More OPEC+ cuts likely next year, as oil prices plunge
The Organization of the Petroleum Exporting Countries and allies (OPEC+) are likely to extend or even deepen oil supply cuts into next year, after a more than 15% drop in…
Oil prices and efficient buying
The government has increased petroleum prices by Rs30 per litre. The increase is uniform against all products. There was much talk about some subsidy mechanism for the poor (motorcycles and…
Lower oil prices defy robust forecasts for global demand
Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is…
Deregulating versus regulating oil prices
Energy plays a pivotal role in any nation’s economic development and there are many different sources of it, including natural gas, solar electricity, nuclear power, biomass and biofuels, wind energy,…
The rising oil prices
In Pakistan, petroleum prices were raised yet again to Rs248.74 per litre for petrol and Rs 276.54 for diesel. This is the fourth time petroleum prices have been raised in…
Oil prices fall but inflation stays high
Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it would bring more crude to the market,…
Will low oil prices sustain?
New price of gasoline is 230.24 Rs/liter (7.44% decrease) and diesel’s is 236 Rs/L (14.66% decrease). Gasoline’s price has been reduced by 18.5 Rs/L and HSD’s by 40.54 Rs/L. Pakistan…
Fear of oil prices
THE government has finally mustered the courage to raise oil prices in the country. The first hike was announced in May, more than a month after the new government took over, and…
Oil prices – what to do? – II
Classification of crude oil is based on viscosity (lightness or heavy) and sulfur level (sweet and sour/high, medium and low). Based on these two factors, there are six combinations or…
Oil prices – what to do? – I
Petroleum prices have been increased once again. New prices are: petrol Rs209.86 and High Speed Diesel (HSD) Rs204.15/L. It is a 40 percent increase in one month done in two…
