oil
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Oil dips but on track for fifth week of gains | The Express Tribune
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[ad_1] NEW YORK: Oil prices edged lower on Friday, but were on track for a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant. Risk appetite in wider financial markets…
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Oil prices up by 2% to 10-week high | The Express Tribune
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[ad_1] NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling US dollar, hopes for higher demand in the developing world and supply cuts by the world’s biggest oil exporters. Brent futures rose…
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Potential Pak-Russia oil deal runs into hitches | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Russia are unlikely to strike a long-term oil supply deal as talks between the two sides have run into hitches. Sources told The Express Tribune that Pakistan and Russia had agreed that a special purpose vehicle…
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Taliban-led Afghanistan starts oil extraction in Qashqari
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[ad_1] Acting Mines and Petroleum Minister Sheikh Shahabuddin Delawar during the inauguration ceremony of the wells. — Tolo News For the first time ever, the Taliban-led Afghanistan on Sunday started extracting oil from the wells of the Qashqari oilfield, according to Anadolu. …
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Two new blocks awarded for oil, gas search | The Express Tribune
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[ad_1] KARACHI: The government has provisionally awarded two new blocks to a leading state-owned oil and gas exploration firm in an effort to find fresh large hydrocarbon deposits and reduce reliance on energy imports. Oil and Gas Development Company Limited…
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Oil falls as rate hike fears offset inventory drop | The Express Tribune
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[ad_1] LONDON: Oil fell on Wednesday, giving up earlier gains, as worries over further interest rate hikes and slowing demand offset support from an industry report showing a larger-than-expected drop in US crude inventories. Benchmark Brent crude prices are down…
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Second shipment of Russian oil arrives | The Express Tribune
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[ad_1] KARACHI: The second cargo ship of Russian crude oil anchored at Karachi Port on Tuesday. According to Express News, vessel – Clyde Nobel Birth – is carrying 56,000 tons of oil. According to port sources, the ship had been…
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Russia rubbishes claims of ‘special’ oil discount | The Express Tribune
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[ad_1] MOSCOW: Russian Energy Minister Nikolay Shulginov has confirmed that oil export to Pakistan had begun on the payment in the currency of a friendly country but stressed that there was no special discount to Islamabad, according to Russian and…
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First Russian discounted oil cargo has arrived in Karachi, announces PM Shehbaz
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[ad_1] First Russian vessel Pure Point reaches Karachi port. — Twitter/ @Roohan_Ahmed For the first time in the history, a vessel carrying Russian oil has finally reached Karachi on Sunday, announced Prime Minister Shehbaz Sharif. Taking to twitter, PM Shehbaz…
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Russian oil: Will petrol price in Pakistan drop by Rs100 after import?
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[ad_1] A person fills their car’s tank at a fuel station in this undated file image. — AFP After months of hype, Pakistan may finally receive its first shipment of imported Russian oil later this month. But the majority of…
