Tue, 21-Oct-2025

Rupee continues to fall on global oil price surge

libyan oil

KARACHI: The rupee fell 4 paisas against the dollar on Wednesday, owing to a surge in the price of the global crude oil market. The rupee ended at Rs176.22 to the dollar, compared with the previous day’s closing of Rs176.18 in the interbank foreign exchange market. The dealers said that panic buying for dollars continued … Read more

Turkey restarts ruptured Iraq oil link

turkey

ISTANBUL: Turkey’s state oil operator on Wednesday said that it had resumed crude flows through a ruptured pipeline linking Iraqi energy fields with international markets. Tuesday’s blast along the Kirkuk-Ceyhan link in southern Turkey contributed to a rise in international crude oil prices to a seven-year high. The pipeline normally carries more than 450,000 barrels … Read more