Iran taking lead in developing joint oil field with Iraq, currently producing 50,000 per barrels of crude oil
TEHRAN: Iran has taken lead in developing joint oil field with Iraq and currently producing 50,000 per barrels of crude ...
Tag: crude oil
Iraq sets new crude oil export record of 2.94m barrel per day
BAGHDAD: Iraq’s crude oil exports reached 2.94 million b/d in December; a new record high, taking the country’s 2014 monthly ...
Crude oil value dips 0.46% to Rs3,055 per barrel
LONDON: Crude oil futures value declined by another 0.46 per cent to Rs. 3,055 per barrel, as investors engaged in ...
Crude oil value increases in thin Asian trading
SINGAPORE: Oil value increased on Friday in thin Asian trading during the first session of the New Year, as dealers ...
Lifting 40 years ban: US now ready to export oil
NEW YORK: The Obama administration has decided to lift a ban on crude oil exports introduced in the 1970’s. The ...
Iraq oil exports via pipeline through Turkey reach 32.2m barrels
BAGHDAD: Iraq exported a total of 32.2 million barrels of oil to world markets via a Kurdish-built pipeline going through ...
Import duty on crude oil raised to 7.5pc, refined oil to 15pc in India
INDORE: Indore based Soybean Processors Association of India (SOPA) has welcomed the hike in Import duty on edible oils, both ...
Crude oil plunges 5-1/2yrs low to $57 per barrel
LONDON: Crude oil fell to a new 5-1/2-year low near $57 per barrel on Tuesday, following persistent fears about a ...
Oil prices fall to $53.61/barrel, lowest since May 2009
NEW YORK: The prices of crude oil have fell to a five-year low as according to experts, slower economic conditions ...
Crude oil raises to $60 per barrel amid trouble in Libya
LONDON: Brent crude oil rose to $60 per barrel on Monday, supported by concerns about disruption to output from Libya, but a global ...
1.8 million barrels surplus causing free-fall of oil prices: Kuwait Oil Minister
KUWAIT: Kuwait's oil minister has said that he expected the prices of crude oil would pick up in the second ...
China commodity, crude oil import decline; overseas shipments rise 4.7%
SHANGHAI: The unexpected decline in import of crude oil and commodity price of China but the trade surplus climbed. Overseas ...
OGDCL share price cut by Rs40-50 on declining oil rally
ISLAMABAD: The price of Oil and Gas Development Company Limited (OGDCL) share has decreased by Rs40 to Rs50, owing to ...
Pak rupee remains steady against US dollar
KARACHI: Pakistani rupee remained stable against US dollar both in open market and interbank on Monday, the first trading day. ...
US dollar increases to Rs103.45, crosses SBP barrier
KARACHI: Crossing the barrier set by the State Bank of Pakistan (SBP), the US dollar increased to Rs103.45 at a ...
Pakistan’s imports up by 12.01pc to $12.5b in July-Sept
ISLAMABAD: The country’s total import bill increased by 12.01 per cent and reached $12.519 billion during the first quarter of ...
UAE okays $13.35b deficit-less budget
ABU DHABI: The United Arab Emirates (UAE) cabinet has approved the country’s deficit-less AED49 billion ($13.35 billion) budget for fiscal ...
Reduction in oil prices
As oil prices fell in global market due to steady supply and stronger dollar, the federal finance ministry has also ...
Crude oil prices slide on increase in supply
NEW YORK: The government data showed that oil prices in US has decreased as the domestic oil supply rose unexpectedly ...
