Friday, July 5, 2024

Oil

Pakistan Govt okays $400m venture in oil exploration sector in UAE

The Pakistan government allowed a $400 million conglomerate to go for an oil exploration attempt in Abu Dhabi, UAE.

China to establish $15b oil refinery in Pakistan

A syndicate of Chinese state-owned companies has offered to establish an oil refinery worth $15 billion in Pakistan.

Aramco to set $10B refinery, masterplan for Gwadar Oil city to be ready soon

The plant will take five to six years to be fully commissioned and will process 250,000 to 300,000 barrels a day

Petrol price reaches Rs 68.4 per litre after Rs 1.77 hike

Petrol prices are up by Rs 1.77 per litre anHigh-Speeded Diesel by Rs2 per litre, Ishaq Dar Ministry of Finance has announced hike in petrol prices by Rs 1.77 per litre and High Speed Diesel (HSD) by Rs2 per litre,...

Shell to cut 10000 jobs as profit plunge by 80 per cent

Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years. Royal Dutch Shell became the latest big energy company to file a damage report on the impact of depressed oil...

Oil dives below $33 — the lowest price in 11 years

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely. Evidence of slowing economic growth in China...

Oil prices down in Asia

SINGAPORE: Oil prices were down in Asia Wednesday as investors waited for the results of a US central bank meeting and a closely-watched report on crude inventories in the world's biggest economy.Worries over the Chinese economy after a rout...

Latest News

Nearly 30,000 people evacuated as Northern California wildfires spreads amid heatwave

Raging wildfires in northern California has forced nearly 30,000 residents to evacuate as the state endures a brutal heatwave.