From OPEC to renewables how critical interplay of factors influencing oil prices and their effects on national economies The economics of…
Browsing: opec
The industry is likely to grow in 2024 due to its strong financial position and high oil prices Crude oil…
Written By Alex Lawler This article is published in collaboration with Reuters The International Energy Agency (IEA) says demand for…
OPEC reference basket and selected crudes, US$/B OPEC Reference Basket (ORB) Dec 22 Jan 23 Change Year- to- Date Jan…
Energy futures for crude oil, refined products and natural gas have plummeted in 2023 as traders reconsidered near-term worries over…
The Ministers of the OPEC plus, who met via video conference, rubberstamped in just 16 minutes the monthly production hike…
The global economic structure has fallen headlong from the covid-19 pandemic into a challenging energy crisis. At the outset, the…
Meteorologists are predicting a cold winter, and it could send international energy prices even higher. Record high natural gas prices…
Oil prices declined after climbing to the highest in more than a year. Prices fell for a second day on…
[box type=”info” align=”” class=”” width=””]by Katharina Buchholz, Sep 10, 2020[/box] As the Organization of the Petroleum Exporting Countries, better known as…
The week ended on 13th March 2020 can be termed one of horrific weeks for crude oil producers and traders…
Members of Organization of Petroleum Exporting Countries (OPEC) are scheduled to meet in Vienna in first week of March 2020.…
The year 2019 witnessed a mix of some predictable events—such as Organization of Petroleum Exporting Countries (OPEC) and Russia extending…
Oil producers’ cartel led by Saudi Arabia and Russia agreed on Friday, 5th December 2019 for deeper oil output cuts…
According to the International statistics, the world economy is projected to increase at 3 percent in 2019— a significant drop…
The pressure of trade and industry is mounting on State Bank of Pakistan (SBP) to curtail policy rate to bring…
Global commodity prices plunged 5.3% on a monthly basis in August, as against 1.5% increase in July. During the month…
Predicting the oil prices is a million dollar question; in fact, it’s a game of billions of dollars literally. The…
The global energy markets are in flux and the scene is changing rapidly. Most analysts believe that profound shifts are…
Many analysts believe that the decision of US President, Donald Trump to end the exemptions regarding buying Iranian crude oil is a double-edged sword.…
Present statistics show rising oil prices amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude markets…
It is no secret that bulk of Pakistan’s import consists of energy and food products. Lately, the government has allowed…
The year 2018 was no different for Pakistan since there was surge in the oil import bill despite the lower…
The OPEC-led group of oil producers announced a supply cut of 1.2 million barrels per day (bpd) in crude oil…
[box type=”info” align=”” class=”” width=””]by Sarah Feldman, Dec 3, 2018[/box] Qatar announced it was leaving OPEC in January of 2019. The official reason for leaving…
International oil experts calculated that worldwide oil demand to increase by almost 1.45 million bpd during 2019, following predicted growth…
The OPEC and non-OPEC production cuts and the rising demand have been in play, which has lifted the crude oil…
Once upon a time, Pakistan Muslim League headed by Mian Mohammad Nawaz Sharif raised the slogan of ‘breaking the begging…
A study based on US, India and Pakistan economy INTRODUCTION [dropcap]T[/dropcap]he price of oil and inflation are often seen as…
PETROLEUM PRICES IN PAKISTAN (Rs/Ltr) DATE HOBC PREMIUM HS DIESEL LS DIESEL KEROSENE Jan 02, 2017 72.68 66.27 75.22 43.35…