World’s biggest oil producers at odds ahead of talks on major cuts
DUBAI/LONDON: The world’s top crude oil producers Saudi Arabia, Russia and the United States remained at odds on Wednesday over how to...
Oil rebounds as hopes grow for output cut deal
Oil prices rebounded Wednesday as traders jockey for position ahead of a key producers' meeting this week aimed at cutting output to...
G20 energy ministers to hold video conference on Friday
Energy ministers from the Group of 20 major economies will convene an extraordinary meeting by video conference on Friday “to ensure energy...
Oil prices rebound on hopes for output cut deal
Oil prices rebounded Tuesday on fresh hopes an OPEC-led meeting this week will reach an agreement to reduce oversupply and shore up...
OPEC and allies likely to cut production if US joins cuts: sources
The group of oil producers known as OPEC+, including Saudi Arabia and Russia, are likely to agree to cut production at a...
Oil prices fall as doubts grow over output cut deal
Oil prices fell sharply Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of...
China prepares to close ‘oil deal of life time’ in Iraq
ISLAMABAD: Over the past week or so, the industrial economy across China as a whole is back working and operating at levels...
KSA delays May crude prices until after OPEC+ meeting: Saudi source
DUBAI: Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for...
Major oil refiners shut down as coronavirus destroys demand
ISLAMABAD: A number of refineries in the country are either curtailing operations or shutting down entirely as oil demand declines in the...
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...