Oil prices

Oil prices extend losses after rise in US commercial crude reserves

Analysts say prices are expected to see-saw ahead of Sunday's meeting

Meeting to discuss measures to stabilise prices, including a production freeze

Kingdom will freeze production only if other countries agree to do the same

Collects an extra Rs92b from five petroleum products

Profit-taking chips away at rally spurred by optimism over production freeze

Savings should be invested in indigenous reserves, developing infrastructure

Stores selling mobiles will have to ensure that at least 50 per cent of staff doing such work are Saudi citizens

OGRA moves summary proposing lower rates; final decision, however, to be taken by the Prime Minister

SBP deputy governor maintains slowed growth in remittances will not be a threat

World oil prices have dropped by more than 70 per cent since June 2014

US benchmark West Texas Intermediate for March fell $1.13 to $29.64 a barrel

Taxes on petroleum products higher than in PPP term: Shah

OPEC ready to cooperate with other producers on trimming output

January edition shows improvement in households’ perception about state of economy

From around $115 a barrel in June 2014, prices have been hovering around the $32 mark recently

Lowering oil prices will boost industrial production and competitiveness, says PRGMEA Chairman Shaikh Mohammad Shafiq

It provides chance to boost economy by passing benefits on to consumers

Energy specialist says US needs to be concerned over broader impact of lower oil prices on international economy

Prices of petrol could be cut by Rs7.56 per litre (9.9 per cent), bringing it down from Rs76.25 to Rs68.69

Prices sank to new depths not seen since 2003 after the US and Europe lifted sanctions on Tehran

Finance minister says country needs to make decisions in lieu of economic slump

The price hike led to to queues at some petrol stations in Qatar, according to social media

Reports say Saudi Arabia will cut fuel and utility subsidies in response to record budget deficit

US benchmark West Texas Intermediate gained 19 cents to $37.69 compared with Wednesday’s close

13-member body puts off reassessment till June next year

Stung by Russia's success in supplanting it in giant Chinese market, Riyadh has embarked on charm offensive in Europe

Acting president of OPEC says GDP growth in 2016 will increase global oil demand by 1.3 to 1.5 million barrels per day

Kuwait rejects Venezuela’s proposal about holding the conference

Decision comes following a worldwide fall in prices of petroleum products

Latest plunge in prices comes as growing worries about a Chinese economic slowdown add to anxiety about excess supply

Rebound is unlikely to be sustained because of a global crude glut

We continue to view the current physical surplus as sufficient to drive price lower