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Business

Web Desk Karachi
Jun 23, 2025

Brent crude could hit $110 if Strait of Hormuz flows drop by half, Goldman Sachs warns

The global oil market is trying to figure out the likely trajectory for energy prices as the crisis in the Middle East escalates.

Business

Reuters
May 05, 2025

Oil drops more than $2 per barrel as OPEC+ accelerates output hikes

Barclays lowered its oil prices forecast by $4 to $66 a barrel for 2025 because of the accelerated phase out by OPEC+.

Business

Reuters
Apr 23, 2025

Oil rises 1pc on Iran sanctions, drop in US crude stocks

Brent crude futures rose 61 cents but US crude oil inventories fell by around 4.6 million barrels last week, market sources said.

Business

Reuters
Apr 07, 2025

Oil prices hit their lowest since April 2021

Oil prices plunged 7% on Friday as China ramped up tariffs on US, escalating a trade war that has led to a higher probability of recession.

Business

Web Desk
Jan 11, 2025

Inflation may climb up again after June this year

Inflation had fallen to seven percent because in previous years it went as high as 29 percent so base effect needs to be considered too

World

Reuters
Apr 09, 2024

Oil prices turn higher as Middle East ceasefire hopes wane

Investors are also awaiting inflation data due from the US and China for further signals on the economic direction of the world’s top two oil consumers, as well as an interest rate decision from the European Central Bank on Thursday.

World

Web Desk
Apr 05, 2024

Oil prices cross $90 as UAE cuts diplomatic ties with Israel

All of this served to send Brent soaring in the last two hours, with Brent spiking above $90 for the first time since October and sending stocks tumbling to session lows, Oilprice.com reported.