Most of the stock markets were closed throughout the Gulf in red, as it retracted the low oil prices and the incompetence of the investor due to the possible transformations in the dynamics of American -Chinese trade. Brent crude prices fell more than 1 % after the weekend from OPEC+ to accelerate the increase in … Read more
Kuwait Foreign Petroleum Company (KFPEC), a long -term player in the energy market in Pakistan, has confirmed its participation in the upcoming foreign bidding round. A high -level meeting was held between the Federal Minister of Petroleum, Ali Berfiz Malik and Ali Tahit Timimi, the rural director of Kufpec and the head of the Pakistan … Read more
The International Monetary Fund (IMF) reduced its expectations for GDP growth in the Kingdom of Saudi Arabia in 2025, reducing this to 3 %, with a decrease from a previous estimate of 3.3 %. This review reflects the ongoing challenges of oil -dependent economies, as the International Monetary Fund also modifies its growth to the … Read more
Pakistan has witnessed an increase in imports of edible oils during the first three quarters of the current fiscal year, as soy oil imports increased by 116.37 % and palm oil rose by 23.42 %, compared to the same period last year, according to the data of the Pakistani Statistics Office. From July to March … Read more
Oil prices fell more than 2 % on Monday amid signs of progress in nuclear talks between the United States and Iran and concerns about the global economic conditions associated with definitions. Brent crude decreased $ 1.54, or 2.3 %, to 66.42 dollars a barrel by 1230 GMT, while the West United States of Texas … Read more
April 11: Brent and West Texas Intermediate crude ascended more than one dollar on Friday after US Energy Minister Chris Wright said that the United States could end Iranian oil exports as part of an effort to make the Islamic Republic to document its nuclear program. Brent Vustt futures settled at $ 64.76 a barrel, … Read more
Oil prices fell to their lowest levels for four years on Wednesday after China announced an additional tariff for American goods in retaliation for President Donald Trump’s policies. China has revealed that it will impose a 84 % tariff on American goods, up from the previously announced 34 %, which greatly affected market morale. By … Read more
Oil prices extended losses on Monday, as more than 2 % decreased, as the commercial tensions between the United States and China have stunned fears of the recession that could reduce raw demand. Brent and WTI standards have decreased to their lowest levels since April 2021. Brent futures decreased by $ 1.61, or 2.5 %, … Read more
Oil prices fell sharply on Thursday after Opec+ announced its plans to accelerate the increase in production from May. The decision added to the losses caused by the new tariff policy of US President Donald Trump, which raised concerns about global economic growth and fuel demand. Brent crude decreased $ 4.51, or 6.02 %, to … Read more
Oil prices rose on Wednesday, as traders prepared for the new US tariffs announced at 2000 GMT, which raised concerns about a possible escalation in global trade tensions and its impact on crude demand. Brent Future 13 cents, or 0.2 %, increased to $ 74.62 a barrel by 10:53 am EST (1453 GMT), while US … Read more