OGRA proposes cut in petroleum products up to Rs44.07 per litre

If approved, the new prices will come into effect from May 1.

US oil falls below $11 as fund sells off holdings

US oil falls below $11 as fund sells off holdings.

Oil falls on storage woes in virus-hit market

US benchmark West Texas Intermediate dropped 9.3 percent to $15.36 a barrel in Asian morning trade.

Oil prices gain on US-Iran tensions, mixed day for global stocks

Oil prices jumped again Thursday on rising US-Iran tensions, lending support to equity markets.

Oil extends gains, but still under pressure from virus

Oil extends gains, but still under pressure from virus

Oil plunges again as virus ravages energy markets

Brent dropped 12.31 percent to $16.98 a barrel, extending heavy losses from a day earlier.

US oil bounces after crash but Asia stocks suffer big losses

West Texas Intermediate for May delivery was changing hands at $1.10 a barrel.

US to add 75 mn barrels of oil to strategic reserve: Trump

We are filling up our national petroleum reserves... You know, the strategic reserves: Trump

Oil prices collapse on storage fears, Asia equities mixed

Oil prices collapse on storage fears, Asia equities mixed

US crude falls below $15 a barrel as virus throttles demand

US crude crashed to below $15 a barrel on Monday, its lowest level for over two decades.

Oil climbs as Trump lays out reopening of virus-hit US

Oil markets tracked a rise in Asian stock markets and on Wall Street overnight.

Oil near 18-year lows on demand devastation warning

Oil near 18-year lows on demand devastation warning

Oil rebounds as traders weigh output cut deal

Oil rebounded in Asian trade Wednesday following sharp falls the day before.

Oil prices rise as Trump flags deeper output cuts

US benchmark West Texas Intermediate rose nearly 2 percent to trade at $22.85.

Oil rallies as top producers agree massive output cuts

Top oil producers Sunday agreed to slash output and shore up coronavirus-ravaged energy markets.

Top oil producers agree on record output cuts

Top oil-producing countries agreed to record output cuts in order to boost plummeting oil prices.

Oil prices, virus, instability put Algeria on edge

Oil cartel OPEC announced that major producers had proposed to cut output between May and June.

G20 ministers vow to calm oil markets but quiet on output cuts

G20 energy ministers pledged to work together to ensure oil "market stability".

Top oil producers except Mexico agree to output cuts: OPEC

Mexican Energy Minister Rocio Nahle tweeted that her country had suggested cut of 100,000 barrels.

Oil rises as top producers move towards deal

Oil rises as top producers move towards deal

Oil rebounds as hopes grow for output cut deal

US benchmark West Texas Intermediate was up 5.7 percent to $24.98 a barrel in morning Asian trade.

Oil prices fall as doubts grow over output cut deal

International benchmark Brent crude was down 4.3 percent to trade at $32.64 per barrel.

Oil price barrels ahead as OPEC flags meeting

OPEC oil producers and their allies will meet Monday via video conference.

Oil rebounds on hopes of US intervention to end price war

Oil rebounded in Asian trade Thursday on hopes for a US intervention to end Saudi-Russia price war.

Oil subdued in Asian trade

In early Asian trade, US benchmark West Texas Intermediate (WTI) was trading at $20.77 a barrel.

Oil prices slide on shattered demand, stocks mostly rise

Oil prices plunged to an 18-year low as number of coronavirus cases worldwide surged past 750,000.

Oil prices slump as virus crisis worsens

US benchmark West Texas Intermediate fell 3.9 percent to trade at $20 a barrel.

Oil prices rally on US stimulus package

US benchmark West Texas Intermediate rose 2.3 percent to trade at $23 a barrel.

Oil prices slip as US stimulus vote delayed

US benchmark West Texas Intermediate was down 1.5 percent, changing hands for about $24 a barrel.

Oil prices rally on hopes for US stimulus

International benchmark Brent crude was up 2.9 percent to trade at nearly $28 per barrel.

Oil prices fall as US economic package crashes

Prices have fallen in recent weeks as lockdowns and travel restrictions to fight virus hit demand.

