After four straight increases, petrol and diesel prices are expected to decrease by approximately Rs9 and Rs3.50 per litre, respectively, in the upcoming fortnight ending August 15, says industry sources on Tuesday. The petrol prices are expected to drop by Rs. 9.07 per litre, while diesel may see a reduction of Rs. 3.73 per litre … Read more
Islamabad: The Pakistan Vanaspati Manufacturers Association (PVMA) has issued a stern ultimatum to the federal government, demanding the resolution of what it calls “excessive and harassing powers” granted to the Federal Board of Revenue (FBR) within 48 hours. Failure to meet the demand, the association warns, will result in a nationwide indefinite shutdown of all … Read more
US will “accelerate” discussions on how to establish a price cap on Russian oil. Discussions are underway with countries around the world to determine if such a mechanism could be implemented by the end of the year when a near-total ban on Russian imports goes into effect in Europe. Those in favor of a price … Read more
France has asked oil producers to set a price ceiling for the commodity in order to put pressure on Russia. The G7 leaders will meet in the Bavarian Alps to discuss this notion. Germany considers that implementing such an oil policy would be too complex. France has asked oil producers to set a price ceiling … Read more
S&P 500 index surrendered early gains to turn negative in the final 30 minutes of the New York trade. Oil companies, notably Marathon Oil and ConocoPhillips, fell as Brent crude decreased by 2.5%. US consumer price inflation reached a 40-year high in May. A fledgling rise in US stocks waned on Wednesday evening, as a … Read more
The formulations contain synergistic oxidation and control mechanisms and are based on plant extracts. Guardian Synerox HT has been demonstrated to reduce frying-oil waste by at least 30% and protect sunflower oil alternatives to rapeseed, palm, and soybean. COPENHAGEN, DENMARK – IFF has launched the Guardian series of products, which are meant to limit oxidation … Read more
World oil markets skilled a rarity this week, because the charge of America benchmark contract, West Texas Intermediate, handed Europe’s Brent North Sea crude for the first time when you consider 2020. Analysts factor to Russia’s invasion of Ukraine as a key thing but there are others, as mentioned under. – Brent v WTI … Read more
Global shares rebounded Friday on China’s interest price cut, after having slumped yesterday on fears that sky-excessive inflation could spark an international downturn. “Markets were seeking out an excuse to dance, and a China price cut provided the reason,” IG analyst Chris Beauchamp instructed. “It isn’t much when set against the broader (rate) tightening we … Read more
Indonesia’s decision to suspend palm oil exports in the face of home shortages has pushed vegetable oil expenses to new highs, similarly tightening a marketplace already on edge because of the war in Ukraine and international warming. The expenses of palm, soybean, European rapeseed, and even its Canadian GMO counterpart, canola oil, have reached historic … Read more
DUBAI: The price of oil surged above $80 a barrel, amid soaring demand from the global economies and increasingly tight supply, Arab News reported. Brent crude, the global benchmark, jumped past the psychologically significant landmark for the first time in three years, after five days of rising prices. Oil analysts believe the surge could have a long … Read more
The international market of oil opened with a high rise as the new year begins, crude oil prices opened with gains in first days of 2020. As per the details, international market of oil awaits additional productivity cuts by members of Organization of the Petroleum Exporting Countries (OPEC) and its allies to trim the glut … Read more
Oil prices saw a record surge after attacks on two Saudi facilities slashed output in the world´s top producer by half, fueling fresh geopolitical fears as Donald Trump blamed Iran and raised the possibility of a military strike on the country. Brent futures surged $12 in the first few minutes of business — the most … Read more
