Latest Oil Headlines and News updates

Arab League Opposes Iran's Threats to Block Navigation in Hormuz Strait - Envoy in Russia

US Planning Secondary Sanctions on States Importing Iran Oil After Nov. 4 - State Dept.

The United States is determined to introduce secondary sanctions against countries that will continue to import oil from Iran after Washington reintroduces sanctions on Tehran on November 4, US Department of State Special Representative for Iran Brian Hook told reporters on Thursday.

India's falling rupee a 'double-edged sword' for economy: analysts

India's rupee hit fresh record lows Thursday amid warnings that benefits to exporters from a weaker currency would be offset by the higher price paid by Asia's third-largest economy for oil.

Third session of "UAE-Ukraine Joint Committee" begins in Kiev

The third session of the "UAE-Ukraine Joint Committee" started today in the Ukrainian capital, Kiev, and will continue for two days.

UK Government Removes Question About Fracking From Public Attitude Tracker - Reports

The UK government has removed the question about fracking from the public attitudes tracker run by the Department of Business, Energy and Industrial Strategy (BEIS) just a few weeks before the launch of the first fracking works in the country in seven years, local media reported Thursday.

UK Ineos Authorized for 1st Shale Gas Exploration in Derbyshire - Planning Inspectorate

The UK Ineos Upstream Ltd company, providing oil and gas exploration services, has been authorized for the first shale gas exploration in the county of Derbyshire, central England, Elizabeth Hill, the planning inspector, said in a decision on Thursday.

Foreign Minister: 20% of Caspian Sea resources should belong to Iran

The Islamic Republic of Iran has never accepted such an illusory line, Foreign Minister of Iran, Mohammad Javad Zarif, said in a TV program as the idea that Iran should possess 50 percent of the Caspian Sea, is wrong because in that case Turkmenistan and Azerbaijan would have no share.

Pakistan Stock Exchange PSX Closing Rates 16 Aug 2018

Following were the Closing Rates of shares at Pakistan Stock Exchange Limited (PSX) issued here on

Thursday.

Seoul to Support S. Korean Companies Affected by US Anti-Iran Sanctions - Reports

South Korea will provide financial support to national companies doing business in Iran, which are affected by anti-Iran sanctions re-imposed by the United States, local media reported on Thursday citing the South Korean Trade Ministry.

DNO reports increased revenues, announces dividend

Shipping activity at Port Qasim 16 Aug 2018

Five ships, MOL Generosity, HS Tosca, Maud, Doro and As Olivia scheduled to load/offload Containers, Condensate, Coal and Chemicals were arranged berthing at Qasim International Container Terminal, FOTCO Oil Terminal, Pakistan International Bulk Terminal, Port Qasim Electric Power Terminal and Engro Vopak Terminal respectively on Wednesday.

Russian Economy Ministry Does Not Back Tax Increase for Mining, Chemical Sectors - Source

Russia's Economic Development Ministry does not support Russian presidential aide Andrey Belousov's proposal to increase taxes on the mining and chemical sectors, a ministry source told Sputnik on Thursday.

Seed balls plantation launched on Margalla Hills to restore its green cover

In a bid to counter the impact of rapid tree felling and poor plantation in the Margalla Hills National Park, an extensive activity of Seed Ball throwing was arranged to restore the beauty of the park and stop environmental degradation.

Kazakhstan's food economy grows, spurred by Belt and Road

The corn plants at the agriculture innovation park in Turgen, a village in Kazakhstan, are as tall as an adult human being. It's a sight of pride and joy for Abumuslim Alisultanovich

Kremlin Says Not Yet Formed Stance on Proposal to Remove Excess Profits From Mining Firms