oil
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Oil slumps 5% on recession concerns | The Express Tribune
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[ad_1] Oil prices tumbled about 5% to a three-week low on Friday, led by a slump in US gasoline futures, as investors were worried that interest rate hikes from major central banks could slow the global economy and cut demand…
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Oil rebounds on new Iran sanctions | The Express Tribune
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[ad_1] NEW YORK: Oil prices rebounded from earlier losses after the United States announced new sanctions on Iran, and as supply concerns remain at the forefront for energy markets that have seen prices soar throughout the year. The market had…
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Russia becomes India’s second biggest oil exporter | The Express Tribune
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[ad_1] NEW DELHI: Russia rose to become India’s second biggest supplier of oil in May, pushing Saudi Arabia into third place but still behind Iraq which remains No. 1, data from trade sources showed. In May Indian refiners received about…
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Oil jumps to 13-week high on US demand | The Express Tribune
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[ad_1] NEW YORK: Oil prices jumped over 2% to a 13-week high on Wednesday as US demand for gasoline keeps rising despite record pump prices, while expectations that China’s oil demand will increase faced growing supply concerns in several countries,…
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Oil prices dip but stay close to $120 | The Express Tribune
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[ad_1] Oil prices dip but stay close to $120 Saudi Arabia raised price for Arab Light crude supply to Asia buyers LONDON Oil prices dipped on Monday after topping $120 a barrel as Saudi Arabia raised crude prices for July….
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Palm oil imports to rise as Indonesia lifts ban | The Express Tribune
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[ad_1] ISLAMABAD: Indonesian Ambassador to Pakistan Adam Mulawarman Tugio has said that Indonesia has lifted the global ban on palm oil export last week and now palm oil supply to Pakistan will improve. “Indonesia is the largest supplier of palm…
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Kazakhstan renames its oil | The Express Tribune
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[ad_1] Kazakhstan is changing the name of the oil it exports via Russian sea ports to Kazakhstan Export Blend Crude Oil (KEBCO) to dissociate it from oil originating in Russia in order to avoid sanction risks and issues with financing….
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Oil rises despite OPEC+ output hike plan | The Express Tribune
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[ad_1] NEW YORK: Oil rose on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned won’t much affect tight global supply and by rising demand as China eases Covid restrictions. The Organisation of…
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Asian markets drop on recession fears, output report drags oil down
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[ad_1] Photo: AFP/file HONG KONG: Equities fell in Asia on Thursday as traders grow increasingly worried that central bank moves to rein in inflation could tip economies into recession. However, price pressures were eased by a drop in crude…
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Asian markets mixed on inflation worry, oil bounces after drop
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[ad_1] Photo: AFP/file HONG KONG: Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing. Oil rallied after seeing a sharp drop earlier on reports that OPEC was considering…
