oil
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Notable oil and gas reserves discovered in Sindh’s Daharki | The Express Tribune
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[ad_1] DAHARKI: In a significant development that brings relief to the people of Pakistan grappling with a persistent gas shortage, Mari Petroleum Company Limited (MPCL) on Monday announced the discovery of notable oil and gas deposits in Daharki district of…
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Oil steady as OPEC retains demand forecasts | The Express Tribune
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[ad_1] LONDON: Oil prices were little changed on Tuesday as OPEC stuck by its forecast for demand growth this year and next, amid persistent tensions in the Middle East and beyond. Brent futures for May delivery were up 24 cents…
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Edible oil industry advocates tax reform | The Express Tribune
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[ad_1] The government should contemplate imposing a 20-22% sales tax and a 5% income tax on commercial importers to discourage them, said KK Group of Industries CEO Khalid Islam Sheikh. Photo: file KARACHI: Edible oil manufacturers have called for reducing…
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Oil rises 1%, heads for weekly gain | The Express Tribune
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[ad_1] Oil prices rose on Friday and were on track for gains of almost 7% week-on-week, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures rose 79 cents, or 0.97%, on…
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Govt to permit re-export of oil by foreign suppliers | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has announced plans to permit the import, local sale, and re-export of petroleum products facilitated by foreign suppliers. This decision, aimed at streamlining trade processes, involves amendments to the Customs Rules, 2001, introducing the Customs…
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Oil surges massively amid US, UK strikes on Houthis — What does it mean for petrol prices?
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[ad_1] Yemenis wave flags and chant slogans during a pro-Palestinian march in the Houthi-controlled capital Sana’a on December 8, 2023. — AFPWhile equities increased on Friday due to US inflation data that supported investors’ belief that interest rates could soon…
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Despite reduction, oil prices still higher | The Express Tribune
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[ad_1] KARACHI: Hyderabad Chamber of Small Traders and Small Industry President Muhammad Farooq Shaikhani has praised the government’s decision to reduce petroleum product prices, stating that this step will help mitigate the wave of inflation in the country. He said…
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Saudi Arabia’s oil giant Aramco to invest in Pakistani company
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[ad_1] A view of the Saudi Aramco oil facility. — AFP/File ISLAMABAD: In a major development, Saudi Arabia’s oil giant Aramco on Tuesday signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd (GO), making…
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Saudi Aramco to buy 40% stake in major Pakistani oil company | The Express Tribune
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[ad_1] KARACHI: Saudi Arabia’s Aramco Tuesday signed an agreement to acquire a 40% equity stake in a Pakistani gas and oil company, said a statement from the Saudi company. Aramco Executive Vice President of Products & Customers Yasser Mufti, Chief…
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Oil prices fall amid US production, China energy concerns
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[ad_1] An oil plant located in the United States. — AFP/File In response to indications of increased production in the US and prospects of poor energy demand in China, investors in New York responded by sending oil prices down more…
