Search For "oil crisis"
"Talking with Americans or negotiation... no longer on the table," says Ir
Updated : 4 hours, 11 min ago IST
In an interview with PBS News, Iranian Foreign Minister Syed Abbas Araghchi ruled out further talks with the US due to "bitter experience." He defended strikes on regional oil infrastructure as legitimate self-defence and reaffirmed that Tehran is "well prepared" to continue missile attac
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US missile strike targets school and residential homes in Iran's Khomeyn:
Updated : 4 hours, 11 min ago IST
Reports indicate a US missile strike hit a school in Khomeyn, central Iran. This comes as the IRGC vowed to "determine" the war's end, rejecting US claims of a "short-term excursion." Amid threats to global oil supplies, Russia and France are pursuing diplomatic and defensive measures to
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"It is we who will determine the end of the war": Iran rejects Trump's cla
Updated : 4 hours, 11 min ago IST
Iran's IRGC has rejected US President Donald Trump's claim that the conflict will end "soon", asserting it will "determine" the war's conclusion. Tehran warned it would halt all regional oil exports if attacks continue, while Trump threatened to hit Iran "twenty times harder" if global su
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"Need to secure threats in Strait of Hormuz": French Air Force Maj Gen on
Updated : 7 hours, 54 min ago IST
Deputy to the Chief of the Air and Space Force Staff in the French Air Force, Major General Dominique Tardif, on Friday stressed the need to address security threats in the Strait of Hormuz amid the ongoing West Asia conflict, saying international cooperation would be essential to tackle the
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Pakistan's energy mismanagement deepens as gas utilities sit on PKR 1.5 tr
Updated : 1 month, 3 weeks ago IST
According to The Express Tribune, industry data shows that unpaid receivables owed to upstream companies have ballooned dramatically over the past decade. What stood at PKR 224 billion in June 2015 had surged to PKR 1.5 trillion by September 2025, excluding late payment surcharges.
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Any escalation in Middle-East crisis or sharp rise in crude prices will im
Updated : 9 months ago IST
Any further escalation in the Middle-East crisis or a sharp rise crude prices could pose a serious risk to earnings, especially for Indian Oil Marketing Companies (OMCs) and gas companies.
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Pakistan government fears oil crisis as depots run dry
Updated : 2 years, 6 months ago IST
The Pakistan government fears an oil crisis as retail outlets of some oil marketing companies (OMCs) were reportedly found dry at a few locations in the country, The Express Tribune newspaper reported.
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Pakistan's recent countrywide electricity blackout linked to forex woes
Updated : 3 years, 1 month ago IST
A prolonged shortage of dollars is wreaking havoc throughout the economy and a nationwide power outage this week underscored the razor-thin margins for error in Pakistan's energy sector.
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The other oil wars
Updated : 3 years, 8 months ago IST
New Delhi [India], June 23 (ANI): The war in Ukraine has sent the oil prices sky rocketing and clouds are gathering on the middle eastern horizon of oil wars in near future. This has distracted our attention from the other oil crisis that is brewing and will impact the lives of many India
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Maryam Nawaz slams Pak govt for 'incompetence, corrupt practices' after oi
Updated : 5 years, 3 months ago IST
Islamabad [Pakistan], December 16 (ANI): Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz on Wednesday slammed Prime Minister Imran Khan's government for 'incompetence, poor decision-making and corrupt practices', two days after an inquiry commission on the June petroleum cri
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Biggest CO2 drop: Real-time data show Covid-19's massive impact on global
Updated : 5 years, 5 months ago IST
Washington [US], October 14 (ANI): While the ongoing Corona pandemic continues to threaten millions of lives around the world, the first half of 2020 saw an unprecedented decline in CO2 emissions - larger than during the financial crisis of 2008, the oil crisis of 1979, or even World War II.
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Russian economy faces deep recession amid global pandemic and oil crisis:
Updated : 5 years, 8 months ago IST
Moscow [Russia], July 6 (ANI): Fueled by a Covid-19 triggered deep global recession, Russia's 2020 GDP growth is projected to contract by 6 per cent, an eleven-year low, with a moderate recovery in 2021-2022, according to the World Bank's latest Russia Economic Report released on Monday.
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