oil

OPEC+ showing high level of commitment to current deal: Saudi Arabia's energy minister

Existing tariffs remain in place and much more work needed before accord could be agreed

The visit comes at a time of increasing instability in the Middle East

Deployments include two additional fighter squadrons, supporting personnel and missile defence batteries

NITC says ship was damaged but stable and denied initial reports it had been set ablaze

Both oil benchmarks record their biggest daily rise since September 16

Brent crude, US WTI have fallen more than 20% from April peaks

Unrest in OPEC members Iraq and Ecuador also supports prices

Unrest in Iraq and Ecuador lends some support to crude price

On the supply side, deadly anti-government unrest has gripped Iraq, the second-largest producer among the OPEC

Says move will sustain output, boost producers' margins

US, Chinese officials to meet on October 10-11 in effort to work out deal

Weak US services sector, jobs growth data add to worries about global oil demand

Contraction of industrial output, shift to RLNG dented demand

US crude stocks fell last week by 5.9m barrels against expectations for increase of 1.6m barrels

OGRA, however, recommended reduction of up to 2.6%

Beijing warns of instability in global markets as US considers delisting Chinese firms from its bourses

After being held off the port of Bandar Abbas for more than two months

Also recommends cut of Rs3.23 per litre in diesel rate

Key oil freight rates from Middle East to Asia rocket as much as 28%

In the wake of last month's attacks on oil installations it blames on Iran

Trump signalled resolution to dispute with China might be near

Rouhani doubts the sincerity of the Trump administration to negotiate

US sanctions severely impact Iran's export-reliant economy and fuel people’s miseries

US president criticised Beijing's trade practices at UN General Assembly

Wall Street Journal says repairs at Aramco plants can take longer than anticipated

Saudi Arabia has restored around 75% of crude output lost in Sept 14 attack

The war that has sharpened the rivalry between Saudi Arabia and Iran

Aramco shipping equipment from US and Europe to rebuild damaged facilities

After Iran raises the spectre of "all-out war"

Petroleum minister confirms the terminals will be operational within two to three years

Attacks on Saudi oil sites knock down more than half of crude output

Last time Pakistan imported diesel was a meager quantity of 1,000 tonnes in 2009

US officials talk of unreleased satellite photos showing Iran's Revolutionary Guard making preparations for the attack

American petroleum producers seem neither ready, nor willing to fill void and capture market share

Washington blames Iran for the attack

Trump says that Tehran is secretly cheating, trying to build nuclear weapons and must be stopped

Reserves were also found in Sanghar district of Sindh earlier this year

Market already trading in negative territory after record gains fuelled by attacks on Saudi facilities

Trump says he has not made commitments to protect the Saudis

Amid tensions, Trump reverts to his reality show rhetoric and claims that the US is ‘locked and loaded’

Drone attacks on two major oil facilities

Ministry says The government will do its best to stabilize the demand and supply situation and prices

It is the first time the US president has hinted at a potential American military response to the attack

It led to the interruption of about 50 per cent of total production

Oil holds around $60 as U.S.-China trade hopes support

Maintains growth estimate for global oil demand at 1.1 million bpd in 2019

Prices have risen more than 7% this month, supported by declines in global inventories

US crude stockpiles fell last week by more than twice the amount

Prince Abdulaziz says pillars of Saudi policy will not change and OPEC+ deal will survive