prices
-
LME cancels nickel trades after prices cross $100,000 | The Express Tribune
.
[ad_1] LONDON: The London Metal Exchange (LME) was forced to halt trading in nickel and said it would cancel trades as prices doubled to more than $100,000 per tons on Tuesday, a surge sources blamed on short covering by one of the world’s top producers. The trading shutdown after Western sanctions threatened supply from major…
-
Indus Motor Company hikes car prices by 18-21% | The Express Tribune
.
[ad_1] KARACHI: Indus Motor Company (Toyota) has increased prices of several models of its completely built-up (CBU) units by Rs1.16-2.28 million following a jump in freight cost and international commodity prices. Speaking to The Express Tribune, Topline Securities analyst Sunny Kumar said that the company hiked prices of cars in the range of 18-21%. The…
-
Oil prices inch closer to $120 as supply tightens | The Express Tribune
.
[ad_1] LONDON: Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions. Support also came from US crude stockpiles at multi-year lows, helping to lift Brent crude futures as high as $119.84 a barrel for the highest level…
-
Market watch: Soaring energy prices drag stocks down | The Express Tribune
.
[ad_1] KARACHI: Bears returned to the Pakistan stock market on Wednesday as the KSE-100 index dipped nearly 300 points, driven down by the spike in global energy prices with no signs of easing of geopolitical tensions. A surge in international crude oil prices past the $110-per-barrel mark sparked concern as it would pile on pressure…
-
Oil prices soar as Ukraine conflict stokes supply concerns | The Express Tribune
.
[ad_1] LONDON: Oil prices surged on Tuesday as concerns over supply disruptions after Russia’s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude futures were up $5.14, or 5.25%, to $103.11 a barrel by 1145 GMT. The benchmark touched a seven-year high of $105.79 after the…
-
Market mixed over cut in fuel, energy prices | The Express Tribune
.
[ad_1] KARACHI: Businessmen and industrialists have welcomed Prime Minister Imran Khan’s announcement of lowering down petroleum prices and power tariff and maintaining them at that level (revised) over the next four months. They, however, cautioned that the decision to cut the energy price was politically motivated which would worsen macroeconomic outlook of the country and…
-
Another big rise in oil prices likely | The Express Tribune
.
[ad_1] ISLAMABAD: As tensions boil over in Europe after Russia’s invasion of Ukraine, the prices of petroleum products in Pakistan are likely to surge by up to Rs9.59 per litre from March 1, 2022. In mid-February, the government has already made a record increase in prices of petroleum products, when it raised the price of…
-
Oil prices take breather as Russia advances further on Ukraine | The Express Tribune
.
[ad_1] LONDON: Oil prices slipped on Friday, after sharp rises in the session, on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract was down $0.33, or 0.3%, to $98.75 a barrel at 1045 GMT, after climbing to as high as $101.99. The more active…
-
OGRA chief hints at further hike in oil prices | The Express Tribune
.
[ad_1] ISLAMABAD: The National Assembly Standing Committee on Petroleum was informed on Wednesday that the prices of petroleum products might increase in the country because of unprecedented hike in the world oil prices, while two tenders for import of liquefied natural gas (LNG) were cancelled. Members of the committee, which met here with Imran Khattak…
-
Surging oil prices add to worries of frazzled investors | The Express Tribune
.
[ad_1] NEW YORK: A US stock market, already on edge from a hawkish Federal Reserve and a conflict between Russia and Ukraine, now has another worry ie higher oil prices. US crude prices stand at around $91 a barrel after surging some 40% since December 1 and earlier this week touched their highest level since…
