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US to overtake Saudi Arabia as crude oil producer: IEA

PARIS: The United States are set to overtake Saudi Arabia as the world's number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday.…

Govt announces Rs 1 hike in petrol, diesel prices

DUBAI: Finance Minister Ishaq Dar on Friday announced increment in prices of petroleum products here in a press conference, ARY News reported.  While addressing a press conference, the finance minister announced increment of Rs. 1 per…

Oil rises as OPEC-led output cuts trim oversupply

LONDON: Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 45 cents higher…