Oil prices edged higher on Thursday as escalating tensions between the United States and Iran fueled investor concerns, pushing Brent crude near $69.74 and U.S. West Texas Intermediate to $65 per barrel. The gains reflect geopolitical uncertainty coupled with expectations of steady global demand. Brent crude futures rose 34 cents, or 0.49%, while WTI increased […]
energy demand
Pakistan asks Qatar to divert 24 LNG cargoes
ISLAMABAD – Pakistan has asked Qatar to divert 24 of its contracted LNG cargoes to the international market in 2026 due to declining domestic demand and an oversupply of imported gas, The News reported on Saturday. Officials from the Petroleum Division said the proposal would be finalised by the end of October under the Net […]