Tag Archives: oil prices

Crude down in Asia

Crude oil prices fell in Asia Monday after official data showed China’s manufacturing activity contracting for the second straight month in September, analysts said. New York’s main contract, light sweet crude for

Oil rebounds

Oil prices rebounded in Asian trade Thursday on bargain-hunting but escalating turmoil in debt-wracked Greece and Spain limited gains. New York’s main contract, light sweet crude for delivery in November was up

Refinery sales up 6pc in July

Though volatility in the international oil prices continue to induce volatility in the domestic refinery operation, but there throughput increased by 6pc in July to 697k tons as against 659k tons in

Oil extends gains in Asian trade

Oil prices rose in Asian trade Thursday, extending a rally driven by strong energy demand in the United States. New York’s main contract, West Texas Intermediate for September, was up 10 cents

Oil shallow in Asia

Oil prices were down in Asia Monday with traders taking profits from a rally last week as they awaited the release of Chinese trade data later in the week, analysts said. New

Another low-five

Volatility in the international oil prices made FY12 once again a topsy-turvy year for the refinery sector of Pakistan. The declining trend in refinery production continued for the 4th consecutive year with

Crude up in Asia on bargain-hunting

Oil prices inched up in Asian trade Monday as traders bought up cheap crude following a price plunge late last week caused by disappointing US jobs figures, analysts said. New York’s main

Oil calamity in the making

Iran says if the West blocks its oil exports the crude oil prices may be doubled and severely affect global economy. It is predicted that as decision is implemented the oil price