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Posts Tagged ‘Oil Price’

Oil Falls to Lowest Since Spring 2009

Oil Falls to Lowest Since Spring 2009

Wednesday, January 7, 2015 12:03

[caption id="attachment_40659" align="alignright" width="353"] Oil Prices[/caption] Global oil markets on Tuesday slumped for a fourth straight session as mounting worries about a supply glut pressured crude prices, which have fallen almost 10 percent this week to their lowest ...

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Government Cuts Fuel Prices to Stave off Pressure

Government Cuts Fuel Prices to Stave off Pressure

Saturday, November 1, 2014 11:18

In a bid to stave off mounting political and economic pressure, the federal government on Friday resorted to one of the oldest tricks in the book by introducing hefty fuel price cuts. [caption id="attachment_39963" align="alignnone" width="592"] Fuel Prices[/caption] The hastily ...

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Asia Shares Worn Down by Wall St Oil Near 9-mth Low

Asia Shares Worn Down by Wall St Oil Near 9-mth Low

Wednesday, August 6, 2014 11:35

[caption id="attachment_38388" align="alignright" width="360"] Asian Stock Index[/caption] Asian stocks slipped on Wednesday while the U.S. dollar held firm after a slump on Wall Street and tensions over Ukraine instilled a mood of risk aversion across markets....

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Default Looms as PSO has to Pay Rs93b by Next Week

Default Looms as PSO has to Pay Rs93b by Next Week

Friday, June 13, 2014 12:22

State-run oil marketing company, Pakistan State Oil (PSO), is facing the spectre of imminent default on payments to international oil suppliers and is seeking a bailout in the face of long delay on the part of power producers to pay for fuel supply. [caption id="attachment_37510" align="alignright" width="384"]...

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Crude Prices up After Crimea Referendum

Crude Prices up After Crimea Referendum

Tuesday, March 18, 2014 12:26

Oil prices rose in Asia Monday on increased geopolitical tensions, as the United States hinted at fresh sanctions against Moscow after Crimea voted in a referendum to break away from Ukraine and join Russia. [caption id="attachment_36091" align="alignright" width="337"]...

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Oil Rises Gasoline Gains on Canadian Refinery Problems

Oil Rises Gasoline Gains on Canadian Refinery Problems

Saturday, August 24, 2013 10:53

Oil prices rose on Friday led by gasoline futures following news of a unit shutdown at an East Coast Canadian refinery. While the trading volume of the Brent crude contract was higher, gains on the U.S. futures contract outpaced the international benchmark. Brent's premium to WTI narrowed to ...

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Crude Oil Price Lower in Asian Market

Crude Oil Price Lower in Asian Market

Tuesday, August 7, 2012 8:47

Oil prices were down in Asia Monday with traders taking profits from a rally last week as they awaited the release of Chinese trade data later in the week, analysts said. New York's main ...

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Oil Prices Lower in Asian Trade

Oil Prices Lower in Asian Trade

Monday, February 27, 2012 10:51

Oil prices were lower in Asian trade Monday as traders took profits from last week's gains, while concerns over crude producer Iran's nuclear programme remain, analysts said. New York's main contract, light sweet crude ...

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Oil Prices Higher in Asian Trade

Oil Prices Higher in Asian Trade

Saturday, January 28, 2012 10:54

Oil rose in Asian trade Friday on expectations the US economy saw robust growth in the final quarter of 2011, analysts said, while tensions between the West and Iran also supported prices. New York's main contract, West ...

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Oil Price Falls After Unexpected Supply Increase

Oil Price Falls After Unexpected Supply Increase

Friday, January 6, 2012 9:30

Oil prices slipped after the US government reported an unexpected increase in crude supplies and a 7 percent drop in petroleum demand. Natural gas prices also dropped as supplies remained well above the 5-year average....

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