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World

Web Desk
Sep 08, 2024

Oil is headed for a steeper dive, and OPEC+ won’t be able to stop it

China, the engine of oil demand for the past two decades, is showing a diminished appetite for the commodity.

World

Reuters
Aug 14, 2024

Harris to target price gouging in first policy speech in North Carolina

Harris will travel to Raleigh, in North Carolina, a state Democrats hope to flip this election, to outline her plan “to lower costs for middle-class families”.

Pakistan

Hum News
Jun 30, 2024

No increase in petroleum levy: finance minister

Finance Minister Muhammad Aurangzeb announced on Sunday that there would be no increase in the Petroleum Development Levy.

Business

Reuters
Apr 19, 2024

Global market: Stocks sink, oil surges on reports of Middle East attacks

MSCI’s broadest index of Asia-Pacific shares dived 2.3 per cent and US stock futures pointed 1.5 per cent lower following media reports Israeli missiles had hit a site in Iran.

World

Reuters
Apr 09, 2024

Oil prices turn higher as Middle East ceasefire hopes wane

Investors are also awaiting inflation data due from the US and China for further signals on the economic direction of the world’s top two oil consumers, as well as an interest rate decision from the European Central Bank on Thursday.

World

Web Desk
Mar 03, 2024

Some OPEC+ members agree to extend oil output cuts

OPEC+ in November agreed to voluntary cuts totalling about 2.2 million barrels per day

Business

Web Desk
Jan 27, 2024

Oil, gas sector: Career expo 2024 kicks off on Wednesday

The event will endeavour to host over 5000 students, from diverse disciplines of Engineering and Business Management from leading universities participating from all over Pakistan.

Pakistan

Web Desk
Nov 24, 2023

Govt invites stakeholder feedback on transition to weekly oil pricing

The letter from OGRA emphasises the importance of meaningful contributions from stakeholders, urging them to submit their views within a stipulated timeframe of five working days from the issuance of the communication.

Latest

Web Desk
Nov 06, 2023

Saudi Arabia to continue oil production cut

It has been stated in the media reports that the cut decision will be reviewed next month to consider whether to continue the voluntary cut, increase the cut or increase production.

World

Web Desk
Oct 11, 2023

Russia’s Putin says OPEC+ coordination to continue

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, began their latest cycle of limiting supplies in late-2022 to bolster the market