Asia shares bounce after rout, rush for dollars causing stress

Asia shares bounce after rout, rush for dollars causing stress.

Oil prices rebound after ECB launches virus measures

Oil prices rebounded strongly Thursday a day after US crude hit its lowest level for 18 years.

Oil prices rebound on hopes for virus stimulus

Oil prices rebounded in Asian trade Wednesday from heavy losses.

Late Wall Street rally leads global stocks higher; oil also jumps

Late Wall Street rally leads global stocks higher; oil also jumps.

Oil bounces 5% but set for biggest weekly thumping since 2008

Oil bounces 5% but set for biggest weekly thumping since 2008.

Bloodbath at PSX as KSE-100 Index sheds over 1716.56 points

Pakistan Stock Exchange sheds over 1716.56 points.

Oil slumps as U.S. bans travel from Europe over pandemic

Oil slumps as U.S. bans travel from Europe over pandemic.

Saudi to boost oil output capacity by 1 mn barrels per day: Aramco

Saudi to boost oil output capacity by 1 million barrels per day: Aramco.

Oil prices seesaw in early Asian trade

West Texas Intermediate fluctuated between small losses and gains, with price around $34 a barrel.

Dollar gains Rs1.12 in interbank market, PSX recovers

Dollar gains Rs1.12 in interbank market, PSX recovers.

Oil prices claw back ground after crash

Oil prices surged more than six percent in Asian trade Tuesday following heavy losses a day earlier.

Falling oil prices to bring tremendous economic benefits: Nadeem Babar

The Special Assistant said that benefits would become apparent within a month

Oil prices fall by about 30pc as Saudi Arabia declares price war amid coronavirus

Brent crude futures were down $13.29, or 29%, at $31.98 a barrel by 0433 GMT.

Oil down about 20 percent after Saudi price cuts

Oil plunged about 20 percent Monday after top exporter Saudi Arabia made deep price cuts.

Saudi Arabia slashes April crude oil prices

Oil prices plunged 10% as the development revived fears of a 2014 price crash.

Oil takes biggest daily dive in over a decade as Russia, OPEC split

Brent futures LCOc1 had their its biggest daily percentage fall since December 2008, down $4.72.

Oil rises as OPEC+ moves closer toward deeper output cut

Brent crude LCOc1 rose by 58 cents, or 1.12%, to $52.44 a barrel at 0212 GMT.

Oil bounces from multi-year lows as hopes of OPEC+ cut

Brent crude LCOc1 was at $50.32 a barrel, up 65 cents, or 1.3%, by 0105 GMT.

Oil prices fall again, on track for biggest weekly drop in over 4 years

Oil prices fall again, on track for biggest weekly drop in over 4 years.

Oil falls for fifth day on demand concerns as coronavirus spreads

Oil falls for fifth day on demand concerns as coronavirus spreads.

Oil rises on short-covering despite growing fears over coronavirus

Oil rises on short-covering despite growing fears over coronavirus.

Oil prices tumble over 2pc on demand concerns

Brent crude fell by $1.42, or 2.4%, to $57.08 a barrel by 0552 GMT.

Oil rises on supply worries, while virus-led demand concerns ease

Brent crude futures LCOc1 rose 45 cents, or 0.8%, to $59.57 a barrel by 0208 GMT.

Oil inches higher, but gains capped by widening economic impact of coronavirus outbreak

Brent crude LCOc1 was up by 6 cents at $57.81 a barrel by 0149 GMT.

Oil prices slip as coronavirus concerns linger

Brent crude LCOc1 was at $57.30 a barrel, down 37 cents, or 0.6%, by 0126 GMT.

Oil prices steady as coronavirus-related demand concerns weigh

Brent crude LCOc1 was at $56.99 a barrel, down 33 cents by 0121 GMT after rising 5.2% last week.

Oil rises over 1pc on hopes demand will rebound from coronavirus effect

Brent crude LCOc1 rose 98 cents, or 1.74%, to settle at $57.32 a barrel.

