Tag: Oil
Oil, gas reserves discovered in Sanghar
The Oil and Gas Development Company Limited (OGDCL) has discovered new oil and gas reserves in Sanghar.
OGDCL Secretary Ahmed Hayat Lak said that the...
Oil prices up as global markets recover post Brexit
Oil prices rose in Asia on Friday as traders welcomed assurances from central banks around the world that they were ready to step in...
Oil prices dip on oversupply concerns
Oil prices fell in Asia on Thursday as supply outlook improved with both commodities hovering close to the key $50 mark, worrying traders about...
Oil prices rise with recovering global markets
Oil prices extended gains in Asia on Wednesday, tracking a recovery in equity markets as leaders look to temper fears over the effects of...
Oil extends slide on worries about impact of Brexit
Oil prices suffered fresh losses in Asian trade Monday as the fallout from last week's decision by Britain to leave the European Union batters...
116 oil, gas wells to be drilled next fiscal year
The government has set a target of domestic production of 43.8 million barrels of crude oil and 1.51 trillion cubic feet gas for the...
Oil edges up on weaker dollar as Britain EU vote looms
Oil climbed in Asia Wednesday after Federal Reserve boss Janet Yellen's cautious remarks on the US economy weakened the dollar and traders nervously await...
Oil extends rebound on weak dollar, easing Brexit fears
Oil prices extended gains in Asia Monday on the back of a weaker US dollar and easing fears of a UK exit from the...
Oil up as Brexit fears ease, still down for week
Oil prices rose on Friday for the first time in a week as the dollar fell and investors in global markets cautiously bought some...
Oil hits 2016 highs on Nigeria sabotages, US draw forecasts
Oil prices rallied for a third straight session on Wednesday to new 2016 highs above $50 a barrel on relentless sabotage of oil supplies...
IMF urges Gulf states to adapt to lower oil prices
The International Monetary Fund forecast Monday that economic growth in the six-nation Gulf Cooperation Council will be 1.8 per cent this year, down from...
Oil prices fall further in Asia as US stockpiles rise
Oil prices extended losses in Asia Thursday following a rise in US commercial crude stockpiles, while traders turned cautious ahead of a crunch producers'...
66 gas, 6 oil reserves discovered, NA told
The National Assembly was informed on Thursday that 66 discoveries of gas and six of oil have been made in the country during the...
Oil dips as market reacts calmly to Brussels attacks
Oil prices eased Wednesday as traders reacted calmly to the Brussels attacks and kept their eye on global oversupply ahead of a crucial producers'...
Imposing additional tax on power sector is govt brutality: Imran
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Friday said that federal government was committing injustice and brutality with the innocent people in imposing additional...
Khaqan rejects Imran’s allegation about NOC for exploration in KP
Says no NOC is pending or even required for exploration
Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Tuesday categorically rejected Pakistan Tehrek-e-Insaf (PTI)...
Saudi Arabia, Russia to meet as mood on oil deal shifts:...
The world’s top two oil exporters Saudi Arabia and Russia will hold talks on Tuesday, sources told Reuters, as producers try to tackle a...
