ISLAMABAD: The international crude oil price of the OPEC basket today crashed below $85 per barrel. For the past many days, OPEC oil was staying around $95 a barrel, but …
international prices
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EconomyLatest Updates
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EconomyExclusiveLatest Updates
OPEC oil plunges below $98/barrel, Brent falls to $94 today
by Umar Sohailby Umar SohailISLAMABAD: The international crude oil price of OPEC (Oil Producing and Exporting Countries) in the Gulf has dropped to under $98/barrel after a gap of many weeks while Brent oil …
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EconomyInternationalLatest Updates
With resurgence of COVID, global oil prices melting down rapidly
by Umar Sohailby Umar SohailResurgence of Covid-19 in different countries caused a much-needed blow to the international crude oil prices. If this trend goes on for another few days, the crude oil prices would …
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EconomyInternationalLatest Updates
EU ban on Russian oil can boost crude oil prices to $150/barrel
by Umar Sohailby Umar SohailIn 2023, BoA sees oil demand approaching pre-Covid levels—but only if Russia’s crude oil and condensate production stays at 10 million bpd and OPEC+’s crude oil output increases.
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InternationalLatest Updates
EU decision to slap ban on oil imports from Russia backfires as it boosts crude oil prices above $123/barrel
by Umar Sohailby Umar Sohail“Agreement to ban imports of Russian oil by the EU covers more than two thirds of oil imports from Russia, cutting a huge source of financing for its war machine,” …
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EconomyLatest Updates
petrol prices to Stay Same After tax rates Increased
by Umar Sohailby Umar SohailISLAMABAD: Despite decline in international prices, the government on Tuesday decided to keep the prices of all major petroleum products unchanged for the next 15 days by increasing tax rates …
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EconomyLatest Updates
petrol prices to Stay Same After tax rates Increased
by Umar Sohailby Umar SohailISLAMABAD: Despite decline in international prices, the government on Tuesday decided to keep the prices of all major petroleum products unchanged for the next 15 days by increasing tax rates …