supply

KARACHI: In a reply to the letter of Federal Energy Minister Awais Leghari, Sindh Chief Minister Syed Murad Ali Shah on Saturday said the Karachi Water & Sewerage Board (KW&SB) has a claim of about Rs18 billion against various…

LONDON: Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. crude inventories and a weaker U.S. dollar. The Organization of the Petroleum Exporting…

LONDON: Oil prices fell more than 1 percent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fueled concerns that the global glut will persist.

SINGAPORE: Oil turned higher in Asia Wednesday, but the US benchmark remained below $44 a barrel as a pick-up in the dollar and rising Iranian crude production limited gains, while traders await the release of inventories later in the day.

PARIS: The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said Friday, noting oil's "remarkable recovery" over recent weeks.

KARACHI: Several areas of Karachi suffered acute water shortage after water level in Hub Dam reached a ‘dead level’.

LONDON: Oil prices dipped Monday as the rally sparked by prospects of a cut to the global supply glut faded.

SINGAPORE: Crude fell back below $30 a barrel in Asia Tuesday as worries about the global supply glut returned to the fore, following a two-day rebound.