Why the OPEC+ deal is full of magnificent features?!
A perfect deal is where all protagonists get something out of it. All oil-producing countries stand to gain if oil price rebounds. In bare...
Oil price war comes to an end; Implications on Pakistan
The oil price crash startled the global market which was already apprehensive regarding the influence of the novel corona-virus pandemic on world economy. The...
Saudi Arabia, Russia & Mexico agree to production cuts: Implications for Pakistan?
Trump helps OPEC to resolve its internal differences and calls it a "great deal for all". Oil production is cut by around a million barrels a day and oil prices shoot up creating tensions or importers like India and Pakistan..
Saudi vs US? Oil price war hurt US more than Russia
A decision by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers like Russia to temporarily end a price war and cut production,...
Saudis brought Putin to his senses: OPEC will decide to cut output
Saudis have brought Putin to his senses; OPEC will cut its production
How the Saudi-led coalition forces devastated Yemen? 5 years of misery
Impoverished Yemen is mired in a devastating conflict between Iran-backed rebels and government forces that intensified after Saudi Arabia led a military intervention five...
Hopes to support virus-ravaged markets dimmed as oil prices fell
Oil prices fell sharply Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of swift action...
Trump signals end to price war as Oil prices rocket over 30%
Oil prices rocketed Thursday, posting the largest percent increase ever after US President Donald Trump said Russia and Saudi Arabia planned to end their...
US-Iran rift: Trump warns Iran of ‘heavy price’ in case of attack on US troops
President Donald Trump warned Iran on Wednesday of a "heavy price" if it or its allies in Iraq attack US troops stationed there. "We don't...
Saudi boosts oil output to record level as price war intensifies
Saudi Arabia boosted crude oil supply to record levels Wednesday, with state giant Aramco offering 18.8 million barrels on a single day despite a...
Hajj 2020: Saudi Arabia may delay hajj plans over coronavirus epidemic
Saudi Arabia's hajj minister asked Muslims on Tuesday to temporarily defer preparations for the annual pilgrimage amid uncertainty over the coronavirus pandemic. Earlier this month,...
Escalating Oil-Price War: Saudi decided to raise oil exports to record levels
Saudi Arabia said on Monday it will raise its oil exports to a record 10.6 million barrels per day starting from May despite a...