Oil prices were lower this week as the post-election enthusiasm waned, demand concerns returned, and as the US dollar strengthened. Again, geopolitical tensions in the Middle East were not a major contributor to price movements. Downwardly-revised demand and price forecasts for next year also put pressure on prices.
Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could…
Following the Israel-Iran flare-up in the Middle East, the UK and Greece have cautioned their commercial shipping companies to be extra careful and log all voyages through the world’s key…
