Oil prices fell to their lowest level in 11 days on Monday, as investors looked for signs that the US-Iran conflict could move toward diplomacy and watched for a recovery in Saudi Arabia’s oil shipments. Oil prices fall as US-Iran talks and Saudi oil shipments ease supply fears. (Pexel/Representative image) (Pexel) Brent crude futures fell … Read more
Pakistan may bring back austerity measures to reduce fuel consumption as renewed fighting in West Asia drives up global oil prices, as news agency PTI cited Pak information minister Ataullah Tarar Monday.Pakistan PM Shehbaz Sharif has directed officials to examine which of the measures introduced earlier this year can be brought back, Tarar said at … Read more
Oil prices jumped more than 3.5% on Monday as fresh military strikes between the US and Iran raised fears that the conflict could disrupt global oil supplies. The conflict has now entered its sixth month. Brent crude prices rose $3.15, or 3.58%, to $91.25 a barrel at 0903 GMT on Monday. US West Texas Intermediate … Read more
Oil prices slipped slightly on Friday but remained on track for a second straight weekly gain. The drop came as tensions between the United States and Iran increased, raising fears that oil supplies from the Middle East could face more disruptions. Oil prices rise for a second week as US-Iran tensions, sanctions and Strait of … Read more