Oil Marketing Association of Pakistan has rubbished the news reports about shortage of oil in the major cities of Punjab, stating that all petrol pumps have sufficient supply of fuel for 20 days. In a presser on Thursday, Chairman Tariq Wazir and Senior Vice Chairman Tariq Mehmood said that false ...

link link link. link *ISLAMABAD: Newly appointed Federal Minister for Finance and Revenue Miftah Ismail presided over a meeting of the Economic Coordination Committee (ECC) of the cabinet on Tuesday.* During the meeting, the petroleum division submitted a summary for reimbursement of ...

Saudi Energy Minister Khalid Al-Falih has discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of 2020. In a tweet, he said we confirm that we will continue to hold such meetings and talks between our t

KARUIZAWA: Saudi Energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year. “We hope that we will balance the market before next year. We are working on it,” Falih told reporters on the sidelines of a meeting of ...

ISLAMABAD - The Oil and Gas Regulatory Authority (OGRA) Monday said a new criteria was being finalized for establishment of Oil Marketing Companies (OMCs) and till its approval, a moratorium would remain in place for new set up. The authority, in a statement, informed the general public, consumers ...

Iraq and Saudi Arabia have agreed to work together to stabilize oil markets. During a meeting in Baghdad, Iraqi and Saudi oil ministers also discussed an electricity grid connection between the two countries to meet Iraq’s power needs. Saudi oil minister Khalid al-Falih also met Iraqi Prime ...

President Donald Trump and Saudi King Salman bin Abdulaziz Al Saud have discussed developments in Middle East and oil market issues. In a telephone conversation on Sunday, they discussed bilateral relations and efforts to maintain supplies to ensure the stability of the oil market and ensure the ...

SINGAPORE: Oil markets were stable on Monday, hovering around Friday’s levels as a lack of conclusive market indicators prevented prices from swinging either way.US West Texas Intermediate (WTI) crude futures CLc1 were at $57.33 a barrel at 0105 GMT, up 3 cents from their last settlement.Brent ...

SINGAPORE: Oil markets opened cautiously on Thursday ahead of the outcome of an OPEC meeting in Vienna later in the day, with members set to debate the path for an extension of the group’s supply-cut agreement.The Organization of the Petroleum Exporting Countries (OPEC) will be meeting at its ...

SINGAPORE: Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.Brent crude futures LCOc1, the international ...