London - World oil prices slid on Monday as investors locked in profits from last week's gains that were made on the back of positive US consumer sentiment data, analysts said. Brent North Sea crude for delivery in July dropped 51 cents to $104.13 a barrel in London midday deals. New York's main ...

KUWAIT - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co over a scrapped plastics joint venture.Nizar Mohammad al-Asani replaced Farouk Zanki as CEO at the oil firm and the ...

ISLAMABAD - Caretaker Federal Minister for Water and Power Dr Mussadiq Malik on Saturday said caretaker government was taking urgent measures to overcome electricity loadshedding across the country.The caretaker prime minister, he said, had called a meeting of the ministers of finance, petroleum ...

KARACHI (PR): Olympia Oils has launched ‘Purile Premium Canola Oil’ at a local hotel, where officials from the company, government and trade were present. On this occasion, Mian Naseer Monnoo, Managing Director Olympia Oils (Pvt.) Limited, unveiled the Purile Premium Canola Oil bottle. ...

LONDON - World oil prices rose further Friday on talk of a potential scaling back of US stimulus measures and despite a stronger dollar making crude more expensive for holders of rival currencies, analysts said. Brent North Sea crude for delivery in July grew 69 cents to $104.47 a barrel in London ...

SINGAPORE : Oil was down in Asian trade Thursday as caution returned to the market following weak US production data, analysts said. New York’s main contract, light sweet crude for delivery in June, dropped 33 cents to $93.97 a barrel and Brent North Sea crude for June delivery shed 16 cents ...

LONDON -Global oil prices slid on Wednesday as traders awaited the latest inventories report from leading world consumer the United States. In London early afternoon deals, Brent North Sea crude for delivery in June dipped 32 cents to $102.28 a barrel.New York's main contract, West Texas ...

LONDON  - Crude prices fell on Tuesday after the International Energy Agency declared that booming oil output in North America, driven by the shale energy revolution, has created a global "supply shock" that is reshaping the industry. In London early afternoon deals, Brent North Sea crude for ...

LONDON : Global oil prices fell on Monday as renewed dollar strength weakened demand, dealers said. Traders also digested comments from key OPEC member Iran, who hinted at lower output to compensate for falling oil prices. Brent North Sea crude for delivery in June sank $1.16 to $102.75 a barrel. ...

NEW YORK : The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labour market added to bullish sentiment on the dollar. Wall Street surged at day's end, pushing ...

London - Global oil prices recoiled on Friday on profit-taking and as the dollar surged to a four-year high point against the yen, dealers said. Markets are awaiting the US federal budget figures for April, a speech from Federal Reserve chief Ben Bernanke, and a two-day Group of Seven finance ...

SINGAPORE - Oil turned lower in Asian trade Thursday as dealers took profits after gains earlier in the week, analysts said. A surprise rise in German industrial production had brightened the market's outlook for European and global growth, causing prices to rise in morning trade. New York's main ...

LONDON  - Global oil prices edged lower on Wednesday in cautious trading before publication of the latest inventories report in the United States.Brent North Sea crude for delivery in June dropped 54 cents to $103.86 per barrel in London early afternoon deals. New York’s main contract, ...

london - Global oil prices fell on Tuesday as dealers took profits after a recent rally on robust US jobs data and rising tensions in the Middle East, analysts said.Brent North Sea crude for delivery in June dropped 28 cents to $105.18 a barrel in London midday deals. New York’s main ...

SINGAPORE : Oil was up in Asian trade Monday after an upbeat US jobs report bolstered confidence the US economic recovery is on track.US stocks surged to record highs following the report, with the buoyant mood also lifting the oil markets because a strong US economy -- the biggest in the world -- ...

islamabad - Caretaker government on Monday sent heads of two oil and gas exploration companies packing following allegations of irregularities in appointment and corruption.Caretaker government issued notifications of sacking chief of country’s largest oil and gas explorer Oil and Gas ...

ISLAMABAD : Ministry of Petroleum on Friday established 'Oil and Gas Control Cell' to ensure continuous supply of oil and gas during elections. The oil and gas control cell would start functioning from May 7, said a press release issued here. The cell would ensure coordination between the ...

LONDON : World oil prices held firm on Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates, and at the end of a rollercoaster week that was mostly driven by global economic data, analysts said. The market was also buoyed by ...

LONDON - Oil prices rebounded Thursday on bargain hunting following sharp falls the previous day, but analysts said markets would continue to be weighed down by signs of weaker demand for crude. Brent North Sea crude for delivery in June rose 75 cents to $100.70 a barrel approaching midday in ...

new york - US oil stocks reached a new three-decade high and pressed crude prices lower Wednesday, as US oil production continued to surge while domestic demand remained anemic.US commercial stocks stood at 395.3 million barrels for the week ended April 26, the highest weekly inventory figure since ...

LONDON - World oil prices slid Wednesday on weak Chinese and US economic data and ahead of the latest weekly snapshot of energy inventories in the United States. Brent North Sea crude for delivery in June fell 80 cents to stand at $101.57 a barrel in London midday deals. New York's main contract, ...

london - World oil prices fell on Tuesday in cautious trade as investors sat on their hands before key interest rate decisions later this week in the eurozone and the US.Brent North Sea crude for delivery in June dropped seven cents to $103.74 per barrel in early afternoon deals in London.New ...

london - World oil prices rose slightly on Thursday, buoyed by a lower-than-expected gain in US crude stockpiles and hopes of an interest rate cut by the European Central Bank (ECB), analysts said.Brent North Sea crude for delivery in June added two cents to $101.75 a barrel in London early ...

LONDON: World oil prices rose slightly on Thursday, buoyed by a lower-than-expected gain in US crude stockpiles and hopes of an interest rate cut by the European Central Bank (ECB), analysts said.Brent North Sea crude for delivery in June added two cents to $101.75 a barrel in London early ...

LONDON : World oil prices rose sharply on Wednesday as traders set aside demand concerns after a raft of weak global economic data, and digested the latest update on American energy stockpiles, analysts said. Brent North Sea crude for delivery in June jumped $1.31 to $101.62 per barrel in late ...

LONDON - World oil prices sank on Tuesday after another batch of disappointing economic data fuelled demand concerns in top global energy consumer China, analysts said.Brent North Sea crude for delivery in June dropped 72 cents to $99.67 a barrel in London early afternoon deals. New York’s ...

LONDON - Oil prices rose Monday as bargain-hunters moved in following a price plunge last week that has prompted speculation about a possible cut to OPEC output, as investors waited for fresh economic data from China, analysts said.Brent North Sea crude for delivery in June gained 79 cents to ...

juba  - Singing and dancing marked South Sudan's revival of oil production this month, raising hopes the precious resource could finally benefit a nation that fought for decades to gain control of it.But along with the celebrations have come warnings that strict accountability will be needed ...

teheran  - Iran is owed $4 billion for oil sales to customers who have been unable to pay because of sanctions imposed on the Islamic republic over its nuclear programme, a top Iranian oil official said on Sunday."We have been unable to get paid around four billion dollars due to the ...

DAMASCUS  A Syrian government daily on Sunday accused the United States of having "thrown oil on the fire" of the country's conflict by doubling its aid to the opposition."The meeting of the so-called 'Friends of Syria' held in Istanbul yesterday has thrown oil on the fire of the Syrian ...