LCCI opposes suggestions for increase in POL prices
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has demanded the government reject any suggestion for increase in petroleum products (petrol, oil...
Oil prices rise, as tensions in Middle East may lead to supply disruptions
SINGAPORE: Oil prices rose on Tuesday, pushed up by concerns that tensions in the Middle East could lead to supply disruptions.
Hopes that...
Wall Street regains composure after initial slide
NEW YORK: Wall Street took investors on a turbulent ride Friday as stock indexes veered into a steep slide that knocked 350...
Government using development projects for political gains: NA committee
ISLAMABAD: As the government is releasing funds to development projects despite the huge budget deficit and financial constraints, the members of National...
Govt released Rs3.612 million for petroleum sector from July-November
ISLAMABAD: The government has released Rs3612.280 million for the Petroleum and Natural Resources Division under the Public-Sector Development Programme (PSDP 2017-18) during...
Oil prices steady, as trading activity dries up ahead of new year
SINGAPORE: Oil prices were stable on Thursday with trading activity drying up ahead of the New Year weekend.
Heading into 2018, traders said...
Finance Ministry resists disbursement of subsidy, despite soaring circular debt
The Ministry of Finance has been claimed to be blocking subsidy payment to energy producers which is a major factor in the...
Oil prices claw up slightly amidst reported fall in US crude stocks
Singapore: Oil prices edged up on Thursday, clawing back some ground after losses in the previous session.
Traders said the market was range-bound...
Oil prices slightly down as US oil exports rose last week
TOKYO: Oil prices inched lower on Thursday, pressured by an unexpected increase in U.S. crude inventories and as oil output and exports...
TAPI partners plan to meet in Dubai, review project progress
The four-nation consortium, Turkmenistan-Afghanistan-Pakistan-India (TAPI), will be meeting in Dubai in June to review progress on the multi-billion dollars gas pipeline project...
Oil prices reach two-year peaks, after North Sea pipeline fault
LONDON: Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline...
Asian shares open firm, oil down as Syria fallout seen limited
SYDNEY: Share markets started firmer in Asia on Monday amid relief U.S.-led strikes on Syria looked like being a one-off event that...
Oil prices remain unchanged, as markets remain stagnant
SINGAPORE: Oil markets were stable on Monday, hovering around Friday’s levels as a lack of conclusive market indicators prevented prices from swinging...
Oil near 18-year lows on demand devastation warning
Oil languished at multi-year lows Thursday, with WTI crude close to its weakest level since 2002, as dire warnings about a virus-triggered...
Oil prices steady as OPEC expected to extend production cuts
SINGAPORE: Oil markets were stable on Thursday as rising U.S. crude production and inventories were countered by expectations that OPEC will extend...