Oil price

BP begins to redeploy workers to offshore platforms Iraq says OPEC is monitoring prices and seeking market balance Coming soon: API supply report at 4:30 p.m. EDT, 2030 GMT NEW YORK, Sept 27 (Reuters) – Oil rose around $2 a barrel on Tuesday from a nine-month low a day earlier, …

Every evening in Hail, a Saudi town at the foot of a jagged mountain range, Mona heads to her roadside tea stall, turns on the lights and waits for customers to show up. She keeps a printed resume handy, hoping one might offer her a better job. “It’s worse now,” …

The energy sector has made bumper profits in the current year, with major oil companies setting records right, left and center. ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX) and Shell (NYSE:SHEL) together generated $46 billion in second-quarter earnings, with all three setting new quarterly earnings records. Overall, high commodity prices are …

Energy stocks are outperforming the stock market — by a mile — this year. Record profits for oil and gas companies amid soaring commodity prices have made the energy sector attractive to investors. Yet record earnings for energy and materials stocks mask a weaker S&P 500 market, where earnings growth …

Gasoline prices in Georgia continue to decline, consistent with the national trend, dropping seven cents per gallon on average for regular unleaded over the past week. But the recent rise in crude oil prices could initiate a reversal of this trend. According to the weekly press release from Montrae Waiters, …

A country that imports more than 85% of its fuel needs must ensure that there is no disruption in the supply of this strategic product. It is therefore good news that India is trying to diversify its sources of crude oil supply. This will help insulate the country from the …

WhatsApp Facebook Twitter E-mail Messenger This post has been read 1037 times! Solvency will depend on sudden oil gains KUWAIT CITY, September 15: The rating agency “Moody’s” has indicated that the rise in oil prices over the next two years will lead to a significant improvement in the financial and …

Oil and gas stocks, the best performing stocks on the S&P 500 so far this year, still have room for improvement as retail and portfolio investors seek to increase exposure to traditional energy , expecting a worsening energy crisis and fuel shortages. This winter. Despite market concern that soaring energy …

The problem with an energy crisis is that it is actually a crisis of everything. In a world where virtually every industry depends on energy in one form or another, runaway inflation is inevitable. This phenomenon is not new – you have been experiencing it for a good part of …

Trade Minister Tipu Munshi said he was optimistic that the price of soybean oil could fall over the next two months. “Due to the high value of the US dollar, the price of commodities is not falling in the country. Commodity prices are expected to fall after the price of …

The leaders of the European Union have been working hard these days, trying to find a lasting solution to an energy crisis that is getting worse every day. Yet the way they approach the solution is unlikely to produce lasting results. And so far it has been compared to a …

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Photo Join now for FREE unlimited access to Reuters.com Register Brent and WTI contracts rise more than 2% OPEC+ to discuss production cut among other options, sources say Iranian crude exports and …

milehightraveler Introduction As explained in my previous articles on NuVista (OTCPK:NUVSF) (TSX:NVA:CA), this Canadian natural gas producer is an interesting story to follow. Unfortunately, the price of AECO natural gas is quite low these days, but NuVista has a cover story part of its production, and this, combined with still …

BP Plc’s refinery in Whiting, Indiana, has restarted production after being shut down last week due to an electrical fire, Reuters reports, citing unnamed sources familiar with the operations. The 435,000-barrel-a-day refinery, the largest in the Midwest, caught fire last week, shutting down several units and declaring an emergency in …

Crude Oil, US Dollar, WTI, Brent, Fed, OPEC+, Libya, Congo, UAE, Oman, Kazakhstan, Iran – Talking Points crude oil prices pushed higher with swirling supply issues Many oil-producing countries face challenges or support production cuts A stronger US dollar could not contain oil. Will the WTI take back the heights? …

At the start of the Covid-19 pandemic, global energy consumption plunged. All major categories of energy production declined except one. Despite the largest drop in global primary energy consumption since World War II, global renewable energy consumption increased by 9.7% in 2020. This is remarkable given the impact of the …

Minister Telangana and the incumbent chairman of the ruling Telangana Rashtra Samithi (TRS) party KT Rama Rao on Wednesday called on the Union government to lower fuel prices as global crude oil prices fall. In a statement, Rama Rao said the Narendra Modi government’s excuse that international crude oil prices …

