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…
ISLAMABAD: The ministries of Finance and Petroleum opposed a recommendation to reduce the price of petroleum products by as much as Rs. 5.45.
WASHINGTON: The U.S.-led coalition fighting Islamic State conducted 11 air strikes in Iraq and three in Syria on Monday, according to the task force organizing the operation.
SINGAPORE: Oil fell in Asian trade on Friday after major producer Saudi Arabia slashed the price of the crude it sells to Asia and the United States, analysts said.