Oil rises for third day as coronavirus impact may spur output cuts

Brent crude LCOc1 rose 17 cents, or 0.3%, to $55.96 per barrel at 0217 GMT.

Oil gains 1pc as short-sellers take profit; investors still wary over coronavirus

Brent crude LCOc1 rose 79 cents, or nearly 1.5%, to $54.06 a barrel by 0216 GMT.

Oil falls 1pc as Russia needs time to mull more OPEC+ supply cuts

Brent crude LCOc1 futures lost 46 cents, or 0.8%, to settle at $54.47 a barrel.

POL products' consumption stood at 20.03MT in FY2018-19

The HSD oil storage capacity was expanded from 1,222,283 MT to 1,342,251 MT.

Oil prices rebound from China virus slump amid ginger recovery across markets

Brent crude was at $54.66 a barrel by 0227 GMT, up 21 cents, or nearly 0.4%.

Oil falls as virus death toll climbs, U.S. stocks grow

Brent LCOc1 was down 35 cents, or 0.6%, at $59.46 a barrel by 0225 GMT.

Oil rises as investors take stock of economic hit from virus

Brent crude LCOc1 rose 33 cents, or 0.6%, to $59.84 a barrel by 0103 GMT.

Oil falls for sixth day as China virus spreads

Brent crude LCOc1 was down 15 cents, or 0.3%, to $59.17 at around 0114 GMT.

Norway court to rule in Arctic oil drilling case

The court is expected to either confirm or dismiss a 2018 ruling by a lower court.

Oil falls again as ample global supply seen offsetting Libyan outage

Brent crude LCOc1 was down 13 cents, or 0.2%, at $64.46 a barrel at 0119 GMT.

Oil prices ease as supply risk concerns fade

Brent crude LCOc1 was trading down 30 cents, or 0.5%, at $64.90 per barrel by 0318 GMT.

Oil rises as Libyan oilfields shut down

Brent crude LCOc1 futures were up by 75 cents, or 1.2%, to $65.60 by 0109 GMT.

Oil prices rise as China agrees to more U.S. energy purchases

Brent LCOc1 was 33 cents, or 0.5%, higher at $64.33 a barrel by 0118 GMT.

Oil prices slip on concerns U.S.-China trade deal may not boost demand

Brent crude LCOc1 was down 21 cents, or 0.3%, at $64.28 per barrel by 0206 GMT.

Oil falls 1pc as focus shifts to high U.S. fuel stocks

Brent crude LCOc1 settled down 78 cents at $64.20 per barrel.

Saudi Arabia committed to oil market stability: Energy Minister Abdulaziz

A U.S.-China trade deal is due to be signed in Washington on Wednesday.

Oil prices fall further as threat of Middle East war recedes

Oil prices fall further as threat of Middle East war recedes.

Stocks, gold and oil whipsawed as Iran strikes spark fears of wider Mideast war

Stocks, gold and oil whipsawed as Iran strikes spark fears of wider Mideast war.

Oil spikes, stocks plunge after Iran attacks

Oil prices spiked up to 4.53 percent after Iran launched missile attacks on US forces in Iraq.

Oil back on the boil

Any conflict and surging oil prices risk snuffing out the nascent global economic recovery.

Oil, safe havens surge after U.S. strikes kill Iran commander

Brent settled $2.35 higher at $68.60 after rising as high as $69.20.

Oil prices surge after US strike kills Iranian general

Oil prices surge after US strike kills Iranian general.

Oil climbs on U.S.-China trade optimism, Middle East tensions

Oil markets were closed on Wednesday for New Year's Day.

Oil prices steady, on track for biggest yearly rise since 2016

U.S. West Texas Intermediate (WTI) crude for February CLc1 was down 3 cents at $61.65.

Oil edges up on trade optimism, eyes on MidEast tensions

Mass protests have gripped Iraq since Oct. 1.

Joint Saudi, Kuwaiti oil field expected to produce 320,000 bpd by end-2020

Oil output in the Neutral Zone is divided equally between Saudi Arabia and Kuwait.