RIYADH: Saudi stocks ended flat on Monday after falling a day earlier as investor sentiment was dragged down by a weakening global economic outlook. TASI, the main benchmark, ended the session at 12,560, while parallel market Nomu added 0.3% to 21,724. Gulf markets were mixed on Monday, with the Qatari …

Exploration and production companies are drilling more high-impact wells this year, with a much higher success rate than in 2021. This is a positive sign for global oil and gas supply, as the activity is picking up. High-impact exploration is back after a dismal 2021, which saw a low success …

The halcyon days are over as a new wave of oil price hikes loom again with petroleum product price hikes expected next week, with diesel and kerosene prices seeing larger increases, based on initial calculations by oil companies. According to industry players, the price of diesel will increase from P2.45 …

ICICI Direct held the call with a target price of Rs 150. The current market price of Oil And Natural Gas Corporation is Rs 136. The period given by the analyst is one year when the price of Oil And Natural Gas Corporation can achieve the set target. ., incorporated …

This article is the fifth in a series on the BP World Energy Statistical Review 2022. The review provides a comprehensive picture of supply and demand for major energy sources at the national level. Previous articles covered overall energy consumption, carbon dioxide emissions, oil supply and demand, and global natural …

Gold Price Outlook: Following the easing of the dollar index and the slowdown in global inflation, the prices of yellow metals reached their highest level in 5 weeks last week. The precious metal ended last week in positive territory for the fourth week in a row, posting a weekly gain …

Asian buyers bought a substantial amount of cheap U.S. crude on the spot market, suggesting demand for Middle Eastern grades will be weaker in the immediate future, Bloomberg reports, citing traders. According to them, South Korean and Indian refiners have bought some 16 million barrels of U.S. crude on the …

NEW YORK: Oil the prices stabilized slightly lower on Tuesday after a choppy session, with fears that a slowing economy could reduce demand rivaling news that some oil exports had been suspended on the Russia-Europe Druzhba pipeline which passes through Ukraine. Raw the prices have been under pressure for weeks …

Electricity rates this month and fuel prices this week are down. On Monday, the Manila Electric Company (Meralco) announced a P0.2087 reduction in August tariffs to P9.5458 per kilowatt-hour (kWh) from P9.7545 per kWh last month. This equates to a reduction of around 42 P in the total bill for …

A file photo shows workers picking up spools of yarn at a textile factory on the outskirts of Dhaka. — New Age Photo Business leaders on Saturday expressed concern that the sharp rise in fuel oil prices will hit production, lives and livelihoods hard. The government on Friday revised the …

Western governments are struggling to rise to the challenge of reducing Russia’s oil export revenues, as the impact of their boycotts is offset by higher prices and purchases elsewhere. By establishing a cartel of buyers to impose a price cap on Russian crude, the West could achieve its goal with …

Despite sweeping sanctions and import bans, Russia’s vast energy sector continues to thrive, with the country managing to export nearly $1 billion worth of fossil fuels a day in the first 100 days since its invasion of Russia. ‘Ukraine. Indeed, rising crude oil and fuel prices allowed Russian oil and …

While much of the global pressure for decarbonization has been directed at private and exploited oil supermajors like BP, ExxonMobil and Shell, a new report from The Economist suggests that much of that pressure and blame is wrong. It’s not that Big Oil doesn’t need to change its focus, strategy …

When his green credentials were challenged by a young campaigner, Joe Biden had a simple answer. “Kiddo, I want you to look me in the eye,” the future president said in 2019, shaking his hand. “I guarantee you we’re going to be done with fossil fuels.” Unlike his predecessor Donald …

As soaring food prices continue to wreak havoc around the world, consumers are finding respite in cooking oil, coffee and avocado. Prices for these foodstuffs are beginning to fall although they remain relatively high, according to the latest food price data. In Asia-Pacific, Indian prices for sunflower oil and palm …

Iran’s revenue from oil and condensate exports jumped 580 percent in the first four months of the current Iranian year which begins March 21, Iran’s Economic Affairs and Finance Minister said on Tuesday. , Seyyed Ehsan Khandouzi. Between March 21 and July 21, international crude oil prices largely held above …

