[ad_1] NEW DELHI: Oil prices increased on Wednesday on the expectation of strong global demand, including in the United States, the world’s top consumer. US inflation did not affect the anticipation that the Federal Reserve might begin reducing interest rates soon.By 0730 GMT, Brent futures for May rose 0.3% to …
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Oil steady as OPEC retains demand forecasts | The Express Tribune
[ad_1] LONDON: Oil prices were little changed on Tuesday as OPEC stuck by its forecast for demand growth this year and next, amid persistent tensions in the Middle East and beyond. Brent futures for May delivery were up 24 cents at $82.45 a barrel by 1420 GMT. The April US …
Read More »$3.2b received in financial assistance in July-Jan period | The Express Tribune
[ad_1] ISLAMABAD: Pakistan received $2.408 billion from multilateral creditors and another 794.6 million from bilateral creditors during the first seven months of the current fiscal year, according to the statistics released by the economic affairs ministry on Tuesday. During the July-January period of fiscal 2023-24, the assistance from the multilateral …
Read More »Angola leaves OPEC, in blow to producer group
[ad_1] Oil industry in Angola. Laurent Maous | Gamma-rapho | Getty Images Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices. Angola’s oil minister …
Read More »How OPEC+ saw its hold on global oil markets fray despite extra production cuts – Times of India
[ad_1] The OPEC+ coalition’s grip on global oil markets is looking less secure by the day.Crude traders have shrugged off the Nov. 30 pledge from Saudi Arabia and its allies to slash supplies by a further 900,000 barrels a day, remaining skeptical of its implementation. Despite the group’s multiple attempts …
Read More »Climate campaigners slam OPEC bid to thwart oil phase-out – Times of India
[ad_1] DUBAI: OPEC caught flak Saturday from activists and a coalition of countries seeking ambitious climate action, after the oil cartel urged its members to thwart any deal targeting fossil fuels at the COP28 conference.OPEC Secretary General Haitham Al Ghais sent a letter to the group’s 13 members and 10 …
Read More »Putin begins Middle East trip, arrives in UAE – SUCH TV
[ad_1] Despite an arrest warrant issued by the International Criminal Court, Russian President Vladimir Putin is visiting the UAE and Saudi Arabia to discuss oil, OPEC+, and the conflicts in Gaza and Ukraine. Russian President Vladimir Putin arrived in the United Arab Emirates on Wednesday as part of a Middle …
Read More »Global equities head towards big gains | The Express Tribune
[ad_1] NEW YORK: Major Wall Street indexes notched weekly gains on Friday, as global equities drifted toward their biggest one-month rally since November 2020 during a shortened, muted trading session following the US Thanksgiving holiday. Oil futures traded steady ahead of next week’s OPEC+ meeting, which could bring some kind …
Read More »PSX undeterred, reaches peak above 59k | The Express Tribune
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) maintained its upward march and broke records in the outgoing week when it climbed over 2,000 points as investors cheered reports of encouraging economic and earnings outlook and expected release of the second loan tranche of $700 million by the International Monetary Fund (IMF). …
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