Global oil prices climbed for a fourth consecutive session on Wednesday, with Brent crude moving closer to the key $100 per barrel mark as renewed fighting in the Middle East heightened concerns over potential disruptions to global crude supplies. Brent crude futures rose 1.4% to $99.33 a barrel, while US West Texas Intermediate crude gained…
Global crude oil prices edged lower on Thursday as investors assessed the risk of renewed military confrontation between the United States and Iran and its potential impact on oil supplies from the Middle East. Brent crude futures declined by 43 cents, or 0.45%, to $95.20 per barrel, while US West Texas Intermediate (WTI) crude fell…
KARACHI: The Pakistan Stock Exchange (PSX) came under renewed selling pressure on Monday as escalating US-Iran tensions unsettled investors, sending the benchmark KSE-100 Index down more than 400 points during early trading. At around 9:40am, the KSE-100 Index stood at 177,242.03 points, down 454.47 points, or 0.26%, from the previous close. Selling pressure was visible…
The federal government has announced a slight reduction in the prices of petrol and high-speed diesel (HSD) for the next fortnight, offering modest relief to consumers across Pakistan. According to a notification issued by the Petroleum Division, the price of high-speed diesel has been reduced by Rs0.66 per litre, bringing the new retail price down…
The federal government has announced a fresh increase in petrol and high-speed diesel (HSD) prices, with the revised fuel rates taking effect immediately across Pakistan. According to a notification issued by the Ministry of Energy, the price of petrol has been increased by Rs1.09 per litre, raising the new rate from Rs335.06 to Rs336.15 per…
Global oil prices edged lower on Friday as increased crude oil shipments through the Strait of Hormuz eased fears of supply disruptions, despite ongoing geopolitical tensions in the Middle East and uncertainty surrounding diplomatic efforts between the United States and Iran. Brent crude futures fell $1.03 (1.2%) to $88 per barrel, while US West Texas…
Global oil prices surged on Wednesday as escalating military tensions involving the United States, Iran, and Saudi Arabia fueled fresh concerns over oil supply disruptions in the Middle East. Investors reacted to reports of missile attacks and military operations, driving both Brent crude and US West Texas Intermediate (WTI) crude prices sharply higher. Brent crude…
Global crude oil prices have surged this week as escalating US-Iran tensions and ongoing geopolitical conflicts raised fresh concerns over global energy supplies. The uncertainty has pushed physical crude cargo prices to their highest levels in nearly two months, with some shipments approaching $110 per barrel. Crude oil cargoes across the Middle East, Europe, and…
The federal government has announced a fresh increase in the prices of major petroleum products, including petrol, high-speed diesel (HSD), and kerosene oil. The revised prices came into effect immediately and, according to official notifications, will remain applicable for one day. The Oil and Gas Regulatory Authority (OGRA) issued the notification confirming the latest fuel…
The federal government has increased the prices of petroleum products after introducing a daily fuel pricing mechanism, replacing the previous weekly review system. According to a notification issued by the Petroleum Division, the revised prices took effect from midnight on Friday and will remain in force until Monday, July 20. Under the new rates, petrol…
