For the first time in history, oil revenues would not cover salaries and subsidies, which have swelled since 2006.
Syed Rashid Husain
Tough market conditions are endangering the very fabric of the group.
ON day one in the office, the US President-elect Joe Biden is vowing to take the US back to the Paris Convention on...
Not long ago, oil demand was expected to peak around 110 million barrels per day.
If Trump wins a second term, he would continue his deregulatory push to expand federal areas to drilling.
Ominous clouds on the Gulf horizon may put the jobs of thousands of Pakistanis employed in that part of the world in jeopardy.
Job reductions in oil and gas upstream and large integrated companies probably have reached the 100,000-mark, says expert.
THE issue of climate change is beginning to impact the ‘crude’ horizon.
Warning traders against betting heavily in the oil market, Saudi energy minister says he will try to make the markets “jumpy”.
Uncertainty about crude fundamentals remain unusually high.
This year may be the turning point for the energy world, Fatih Birol, executive director of International Energy Agency says.
Global oil demand is currently sitting at 89 per cent of pre-pandemic levels, states report.
Refiners face the ‘adapt-or-die’ scenario in the wake of the pandemic.
Oil markets are passing through an interesting phase, flashing bullish sentiments and bearish trends.
US reports say that American oil production has registered a record monthly decrease in its output in May 2020.
Markets are emitting negative signals about Opec's move to open taps from August.
The IMF says the crude price plunge and the production cuts would hit oil exporters in the Middle East and North Africa hard.
Faced with intense budgetary pressures, oil producers are itching to open the taps — albeit gradually. The...
Global oil demand is likely to recover to above pre-pandemic levels despite some predictions.
Some are now asserting that China emerged victorious at expense of major global crude oil producers.