal Government has decided to appoint Masood Siddiqui as new head of Oil and Gas Development Company Limited (OGDCL).
Notification would be issued in this...
Oil slides on deepening fears over eurozone
Oil extended losses in Asian trade Friday on growing concerns that the eurozone's debt woes could worsen, causing a global crisis that would ravage...
India says it will cut Iran oil purchases by 11%
India said Tuesday it would cut purchases of Iranian oil by 11 percent following pressure from the United States to join a drive to...
Squeaky wheel needs oil… and cheap
The Lahore Chamber of Commerce and Industry on Saturday urged the government to bring down the prices of petroleum products and their prices in...
Clinton presses India to cut Iran oil imports
US Secretary of State Hillary Clinton Monday said countries like India were being pressurised to reduce their oil imports from Iran to make Tehran...
OGDCL employees vow to close all the oil fields of company
More than four thousand contract employees of Oil and Gas Development Company limited (OGDCL) have vowed to stops work, close all the oil fields...
Oil report seen supporting Iran sanctions
Global oil inventories grew over the last two months despite the loss of further supplies from Iran, according to a U.S. report that gave...
And now the lube base oil prices…
Attock Oil Refinery has increased the prices of lube base oil by Rs 7 per litre, which the lubricant manufacturers apprehend, would result in...
Oil will remain a problem
Brent crude is likely to remain bid in the international market for at least the foreseeable future, another fine example of how exogenous shocks...
2 major US oil companies interested in TAPI pipeline
Two major U.S. oil companies are interested in a four-country pipeline that would ship gas worth billions of dollars from Turkmenistan to India and...
Oil prices extend gains in Asian trade
Oil prices extended gains in Asia on Monday, supported by concerns over Middle East supply and signs of stabilisation in the world economy, analysts...
Gold turns higher on US jobs data, oil gains
Gold rebounded in heavy trade on Friday, reversing early sharp losses as the metal took heart from gains in crude oil and US equities’...
Security, circular debt taking toll on exploration, development of oil and...
The search for new hydrocarbon reservoirs in the country has started to show some signs of recovery as 12 exploratory wells were drilled in...
