West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were up 99 cents, or 1.39%, at $72.05 a barrel. Analysts said the bounce was partly a reaction to a potential hurricane in the U.S. Gulf Coast. A weather system in the southwestern Gulf of Mexico […]
Brent crude futures for November fell 37 cents, or 0.5%, to $73.38 by 0330 GMT, after the previous session’s fall of 4.9%. U.S. West Texas Intermediate crude futures for October were down 41 cents, or 0.6%, at $69.93, after dropping 4.4% on Tuesday. Both contracts fell to their lowest since December on signs of a […]
The Oil and Gas Regulatory Authority (OGRA) has sent a letter to the DG Oil Petroleum Division, revealing conflicts in oil stock figures. While refineries reported having 770,000 tons of diesel as of August 30, OGRA’s figures suggest actual reserves are 664,000 tons. Refineries claim reserves of 759,000 tons, but OGRA asserts that the accurate […]
Brent crude futures for October delivery, which expire on Friday, settled $1.14 lower, or 1.43%, at $78.80 a barrel, marking a decline of 0.3% for the week and 2.4% for the month. U.S. West Texas Intermediate crude futures settled down $2.36, or 3.11%, to $73.55, a drop of 1.7% in the week and a 3.6% […]
Brent crude futures climbed 37 cents, or 0.5%, to $79.39 a barrel by 2300 GMT while U.S. crude futures were at $75.19 a barrel, up 36 cents, or 0.5%. In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as […]
According to the Pakistan Petroleum Information Service, the country’s oil production has decreased by 24,000 barrels per day over the past 10 years. In 2015, the daily oil production was 94,500 barrels, which dropped to 70,500 barrels in 2024. Similarly, gas production has also seen a decline of 900 million cubic feet per day over […]
Brent crude futures gained 97 cents, or 1.27%, to $77.27 a barrel by 0354 GMT, while U.S. West Texas Intermediate crude futures climbed $1.14, or 1.56%, to $74.08. On Monday, both benchmarks fell about 1% against a backdrop of falling global stock markets. Oil’s slide was limited by mounting concerns that Iran, a key Middle […]
Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or 3.66%, at $73.52. Both benchmarks fell by more than $3 per barrel at their session lows. U.S. job growth slowed more than expected in July and unemployment increased to 4.3%, raising fears of […]
the minister said that Azerbaijan was particularly interested in the mineral sector, including oil and gas. The minister said that the Central Asian country was focusing on the oil and gas exploration sector, noting their keen interest in expanding investments in the LNG sector as well. The prime minister is eager to increase economic cooperation […]
The meeting was presided over by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at the Finance Division, according to a press release issued here. The meeting was attended by the Minister for Petroleum Musadik Masood Malik, Minister for Power Sardar Awais Ahmad Khan Leghari, Minister of State for Finance & Revenue Ali Pervez […]
