Oil slips amid doubts price war will end soon
Oil prices slipped Friday as doubts grew over US President Donald Trump's claim that Russia and Saudi Arabia planned to end their...
The world could soon run out of space to store oil; It may plunge prices below zero
The world's thirst for oil has evaporated.
Highways are empty. Planes are grounded. Factories are dark. The unprecedented collapse in oil demand has sent crude crashing...
Oil rises as Trump talks up Saudi-Russia truce, recession fears limit gains
LONDON: Oil prices jumped 8 per cent on Thursday after US President Donald Trump said he expected Saudi Arabia and Russia to...
PM orders immediate redressal of energy sector woes
ISLAMABAD:Â Prime Minister Imran Khan on Thursday directed the ministry concerned to accelerate reforms in the energy sector by removing all systemic hurdles...
WB to provide additional $700 million for Dasu Hydropower Project
The World Bank Board of Directors has approved a $700 million additional financing to help Pakistan generate low-cost, renewable energy to provide...
Oil ends March with biggest monthly and quarterly losses ever
NEW YORK: Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both US and Brent futures were...
Attock refinery to close in a week unless demand rises, says top official
Attock Refinery is operating its 54,000 barrels per day (bpd) plant at 29 per cent capacity and is prepared to shut the...
LPG price reduced by Rs39 per kg
ISLAMABAD: After petroleum products, the Oil and Gas Regulatory Authority (OGRA) has notified a decrease in the price of locally produced Liquefied...
Oil prices rebound strongly, WTI crude up more than 7%
Oil prices rebounded strongly in Asian trade Tuesday a day after falling to 18-year lows, as investors took heart from moves by...
Saudi Arabia plans to boost oil exports to 10.6 million bpd from May
DUBAI: Saudi Arabia plans to boost its oil exports to 10.6 million barrels per day from May because the country is burning...
Imran Khan directs ministry not to increase gas tariff
ISLAMABAD: No additional burden would be shifted to the gas consumers, rather steps would be taken to facilitate them under the recently...
Oil plunges to lowest level since 2003
LONDON: Oil prices slumped a new on Friday with Brent North Sea crude plumbing a 17-year low owing to massive oversupply as...
Calls mount for new OPEC+ deal as oil prices and demand slide
MOSCOW/DUBAI/LONDON: Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as the...
Petroleum Division says POL prices to remain intact for April
ISLAMABAD: The government on Friday made it clear that oil prices would remain unchanged for the month of April this year.
In a...
CNG price reduced by Rs9 for Punjab, Islamabad
ISLAMABAD: The All Pakistan Compressed Natural Gas Association (APCNGA) on Friday announced to reduce the commodity price by Rs9 per liter for...