The world’s largest international oil and gas companies are expected to ramp up share buybacks, and some may increase their dividends next week when Big Oil is expected to post another strong quarter. Shareholders could expect higher returns as Shell, BP, TotalEnergies, Exxon and Chevron are all expected to post …

Filipino consumers will get another shot next week on their fuel budgets as prices see another round of declines, albeit modest, with diesel products set to see a bigger cost cut from 1.80 to 2, 10 pesos per litre. In addition, the oil companies have calculated a price reduction of …

Oil pump cylinders are seen at the Vaca Muerta shale oil and gas field in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian Join now for FREE unlimited access to Reuters.com Register Oil prices fall for second session Libyan NOC restarts production at several oil fields Gazprom …

LONDON, July 19 (Reuters) – Oil prices fell 2% on Tuesday after climbing more than $5 a barrel in the previous session, weighed on fears that an economic slowdown could hit demand for oil, although tight supply and dollar weakness limited some losses. Brent futures for September settlement were down …

Half of all oil consumed since the dawn of the modern oil age in 1859 was consumed from 1998 to 2021 inclusive, based on data available from the BP Statistical Review of World Energy. About 1.4 trillion barrels of oil They are believed to have been consumed to date (although …

On Saturday, jet fuel (ATF) prices were cut 2.2%, reflecting a fall in international oil prices. Aviation turbine fuel (ATF) prices have been reduced by Rs 3,084.94 per kilolitre, or 2.2 per cent, to Rs 138,147.93 per kl, according to a price notification from fuel retailers …

Pump jacks pump oil into an oil field on the shores of the Caspian Sea in Baku, Azerbaijan October 5, 2017. REUTERS/Grigory Dukor Join now for FREE unlimited access to Reuters.com Register LONDON, July 14 (Reuters) – Oil prices fell more than $4 on Thursday as investors focused on the …

OPEC said on Tuesday that global demand will continue to outstrip supply in its outlook for the year ahead, as member countries struggle to increase flows. In the cartel’s first forecast for 2023, demand is expected to increase by 2.7 million barrels per day, while supplies from non-OPEC sources are …

Sergei had clung for years to the hope that his hometown of Sovetskaya Gavan, a once bustling port city in the Russian Far East, would soon see better days. Sovetskaya Gavan was home to shipbuilding and repair factories, a vibrant fishing industry, and military personnel of all persuasions during the …

With Boris Johnson’s resignation likely to lead to a political vacuum, the agony at the pumps is set to continue. There were also concerns that the 5p reduction in fuel duty announced in the spring statement by then-Chancellor Rishi Sunak was not passed on to motorists by retailers. Brent crude …

The days of cooking oil prices digging a hole in the pockets of India’s middle and lower class look set to fade. On Wednesday, the government ordered edible oil manufacturers to further reduce the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per liter within …

By Tsvetana Paraskova – July 5, 2022, 10:00 a.m. CDT Saudi Arabia again raised the price of its oil to Asia. The Kingdom will increase its official sale prices in all regions except the United States. The move is a sign that Saudi Arabia is seeing robust …

The energy transition has been defined by politicians as the only way forward for human civilization. Not every country on the planet agrees with this, but those that do have the loudest voices. And even amid the fossil fuel crisis that is beginning to cripple economies, transition remains a goal. …

The Russian invasion of Ukraine has caused major disruptions in the supply of basic commodities such as energy and food, of which Russia and Ukraine are major exporters. The war exacerbated existing pandemic-related tensions in commodity markets, which had arisen due to supply chain disruptions, weak investment in energy generation …

Placeholder while loading article actions When energy prices soar, there are few places where the pain is felt as acutely as at the gas station. The cost of gasoline for your car or diesel fueling trucks is determined by a complex mix of politics in the Middle East, refining capacity, …

The Energy Information Administration will not release any further data, the agency said in an update on highly anticipated inventory numbers due to be released last Wednesday. The data was not released last week after the EIA discovered “a voltage irregularity, which caused hardware failures on two of our main …

As European LNG buyers snap up shipments from the United States in a race to replace Russian pipeline deliveries, America has become a major supplier to Europe, and its sales to China have soared. reduced to a few shipments shipped so far this year. Chinese LNG imports from the United …

