Oil prices drop on easing fears over Middle East
- 15-Oct-2024
Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran’s crude or nuclear facilities in retaliation for a missile attack earlier this month. The sell-off came as the commodity is hit by worries about China’s economic outlook after Beijing failed […]
Pakistan to save $3-3.5B as international oil prices drop
- 23-Sep-2024
ISLAMABAD: A significant expected decline in oil prices in the global market is going to bring considerable economic relief to Pakistan, yielding annual energy import savings of $3.0 to $3.5 billion. As crude oil prices have fallen to a three-year low of below $70 per barrel, with forecasts predicting further drops to around $60 per […]
Petrol prices likely to decrease as international oil prices drop
- 15-Sep-2024
KARACHI: The masses are set to have some relief in petrol prices as international oil prices have significantly dropped by 8.5%, plummeting from USD 79.39 per barrel on August 30, 2024, to USD 72.67 per barrel. This development marks a notable shift in the global energy markets. This decline in petrol prices is largely attributed […]