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,…
Gas crunch pushes German glassmaker to the brink
In 400 years, Heinz-Glas, one of the world’s biggest producers of glass perfume bottles, has seen off many crises — including the two World Wars and the oil shock of…
Petroleum prices: an analysis
From August 1, the GoP (government of Pakistan) has reduced gasoline’s price by Rs 3.05 to Rs 227.19/litre. However, diesel’s price been increased by Rs 8.95/litre with the new price…
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…
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…
As EU eyes stopping Russian gas imports, Israel sees an opening
As Europe aims to wean itself off Russian fossil fuel because of the Ukraine invasion, Israel hopes to help fill the gap with gas from its offshore reserves. EU states…
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…
EU embargo on Russian oil, gas will take ‘months’
The EU is working on broadening sanctions on Russia to include oil and gas embargoes but such measures would take “several months”, European officials told AFP on Friday. The bloc…
