Tag: Oil
Oil above $58 on US shale report, ME tension
Crude oil rose on Tuesday after a forecast that US shale oil output would record its first monthly decline in more than four years...
Oil tops $60 for first time in 2015
Oil hit its highest level for the year on Friday with Brent crude rising above $60 a barrel, as eurozone economic growth exceeded expectations...
Saudi crown prince blames weak global economy for oil ‘tensions’
A weak global economy is the main reason for "tensions" in world oil markets, Saudi Arabia's crown prince said on Tuesday, in a speech...
SC asks Centre, provinces to explain royalty issue
The Supreme Court of Pakistan has sought reply from the federation and provinces on implementation of its orders on payment of royalty to the...
POL price hike fuels Opposition’s walkout
The joint opposition in the Punjab Assembly (PA) joined hands against the increase in petroleum prices and staged a walkout from the assembly in...
Iran sanctions bill on oil passed by US House
US lawmakers have approved a sweeping bill aimed at slashing Iran’s oil exports even further over its disputed nuclear programme.
The bill adopted by the...
Oil prices down in Asian trade
Oil prices fell in Asian trade on Thursday after a surprise up tick in US crude stockpiles, but losses were tempered by growing concerns...
Experts foresee political will to create integrated energy ministry
The 5Th Pakistan Oil and Gas Forum 2013, organised by SHAMROCK Conferences International, concluded on May 30 at the Marriott Islamabad demanding and foreseeing...
150MW Lakhra coal plant rusting
Lakhra power plant that can produce 50MW at a cheap price of Rs5 per unit, has been shut for the last two months due...
Petroleum ministry refuses to account for billions of rupees
The petroleum ministry has refused to account for billions of rupees it received for fuel-related expenditures. It refused to hand over the record to...
Oil on deferred payment by Saudis to ease Pakistan’s external...
Economic observers foresee substantial ease in the country’s troubled external account as the change of guard in Islamabad has started to emerge with Saudi...
Oil import bill increased to 35% in 2012
Pakistan’s oil import bill sharply increased to $14 billion in fiscal year 2012 as against $12.5 billion in the corresponding period of last year,...
Oil mixed in Asian trade
Oil was mixed in Asia on Wednesday as traders took a breather after strong economic data from the United States pushed prices to...
Sluggish demand for furnace oil downs oil sales by 18pc in...
Expecting fuel consumption to mark a modest 2.5 percent growth in fiscal year 2012-13, the market analysts Friday observed the oil sales, excluding non-energy,...
Sudanese minister invites entrepreneurs to invest in oil, gas sector
Pakistan and Sudan, being brotherly countries are enjoying close and cordial relations and facing almost similar challenges which could be resolved in a better...
Oil falls in Asia as traders eye Italian elections
Oil prices were down in Asia on Monday as dealers awaited the outcome of the Italian elections that could weaken the eurozone's single currency,...
Oil mixed in Asian trade
Oil prices were mixed in Asia on Tuesday after a holiday in the United States and data showing weaker oil exports from Saudi Arabia,...
