Oil prices

Referring to a tweet by Trump in which he linked US support for Middle Eastern countries to oil prices

Also approves decrease of Rs6.37 per litre in price of high-speed diesel

May put responsibility of price revision on incoming government

Insists these steps will facilitate new elected government

Caretakers pass on to consumers full impact of rupee’s depreciation against dollar

Taxes are particularly high on widely consumed petrol and diesel

Also seeks details on mechanism for determination of oil prices

OPEC to meet on Friday to decide output policy amid calls US and China to cool down oil prices

OPEC, allies may agree to hike crude output in upcoming meeting

Demand withdrawal; say industrial and agriculture sectors will suffer

Analysts say timing of letting currency lose value is questionable

Prolonged spell of low inflation may have ended as inflationary pressures mount

ICCI officials said that increase in prices of high speed diesel (HSD) and petrol is not justified

OGRA recommends massive increase in prices of all petroleum products

Saudi Arabia and Russia said on Friday that they were discussing raising oil production by some 1 million bpd.

Saudi oil minister said that a gradual oil output increase could happen in the second half of the year

The US president’s Iran announcement on Tuesday triggered a surge in oil prices to levels unseen in over three years

Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted

Despite consistent increase in international oil prices. prices in Pakistan were considerably low

Regulator also recommends Rs6.94 per litre increase in diesel rate

Will increase inflationary pressure, widen current account deficit, eat up forex reserves

Believe rising petroleum prices will unleash a new wave of inflation

Also recommends up to 24% increase in diesel rates to be implemented from Jan 1

Earlier, the government failed to notify new prices for August as there was no cabinet in place

With no authority to give approval, finance ministry announces to continue with existing prices

Opec and other non-Opec producers due to meet in the Russian city of Saint Petersburg on Monday

Govt forms 10-member committee to sort out the issue

New rates are effective from April 1, 2017

OGRA proposes increase of Rs2.28 per litre for petrol, Rs2.04 for HSD

K-Electric and agricultural consumers will not enjoy the relief

For kerosene oil, it recommends a hefty upward revision of Rs17.55

Falling costs of electric cars and renewable technology may halt growth in oil demand from as early as 2020

Govt charging petroleum levy as well as GST on POL products

International Brent crude oil futures LCOc1 were down 7 cent from their last close

Both companies exceed expectations but oil market risks remain

Finance Minister Dar says govt will bear revenue loss of Rs3.5b due to this decision

We are optimistic that oil prices will continue to improve in future, says Saudi Oil Minister Khalid al Falih

Oil prices were further propelled by remarks from Saudi Energy Minister predicting oil prices could rise further

US West Texas Intermediate fell 81 cents to $45.07, Brent fell 75 cents  to $47.26

Iran has pledged to increase its production to pre-sanctions levels of 4 million barrels per day

'Govt will absorb rising impact in global oil prices even at the cost of incurring revenue loss of Rs2 billion' Dar

Summary sent to petroleum ministry, comes as price of crude surged

Brent North Sea crude for July finished at $49.32 a barrel

Naimi, one of the most powerful figures within the OPEC oil cartel

Workers protest proposed overhaul of public sector payroll system that will set uniform standards for salaries

Oil prices dip Monday after enjoying strong rally last week

To anyone who’s been following the news, it isn’t surprising that the recent Doha meeting was a bust

IMF regional chief Masood Ahmed says oil-exporting Gulf states should diversify their revenue base

Falling oil prices are not the sole cause of the falling inflation rate

Oil surplus will fall to 200,000 barrels per day in the second half of this year