After the ‘oil price closet of anxieties’
Finance Minister Ishaq Dar sure looked pretty and no doubt also felt very good as he cut oil prices to announce his return to the ministry. He also plans to…
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…
OPEC+ leaders like $100 oil, won’t necessarily defend it
Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as a fair price that the global economy can absorb, sources familiar…
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…
Deregulating the oil sector — II
The two biggest risks are demand-supply manipulation, creating shortages and manipulate prices. Shortages can be countrywide by importing or procuring less or in inner locations. In OECD countries, there is…
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,…
Saudi, UAE save oil firepower in case of winter supply crisis
OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world face a severe supply crisis this winter, sources…
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…
Oil price rise
There are two recent and important developments that are worth discussion. Firstly, petrol prices were increased on 1st July once again — the 4th rise in the last 35 days…
