Tag: Oil

Pakistan bought less than 400,000 tonnes of fuel oil for the second consecutive month this year, official data showed on Thursday. Total fuel oil imports...

Soon after the end of strike Pakistan Vanaspati Manufacturers Association (PVMA) in a row with the oil tankers association and manufactures of edible oil...

Iran has offered to supply Pakistan with 80,000 barrels of crude oil per day and a $250 million loan to help build a gas...

All Pakistan Oil Tankers Owners Association (APOTOA) in favour of their demands Monday halted the supply of oil for an indefinite period. President APOTO, Nasir...

As the Iranian sanctions ensure that the ante is upped on the global crude oil rates – oil prices hitting a nine month high...

The curious timing of the Balochistan resolution The marriage of convenience between Pakistan and the US has long soured into a marriage of distrust, inconvenience...

Two major oil discoveries on Wednesday gave a major boost to local production, which would now become twenty-five percent of the country’s total consumption. The...

Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions...

Iran is to host a high-level team from the UN nuclear watchdog on Monday as part of efforts to defuse dire international tensions over...

Oil consumption in the country stood at 1.46mn tons in Jan 2012 versus 1.64mn tonnes in Jan 2011, a decline of 11per cent YoY....

India, the world’s fourth-largest oil consumer, will not take steps to cut petroleum imports from Iran despite US and European sanctions against Tehran, finance...

As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say China...

An acute shortage of edible oil is looming in the country as the supply has been suspended from Karachi terminals for the last 9...

Iran’s Foreign Minister Ali Akbar Salehi on Thursday denied Tehran had ever tried to close the Strait of Hormuz, the vital shipping route at...

Iran on Tuesday warned US ally Saudi Arabia to rethink plans to compensate for Iranian oil exports cut by sanctions, and boosted security for...

Though Arab light crude oil prices remained firm during the month of January (2012) against the previous month (December 2011), the middle distillate prices,...

According to the weekly numbers released by PPIS for the week ending on December 27, 2011, production from Nashpa-2 has commenced thereby taking the...