Oil prices edged up slightly in early Asian trading on Friday, maintaining their strong weekly gains. Investors remain cautious as tensions in the Middle East raise concerns over potential crude flow disruptions, despite the global oil market being well-supplied. Market Update: Oil Prices Inch Up Brent crude futures rose by 9 cents, or 0.12%, reaching $77.71 per barrel at 0010 …
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OPEC+ Delays Planned Oil Output Increase Amid Falling Prices and Economic Concerns OPEC+, the alliance of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, has agreed to delay a planned oil output increase for October and November 2024. This decision comes after crude prices fell to their lowest in nine months, with further pauses …
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Pakistan State Oil (PSO) Records Impressive Earnings in FY24 The marketing and sales of imported liquefied natural gas (LNG) in Pakistan have turned into a highly profitable venture after the government passed on rising international gas prices to local consumers. This move has enabled state-owned energy companies to avoid further accumulation of circular debt, reduce their reliance on bank borrowing, …
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