Oil prices posted modest gains on Friday as investors remained cautiously optimistic about ongoing diplomatic efforts between the United States and Iran, while monitoring crude supplies from the Middle East ahead of the long US holiday weekend. International benchmark Brent crude rose 17 cents, or 0.24%, to $72.10 per barrel, while US West Texas Intermediate […]
Brent crude
Saudi Aramco boosts Ras Tanura oil exports to Asia
Saudi Aramco has significantly increased crude oil exports from Ras Tanura, the world’s largest oil export terminal, after resuming operations following a nearly four-month suspension. At least five supertankers carrying a combined 10 million barrels of Saudi crude have already passed through the Strait of Hormuz, signalling a major rise in shipments to Asian markets. […]
Oil climbs as Iran-US talks falter
Oil prices rose on Wednesday as uncertainty over Iran-US negotiations renewed concerns about crude supplies from the Middle East. Investors feared stalled diplomatic efforts could prolong regional supply disruptions. The gains reflected growing caution in global energy markets. Brent crude futures rose 33 cents, or 0.45%, to $73.28 a barrel, while US West Texas Intermediate […]
Oil prices rose after renewed US-Iran strikes disrupted shipping through Strait of Hormuz
Oil prices climbed on Monday as renewed military exchanges between the United States (US) and Iran raised concerns over energy supplies and shipping through the Strait of Hormuz, one of the world’s most important oil transit routes. Brent crude futures rose 58 cents, or 0.8%, to $72.57 per barrel, while US West Texas Intermediate (WTI) […]
Global oil falls, Pakistan fuel unchanged
Global crude oil prices have returned close to pre-war levels, yet Pakistan has kept petrol and diesel prices unchanged for the coming week. The decision means consumers will not benefit from the latest decline in international oil markets. Analysts say the move has sparked fresh debate over fuel pricing and government policy. Brent crude fell […]
Oil prices fall as Hormuz shipments resume
Global oil prices fell nearly two percent on Friday as crude shipments through the Strait of Hormuz continued recovering. The decline came despite a cargo vessel being struck near Oman a day earlier. Lower supply concerns eased pressure on energy markets and oil traders. Brent crude dropped 1.99 percent to $73.76 per barrel, while US […]
Oil prices retreat as Middle East supply recovers
Global oil prices fell sharply on Thursday, returning to levels seen before the Iran conflict as markets responded to improving supply conditions and reduced concerns over disruptions in the Middle East. Brent crude for August delivery dropped 1.46 percent to $72.66 per barrel, while US West Texas Intermediate fell 1.19 percent to $69.50 per barrel, […]
Oil prices fall after US, Iran talks ease supply fears
Global oil prices fell on Monday after diplomatic talks between the United States (US) and Iran concluded in Switzerland, easing fears of a potential supply disruption in international energy markets. Brent crude dropped by $1.68, or 2.09%, to $78.89 per barrel, while US West Texas Intermediate (WTI) crude also declined ahead of the contract expiry. […]
Petrol price relief likely as global oil falls
Pakistani consumers could see relief at fuel stations in the coming weeks as international crude oil prices continue to decline after recent geopolitical tensions eased. The downward trend in global energy markets has increased expectations that domestic petroleum prices may also move lower during the next review period, offering some support to households and businesses […]
Oil prices surge as US-Iran tensions threaten supplies
Global oil prices climbed sharply on Thursday after tensions between the United States and Iran intensified, raising fresh concerns about energy supplies from the Middle East. Investors reacted to reports of further military escalation and growing uncertainty surrounding one of the world’s most important oil transportation routes. Brent crude rose by $1.48 to reach $94.58 […]