Pakistan Fuel Price Drops Amid OPEC Forecast Revenue Concerns
September 16, 2024
This decline in petrol prices is largely attributed to the Organization of the Petroleum Exporting Countries (OPEC) revising its global oil demand forecast, leading to reduced demand and subsequent price drops, said Tahir Abbas Head of Research AHL. As an oil-importing country, Pakistan benefits from this decline, with local fuel prices adjusted fortnightly. Over the […]
chat_bubble0 Comment
visibility24 Views
Oil Prices Drop as OPEC+ Plans Output Hike Amid Libya Disruptions and Weak Demand
August 31, 2024
Brent crude futures for October delivery, which expire on Friday, settled $1.14 lower, or 1.43%, at $78.80 a barrel, marking a decline of 0.3% for the week and 2.4% for the month. U.S. West Texas Intermediate crude futures settled down $2.36, or 3.11%, to $73.55, a drop of 1.7% in the week and a 3.6% […]
chat_bubble0 Comment
visibility42 Views
