oil
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Oil falls below $100 | The Express Tribune
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[ad_1] LONDON: Oil prices dropped to their lowest in almost three weeks on Tuesday as Russia indicated it is in favour of the Iran nuclear deal resuming as soon as possible. Ceasefire talks between Russia and Ukraine further eased fears of supply disruptions and surging Covid-19 cases in China fuelled concerns about slower demand. Brent…
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Oil falls 8% on negotiation hopes | The Express Tribune
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[ad_1] Oil prices dropped about 8% on Monday to the lowest in two weeks, as diplomatic efforts between Ukraine and Russia looked like they might end their conflict, which would boost global supplies, while a pandemic-linked travel ban in China cast doubt on the demand outlook. Brent futures fell $8.64, or 7.7%, to $104.03 a…
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Oil price cut to eat up Rs28 billion | The Express Tribune
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[ad_1] ISLAMABAD: The government is going to pay a heavy sum of Rs28 billion to keep petroleum product prices at current levels for a fortnight amid swelling global crude oil prices because of the ongoing Russia-Ukraine conflict. Earlier, Prime Minister Imran Khan announced a reduction of Rs10 per litre in petroleum prices and that the…
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US benchmark WTI oil price sinks 5% on Ukraine, China
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[ad_1] — AFP LONDON: US benchmark oil West Texas Intermediate slid Monday on Ukraine peace hopes and after major consumer China imposed a Covid lockdown on the tech hub of Shenzhen. WTI slid almost 5.1% to $103.80 per barrel, while European benchmark Brent North Sea crude shed 4.0% to $108.13. “Prices are falling… due to…
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Oil falls $7 on Russia-Ukraine talk hopes, China lockdowns | The Express Tribune
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[ad_1] LONDON: Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in Covid-19 cases in China spooked the markets. Brent was down by $6.78, or 6%, at $105.89 a barrel at 1358 GMT and US crude fell…
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Moscow seeks Indian investment in oil, gas sectors | The Express Tribune
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[ad_1] NEW DELHI: Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Russia’s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow’s…
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Weekly review: Soaring oil prices drag KSE-100 index down by 898 points
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[ad_1] A person stanidng in front of a scren at the stock exchange. — AFP/File KARACHI: Amid looming uncertainty on the political front and rising oil prices in the international market, the bears regained control of the Pakistan stock market in the outgoing week, droving the index back into the negative territory. The benchmark KSE-100…
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Russia seeks Indian investment in its oil and gas sector | The Express Tribune
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[ad_1] NEW DELHI: Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Russia’s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow’s…
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Oil rises as traders assess supply issues | The Express Tribune
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[ad_1] BENGALURU: Oil prices rose Friday but were still headed for a weekly decline as traders weighed headlines around Russia and Iran suggesting more possible supply disruptions, versus those promising remedies in a tight market. Benchmark futures have soared since Russia’s invasion of Ukraine and hit their highest levels since 2008 at the start of…
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Oil prices slide in volatile session | The Express Tribune
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[ad_1] BENGALURU: Oil prices gave up gains to trade lower on Thursday after its biggest plunge in two years in the previous session, as traders debated if the market’s supply disruption concerns were overdone after Russia pledged to fulfill contractual obligations. Since Russia’s February 24 invasion of Ukraine, oil markets have been the most volatile…
