CARACAS/BEIJING/NEW YORK: Russia has pledged full political and diplomatic support to Venezuela as tensions escalate following US action against sanctioned Venezuelan oil tankers in the Caribbean. Read More: Oil price rise on US sanctions, Venezuela tanker risks The commitment was conveyed during a phone call between Russian Foreign Minister Sergei Lavrov and his Venezuelan counterpart Yvan Gil. […]
global oil prices
High oil prices in int’l market cause of readjustment in prices: Fawad
ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain said on Sunday that propaganda about the rise in oil prices was being done as if Pakistanis lived on a separate planet away from the rest of the world. In a tweet, he said if oil and gas prices go up in the world, Pakistan will […]
Oil prices jump on surging US stock demand
NEW YORK: Crude stocks in the US plummeted to their lowest levels in three years due to refinery activity recovering from recent storms, and as a result, oil prices increased $1. Demand for petroleum has risen to pre-pandemic levels, according to latest US economic estimates. Good product supply in the last four weeks came in […]
PSX recovers from its lows, yet closes 0.4% down
Pakistan’s equity market witnessed a volatile week where the benchmark index closed Friday at 37,131 points, down 0.4 percent from last week. Average daily volume remained subdued at 122 million shares while average value traded slid 15 percent to US$33 million per day. At the verge of entering an IMF program, economic clarity continues to […]