Tag: oil

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Oil hits 11-month high just below $57 as Saudi cut supports

LONDON: Oil hit an 11-month high just below $57 a barrel on Tuesday as tighter supply and expectations of a drop in U.S. inventories...

Oil prices go 4pc up in int’l market

ISLAMABAD: Oil futures rose Tuesday after Iran seized a South Korean ship and the Organization of the Petroleum Exporting Countries (OPEC) and its allies...

Oil drops on rising virus cases, increasing Libyan output

LONDON: Oil prices fell on Monday, extending last week's losses, as increasing coronavirus cases in the United States and Europe raised worries about energy...

Oil gains on signs of output cuts, improved demand

LONDON: Oil prices rose slightly on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more...

US drillers expected to slash oil & gas rigs to lowest ever

NEW YORK: The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week -...
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