Trump’s claim to Syrian oil raises many questions
WASHINGTON: By claiming a right to Syria’s oil, President Donald Trump has added more complexity — as well as additional U.S. forces and time — to an American military mission he has…
Flags of inconvenience: noose tightens around Iranian shipping
LONDON/DUBAI/PANAMA CITY: Somewhere on its journey from the waters off Iran, around Africa’s southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and…
Oil jumps on Riyadh-Moscow output deal, as OPEC gathers
VIENNA: Oil prices jumped Monday after OPEC kingpin Saudi Arabia and non-member Russia agreed to keep daily oil output caps, but Iran warned the move risks killing off the cartel that pumps a…
Tehran has no plans to leave Opec: Iranian oil minister
Iran has no plans to leave the Organisation of the Petroleum Exporting Countries (Opec), Oil Minister Bijan Zanganeh said in an interview published by the Iranian parliament news site ICANA on Saturday. “Iran has…
US allows eight ‘jurisdictions’ to keep buying Iran oil for now
WASHINGTON: The United States said on Friday it will temporarily allow eight jurisdictions to keep importing Iranian oil when U.S. sanctions come back into force on Monday, sparing them for now from…
SHC seeks details of funds and taxes of oil, gas companies
KARACHI: The Sindh High Court (SHC) on Thursday expressed annoyance on gas and oil firms for not carrying out proper welfare development programmes in local areas where they operate while seeking a record of…
Pakistan reaches out to Saudis for bailout
–Likely to get $2bn petroleum assistance from KSA –Saudi delegation may also invest in Balochistan’s Reko Diq gold and copper mines ISLAMABAD: After a formal request, Pakistan is likely to get $2 billion…
Saudi king said will boost oil output if needed, says White House
WASHINGTON: The leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the White…
Oil, gas companies responsible for welfare projects, NA told
ISLAMABAD: Minister for Parliamentary Affairs Shaikh Aftab Ahmed has said that oil and gas companies are responsible for carrying out welfare projects in the areas of exploration. Responding to a calling attention…
PFA seals 3 popular snack factories, discards thousands of low-quality snacks
LAHORE: The Punjab Food Authority (PFA) on Friday sealed three famous snack factories for using expired and rancid oil in the preparation of nimko and biscuits in the provincial metropolis. A special raiding…
Philippines, China to work out how to tap gas
MANILA: The Philippines and China have agreed to set up a special panel to work out how they can jointly explore oil and gas in part of the South China Sea that…
Mexico presidential favourite repeats call to review oil contracts if elected
MEXICO CITY: The leading candidate for Mexico’s presidential election, Andres Manuel Lopez Obrador reiterated on Thursday his pledge to review oil contracts if elected, a day after the most successful auction since…
40,000 litres petrol spill after overturning oil tanker in Hyderabad
HYDERABAD: At least 40,000 litres petrol spilled on the Super Highway near Nooriabad Chowki No-7 Hyderabad on Friday when an oil tanker turned turtle. Eye-witnesses said that the accident occurred when the…
Oil slick off China coast trebles in size
BEIJING: The spill from a sunken Iranian tanker off China´s east coast has more than trebled in size, just over a week after the ship sank in a ball of flames. Authorities…
Chinese authorities spot four oil slicks from sunken tanker
BEIJING: The spill from a sunken Iranian tanker off China’s east coast has spawned four oil slicks as authorities prepared to send robots to the wreckage to assess the environmental damage. The…
East China Sea: Iranian oil tanker wreck produces two slicks
BEIJING: An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42 square miles), the Chinese government said late on…
Iranian oil tanker sinks after burning since Jan 6 accident
BEIJING: An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China Sea, Chinese state media said on Sunday, adding…