oil
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Shell to sell majority stake in Pakistan unit to Saudi oil firm
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[ad_1] A view of a closed petrol pump due to fake news of petrol price hike again in the country. — Online/File Shell Pakistan said its parent company’s unit, Shell Petroleum Company, has signed a deal to sell its 77.42%…
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World Bank sees oil prices hitting $157 if Israel-Hamas war spills over
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[ad_1] A Palestinian man uses a fire extinguisher to douse a fire following an Israeli strike, in Khan Yunis in the southern Gaza Strip on October 14, 2023. — AFP If the war between Israel and Hamas spreads throughout the…
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Weekly inflation eases 1.7% over oil price fall | The Express Tribune
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[ad_1] ISLAMABAD: Owing to the reduction in prices of petroleum products in line with global trend and the fall in dollar rate in the wake of a crackdown on currency smugglers and hoarders, the inflation rate has come down in…
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Israel-Hamas war: Oil prices rise, global stocks fall as humanitarian crisis worsens in Gaza
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[ad_1] A Palestinian youth looks for salvageable items amid the rubble of the Kuhail building, which was destroyed in an early morning Israeli airstrike on Gaza City on Tuesday. — AFP Oil prices rose and global stocks largely fell on…
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Oil surges 2% amid US storage draw | The Express Tribune
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[ad_1] NEW YORK: Oil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected US storage draw and as rising tensions in the Middle East threaten to disrupt oil supplies from the region, with Iran calling for…
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Plan for G2G oil deal with Russia shelved | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to shelve plans for a long-term oil import deal with Russia under a government-to-government (G2G) arrangement and has allowed refineries to strike direct commercial agreements with companies of the European nation. Earlier, Pakistan and…
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Oil dips on report of US-Venezuela deal | The Express Tribune
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[ad_1] HOUSTON: Oil futures fell on Monday on a report the US and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude…
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Israel-Hamas war: Stock markets slide, oil prices surge as humanitarian crisis worsens in Gaza
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[ad_1] Fire and smoke rise after an Israeli air strike targeted the National Bank on Gaza City, on October 8, 2023. — AFP Stock markets declined on Friday, as oil prices rose amid concerns that the Israel-Hamas conflict would affect…
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Israel-Hamas war: Will oil prices keep increasing as attacks on Gaza continue?
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[ad_1] A fireball erupts from an Israeli airstrike in Gaza City on October 9, 2023. — AFP After violence broke out between Israel and Hamas, speculations over how the crisis may affect Middle Eastern energy production caused oil prices to…
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Oil prices hike amid Israel-Hamas war, fueling supply fears
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[ad_1] A plume of smoke rises above buildings in Gaza City on October 7, 2023, during an Israeli air strike. — AFP After Hamas carried out a surprise strike on Israel over the weekend, raising fresh concerns about tensions in…
