prices

Qatar’s dispute with Arab states lifts oil prices, may affect Moody’s credit rating

Qatar’s dispute with Arab states lifts oil prices, may affect Moody’s credit rating

News Desk Saudi Arabia and key allies on Monday cut ties with Qatar, the world’s top seller of liquefied natural gas (LNG), accusing it of supporting extremism and sending shockwaves through the energy industry. Saudi Arabia, along with the United Arab Emirates, Egypt, and Bahrain said they would sever all ties including transport links with […]

OIL PRICES FIRM ON STRONG DEMAND, POLITICAL UNCERTAINTY IN SYRIA

OIL PRICES FIRM ON STRONG DEMAND, POLITICAL UNCERTAINTY IN SYRIA

SINGAPORE – Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in US drilling activity kept a lid on gains. Brent crude futures LCOc1, the international benchmark for oil, were at $55.28 per barrel at 0226 GMT, up 4 cents from their last close. US West […]

Oil prices rise on talk that OPEC could extend supply cut

Oil prices rise on talk that OPEC could extend supply cut

Oil prices rise on talk that OPEC could extend supply cut Web Desk Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo SINGAPORE: Oil prices rose on Tuesday on expectations that an OPEC-led production cut to prop up the market could be […]

Increase in petroleum prices challenged in LHC

Increase in petroleum prices challenged in LHC

LAHORE (Yes News) – Increase in the prices of petroleum products has been challenged in Lahore High Court (LHC) today (Thursday). According to details, the plaintiff has demanded to return the additional sales tax. The federal government had increased petroleum prices for fifteen days. The finance minister Ishaq Dar told that petrol prices have been raised […]