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Pakistan and world business news from seven outlets, one story per event. Updated 2m ago.
459 stories tagged Oil & gas · Clear
Petrol Relief Unaffordable: Petroleum Minister
Federal Petroleum Minister Ali Pervez Malik on Sunday said the federal government cannot continue providing unconditional subsidies on expensive petrol
ProPakistani
325 million barrels of oil from strategic reserves released: IEA
PARIS: The International Energy Agency said Saturday that member countries had so far released 325 million barrels of oil and oil-derivative products from strategic reserves, from 400 million…
Business Recorder
G7 countries agree on release of diesel and oil stocks after US pressure
French President Emmanuel Macron speaks following a video conference with G7 leaders from the Elysee Presidential Palace in Paris on October 2, 2026.
Geo NewsOil prices drop as Europe agrees to release diesel reserves
HOUSTON: Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel…
Business Recorder
Trump pushes South Korea on Alaska LNG deal: Why Seoul is hesitant
South Korea is adopting a conservative approach to the long-planned Alaska liquefied natural gas project despite Donald Trump…
The NewsHong Kong stocks fall as surging bond yields, higher oil prices weigh
HONG KONG: Hong Kong stocks dropped on the first trading day of October, as the 10-year US Treasury yield hitting a more-than-two-decade high and rising oil prices dampened investor appetite for…
Business RecorderGovt mulls allowing private firms to directly import LNG amid Mideast tensions: report
A liquefied natural gas tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017.
Geo NewsCrude oil imports jump 62% in August amid supply concerns
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025.— ReutersPakistan’s crude imports rise to 1.238m tonnes in August.Imports jump 62% from 763,702…
Geo NewsUK diesel price hits all-time high amid Middle East supply crunch, RAC warns
The average price of diesel in the UK has surged to a record-breaking high of 199.18p per litre, eclipsing previous peaks…
The News
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