The fuel prices in the global market have decreased by $1.5 and $2.5 per barrel respectively in the last 15 days. Keeping in view the current exchange rate and current tax rates, the government is likely to provide relief to the masses by reducing the prices of petrol and HSD by Rs3 and Rs2.30 per […]
West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were up 99 cents, or 1.39%, at $72.05 a barrel. Analysts said the bounce was partly a reaction to a potential hurricane in the U.S. Gulf Coast. A weather system in the southwestern Gulf of Mexico […]
Russian fuel oil and VGO seaborne exports last month rose 7% from June to about 4.05 million metric tons, helped by the completion of seasonal maintenance on Russian refineries. Russia’s offline primary oil refining capacity for July at 2.5 million tons was below June’s level by some 44%, according to calculations from industry sources. Since […]
