The president says lower prices could solve a range of problems, but finds early resistance in the oil market.

Reuters adds: Pakistan on Monday signed an agreement with the Saudi Fund for Development to defer by one year a $1.2 billion ...

Pakistan has signed an agreement with the Saudi Fund for Development to defer a $1.2 billion payment on the country's oil ...

Despite oil prices facing downward pressure yesterday due to a significant drop in US oil inventories, the market has found ...

Prime Minister Shehbaz welcomed the signing of the oil import financing facility, the Prime Minister’s Office (PMO) said in a ...

The cost of producing crude oil in Nigeria has risen to about $40 per barrel, according to a report by the Nigerian Upstream ...

Oil reserves in storage facilities around the world are at a record low, and production of raw materials in non-OPEC+ countries will be limited in growth. Therefore, the keys to the market will again ...

Pakistan has secured a one-year deferment of USD 1.2 billion payment on oil imports from Saudi Arabia, aimed at bolstering ...

The federal government on Monday signed an agreement with the Saudi Fund for Development (SFD) to defer by one year a $1.2 ...

Iraqi Midland Oil Company has announced that a huge reserve of crude oil (black gold) has been reportedly found in eastern ...

Extended cuts to oil production among the OPEC+ member states, of which Saudi Arabia is a top member, have continued to weigh on GDP growth in the kingdom. The International Monetary Fund (IMF ...

The $20bn 650,000 barrels-per-day Lagos-based Dangote Refinery has scored another first as it well positions itself as a global leader in ...