international oil prices Archives -

Oil prices on track for weekly loss as Chinese demand wanes

November 15, 2024November 15, 2024 Admin

HOUSTON: Oil prices slipped on Friday and were bound for a weekly loss as investors digested waning Chinese demand and a possible slowing of the U.S. Federal Reserve’s interest rate cut path. Brent crude futures dropped 71 cents, or 0.98%, to $71.85 a barrel by 10:32 a.m. EDT. U.S. West Texas Intermediate crude futures were down 72 cents, or 1.05%,…

Petrol Goes Up By 5% in 2 WeeksStatus Quo in Petroleum Prices Should’ve Been MaintainedAtif Ikram Sheikh

April 17, 2024April 17, 2024 Admin

Karachi (PR): Mr. Atif Ikram Sheikh, President FPCCI, has maintained that the government should have kept the petroleum prices unchanged – given the slide in international oil prices by $1 per barrel on the back of relative calm in West Asian region after Iran – Israel conflict did not go out of hand as expected; and, the demand destruction due…