SINGAPORE: A coordinated release from government oil reserves led by the US may add about 70 million to 80 million barrels of crude supply, smaller than the more-than-100 million barrels the market has been pricing in, Reuters quoted analysts at Goldman Sach, as saying. “On our pricing model, such a release would be worth less than $2/bbl, … Read more
TOKYO: Japan is considering releasing oil from its reserves for the first time to curb surging oil prices, Kyodo news agency reported, as Prime Minister Fumio Kishida signaled his readiness to counter oil price hikes following a request from the US. However, Japan may struggle to justify such a move, as under its own laws … Read more
According to details, Good news for Pakistan, discovery of underground gas and oil reserves in Sindh, gas from Sindh has been named as Shell and Tight. In the first phase, OGDCL will dig in Sindh to look for shale and tight gas hidden in the foothills of the mountains. The government has decided to issue … Read more