Demand for long-term LNG contracts has risen sharply in the current year, with suppliers taking advantage of robust demand thanks to a global effort to reduce Russian imports by demanding much higher tariffs for new contracts long-term. According to a Oil and Gas Journal report10-year LNG contracts are currently priced …

PHILIPPINE STAR/WALTER BOLLOZOS The outgoing chairman of the Senate Energy Committee said so on Wednesday. “can take time” Amend the Petroleum Deregulation Act to include provisions that will make oil prices more transparent through cost unbundling. “The solution to amending the oil deregulation law is not an immediate solution (to …

According to data from the Joint Organizations Data Initiative (JODI) cited by Reuters. Falling oil demand in China amid weeks of strict shutdowns in Shanghai spooked the oil market in April and through most of May as China’s zero-COVID policy led to mass testing and closures in the Chinese financial …

Comment A reversal in oil prices and energy stock prices could begin. The reason for this is that oil price reversals are the inevitable result of economic recessions. Of course, this is due to previous price spikes that create demand destruction in the economy. The graph shows the price of …

On Thursday, jet fuel prices were raised by 16%, the highest rates on record, to propel rates to a record high, alongside the tightening of international oil rates. The price of aviation jet fuel (ATF) – the fuel that helps planes fly – has been increased by Rs 19,757.13 per …

$1 $2 $3 $4 $5 per gallon 1980 1990 2000 2010 2020 Regular gas monthly average price Average June forecast $4.59 per gallon Adjusted for inflation Not adjusted Source: Energy Information Administration Note: Inflation-adjusted prices are in June 2022 dollars. The average price for June is a forecast. Gas prices …

Nickel prices appeared to have bottomed out in mid-May, but the trend remains down. Moreover, recent price action has shown few signs of bullish structures on a weekly basis. In total, the monthly Stainless Metals Index (MMI) fell 9.4% from May to June. LME faces nearly $500 million in lawsuits …

As the US administration grows more desperate each week as gas prices soar above $5 a gallon in the US, President Biden is now going after individual oil and gas companies, know ExxonMobil. A statement from Biden attempting to address May inflation data contained harsh words, both for the oil …

When news broke last week that President Biden was planning a visit to the Middle East that would include Saudi Arabia, many industry watchers saw signs of a “thaw” in relations between Washington and Riyadh. They also saw the prospect of lower oil prices. It was, after all, to drive …

ROCHESTER, NY (WROC) — On June 1, New York State suspended the excise tax on motor fuel and diesel. On Monday, some gas stations were a little lower, with some climbing even higher — gradually approaching the $5.00 mark for a gallon of regular fuel. The average price in Rochester …

MARDAN: The central leader of the Pakistan People’s Party and former federal minister, Khwaja Mohammad Khan Hoti, has criticized the government for raising the prices of petroleum products and electricity. Speaking to the media here, Mr Hoti said the masses had already been hit hard by the rising prices they …

By Julianne Geiger – Jun 03, 2022, 1:10 p.m. CDT The total number of active rigs in the United States remained the same this week, after one rig fell the previous week, according to new data from Baker Hughes released on Friday. The total rig count remained at 727 this …

Russia’s attack on Ukraine has upended the supply chain, pushing global inflation to uncomfortable levels. And one of the reasons for soaring inflation is the sharp rise in crude oil prices. But as public finances bleed, oil and gas companies around the world are hitting money, whether …

Production has declined every month for the past 4½ years in the core sector index; old fields among the probable reasons Topicscrude oil production | CGSB | oil Domestic crude oil production has been declining since FY 2014-15 (FY15), falling to just 28.4 million tonnes (MT) in FY22, the …

Pakistan has said it is open to importing oil and foodstuffs from Russia amid the ongoing backlash against the country for invading Ukraine. Speaking at a press briefing, Pakistani Foreign Ministry spokesman Asim Iftikhar said the country had an ‘open door policy’ driven by the national interest …

The new Labor government faces an immediate test of its election promise to tackle cost of living pressures as a rebound in the global oil price threatens to swallow petrol price relief due to the reduction of excise duties on fuel and that consumers prepare for an impending spike in …

Storage tanks are seen at the Petroineos Ineos oil refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register French minister optimistic about EU oil embargo Memorial Day weekend trips to the United States will be the busiest in two years U.S. …

