NEW DELHI – Oil prices edged lower in early Friday trade, giving up some of the sharp gains from the previous session but staying on track for a weekly increase, as new U.S. sanctions on Russia’s top oil producers stoked global supply concerns. Brent crude futures slipped 36 cents, or 0.55%, to $65.63 a barrel, […]
Global oil market
Oil Prices Drop as Israel-Hamas Ceasefire Plan Eases War Risk Premium
SINGAPORE – Oil prices fell in early Asian trade on Thursday as Israel and Hamas agreed to the first phase of a plan to end the war in Gaza, reducing the geopolitical risk premium that had been supporting global oil markets. Brent crude futures dropped 51 cents (0.77%) to $65.74 per barrel, while U.S. West […]
Oil Prices Surge After Israeli Attack on Qatar
Global oil markets saw a sharp rise in prices following Israel’s airstrike on Qatar. The sudden escalation in the Middle East has fueled concerns about supply disruptions and increased market uncertainty. According to market data, U.S. WTI crude rose by 0.6%, reaching $62.63 per barrel, while Brent crude also climbed by 0.6%, trading at $66.39 […]
Govt reduces petroleum, diesel prices by Rs2 per litre: Asad Umer
ISLAMABAD: The federal government on Friday has decreased the prices of petroleum by Rs 2 per liter. Finance Minister Asad Umer while addressing a press conference along with Planning Minister Khusro Bakhtyar and Minister of State for Revenue Hammad Azhar said that PTI government has decided to reduce the price of petrol by Rs 2, […]