oil
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770Oil drops below $100 on China demand fears
Oil prices have shown a decrease of about 4 percent on Monday, with Brent crude falling below $100 a barrel on worries...
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762
Oil companies are selling substandard fuel as high-octane for profits
To deceive customers and increase profits, several oil marketing companies (OMCs) in Pakistan have been selling research octane number (RON)-95 fuel as...
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1.8K
Saudi Arabia considers accepting Chinese yuan for oil
According to the Wall Street Journal, Saudi and Chinese officials are discussing pricing part of the Gulf nation’s oil sales in yuan...
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725
Oil prices may hit $240 if sanctions on Russia supply continue
Experts say that oil prices could hit $240 per barrel this summer in the worst-case scenario if Western countries roll out sanctions...
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991
Why are US, China, other countries releasing oil from emergency reserves?
China confirmed on Wednesday and India also plans to join the United States, Japan and other major energy-consuming nations in releasing emergency...
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595
Top oil exporter Saudi Arabia targets net zero carbon emissions by 2060
Ahead of the international climate negotiations in Glasgow, Saudi Arabia has committed to reaching net-zero emissions by 2060. One of the world’s...
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808
Financial crisis of oil marketing companies worsens
Due to severe financial crisis, the Oil Marketing Companies (OMCs) have demanded the government to yield measures to support and address their...
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624
Pakistan witnesses highest oil sales in the month of August
Oil sales in the country increased by 22 percent during the months of July and August to 3.9 million as compared to 1.97 million...
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647
Oil production jumps 24 percent to 75,575 bpd in FY21
The production of oil in Pakistan increased by 24% during the fiscal year 2020-21 whereas the production of gas came down slightly...
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618
Pakistan to open new oil, gas exploration blocks through competitive bidding
Pakistan is all set to open new areas for oil and gas exploration through competitive bidding which will push massive exploration activities...
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840
Pakistan to get $4.5 billion from ITFC to fund petroleum imports
Pakistan will get a funding of $4.5 billion from International Islamic Trade Finance Corporation (ITFC) in order to finance imports of petroleum...
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2.2K
Pakistan discovers large oil and gas reserves in Tal Block, Kohat
Pakistan has made a significant oil and gas discovery in the Tal Block, located in Kohat District, Khyber Pakhtunkhwa province. Tal Block...
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1.4K
Oil prices remain low due to low demand
Crude oil prices are still low on Wednesday in spite of the plans of Saudi Arabia; they tried to make deeper cuts...
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965
Govt plans to buy oil in advance to benefit from low oil prices
The federal government of Pakistan is taking benefit from the unprecedented collapse of oil rates in the international market. The government is...