Italy’s Eni and France’s TotalEnergies began exploratory drilling of a natural gas well off Cyprus on Monday in the same block where a discovery was made in 2018. On Monday, the Tungsten Explorer drillship arrived off Cyprus to start drilling in Block 6, where Eni Cyprus and TotalEnergies EP Cyprus …

The oil market wrapped up another volatile week of hectic trading, swinging up and down in the $5 a barrel range as it was torn between bullish and bearish catalysts back and forth each day. The two landmarks reached an eight-week high early Tuesday, only to pull back later in …

(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) In this week’s edition of hits and misses in the oil and gas industry, regular market watchers at Rigzone focus on the reversal of …

India has banned wheat exports as grain prices have jumped this year partly due to the Russian-Ukrainian war. T.Narayan | Bloomberg | Getty Images India has banned wheat exports, becoming the latest country to do so as grain prices have surged this year in part due to the Russia-Ukraine war. …

By Billy Begas The Anakpawis party list on Monday called on lawmakers to “decisively perform the patriotic act” and hold a special session to deal with rising oil prices. National Anakpawis President Ariel Casilao has called on incumbent lawmakers to repeal provisions relating to excise duties and Value Added Tax …

While Canadians are paying record prices at the gas pump, fossil fuel companies have reaped record profits. Calgary-based Suncor tripled its profits over the past year, from $821 million to $3 billion. The cost of producing petroleum-based products like gasoline and diesel has not increased, according to Jim Stanford, an …

The UK bucked the pan-European trend of soaring wholesale gas prices as shipments of liquefied natural gas eased a shortage that drove prices up last year and kept them there. But consumers won’t feel price relief any time soon. Bloomberg reported this week that the daily price of natural gas …

Sharjah-based Dana Gas, one of the Middle East’s largest private natural gas companies, more than doubled its net profit in the first quarter as revenue surged amid rising oil prices. Net profit for the three months to the end of March jumped 125% to 198 million dirhams ($54 million), the …

Brent crude fell 28 cents (23 pence) to $112.11 (£91.30) a barrel in the early hours of Monday morning. US crude West Texas Intermediate was also hit, falling 41 cents (33 pence) to $109.36 (£89.06) a barrel. The market has been rocked by events in Brussels as the 27 EU …

Two years ago, Iraq was almost out of money. The country is the fifth largest oil producer in the world and it should be rich. But because almost everything Iraq earns comes from its oil sales, the Middle Eastern nation’s budget is at the mercy of world oil prices. Already …

By Irina Slav – May 05, 2022, 10:00 a.m. CDT JP Morgan has revised its forecast for oil demand this year down 1 million barrels per day. JP Morgan forecasts total oil demand to average 100 million bpd in 2022, 400,000 bpd below 2019 levels JP Morgan …

Calls for an end to all investment in new oil and gas production, protests demanding the immediate suspension of oil production, and whistleblower reports from environmental NGOs accusing banks of continuing to finance fossil fuels have become essentials of today’s life in the West. But fossil fuels aren’t going anywhere, …

Market-pioneer Brent crude futures fell 12 cents (10p) to settle at $107.14 (£85.22) a barrel while the contract expiring the previous month rose 1 $.75 (£1.39) to settle at $109.34 (£86.95) a barrel. US crude West Texas Intermediate fell 67 cents (53p) to settle at $104.69 (£83.26) a barrel. It …

Iran’s oil exports jumped 30% from a year ago to 870,000 barrels per day (bpd) in the first quarter of 2022, The Wall Street Journal reported on Thursday, citing data from the data provider on raw materials Kpler, as the main buyer of Iranian crude, China, is reducing its imports …

To stay sheltered from soaring crude oil prices, the International Monetary Fund (IMF) suggested the Indian government adopt monetary tightening and measures to check structural weaknesses. The IMF believes that the rise in the price of crude oil following the Russian-Ukrainian war is the main reason for the rise in …

A general view shows Lukoil company’s oil refinery in Volgograd, Russia April 22, 2022. REUTERS/REUTERS PHOTOGRAPHER Join now for FREE unlimited access to Reuters.com Register Shanghai fences off COVID-hit areas, fueling fresh outcry EU mulls ‘smart sanctions’ on Russian oil Libyan NOC says Zawiya oil refinery damaged after armed clashes …

