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Thursday 24, April 2014

 
 
 




 

Commodities


Oil prices down ahead of US stockpiles report

By: Web Desk, Uploaded: 23rd April 2014

Oil prices down ahead of US stockpiles report SINGAPORE- Oil prices edged lower in Asian trade Wednesday despite hopes that a key US stockpiles report would beat bearish forecasts and ease concerns about tepid demand in the world’s top crude consumer. New York’s main contract, West Texas Intermediate for June delivery, was down 20 cents at $101.55 a barrel in afternoon trade while...


Oil prices ease in Asian trade

By: Web Desk, Uploaded: 22nd April 2014

Oil prices ease in Asian trade SINGAPORE- Oil prices dipped in Asian trade Tuesday, but the losses were limited by lingering concerns about the crisis in Ukraine, analysts said. New York’s main contract, West Texas Intermediate for May delivery, was down 20 cents at $104.17 a barrel in afternoon trade while Brent North Sea crude for June declined 12 cents to...


Oil prices rise in Asian trade

By: Web Desk, Uploaded: 17th April 2014

Oil prices rise in Asian trade SINGAPORE- Oil prices rose in Asian trade Thursday on lingering concerns over the Ukraine crisis, but analysts said a bearish US stockpiles report was dampening sentiment. New York’s main contract, West Texas Intermediate for May delivery, was up 33 cents at $104.09 in mid-morning trade and Brent North Sea crude for June gained seven cents...


Oil prices slip after weak Chinese trade data

By: Web Desk, Uploaded: 10th April 2014

Oil prices slip after weak Chinese trade data SINGAPORE- Oil prices eased in Asian trade Thursday on weak Chinese trada data, but losses were curbed by upbeat sentiment over US demand and lingering doubts about the full resumption of Libyan exports, analysts said. New York’s main contract West Texas Intermediate (WTI) for May delivery dropped 27 cents to $103.33 a barrel in afternoon...


Oil prices mixed on growing Ukraine fears

By: Web Desk, Uploaded: 9th April 2014

Oil prices mixed on growing Ukraine fears SINGAPORE- Oil prices were mixed in Asian trade Wednesday following big gains in European and US trade that were fueled by renewed Russia-Ukraine tensions. New York’s main contract West Texas Intermediate (WTI) for May delivery eased 12 cents to $102.44 a barrel in mid-morning trade while Brent North Sea crude for May was up five...


Oil prices rise on Ukraine fears

By: Web Desk, Uploaded: 8th April 2014

Oil prices rise on Ukraine fears SINGAPORE- Oil prices rose in Asian trade Tuesday on renewed fears about Ukraine after pro-Russian protesters seized government buildings in the eastern city of Donetsk. New York’s main contract West Texas Intermediate (WTI) for May delivery rose 46 cents to $100.90 a barrel in mid-morning trade and Brent North Sea crude for May gained 31...


Oil prices mixed in Asian trade

By: Web Desk, Uploaded: 4th April 2014

Oil prices mixed in Asian trade SINGAPORE- Oil prices were mixed in subdued Asian trade Friday as dealers stood on the sidelines bracing for the release of a key US jobs report, analysts said. New York’s West Texas Intermediate for May delivery rose four cents to $100.33 a barrel in mid-morning trade while Brent North Sea crude for May was down...


Oil-drilling plans face stiff resistance in Spain’s Ibiza

By: Web Desk, Uploaded: 4th April 2014

Oil-drilling plans face stiff resistance in Spain’s Ibiza MADRID- Plans to drill for oil off the Spanish holiday island of Ibiza have met with fierce opposition from locals who fear the white sand beaches and marine life will be damaged. “Everyone is against it here,” said Carlos Bravo of the Blue Sea Alliance, an umbrella organization of 50 groups including environmentalists, hoteliers and...


Oil prices mixed in Asian trade

By: Web Desk, Uploaded: 3rd April 2014

Oil prices mixed in Asian trade SINGAPORE- Oil prices were mixed in Asian trade Thursday as investors weighed a surprisingly robust US stockpiles report with an expected return of Libyan supply after a months-long disruption in exports, analysts said. New York’s West Texas Intermediate for May delivery eased 21 cents to $99.41 a barrel in mid-morning trade and Brent North Sea...


