It reported citing a notification from the Pakistan Ministry of finance, the new prices of petrol are PKR 267.34 and PKR 276.21 for HSD. The State Bank reported the dollar had settled at PKR 283.51 on Thursday after losing against the local currency. Dealers said the market stayed calm even
In an interaction with ANI, the Indian envoy emphasised the significance of economic ties, saying, "In any relationship, the real sustenance comes from economic and trade relations." He highlighted India's import of various commodities from Malaysia, including palm oil, crude oil, and LNG.
Overall, India's oil demand is expected to grow by 258,000 barrels per day in 2023, revised higher by 9,000 bpd from the last update citing strong diesel sales.
No major damage or injury to any of the passengers was reported in the incident as the crude bombs exploded beside the passing train. The incident took place at around 12 noon as the train from Kolkata was heading towards Dhaka.
The exchange said it has seen increased interest from participants in its commodity derivatives Segment, with the launch of the latest products, particularly the derivatives on WTI crude oil and natural gas. Participation is observed from diverse categories of participants including Foreign
Amid the ongoing Israel-Hamas war, which raised concerns about its potential impact on crude oil, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that if crude oil prices go up, it will have a very strong and adverse impact on attempts at global economic recovery.
Global crude oil prices moved in the northward direction on Monday, following the Israel-Hamas war that entered Day 3 with large fatalities on both sides.
Brent, the global benchmark responsible for influencing two-thirds of the world's oil, witnessed a 3.76 per cent increase, reaching a notable USD 87.76 per barrel.
"Minister of Petroleum and Natural Gas Hardeep Singh Puri urged OPEC to recognize the gravity of the current economic situation and urged the Secretary-General to use his office to imbue a sense of pragmatism, balance and affordability in the oil markets," stated the Ministry of Petroleum a
Megha Engineering and Infrastructures Limited (MEIL) has secured a Letter of Agreement (LOA) for constructing a crude oil refinery plant in Mongolia. The project, valued at USD 648 million, is the company's third project in the country.