Russian oil supply likely by April Negotiations with Russia were finalised in 45 days: Petroleum State Minister Musadik Malik Updated 04 Feb, 2023 09:13pm
Print ARL warns supply disruption if AGL not operationalized ISLAMABAD: M/s Attock Refinery Limited (ARL) has warned the government that oil supply to Pakistan Air Force (PAF),... Updated 14 Dec, 2022 09:48am
Print 22-day cover for petrol, 19-day cover for HSD in hand: Ogra ISLAMABAD: In response to the letter written by the Oil Companies Advisory Council (OCAC) regarding the oil supply... Updated 18 Nov, 2022 09:23am
Print OPEC+ agrees deep oil production cuts VIENNA/LONDON: OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market,... Published 06 Oct, 2022 05:59am
Markets Oil rises 1pc on supply concerns, expectations for fuel switching NEW YORK: Oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil... Published 15 Sep, 2022 07:16am
Markets Oil falls on weak economic data, offshore oil restart NEW YORK: Oil prices fell by more than $5 a barrel on Monday after disappointing Chinese economic data renewed... Published 16 Aug, 2022 03:59am
Print OPEC+ agrees tiny output rise in setback for Biden DUBAI/LONDON: OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a... Published 04 Aug, 2022 05:43am
Markets Oil sinks about 4pc after weak factory data sparks demand concerns NEW YORK: Oil prices dropped about 4% on Monday as weak manufacturing data in several countries weighed on the ... Published 02 Aug, 2022 06:58am
Markets Iraq can boost oil output by 200,000 bpd this year if asked: BOC BASRA: Iraq has the capacity to increase its oil production by 200,000 barrel per day (bpd) this year if asked, an... Published 22 Jul, 2022 09:55pm
Markets Oil rises 1pc as tight supply outweighs economic worries NEW YORK: Oil prices edged up about 1% to a two-week high in volatile trade on Tuesday as the market focused more on... Published 20 Jul, 2022 07:05am
Markets Oil rises 2% but set for weekly loss amid recession fears NEW YORK: Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as... Updated 08 Jul, 2022 09:04pm
Opinion Inflation, stagflation, recession Years of neoliberal assault globally leading to a diminishing role of government, especially in regulating markets,... Published 08 Jul, 2022 05:36am
Markets Russian isolation won’t spark ‘acute’ oil supply crunch: IEA PARIS: Russia’s growing isolation will not create an “acute” global oil supply crunch as production from other... Published 13 May, 2022 05:59am
Print Oil market headed for surplus? LONDON: Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the... Updated 20 Jan, 2022 09:52am
Markets Oil prices steady as supply concerns offset Omicron fears LONDON: Oil prices were little changed on Monday as concerns over oil supply from Kazakhstan and Libya were offset ... Published 11 Jan, 2022 06:33am
BR Research Oil volatility returns Nothing much had changed in the physical market for Brent oil to return losses for seven straight sessions earlier... Published 26 Aug, 2021 07:35am
Business & Finance OPEC+ agrees oil supply boost after UAE, Saudi reach compromise "We are happy with the deal," UAE's Energy Minister Suhail bin Mohammed al-Mazroui told a news conference. Saudi energy minister Prince Abdulaziz bin Salman declined to answer questions on how the compromise was reached. Published 19 Jul, 2021 12:21am
Markets OPEC+ agrees oil supply boost from August as prices surge OPEC+ to ease cuts by 2 mln bpd until year end. Oil prices near 2-1/2 year highs on pandemic recovery. Supply management likely to last until end-2022. Production quotas to be adjusted up from May 2022. Published 18 Jul, 2021 05:15pm
Markets Oil prices sink again, as investors look out for more supply Saudi Arabia and UAE reach compromise on oil supply Investors focus on rising US product inventories Several banks... Published 16 Jul, 2021 04:34am
Markets OPEC+ seen sticking with supply plan with Iran's oil yet to return OPEC+ panel meeting starts, full session set for 1230 GMT. Iran nuclear talks and supply return in focus. OPEC's Barkindo says Iran supply return to be orderly. Published 01 Jun, 2021 07:20pm
BR Research Oil rebalancing After stabilizing, oil seems to be entering a stronger phase or maybe its learning to live with the pandemic; not... Published 01 Jun, 2021 07:35am
Markets Iran again boosts OPEC oil output in April OPEC April output rises 100,000 bpd from March. Compliance with OPEC+ cut pledges slips to 123%. Iran posts OPEC's biggest output gain despite sanctions. Biggest declines seen in Venezuela and Libya. Published 30 Apr, 2021 06:38pm
Markets Oil drops below $64 as rising OPEC+, Iranian output weighs OPEC+ to ease some output cuts between May and July. Iran is also increasing output and exports. Iran, US to hold indirect nuclear talks on Tuesday. Published 05 Apr, 2021 06:50pm
Markets Oil rises as OPEC+ decides on production policy OPEC+ reaches preliminary deal to raise output from May –sources. OPEC+ still has deep production cuts in place. New pandemic waves creates uncertain demand outlook. Euro zone factory activity soared in March. Published 01 Apr, 2021 09:04pm
Markets Oil up as OPEC+ meets to decide on production policy OPEC+ considers whether to rollover or hike output. OPEC+ still has deep production cuts in place. New pandemic waves creates uncertain demand outlook. Euro zone factory activity soared in March. Published 01 Apr, 2021 07:09pm
Markets OPEC+ debates whether to raise or freeze oil output as price recovers OPEC+ ministers meet at 1300 GMT. Market had been expecting OPEC+ to ease curbs. Outlook for Saudi Arabia's voluntary cut unclear. Oil prices trade near pre-pandemic levels. Published 04 Mar, 2021 05:12pm
Business & Finance Kuwait plans to shorten oil supply deals for some Asian buyers Kuwait plans to sign only nine-month supply contracts. Aims to start Al-Zour refinery this year or by early 2022. Will assess domestic demand before commits to 2022 Q1 supplies. Published 17 Feb, 2021 07:02pm
Markets OPEC oil supply to drop by 400,000 bpd in Jan OPEC's compliance with pledged supply curbs is close to 100%, the company said. "The biggest reductions in January supply are expected from Libya, Iraq and Nigeria," Petro-Logistics said. Published 25 Jan, 2021 09:33pm
Markets European lenders exit Amazon oil trade after scrutiny by campaigners Banks phase out financing for Ecuador oil exports. Indigenous leaders in Amazon rainforest welcome the move. Advocay groups call for moratorium on new drilling. Published 25 Jan, 2021 08:05pm
Markets Russia and Belarus agree oil supply terms for 2021 The two ex-Soviet neighbours have had a patchy relationship over the years and have quarrelled about a number of issues, including oil and gas sales. reselling some of it and oil products processed from the Russian barrels on to Europe until Moscow decided to stop the practice. Published 25 Dec, 2020 07:05pm