US
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