oil

Naimi, one of the most powerful figures within the OPEC oil cartel

District court in The Hague ruled that international PCA 'not competent' to rule in the matter

Journey of a company from an unknown entity to becoming largest petroleum marketer

Falling oil prices are not the sole cause of the falling inflation rate

Hopes for a deal at the gathering in Doha led by Russia and Saudi Arabia had been a major driver of a rally in prices

Prices were lifted by a sharp drop in the dollar and revived optimism

The 1973-74 oil embargo was the first demonstration that the House of Saud was willing to weaponize the oil markets

The pick-up in oil prices this week comes after crude recently wallowed near 13-year lows below $30 a barrel

Car sales are soaring in China and India, where a combined 3 million new cars come to market every month

Iran has increased production since a deal with Western powers ended sanctions over its controversial nuclear program

The province is producing half of the total national oil output while pumping out 10% of the gas

Oil prices have tumbled about 70 percent since June 2014, hit by oversupply and sluggish demand

Saudi Arabia's oil minister Ali al-Naimi and his Russian counterpart Alexander Novak will meet in Doha

The plunge in oil prices to around $30 a barrel from over $100 two years ago is causing major problem

The deputy head of the National Iranian Oil Co said foreign companies would be invited in May to bid for new contracts

Continuing worries about a supply glut, weak demand and the slowing global economy returned to the fore

FIA arrests seven OGDC officials and two contractors

Under the reforms, parts of the national health care system would be converted into independent commercial companies

Conspiracy theorists believe the US is producing more oil than it needs to undermine Russia

Posts loss of Rs20.55b in nine months of 2015.

Oil income accounts for more than 90 per cent of public revenues in Saudi Arabia

US Treasury Department official says militants selling as much as $40 million a month of oil at the installations

Turkey has already dismissed the accusations and the president's son Bilal added his voice to the many denials

The decision by the OPEC oil producers weighs heavy on market

Russia claimed it has proof that Erdogan and his family were benefitting from smuggling oil from IS-held territory

Moscow and Ankara have been locked in a war of words since last week

Oil Minister Zanganeh opened a two-day conference in the capital attended by BP, Shell, Total, ENI, Repsol and OMV

Low oil prices have forced Gulf states to introduce measures to cut spending and boost non-crude revenues

They are seeking to switch to the 2012 petroleum policy

MD says geopolitical conditions favourable for capital injection

Both companies post lower earnings in 1QFY16

This is the second successful discovery in the block

European benchmark Brent oil for September delivery gained 48 cents to $49.66 a barrel in London

Prices of petrol cut by Rs1.03, while price of High Speed Diesel cut by Rs2.06

The oil giant also announced a slide in profits, a further cut to investment and the sale of Japanese operations

The final decision on oil prices is expected to be taken by the Prime Minister on Friday