Tag Archives: crude oil

The financial statistics released during quarter closed September 30, 2020 by the financial experts of National Refinery Limited (NRL) showed that during the period, the company incurred a loss after tax of Rs. 1,311 million resulting in loss per share …

Crude oil production in the U.S. is rising and set a new record in 2019 with an average daily production of 12.23 million barrels, according to the EIA. New worldwide production numbers released today show that North America has been the main …

The government has imposed Rs40 million penalties on six oil marketing companies (OMCs) for their noncompliance with the storage requirements. It seems like an attempt to put an end to an ongoing blame game after the recent shortage of petrol …

From Hong Kong to Tehran to Buenos Aires, the world is in persistent turmoil. A question is getting louder, what is triggering global unrest. There is so much unrest throughout the world at any point that it would appear to …

All the indicators suggest that global crude oil market is suffering from supply glut, mainly because of high shale oil production. Nothing seems to be moving oil price in any way other than Sino-US trade war. The Western media is …

In June, 2019, the Chinese President Xi Jinping made his historic visit to meet President Vladimir Putin in St. Petersburg, Russia. While on a cruise along the Neva River, next to St. Petersburg, both leaders gave a new outlook to …

Three weeks ago I wrote an article ‘Brewing turmoil in Pakistan’s backyard’ and the concluding remarks were, “The fact remains that none of the country (United States or Iran) wants to get the blame for initiating a conflict, but it …

The ongoing trade rift between Washington and Beijing has led to a significant reduction in Chinese imports of U.S. crude oil amid concerns about the implementation of new tariffs. In the period from April 2018 to September 2018, China imported 47 million …