Tag: oil prices

Oil prices rise after Saudi Arabia cuts ties with Iran

  Oil prices rose in Asia on Monday after crude kingpin Saudi Arabia cut diplomatic ties with Iran following a row over Tehran’s execution of...

PIAF wants oil prices reduced

    The benefit of historic oil price fall in the international market has not fully been passed on to the general public while its impact...

Oil prices up in Asia ahead of OPEC meeting, US report

Oil prices climbed in Asia Tuesday ahead of a key meeting of the Organization of Petroleum Exporting Countries (OPEC) and a report on US...

Oil prices up on geopolitical tensions sparked by Paris attacks

  Oil prices climbed in Asia Monday after geopolitical tensions were sparked by the deadly terror attacks in Paris, but analysts said a global crude...

Petrol prices likely to rise from Nov 1

The Oil and Gas Regulatory Authority (OGRA) suggested raising the prices of petrol, diesel and high octane blending component and kerosene on Thursday. The move,...

Kuwait says no plan for oil summit to boost prices

The Organization of the Petroleum Exporting Countries (OPEC) oil cartel has no plan to participate in an oil producers’ summit proposed by Venezuela to...

UIG Group Chairman asks Pakistan to take benefit from int’l oil...

Chairman of the United International Group Mian Shahid on Sunday said Pakistan can benefit from receding international oil prices by using it as an...

Oil and stocks come crashing down as China ‘stretches’

A selloff in global stocks gathered pace Monday, hot on the heels of the steepest one-week decline in years for many major markets.

Greenback moves up amid oil payments pressure

Despite improvement in reserves and other economic indicators of Pakistan, the Rupee has started to weaken in Pakistan while the US currency will further improve its position till end of next June this year, analysts said.

Oil hits five-year low before rallying above $62

The Organization of the Petroleum Exporting Countries has kept production steady, worried that any reduction in its output would have little impact on price and instead mean surrendering market share.

Oil prices drop below $60 a barrel

US oil prices tumbled below $60 a barrel for the first time since July 2009 on Thursday, taking the shocking loss since June to...

Oil down in Asia on US fiscal cliff worries

Oil prices were lower in quiet Christmas eve trade Monday with traders discouraged by a political stalemate in the US over a deal to...

Oil up in Asia on upbeat China manufacturing data

Oil prices gained in Asia Monday as traders welcomed data indicating a continued economic pick-up in China, the world’s largest energy consumer, analysts said....

Oil prices up in Asian trade

Oil prices were higher in Asian trade on Wednesday as the euro strengthened against the dollar but sentiment was weighed by uncertainty over untangling...

Oil prices up in Asia on Middle East fears

Crude prices rose in Asia Monday after UN chief Ban Ki Moon warned that Israel’s new resettlement plans would deal an “almost fatal blow”...

Crude up in Asia on US stockpile fall

Oil prices rose in Asian trade Wednesday on an unexpected fall in US crude stockpiles, analysts said. New York’s main contract, light sweet crude...

Oil down in Asia on weak US, eurozone data

Crude oil prices fell in Asia on Friday as investors took their cue from weak economic data out of the United States and Europe,...