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China and Saudi Arabia inch closer further as President Xi to visit Kingdom
7 Dec, 2022
Chinese President Xi Jinping will make a three-day visit to Saudi Arabia this week, meeting the king and de facto ruler of the world’s biggest oil exporter, Saudi state media reported on Tuesday. Xi, head of the world’s number-two economy, will also attend a summit with rulers from the ...
International oil prices hit lowest level of the year
28 Nov, 2022
Oil prices fell on Monday with Brent crude falling near its lowest level since January 4th, 2022. The world’s most traded commodity fell as low as $80.78 as concerns about the outlook for fuel demand added to the downward trend that initially spiked last week. It is currently on track to post a ...
US President gives a cold shoulder to Saudi Crown Prince MBS
15 Nov, 2022
British Prime Minister Rishi Sunak called Tuesday for efforts to stabilise oil markets in talks with Saudi Arabia's crown prince, who was shunned by US President Joe Biden over an output cut. The new British prime minister met separately with Crown Prince Mohammed bin Salman, the oil-rich ...
Russia lobbies with Middle East countries for Iran Nuclear Deal
14 Mar, 2021
From March 8 - 12, Russian Foreign Minister Sergey Lavrov toured the United Arab Emirates (UAE), Saudi Arabia and Qatar to discuss regional and international issues. The tour began with the UAE, where Lavrov met the Crown Prince and de facto ruler Mohammed bin Zayed Al Nahyan; the country's ...
US to impose new sanctions against Chinese state owned Oil Giant CNOOC
30 Nov, 2020
Chinese state-controlled oil giants crashed link in Hong Kong trading after Reuters reported on Monday that the Trump administration was poised to add China’s top offshore oil and gas producer to a sanctions list, threatening to cripple its international operations. CNOOC slumped as much as ...
Pakistan receives $3.79 billion loans and grants
22 Sep, 2020
ISLAMABAD - Pakistan has received more than $3 billion grants and loans from various international donors and countries during the Corona pandemic. Various international donors, countries have pledged total of $3.794 billion budgetary support loans, project financing loans and grants during the ...
OPEC daily basket price stands at 44.87 USD per barrel
10 Aug, 2020
ISLAMABAD- VIENNA,The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 44.87 U.S. dollars a barrel on Friday, compared with 45.17 dollars per barrel on Thursday, according to OPEC Secretariat calculations released on Monday. Also known as the OPEC ...
OPEC daily basket price increases to 44.02 USD per barrel Aug 04, 2020
4 Aug, 2020
ISLAMABAD-VIENNA,The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 44.02 U.S. dollars a barrel on Monday, compared with 43.02 dollars on Friday, according to OPEC Secretariat calculations released Tuesday. Also known as the OPEC reference basket of crude ...
OPEC daily basket price stands at 43.38 USD per barrel, July 27, 2020
27 Jul, 2020
ISLAMABAD-VIENNA,The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 43.38 U.S. dollars a barrel on Friday, compared with 44.62 dollars per barrel on Thursday, according to OPEC Secretariat calculations released ...
OPEC daily basket price stands at 43.22 USD per barrel, July 20, 2020
20 Jul, 2020
ISLAMABAD-The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 43.22 U.S. dollars a barrel on Friday, compared with 43.80 dollars per barrel on Thursday, according to OPEC Secretariat calculations released on Monday. Also known as the OPEC reference ...
