Oil Prices Decline for Third Consecutive Day on Hopes of Limited Saudi Supply Disruptions
Brent crude futures fell 79 cents, or 0.75 per cent, to $104 a barrel, while US West Texas Intermediate (WTI)…
oil prices
Pakistan’s current account deficit narrows to $98m in August
Pakistan’s current account deficit (CAD) narrowed significantly in August, signalling an improvement in the country’s external balance, although a widening…
New attacks heighten tensions amid widespread disruption to oil supplies
Fresh attacks targeting Saudi Arabia and commercial vessels in the Gulf heightened tensions across the Middle East on Sunday, as…
Trump urges Zelensky to halt strikes on Russian oil refineries
US President Donald Trump has urged Ukrainian President Volodymyr Zelensky to stop targeting Russian oil refineries, warning that attacks on…
Brent crude rises above $100 a barrel as Middle East tensions escalate
Brent crude futures rose $2.01, or 2.05 per cent, to $99.93 a barrel by 1:02pm PKT, after touching an intraday…
Why oil prices remain below $100 despite US-Iran supply disruptions
Global oil benchmark Brent crude has risen sharply this month but remains below $100 a barrel despite renewed US-Iran hostilities…
US Strategic Petroleum Reserve weakened as Iran war continues
The US Strategic Petroleum Reserve (SPR), established after the oil crises of the 1970s, stores crude oil in 60 underground…