Thursday, July 23, 2026

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Shah Muhammad Awan

Chief Editor Daily Soon Times Islamabad, Karachi and Sargodha

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Petroleum

Oil Prices Remain Volatile as Global Economic and Geopolitical Uncertainty Persists

Dua Sehar02 mins

Global crude oil prices remained volatile as investors continued to assess the impact of economic uncertainty, geopolitical tensions, and supply expectations on international energy markets. According to the latest market data, West Texas Intermediate (WTI) crude was trading at $68.97 per barrel, while Brent crude, the global benchmark, stood at $72.50 per barrel. The fluctuating…

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Chinese firm proposes major energy investments in Pakistan with refinery upgrades and offshore exploration

Dua Sehar02 mins

China’s Shandong Xinxu Group has expressed strong interest in making large-scale investments in Pakistan’s energy sector, unveiling proposals that include deep-sea oil and gas exploration, refinery modernization, advanced drilling technologies, and the development of coastal energy cities. The proposals were discussed during a high-level meeting between Federal Minister for Petroleum Ali Pervaiz Malik and Shandong…

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