Oil climbs, lifted by U.S.-China trade deal hopes, OPEC cuts

Brent crude was up 16 cents, or 0.2%, at $67.36 a barrel by 0155 GMT.

Kuwait and Saudi Arabia strike deal on shared oilfields

The Gulf neighbours halted production at the Khafji and Wafra fields.

Oil prices inch higher amid support for supply cuts, lower inventory forecast

Cooperation with the OPEC would continue "until the market requires it," Novak added.

Rs288.103 million released for 6 petroleum projects

An amount of Rs4.220 million has been provided to explore coal in Nosham and Bahlol areas.

Oil prices down but log third weekly rise on trade hopes

Brent LCOc1 crude futures settled at $66.14 a barrel, down 40 cents, or 0.6%.

Oil dips after U.S. stock build, but demand hopes support

West Texas Intermediate (WTI) crude futures CLc1 fell 31 cents, or 0.51%, to $60.63 per barrel.

Oil hovers near three-month high on trade optimism, supply cuts

Brent crude oil futures LCOc1 had slipped by three cents to $65.31 a barrel by 0122 GMT.

Oil prices gain as OPEC revises deficit forecast

Brent futures LCOc1 rose 24 cents, or 0.4% to $63.96 a barrel by 0242 GMT.

Mammoth field fires up Norway's oil industry

The site is run on electricity from land, supplied by a 160-kilometer (100-mile) underwater cable.

Oil prices slip on surprise U.S. crude inventory build

Brent futures LCOc1 fell by 37 cents, or 0.6%, to $63.97 per barrel by 0121 GMT.

Oil prices slip again as spectre of trade war, demand concerns haunts market

Brent futures were down 11 cents, or 0.2%, at $64.14 per barrel by 0204 GMT

Strategy afoot to construct gas storage facilities, increase oil stock capacity

The storage capacity for both the MS and HSD oil increased from 1,712,691 MT to 1,936,550 MT.

OPEC and allies prepare to deepen oil output cuts

OPEC+ has curbed supply since 2017 to counter booming output from the United States.

Oil rises before OPEC+ meet, lifted by drop in U.S. crude stocks

Brent crude LCOc1 futures were up 35 cents, or 0.6%, at $61.17 a barrel by 0246 GMT.

Oil rises for a second day as Saudi Arabia pushes supply cut

Brent futures LCOv1 rose 19 cents, or 0.3%, to $61.11 a barrel by 0218 GMT.

Oil rises over 1pc on hopes for deeper OPEC cuts, Chinese factory growth

Brent crude futures rose 76 cents, or 1.3%, to $61.25 a barrel by 0415 GMT.

Pakistan sticks to Euro 2 Petrol when world consuming Euro 6

Euro 2 is quite hazardous for human health too besides proper functioning of vehicles' engines.

Oil drops as U.S. inventory build, record output rekindles supply worries

Brent crude futures were down 16 cents, or 0.3%, at $63.90 a barrel by 0141 GMT.

Strategy afoot to construct gas storage facilities, increase oil stock capacity

Under the strategy, a feasibility study has been started to set up the storage facilities.

Oil dips after U.S. stock build; U.S.-China deal hopes support

International benchmark Brent crude futures LCOc1 dropped 19 cents, or 0.3%, to $64.08 a barrel.

Oil prices steady amid hopes for U.S.-China trade deal

Brent crude futures LCOc1 were down 1 cent at $63.64 at 0121 GMT.

Oil kicks off week with gains on fresh hopes for U.S.-China trade talks

West Texas Intermediate (WTI) crude CLc1 rose 10 cents, or 0.17% to $57.87 a barrel by 0220 GMT.

OGDCL discovers huge oil and gas reserves in Sindh

In October, the company discovered oil and gas reserves at its Exploratory Well Tog number 1.

Oil pulls back from two-month highs on China trade worries

Brent crude futures LCOc1 eased 58 cents to settle at $63.39 a barrel.

