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oil

Oil prices ease as trade row clouds demand outlook

BEIJING: Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran. Brent crude oil futures LCOc1…

Oil prices climb as Iran sanctions loom

SINGAPORE: Oil prices rose on Tuesday amid looming US sanctions against Iran’s petroleum industry, despite efforts by Washington to get other major suppliers to make up for the expected disruption. U.S. West Texas Intermediate (WTI)…

Oil deposits discovered in Punjab

KARACHI: Pakistan Petroleum Limited (PPL) has announced discovery of fresh oil deposits in exploratory well in Talangan X-1 located in Chakwal district, Punjab. According to PPL, an oil discovery has been made from an exploratory well in…

Saudi wealth fund bets big to remake oil-based economy

RIYADH: With the stock market listing of its national oil company stalled, Saudi Arabia is scrambling to boost the coffers of the sovereign wealth fund spearheading a risky plan to diversify its economy. The Public Investment Fund had…