Putin says ‘impossible’ to isolate Russia, vows gas and oil supply cuts
- 08-Sep-2022
Russian President Vladimir Putin said Wednesday it was “impossible” to isolate Moscow and vowed to cut gas and oil deliveries to countries imposing a price cap on supplies. Speaking at an economic forum, over six months after Moscow sent troops into Ukraine, the Russian leader sought to pivot towards allies in Asia, the Middle East […]
Oil heads for weekly loss as recession fears trump tight supply
- 08-Jul-2022
Oil rose in volatile trade on Friday but was still heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. Central banks are raising interest rates to tame inflation, spurring fears that rising borrowing costs could stifle growth, while mass COVID-19 testing in Shanghai this week stoked fears […]
Oil rises from 3-week low as tight supply concerns linger
- 07-Apr-2022
Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supply still clouding the market outlook. Brent crude futures climbed $1.48 or 1.5%, to $102.55 a barrel at 0442 GMT, while U.S. West Texas Intermediate […]
Saudi Arabia to supply oil worth $3.2bn per year on deferred payments: Hafeez Shaikh
- 22-May-2019
Prime Minister's Advisor on Finance Dr Abdul Hafeez Shaikh here on Wednesday said that Saudi Arabia will supply oil worth $3.2 billion per year to Pakistan on deferred payments for three years.
Oil supply drops as Iran sanctions bite: IEA
- 16-May-2019
Tensions have been mounting in recent days after the mysterious sabotage of several tankers in the Gulf