Islamabad, Oct 5: Oil prices surged on Friday, marking the largest weekly gains in over a year, driven by escalating tensions in the Middle East. Brent crude futures climbed by …
oil prices
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On Sunday, certain OPEC+ members reached an agreement to prolong voluntary reductions in oil output through the second quarter, according to sources. This decision aims to provide additional support to …
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The caretaker government has announced an increase in the price of petrol by Rs4.13 per litre for the upcoming fortnight, as revealed in a notification by the Ministry of Finance. …
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The caretaker government of Pakistan has announced an increase in fuel prices, raising the cost of petrol by Rs2.73 and diesel by Rs8.37. In addition to these adjustments, Light Diesel …
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Latest Updates
Fuel Price Update: Petrol Expected to Hold Steady, Diesel Anticipated to Rise in Pakistan
The caretaker government is reportedly considering a significant hike of Rs8 per litre in high-speed diesel (HSD) prices during the upcoming fortnight revision of petroleum product prices. In contrast, the …
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International
Geopolitical Factors Trump Demand Worries, Pushing Oil Prices Upward Gradually
by Hamza Irshadby Hamza IrshadOn Monday, oil prices experienced a slight increase as traders assessed the impact of conflicts in the Middle East and Ukraine on oil supply amid global economic challenges affecting oil …
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Oil prices experienced an uptick on Tuesday as investors assessed the implications of heightened tensions in the Middle East. Brent crude futures rose by 77 cents, or approximately 0.99%, reaching …
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International
Oil Prices Tumble as Saudi Arabia Implements Aggressive Price Cuts
by Hamza Irshadby Hamza IrshadOil Prices On Monday, oil prices experienced a significant drop of over 2%, driven by Saudi Arabia’s substantial price reductions and an increase in OPEC output. This downturn offset concerns …
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International
Oil Prices Dip 2% Amid Red Sea Tensions and Resumed Ship Movements
by Hamza Irshadby Hamza IrshadOn Wednesday, oil prices experienced a nearly 2% decline, offsetting the gains from the previous day, as investors closely monitored events in the Red Sea. Despite renewed attacks on Tuesday, …
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Latest Updates
Oil prices tumble on worries of waning demand in US and China
by Hamza Irshadby Hamza IrshadOil prices retreated on Monday, reversing the gains seen on Friday, as concerns about diminished demand in the United States and China weighed on market sentiment. Brent crude futures for …