Tag: #Crude Oil
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Pakistan Medical Association Condemns Government Over Fuel Price Increase
Karachi (Dawn News) — March 09, 2026: The Pakistan Medical Association (PMA) has strongly criticised the government following the latest increase in fuel prices, calling the move “unprecedented” and urging authorities to reverse the decision immediately. According to reports, PMA Secretary General Dr. Abdul Ghafoor Shoro described the decision as “highly condemnable and regrettable,” stating…
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Petrol Bomb: When the Burden of Governance Falls on the People
By Major (R) Haroon Rasheed, a Defense and Strategic Analyst specializing in South Asian military dynamics, deterrence strategy, and defense modernization, and a member of the Research and Evaluation Cell for Advancing Basic Amenities and Development. Pakistan is once again witnessing what the public commonly calls a Petrol bomb. The recent increase of approximately Rs.…
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Truth is Louder than Propaganda
This article is written by Mian Haroon Masood, a political leader based in Gujrat, Pakistan. Crude oil prices have already surged by more than $25 per barrel, and with Kuwait reportedly shutting down production, the global market may soon witness oil touching the $100 per barrel mark. Such a spike would have far-reaching consequences for the…
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UN continue efforts to remove Crude Oil from tanker in Red Sea
United Nations (UN) steps up efforts to remove crude oil from a decaying supertanker carrying approximately a million barrels, off the coast of Yemen. The UN mission is focused on averting what could possibly be the world’s worst ecological disaster in decades, according to CNN. The supertanker which has been moored five miles off the…
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Impact on Pakistan’s economy upon importing Russian oil
Pakistan is set to receive its first consignment of blended oil from Russia soon, which will partially meet its energy demands. Pakistan lacks the technology to refine crude oil into blended oil, and Russia has agreed to export the latter. Interestingly, Russia has agreed to accept payment in Chinese yuan, UAE dirham, and the Russian…
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Russia warns Western plans to impose oil import ban could result in prices doubling
Russia warns Western oil imports ban could result in oil prices doubling and prompt the closure of the main gas pipeline from Russia to Germany.
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Oil price jumps $10 a barrel, shares sink as conflict in Ukraine deepens
The price of oil jumped more than $10 a barrel and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia
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OPEC and allies agree to modest oil output boost
OPEC and its allies decided to maintain their policy of modestly boosting oil output next month
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Government reduces price of petroleum products
Following the drop in global crude oil prices, the government has reduced the prices of petroleum products in Pakistan with effect from Dec 16 (Thursday)
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Oil Prices Plunged as New Covid-19 Variant Raised Fears
(Reuters) – Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020, as a new variant of the coronavirus spooked investors and added to concerns that a supply surplus could swell in the first quarter. Oil fell with global equities markets on fears the variant, could dampen economic growth and…