oil

It will ease financial woes of oil marketing firm as its receivables soar to Rs456b

OPEC+ sticks to existing deal for May output

Development comes after recent attacks by Yemeni rebels on Saudi oil facilities, according to KSA state news agency

Increase in vaccinations, revival in economic activity lift prices

Oil and gas deposits found in Khyber-Pakhtunkhwa well

Prices of petrol and high speed diesel remain unchanged

Weathers concerns over slowing demand due to spread of Covid variants

Oil falls on US crude stock build

Move will lead to increase in production, less reliance on imports

Oil rises on inventory drawdowns

Close on the heels of the federal budget

Oil edges up but on track for weekly drop

Brent crude oil futures rose 29 cents to $73.72 a barrel

For a second fortnight in a row, the incumbent govt raise the prices of various petroleum products

Senate panel told policy will attract huge investment in refining sector

About 1,040 Trump-era sanctions will be lifted under the agreement, says outgoing president’s chief of staff

Oil tumbles 3% from multi-year highs

Rise in oil prices

Gains were capped by coronavirus situation in major oil consumer India

Four rescue teams rush to scene to douse fire

Plans to lift output on expectations of growth rebound

As long as fossil fuels are burnt, there would be a relentless march toward our extinction caused by climate change

The Joint Technical Committee forecasts oil stocks dipping below the 2015-2019 average in August

Videos shared on social media show huge flames engulfing the facility, while a large explosion can also be heard

The 400-metres long Ever Given remains stuck as the process to free the vessel may take weeks amid bad weather

Saudi’s defence ministry says it plans to take deterrent actions to protect oil export facilities

Germany, France plan to suspend AstraZeneca Covid-19 vaccinations, deepening concerns about economic recovery

Output drops due to depletion of reserves, no big find in a decade

Gains capped by wage deal in Norway that averted supply disruptions in Europe

Russian deputy PM says market is recovering and price could average $45-60 per barrel this year

OPEC lowers demand forecast; IEA says market remains oversupplied

IEA says global oil supply is still outstripping demand over Covid-19 lockdowns and spread of virus variants

Brent crude has risen for nine sessions in a row, its longest sustained period of gains since Jan 2019

Saudi Arabia is curbing supply in February and March prompting forecasts of supply deficit this year

Both contracts rose to their highest levels since January 2020

Pakistan has one of the cheapest prices for petroleum products for non-oil producing countries in the region

Vaccine rollout fuels hopes of easing of lockdowns, boosting oil demand

OPEC expects output reduction to keep market in deficit throughout 2021

Democrats’ advance toward Biden’s proposed $1.9tr coronavirus plan bolsters market

Both major crude oil contracts rose more than 2%

Sindh is still largest contributor of oil and gas in Pakistan

Benchmark index falls 137.09 points to settle at 46,248.45

Analyst expects Brent crude to hit $60 a barrel by mid-year

Saudi Arabia is set to cut output by 1m bpd in February and March

Huge 10m-barrel decline in US crude inventories supports prices

Benchmark KSE-100 index gains 170.75 points to settle at 46,458.13

In focus will be results of US Federal Reserve’s two-day policy meeting

Prices tick up alongside European shares, after Saudi blast reports

Indonesian coast guard seized two vessels over suspected illegal fuel transfers

China reports fresh new cases casting a pall over demand prospects in the world’s largest energy consumer