Tag: Oil

Over 24,000 litres of diesel and petrol that flowed into the Charar Drain after an oil tanker overturned on the Ring Road Bhatta Chowk...

The economic mangers in Pakistan must have raised their eyebrows after the Saudi labour minister’s recent announcement to limit the flow of remittances from...

The International Monetary Fund’s Regional Economic Outlook for the Middle East and Central Asia, projects mild growth for oil-exporting countries while predicting a dramatic...

The weekly average price of the Organisation of Petroleum Exporting Countries (OPEC) continued to rebound last week, growing to $108.44 per barrel, the Vienna-based...

The National Assembly on Tuesday unanimously passed the Criminal Law (Amendment) Bill 2011 making oil and gas theft a non-bail able offence with maximum...

With WTI crude oil touching the recent low of $76 per barrel on Oct 4, most of the investors are concerned that local E&P...

Pakistan Oilfields Limited (POL) is scheduled to announce its 1QFY12 result on Wednesday, October 18, 2011.The company is expected to earn a profit after...

Bullish activity witnessed after positive reports on Pak-US relations as government met US envoy in the federal capital to work together. The market remained...

The Mari Gas Company Limited (MGCL) has made a significant discovery of crude oil with additional potential of associated gas reserves at the Halini...

Libya will not award any further oil contracts until a government is formed after elections, the country’s interim oil and finance minister in the...

The benchmark WTI crude oil prices have tumbled by 22 per cent since June 1, 2011 on rising concerns over another global recession, following...

Iraq formed a special committee on Thursday to chase down $17 billion in missing oil money that was apparently lost in 2004, when the...

Obama’s presidency found Washington’s long-time foe Castro at his least potent. Yet, having outlasted the Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Bush Sr,...

After a delay of five months, the government on Tuesday appointed Managing Directors of the five major public sector oil and gas companies, including...

It might not sound like much of a victory. The United States and other oil-consuming countries release emergency stocks of oil to put a...

Muammar Gaddafi loyalists attacked an oil refinery on Monday, killing 15 guards, in an apparent attempt to disrupt a drive by Libya’s new rulers...

As anticipated, local bourse finally succumbed to the profit taking sentiment and ended losing 62 points to close at 11,286 points. The KSE 100...