Tag: #CrudeOil
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Crude oil prices fall by 4% in global market
Crude oil prices fell by 4% in global market due to Russia-Ukraine increasing tensions. During the trading session, Brent crude was trading at 92 dollars and 86 cents. On the other hand, the price of gas in the world market has increased by 3%. Gas is being traded at 4.33 dollars per unit. Petrol has…
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Government raises petroleum prices by Rs 12 per litre
The government has sharply increased the prices of petroleum products by Rs. 12 per litre. According to the notification issued by Finance Division, the price of petrol has been increased by Rs. 12.3 per litre and the new price of the petroleum will be Rs. 159.86 per litre. The notification further stated that the price…
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Tensions in Arab countries, oil prices at 7-year high
Lahore: Rising tensions in the Arab world are also reported to be affecting oil prices, which have reached a seven-year high. According to Arab media, a drone strike was carried out by Houthi rebels at Abu Dhabi airport yesterday in which a Pakistani was killed. Since the attack, the price of oil has risen by…
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Crude Oil: Composition, Classification & Need
This opinion article is by Dr Khalid Nabi. The whole world’s economy, directly or indirectly, depends on the production of Crude Oil and its subsequent conversion into useful and saleable products. These products may range from the likes of Gasoline, Diesel, Jet Fuels, Fuel Oils, Fuels for large ships and Asphalts, respectively. The Petroleum Chemistry…
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Shaikh, Shale or the Czars: Who is going to win this Oil price and production war?
This opinion has been shared by Mr. Mir Mohammad Ali Khan. We all woke up to a crisis in the oil markets yesterday. It was a 31% drop within seconds. The second highest drop since January 1991 when the Gulf War had broken out. Most of the millennials will not remember that. I remember it…
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Saudi Revolt: Why Oil crash may be bad news for India?
New Delhi (10th Mar, 2020): Crash in Oil prices as Saudia Arabia initiates price war amid Royal family tensions, causes India to despair. According to reports of Baaghi TV, the economic boost associated with decline in crude oil prices globally, may not be a very appealing prospect for India amidst KSA’s war against Oil prices.…
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Saudi Revolt: Oil prices crash amid clashes in the Royal family
Pakistan (9th Mar, 2020): Oil prices fall by an almost thirty percent due to the rising tensions in the Saudi Royal family. According to reports of Baaghi TV, the oil prices have dropped to as low as thirty percent. This is reportedly one of the biggest single-day drop till date. Delhi riots: Is India truly…
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Crude and gold extend gains, stocks sink on fear of US-Iran war
Hong Kong, Jan 6 (AFP/APP): Oil prices surged, gold hit a more than six-year high and equities tumbled Monday after the US assassination of a top Iranian general last week fanned fears of a major conflict in the Middle East. Donald Trump warned of a “major retaliation” against Tehran after it threatened revenge for the…
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Crude Oil prices affected by crisis in the Middle East
Oil prices skyrocket in international market following the aftermath of the assassination of Iranian general, Qassem Suleimani. According to reports of Baaghi TV, immediately after the announcement of Qassem Suleimani’s death, oil prices in the international market have increased by an approximate four percent. Suleimani, who was on the United States list of terrorists, was…