Oil and Gas Development Company Limited (OGDCL) officials unveiled the fact before the Public Accounts Committee (PAC) of the National Assembly (NA) that Saudi Arabia is not providing refined oil to Pakistan but only crude oil. According to the 24News HD TV channel, the PAC meeting was held ...

TEHRAN - Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude oil, its president said on Sunday, a find that could boost the country's proven reserves by a third as it struggles to sell energy abroad over United States sanctions. The announcement by ...

The country's domestic production of crude oil witnesses around 12. 8 percent increase during a nine-month period (July-March) of the last fiscal year. According to official data available with APP, the domestic production of crude oil remained 24.6 million barrels during the period under review as ...

ISLAMABAD - The country’s domestic production of crude oil has witnessed around 12. 8 percent increase during a nine-month period (July-March) of the last fiscal year. According to official data available with APP, the domestic production of crude oil remained 24.6 million barrels during the ...

SINGAPORE: Oil prices were stable on Thursday after posting strong gains late in the previous session on the back of a drop in US crude inventories.Another rise in US oil production, which is close to breaking through 10 million barrels per day (bpd) is capping crude prices as it undermines efforts ...

TOKYO: Asian shares fell on Wednesday, taking their cues from Wall Street with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar.MSCI’s broadest index of Asia-Pacific shares ...

SINGAPORE: Oil markets rose on Thursday, lifted by a fourth straight weekly fall in US crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week.US West Texas Intermediate (WTI) crude futures were at $56.69 a barrel at 0545 GMT, up 9 cents, or 0.2 ...

SEOUL: Oil markets nudged higher on Tuesday, buoyed by expectations of a drop in US crude stockpiles and after last week’s deal between OPEC and other crude producers to extend output curbs.International benchmark Brent crude futures LCOc1 were trading up 6 cents, or 0.1 percent, from their last ...

New Delhi (Sputnik) — Diversifying the energy dependency, India has received the first US crude oil cargo of 1.6 million barrels bought by Indian Oil Corporation from the United States on Monday at Paradip port.The step is seen as Indian strategy to lessen its dependency on OPEC ...

BEIJING: China's commercial crude oil stocks went down 3.42 percent in August from a month earlier, while stocks of refined oil products dropped 0.97 percent, according to data compiled by Xinhua News Agency. The fall was a result of decreasing output and imports, and rising processing volume, ...