Oil dips on worries U.S.-China trade deal could slip to next year

Brent crude futures LCOc1 fell 25 cents, or 0.4%, to $62.15 a barrel by 0138 GMT.

Oil prices steady after two-day drop as growth concerns weigh

West Texas Intermediate crude futures CLc1 rose 11 cents, or 0.2%, to $55.32 a barrel by 0252 GMT.

Oil rises on decline in U.S. crude stocks

U.S. West Texas Intermediate crude CLc1 was up 20 cents, or 0.4%, at $57.32 a barrel by 0111 GMT.

Nadeem Baber urges foreign investors to invest in Pakistan's energy sector

He was speaking at 4th Abu Dhabi International Petroleum Exhibition and Conference.

Oil dips as U.S.-China trade deal hopes fade

Brent crude futures LCOc1 edged down 16 cents, or 0.3%, to $61.90 a barrel by 0124 GMT.

Oil unchanged after overnight losses amid caution over trade talks

Brent crude futures LCOc1 were flat at $61.74 a barrel by 0158 GMT.

Oil slips on huge U.S. crude build; hopes for U.S.-China trade talks check losses

Brent crude futures LCOc1 were at $62.73 a barrel by 0120 GMT, down 23 cents, or 0.4%.

Oil steadies after gains driven by trade optimism

Brent crude futures were up 4 cents at $62.17 a barrel at 0330 GMT after gaining 0.7%.

Oil falls on caution ahead of economic data, offsets trade deal optimism

Brent crude futures for January LCOc1 fell 26 cents to $55.94 a barrel by 0125 GMT

Exploration companies allocate Rs305.76 million for projects in 3 oil and gas producing districts

Five underground water storage tanks are being constructed in different localities.

Aramco meets investors in last-minute bid to hit $2 trillion IPO target

A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia.

Oil prices rise as investors put hopes on China stimulus

Brent crude futures were up 24 cents, or 0.4%, at $60.85 a barrel by 0221 GMT.

Oil prices drop, U.S. falls for 3rd day as Cushing stocks rise

Brent crude LCOc1 was down 15 cents, or 0.2%, at $61.44 a barrel by 0118 GMT.

Oil prices edge lower ahead of U.S. stockpile numbers

Brent LCOc1 futures were down 6 cents at $61.51 a barrel by 0311 GMT.

Oil holds steady as Russia reaffirms commitment to output cuts

Brent crude was down 1 cent at $62.01 a barrel by 0055 GMT.

Oil prices clock strong weekly gains on trade hopes, crude supply

Pump jacks operate at sunset in Midland, Texas, U.S.

Oil pares U.S. stock-draw gains on weak demand outlook

U.S. crude closed 3.3% higher in the previous session.

Oil slips after U.S. inventory build, but possible OPEC cuts support market

International benchmark Brent crude futures dropped 28 cents, to $59.42 a barrel by 0123 GMT.

Oil prices edge up on U.S.-China trade optimism, but demand concerns cap

Brent crude futures were at $59.10 a barrel by 0027 GMT, up 14 cents, or 0.2%.

Oil prices fall as data points to huge build in U.S. stocks

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China.

OGDCL makes four discoveries of hydrocarbons in three months

OGDCL drilled 16 new oil and gas wells including nine exploratory/appraisal and seven developments.

Oil prices edge higher on potential Brexit deal; OPEC signals of possible cuts

The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France.

No choice but to invest in oil: Shell

"We have no choice" but to invest in long-life projects, Shell CEO said.

Oil prices extend losses into second session on weak China data

Brent crude LCOc1 fell 47 cents, or 0.79%, to $58.88 a barrel by 0527 GMT.

Oil prices ease on scant details of U.S.-China trade deal

"So traders are reluctant to push it further given those very strong gains."

Oil prices extend slide to third straight day, U.S.-China trade doubts grow

Brent crude futures LCOc1 fell 27 cents, or 0.5%, to $57.97 a barrel by 0148 GMT.

Oil rises, buoyed by gains in industrial commodities

Brent crude rose 39 cents, or 0.7%, to $58.74 a barrel by 0102 GMT.

