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Crude Oil

US oil boom delivers surprise for traders — and it’s costly

3 months, 3 days ago
LONDON/NEW YORK: The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of US light crude to benchmark Brent in just a month, as surging US production upends the market. Trading desks of…

Oil prices rise as looming Norway strike adds to disruptions

3 months, 8 days ago
TOKYO: Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. Brent crude added 55 cents, or 0.7 per…

Saudi Arabia says $60 oil ‘not unthinkable’ by year-end

2 years, 8 days ago
ISTANBUL: Saudi Arabia said on Monday it was "not unthinkable" that the price of crude oil could surge to $60 a barrel by the end of the year but warned against drastic production cuts that might shock markets. Speaking in the opening…

Oil prices mixed after King Abdullah's death

3 years, 8 months ago
NEW YORK: Oil prices traded narrowly mixed Friday after the death of the king of Saudi Arabia, OPEC's largest oil producer, and on concerns about unrest in Yemen.

NEPRA slashes per unit power cost

3 years, 10 months ago
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has slashed Rs. 0.47 per unit on electricity, ARY News reports on Monday.