crude oil prices – BOL News Staging

Pakistan faces fuel price hikes despite global oil stabilization

July 18, 2025 by Abid Khan

Over the past month, the government of Pakistan has implemented three increases in the prices of petroleum products, sparking concern and debate among consumers and analysts alike. Despite the government asserting that the economy remains stable, these successive price hikes have raised eyebrows about underlying economic policies and market dynamics. Petrol and Diesel Prices Surge: … Read more

Oil prices hit 5-month high after Iran votes to close Strait of Hormuz

June 23, 2025 by Fakhra Intezar

Oil prices surged to their highest levels in five months on Monday following Iran’s parliamentary approval of a motion to potentially close the Strait of Hormuz, a critical chokepoint for global energy supplies. Brent crude increased by 0.8%, reaching $77.62 per barrel, while West Texas Intermediate rose to $74.42. Over the weekend, prices briefly soared … Read more

Oil prices surge in global markets following Israeli airstrikes on Iran

June 13, 2025June 13, 2025 by Fakhra Intezar

LONDON: Crude oil prices spiked in international markets following Israel’s airstrikes on Iran, raising concerns over potential disruptions in Middle East oil supplies. Analysts warn that continued escalation could lead to further instability in global energy markets. Recent Israeli airstrikes on Iran have led to a sharp rise in crude oil prices across global markets. … Read more

International drop in crude oil prices

September 9, 2024 by Yasin Fatima

Oil prices decreases as Russia sanctions stay in focus

The cost of oil has dropped to prices below 70 dollars in the international market.

As per the details, Libya has agreed to revive its crude oil export; subsequently, the effect on the demand side has reduced the prices.

The cost of crude oil in the international market is decreasing by $1.5 to $2 daily. Currently, it is being traded at around $68 in the global market.

Internationally, American crude oil is being traded at $67.67 as the price dropped by $2.14.

On the other hand, the cost of British crude oil decreased to $71 following a $1 drop.

[embedpost slug=”bangladesh-seeks-collaboration-with-saudi-arabia-for-crude-oil-imports/”]

E&P companies to remain on investors’ radar at PSX

March 6, 2022 by Muhammad Zubair

KARACHI: The Pakistan bourse increased 1.3 per cent during the week ended March 4, 2022, which can largely be attributed to the contribution from the E&P, which gained on account of run up in the crude oil prices, amid the ongoing Russia and Ukraine conflict that has resulted in higher international commodity prices. The Pakistan … Read more

Energy prices drive German inflation up again in February

March 1, 2022 by Shaista Zafar

FRANKFURT: German inflation rose again in February, official data showed on Tuesday, as the crisis in Ukraine added to fears that energy prices could keep inflation in the eurozone higher for longer. Consumer prices rose by 5.1 per cent annually in February, according to the federal statistics agency Destatis, after the pace slowed in January … Read more

OGDC records Rs35.25 billion profit in 2QFY22

February 23, 2022 by Shaista Zafar

KARACHI: The profit after tax of Oil & Gas Development Company (OGDC) showed a growth of 87 per cent to Rs35.25 billion translating into the earnings per share (EPS) of Rs8.22 during the second quarter of fiscal year 2022. The company recorded a profit of Rs18.82 billion (EPS: Rs4.4) during the second quarter last year. … Read more

Asia Pacific shares escalate after China release June Inflation Data

July 9, 2020July 9, 2020 by Web Desk

As China releases inflation data for the month of June, the share market in the Asia Pacific witnessed an increase in morning trade. According to data provided, Asia Pacific stocks saw a strong performance so far this week. The Shanghai Composite gained 0.17% in the morning trade. Shenzhen component advanced 0.877%. Hong Kong’s Hang Seng … Read more

Oil Prices Down to $42.95 a barrel as US confirms more COVID-19 cases

July 8, 2020July 8, 2020 by Web Desk

The Oil prices witnessed a decrease of 0.3% to $42.95 a barrel, in early trade on the third day of the business week. The decrease is due to the concerns that the United States of America, which is the biggest oil consumer will limit the use, as the country witnessed the surge in novel coronavirus … Read more

Crude Oil Prices low down, Gold Boosts up in Asia Pacific market

February 21, 2020 by Web Desk

Crude oil prices cut down on Friday in Asia Pacific trade with the market still depressed by worries linked to the coronavirus that has killed at least 2000 in the mainland China and beyond. South Korea stepped up measures to contain the contagion following a second day of sharp rises in infections, a development Prime … Read more

Middle East tensions-Crude oil prices increases

January 8, 2020 by Komal Fatima

Crude oil prices have increased after the US troops were attacked by ballistic missiles in Iraq. The price of Brent crude has increased by 2.5% and has reached $69.94 per barrel. Oil supplies in the Middle East can get affected after an increase in prices. AxiTrader’s Stephen Innes said over the initial reports, “It’s not … Read more

Menu

Latest

Entertainment

Lifestyle