Oil prices slip again amid gathering gloom over global economy

Brent crude futures LCOc1 edged down 24 cents to $58.13 a barrel by 0147 GMT.

Oil steadies in rebound after jitters over economic outlook, U.S. inventories

Steam is seen coming from the cooling towers at an oil refinery in Melbourne.

OGDCL carries out 1,324-line km 2D, 620 sq. km 3D surveys

Additionally, it possesses working interest in six blocks operated by other E&P companies.

Oil prices rebound on lower output from U.S., Russia, OPEC

General view of the Fos-Lavera oil hub near Marseille, France.

Petroleum ministry to examine OGRA summary for reducing petroleum prices for October

If the summary is accepted, the petrol price will come down to Rs110.69 per litre.

Oil prices climb as positive China factory data eases demand concerns

Brent crude LCOc1 futures rose 9 cents to $62 a barrel by 0300 GMT.

Oil, shares fall on potential limit on China investments

Renewed high-level trade talks between Washington and Beijing are scheduled for next month.

OGRA proposes slashing petroleum prices from Oct 1

The prices of petroleum products will be updated from October 1, 2019.

Six oil refineries with around 1.1 million bpd capacity, 'in pipeline'

As many as six projects, investment initiatives and proposals in oil refining sector are in pipeline

Oil extends losses after Trump's comments douse trade talk optimism

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China.

Saudi Arabia to restore full oil output by next week

Workers are seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia.

Oil rallies on MidEast tensions, stocks weighed by trade remarks

The US has ramped up sanctions on Tehran, targeting its central bank.

Oil slips on trade fears but soars in week after Saudi production attacked

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen.

Oil prices settle after turbulent week as Saudi Arabia reassures on output

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen.

Oil slips after Saudi Arabia says to restore output but risks remain

U.S. West Texas Intermediate (WTI) crude CLc1 futures declined 35 cents, or 0.6%, to $58.99 a barrel

Saudi Aramco attacks: What we know so far

Saudi Aramco seeks to prepare for a share sale that would make it the world's largest listed company

Attacks on Saudi oil facilities - what will it mean for consumers?

Flames emerge from flare stacks at Nahr Bin Umar oil field, north of Basra, Iraq.

Oil prices rocket as drone attack slashes Saudi output

Crude prices took historic leaps as investors reacted to the loss of Saudi oil production capacity.

Saudi oil facilities attack: Prices may soar by Rs10-12 in Pakistan

Analysts have expressed fear a significant hike in prices of gold, essential commodities etc.

Saudi attacks threaten U.S. gasoline price hikes, particularly in California

The United States has more than 640 million barrels of oil in reserve.

Oil soars after attack on Saudi plants shuts in 5pc of global supply

Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum.

Govt to increase petroleum commodities production

The given concession would also be applicable for new deep conversion oil refineries.

Iran says it will adopt maximum crude output policy if U.S. lifts sanctions

Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf.

Attacks on Saudi oil facilities knock out half the kingdom's supply

Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia.

Oil prices slide 2pc after report Trump weighed easing Iran sanctions

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China.

Oil prices gain as Saudi minister backs output cuts; global stocks mixed

Crude prices gained as the new Saudi oil minister signaled he would defend oil prices.

OPEC kingpin Saudi Arabia replaces energy minister with king's son

"His royal highness Prince Abdulaziz bin Salman is appointed minister of energy."

Oil nations to do 'whatever necessary' to balance market: UAE

European benchmark Brent was selling at $61.54 per barrel on Friday.

Oil majors to mull fresh cuts as trade war hits prices

Previous supply cuts have mostly succeeded in bolstering prices.

Oil prices rise after U.S. confirms trade talks with China to start

Brent crude was up 21 cents, or 0.4%, at $60.91 a barrel by 0301 GMT.

Oil prices mixed as market eyes trade war, awaits stocks data

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China.

Oil falls as U.S., China add more tariffs in trade war

U.S. President Donald Trump said the sides would still meet for talks later this month.

Govt likely to reduce petroleum prices for September

The petrol price is expected to be reduced by Rs4.49 per litre.