Despite much talk about accelerating renewables, coal continues to dominate some markets. China is steadily increasing its coal production, while Indonesia is looking to export to new European buyers. And while many countries are imposing sanctions on Russian coal, India is now backing its imports of cheap Russian oil with …

The metal mining industry is at a crossroads. The key metals of the energy transition need billions of dollars of investment if the world has any chance of advancing the transition to meet the goals of the Paris Agreement. At the same time, investors are pulling out of carbon-intensive sectors, …

Oil prices fell more than 5% today as investors worried about a drop in demand after the International Monetary Fund cut its forecast for global growth. In the evening, the price of Brent crude, the main international oil contract, was down 5.4% at $107.11 a barrel, while the main American …

The President of Tajikistan visited the northern region of Sughd on April 14 to oversee the opening of a new gold processing plant built by a Chinese investor at a cost of approximately $136 million. The company, Talco Gold, will produce up to 2.2 tonnes of gold and 21,000 tonnes …

Workers walk as oil pumps are seen in the background at the Uzen oil and gas field in the Mangistau region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Join now for FREE unlimited access to Reuters.com Register NEW DELHI, April 14 – Oil prices fell on Thursday amid weak trading …

TotalEnergies plans to increase production capacity at the Cameron LNG plant in Louisiana in the United States, the French supermajor announced on Monday, as the United States seeks to increase LNG shipments to Europe to help it reduce its dependence on Russian gas. As part of a recent memorandum of …

It has been exactly six weeks since Russia invaded Ukraine, with no end in sight for one of humanity’s greatest existential crises of modern times. In response to Russia’s unprovoked and unjustified war, the United States and the West hit the rogue nation with a plethora of sanctions, with the …

A maze of crude oil pipes and valves are pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/ Join now for FREE unlimited access to Reuters.com Register LONDON, April 8 (Reuters) – Oil prices rose on Friday but …

Crude Oil Outlook: Crude Oil Prices Continue to See Volatile Price Action in Both Directionsalthough a break lower from a recent symmetrical triangle appears to be underway. Rising US oil production, combined with lower US demand, is easing upward pressure on energy prices. According to IG Customer Opinion Indexcrude oil …

Germany is preparing for gas rationing. The operator of the French electricity network is request consumers to use less electricity. In the UK, protests erupt over the latest electricity price hike which plunged millions of homes in what a local think tank called fuel stress. Europe has a serious energy …

Did Turkish inflation hit a 20-year high in March? Soaring global energy prices likely propelled Turkish inflation to its fastest rate in two decades in March, but President Recep Tayyip Erdogan’s fixation on low interest rates means the central bank remains reluctant to respond with a tighter monetary policy. The …

US shale oil drillers are complaining of a shortage of steel tubing for wells, contributing to stagnant production. In a Friday report, Bloomberg cited data from KeyBanc Capital Markets, which showed the price of pipe used in the oil industry – tubular goods for oil countries – soared to $2,400 …

If crude oil prices stabilize quickly, NSE Nifty 50 could potentially rise and help investors pocket around 15% in the current year 2022, said George Heber Joseph, CEO and CIO, ITI Mutual Fund, in an interview with Kshitij Bhargava of FinancialExpress.com. Joseph spoke about the impact rising crude oil prices …

A week ago, we reported that the rise in oil and gas prices caused by the conflict in Ukraine had increased the threat of worst stagflationary shock hitting Europe since the 1970s. Europe is at serious risk of plunging into a deep recession if Russia follows through on its threat …

Drivers in Newfoundland and Labrador are seeing new pump prices for the third time this week. (Jonathan Hayward/The Canadian Press) The costs of some fuels in Newfoundland and Labrador rose again on Friday as the Public Utilities Board changed prices for the third time this week as the global oil …

The more Russian oil supplies slip off the market in the coming months, the higher the risks of a global recession later this year, economists and analysts have begun to warn since Russia invaded Ukraine it a month ago. The latest warning came this week from two economists at the …

Gasoline and diesel prices were raised on Tuesday for the first time in more than four months as oil marketing companies (WTO) increase in the prices of the two fuels of about Rs 0.8 per litre. The price of petrol in the nation’s capital is now Rs 96.21 per liter …