Ishaq Dar, Pakistan’s finance minister, stated on Wednesday that Pakistan is seriously considering importing oil from Russia. If India is getting oil, Pakistan can also receive it, he added. This …
oil prices
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International
US COULD SELL OIL FROM EMERGENCY RESERVES TO BRING DOWN PRICES
by Hamza Irshadby Hamza IrshadPrior to next month’s legislative elections, the Biden administration intends to sell oil from the Strategic Petroleum Reserve, according to three persons familiar with the situation on Monday. According to …
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On the assumption that demand would go up and Chinese refineries will increase output in response to the issue of new product export quotas, the world’s top oil exporter Saudi …
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International
Oil price declines to $81.80 per barrel as the dollar strengthen
by Hamza Irshadby Hamza IrshadAfter rising by more than $3 the previous day, oil prices somewhat declined on Thursday as fears about the deteriorating economic outlook and a strong dollar limited demand from customers …
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International
Oil prices dropped to $84.51 for a second day on concerns of expected recession
by Hamza Irshadby Hamza IrshadOn Monday, oil prices fell for a second day due to concerns about weaker fuel consumption from an anticipated global recession brought on by rising global interest rates as well …
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On Monday, oil prices declined as the outlook for global fuel consumption was overshadowed by Covid-19 limitations in China and the possibility of additional interest rate increases in the US …
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After breaking through important technical support levels the previous session, oil prices increased by about $1 per barrel on Thursday as investor attention was drawn to the possibility of a …
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International
Reduction in Oil Prices Following Global Crude Supply Cut by OPEC+
by Hamza Irshadby Hamza IrshadOn account of the OPEC+ agreement to cut output by 100,000 barrels per day in October, Oil prices have seen a slight decline in oil prices on Tuesday. This action …
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On Friday, oil prices spiked by as much as $1 on the back of rising optimism about future fuel demand. However, the market was unable to push prices higher because …
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EconomyLatest Updates
Nawaz opposed, Shehbaz endorsed hike in petrol prices: Miftah in trouble as Zardari too speaks against oil prices
by Umar Sohailby Umar SohailISLAMABAD: As the government has increased petrol prices from Monday midnight despite a significant decrease in international oil prices and decline in value of the US dollar in the country, …