Oil prices pegged back by mounting concern over U.S. economy

Brent crude LCOc1 was down 30 cents, or 0.5%, at $60.19 a barrel by 0202 GMT.

Oil rises as drop in U.S. inventories eases recession worries

Brent crude LCOc1 was up by 37 cents, or 0.6%, at $59.88 a barrel by 0220 GMT.

OGDCL discovers hydrocarbons in Kohat

The well was drilled down to the depth of 3,200 meters.

Oil rises as U.S.-China trade comments calm markets

Pump jacks operate at sunset in an oil field in Midland, Texas U.S.

Oil falls as trade war raises recession fears

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China.

Oil prices slide as U.S.-China trade war escalates

WTI lost 1.3% for the week, while Brent rose 1.2% during the week.

POL, MOL discover oil and gas reserves in TAL Block

Further, this new discovery will help to improve the energy security of the country.

Oil prices slip, but supported by hopes trade tensions could ease

A crude oil tanker is seen at Qingdao Port, Shandong province, China.

Oil rises after Saudi oilfield attack, but recession worries cap gains

A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas.

Oil prices fall on concerns over recession, inventories

Drilling rigs operate at sunset in Midland, Texas, U.S.

Global stocks routed, oil sinks as bond markets flash recession warning

A man uses a mobile phone in front of an electronic board showing Japan's Nikkei average, Tokyo.

Oil prices fall as China economic data disappoints, U.S. inventories gain

The Chinese products include laptops and cellphones. Tariffs had been scheduled to start next month

Oil prices slip as demand concerns outweigh efforts to curb supply

A view of an oil refinery off the coast of Singapore.

Oil prices steady, U.S.-China trade dispute remains in focus

Pumpjacks are seen in Lagunillas, Ciudad Ojeda, in the state of Zulia, Venezuela.

Oil prices rise ahead of expected U.S. interest rate cut

A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S.

New oil and gas reserves found in Sanghar

The oil and gas reservoir was discovered in Pandhi area of Sanghar.

Oil prices gain on U.S. inventory drop, Middle East tensions

An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France.

U.S. oil hits highest in over a month amid Gulf of Mexico storm, Iran tensions

Brent crude futures LCOc1 were down 5 cents, or 0.1%, at $66.96 a barrel.

Oil prices rise as data shows bigger-than-expected fall in U.S. stockpiles

Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France.

Oil prices drop as trade tensions stoke economy worries

The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France.

Oil prices tread water as market eyes global risks

Employers added 224,000 jobs last month, the most in five months, the report showed.

Oil prices steady on extended supply cuts, U.S. stocks draw

JX Nippon Oil & Energy Corp’s refinery is pictured in Yokohama, Japan.

Crude oil production increases by 12.8pc, import downs by 15.38pc

The domestic production of crude oil remained 24.6 million barrels during the period.

Oil prices ease as demand worries counter supply cuts

Men walk past oil tanks at the plant of Liangyou Industry and Trade Co., Ltd in Qufu.

Govt enforces significant hike in CNG prices from today

However, the new price of CNG in Punjab is Rs90 per liter with an increase of Rs4.

Oil prices jump over 2% as OPEC set to extend supply cuts

The Philadelphia Energy Solutions oil refinery is seen at sunset in Philadelphia.

Oil prices fall as market awaits G20, OPEC

Men walk past oil tanks at the plant of Liangyou Industry and Trade Co., Ltd in Qufu.

Oil prices climb amid fall in U.S. stockpiles, Middle East worries

Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China.

Oil prices steady, U.S.-Iran tensions remain in focus

JX Nippon Oil & Energy Corp's refinery is pictured in Yokohama, Japan.

Oil prices climb as Middle East tensions simmer

The Odebrecht Oil and Gas drillship is seen in the Guanabara bay in Rio de Janeiro, Brazil.

Oil climbs on Iran tensions, stocks edge back from seven-week highs

Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan.

Oil prices jump as downed U.S. drone stokes Middle East tensions

A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma