KSA offered to set up oil reserves Published 31 Oct, 2026 05:33am ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik said Saudi companies could establish commercial oil...
US seeks more access to Venezuela's mineral wealth after tapping its oil, sources say Published 08 Sep, 2026 04:43pm US seeks Venezuela's gold and critical minerals, expanding influence and countering China's regional economic footprint
Trump says US is taking partial control of Venezuela's vast oil reserves Published 29 Aug, 2026 11:43am US takes unprecedented control of 65 billion barrels of Venezuelan oil, aiming to stabilize energy markets and reduce gas prices
Report reveals significant expansion in country’s hydrocarbon reserves Published 02 Sep, 2025 07:20am KARACHI: A new report reveals a significant expansion in Pakistan’s hydrocarbon reserves, driven primarily by...
Experts sceptical of Trump’s claim of ‘massive’ oil reserves in Pakistan: Bloomberg Updated 27 Aug, 2025 10:53pm Despite renewed interest from major US companies in Pakistan’s energy sector, industry experts have cast doubt on...
Trump says US to help develop oil reserves Published 01 Aug, 2025 06:17am ISLAMABAD/WASHINGTON: The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead...
PTI warns oil reserves may run out in 10-12 days Published 19 Jun, 2025 05:53am ISLAMABAD: The opposition leader in National Assembly Omar Ayub on Wednesday issued a stark warning that the...
Brent hovers above $83 as inflation data takes centre stage Updated 13 May, 2024 06:30pm LONDON: Oil prices edged higher on Monday after losing about $1 a barrel in the previous session on signs that U.S....
Iraq hopes oil reserves will exceed 160bn barrels: minister Published 11 May, 2024 06:34pm BAGHDAD: Iraq, one of the world’s biggest oil producers, aims to boost its crude reserves to more than 160 billion...
June oil reserves decline 17pc to 193m bbl YoY Updated 09 Sep, 2023 07:01am KARACHI: The country’s oil reserves declined by 17 percent to stand at 193 million bbl in June 2023 as compared to...
OGDCL’s KP well sees major boost in production Updated 30 Aug, 2023 07:43pm Oil & Gas Development Company Limited (OGDCL), the country’s largest hydrocarbon exploration firm, has achieved...
OGDCL commences oil & gas production from KPK field Published 15 Jun, 2023 03:48pm Company is set to start production from its Wali (Bettani) Gas Field, integrating it into the national grid
Riyal politic Updated 25 May, 2023 07:12am Once again Saudi Arabia is using its position as the financial superpower of the Middle East – it sits on top of ...
US oil may retest support at $77.16 Published 23 Dec, 2022 10:51am SINGAPORE: U.S. oil may retest a support at $77.16 per barrel, a break below which could open the way towards...
OGDCL discovers oil & gas reserves in Sindh Updated 19 Dec, 2022 04:36pm Oil and Gas Development Company Limited (OGDCL), the largest oil and gas exploration company in Pakistan, on Monday...
OGDCL discovers oil reserves in Punjab Updated 27 Oct, 2022 03:54pm Company says latest oil discovery further extends hydrocarbon play area in Pothohar basin
Saudi blasts release of oil reserves ‘to manipulate markets’ Updated 26 Oct, 2022 09:28am RIYADH: Saudi Arabia’s energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to...
Biden to release 15m barrels from US oil reserves Published 20 Oct, 2022 05:36am WASHINGTON: President Joe Biden will announce Wednesday he’s putting the final 15 million barrels on the market...
Biden, battling high gas prices, says US will tap, refill oil reserve Published 19 Oct, 2022 11:17pm WASHINGTON: President Joe Biden said Wednesday the United States will sell 15 million barrels from the nation's...
June oil reserves decline 7pc to 233m bbl YoY Published 26 Aug, 2022 06:00am KARACHI: The oil reserves have reduced by 7.0 percent on year-on-year basis, arriving at 233 million bbl during June...
IMF being lenient with current government: Shaukat Tarin Updated 22 Jun, 2022 06:28pm Former finance minister says global lender asked PTI to match policy rate with headline inflation instead of core inflation
OGDCL discovers oil, gas reserves in Sindh and Punjab Published 22 Jun, 2022 11:47am Discoveries made in Rajanpur, Punjab and district Tando Allah Yar, Sindh
Russian isolation won’t spark ‘acute’ oil supply crunch: IEA Published 13 May, 2022 05:59am PARIS: Russia’s growing isolation will not create an “acute” global oil supply crunch as production from other...
Most Gulf markets recoup losses; Abu Dhabi gets Etisalat boost Published 01 Apr, 2022 05:41am DUBAI: Most Gulf markets ended flat or slightly higher on Thursday, recovering from earlier losses after oil prices...
India indicates readiness to release more oil reserves Updated 15 Mar, 2022 06:36am NEW DELHI: India will take “appropriate” steps to calm the rise in oil prices, triggered by Russia’s invasion...
India to release additional crude from its stocks Published 27 Feb, 2022 06:39am NEW DELHI: India is prepared to release additional crude from its national stocks in support of efforts by other...
China boosts oil reserves, ignoring US push for global release Published 26 Feb, 2022 04:37am LONDON: China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from...
India to release 5mn bbls oil from strategic reserves in coordination with other buyers Published 23 Nov, 2021 05:46pm NEW DELHI: India will release 5 million barrels of oil from its strategic reserves in coordination with other buyers...
Japan PM confirms oil reserves may be released to curb prices Published 21 Nov, 2021 04:19am TOKYO: Japan is considering releasing oil from its reserves for the first time to curb surging oil prices, Kyodo ...
Japan considers releasing oil reserves to curb prices Published 20 Nov, 2021 10:40am TOKYO: Japan's government is considering releasing oil from its reserves in response to rising crude oil prices,...