Pakistan to offer gas fields to foreign explorers
ISLAMABAD, Mar 12 (Reuters): Pakistan plans to offers dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors.Much of the mineral-rich South Asian...
Read more
‘US-China trade tensions to hammer air cargo’
SINGAPORE, Mar 12 (AFP): Trade tensions between the US and China will hammer air cargo this year, an industry body warned Tuesday, the latest sign the tariff slugfest is damaging the global outlook.The world's top two economies have been locked in a trade war since last year, swapping tit-for-tat duties...
Read more
Oil rises on cuts to Saudi, Venezuelan exports
LONDON, Mar 12 (Reuters): Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia's plan for further voluntary supply curbs in April and a cut in oil exports from Venezuela due to a power outage.Saudi Arabia, seeking to drain a supply glut and support prices, plans in...
Read more
Gold firms as dollar wilts on amended Brexit deal
BENGALURU, Mar 12 (Reuters): Gold edged higher on Tuesday, supported by a retreat in the dollar after an apparent breakthrough in Brexit negotiations between the EU and Britain, although rallying equities capped bullion's gains.Spot gold rose 0.2 per cent to $1,295.89 per ounce as of 1055 GMT, while US gold...
Read more
Iran to launch new dev phases of South Pars gas field
DUBAI, Mar 12 (Reuters): Iran is to launch four new phases at South Pars, the world's largest gas field, with a production capacity of up to 110 million cubic meters per day, the oil ministry said on Twitter on Tuesday.No additional information was provided on when the four new phases...
Read more