Oil prices rise in Asian trade

By: Web Desk, Uploaded: 2nd April 2014

Oil prices rise in Asian trade SINGAPORE- Oil prices edged higher in Asian trade Wednesday following upbeat global economic data but a lack of fresh leads was curbing further gains, analysts said. New York’s West Texas Intermediate (WTI) for May delivery rose three cents to $99.77 a barrel in late-morning trade and Brent North Sea crude for May was up four...


Oil prices dip on hopes of Ukraine crisis easing

By: Web Desk, Uploaded: 1st April 2014

Oil prices dip on hopes of Ukraine crisis easing SINGAPORE- Oil prices dipped in Asian trade Tuesday as reports of a partial withdrawal of Russian troops along the Ukrainian border raised hopes of an easing in the worst East-West standoff since the Cold War. New York’s West Texas Intermediate (WTI) for May delivery dropped 28 cents to $101.30 a barrel in afternoon trade and...


Crude prices ease in Asia on profit taking

By: Web Desk, Uploaded: 31st March 2014

Crude prices ease in Asia on profit taking SINGAPORE- Oil prices eased in Asian trade Monday as dealers booked profits after strong gains last week fuelled by positive US economic data and the tensions in Ukraine. New York’s West Texas Intermediate (WTI) for May delivery eased 25 cents to $101.42 a barrel in afternoon trade and Brent North Sea crude for May dipped...


Oil prices mixed in Asia trade

By: Web Desk, Uploaded: 28th March 2014

Oil prices mixed in Asia trade SINGAPORE- Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over US economic growth and concerns about supply disruptions in Nigeria. New York’s main contract West Texas Intermediate for May delivery was up eight cents at $101.36 a barrel in mid-morning trade, while Brent North Sea crude...


Oil prices up in Asia on US data

By: Web Desk, Uploaded: 26th March 2014

Oil prices up in Asia on US data SINGAPORE- Oil prices rose in Asian trade Wednesday as data showed a better-than-expected jump in US consumer confidence to a six-year high. New York’s main contract, West Texas Intermediate for May delivery, was up 15 cents to $99.34 a barrel in late-morning trade, and Brent crude for May climbed 16 cents to $107.15. The US...


Crude prices drop on weak Chinese manufacturing data

By: Web Desk, Uploaded: 24th March 2014

Crude prices drop on weak Chinese manufacturing data SINGAPORE- Oil prices eased in Asian trade Monday on demand fears after data suggested China’s manufacturing activity contracted in March to its weakest rate in eight months. New York’s main contract, West Texas Intermediate for May delivery, eased 19 cents to $99.27 a barrel in mid-morning trade, and Brent crude for May dipped 18 cents...


Pakistan should import gas from Iran: Shamim Akhtar

By: Web Desk, Uploaded: 21st March 2014

Pakistan should import gas from Iran:  Shamim Akhtar ISLAMABAD: Former Managing Director, Sui Southern Gas Pipelines Limited, Prof. Shamim Akhtar has said that like other countries, Pakistan should import gas from Iran. Talking to a private Radio channel, he has said despite the US ban, Iran exports its oil to India, UAE and China. Responding to a question, he said that if US...


Crude prices rise in Asian trade

By: Web Desk, Uploaded: 20th March 2014

Crude prices rise in Asian trade SINGAPORE- Oil prices rose in Asian trade Thursday after stockpiles declined at a key US trading hub, indicating stronger demand, and on news of a major pipeline expansion in the United States. New York’s main contract, West Texas Intermediate (WTI) for April delivery, rose 13 cents to $100.50 in mid-morning trade and Brent North Sea...


LPG price goes up by Rs.5 per kg

By: Web Desk, Uploaded: 18th March 2014

LPG price goes up by Rs.5 per kg ISLAMABAD: Acting brazenly, the Liquified Petroleum Gas (LPG) marketing companies on Tuesday increased the gas price by Rs5 per kg in the face of rising local production. The commodity has witnessed second hike in just seven days without any notification, putting extra burden on masses and posing a challenge to the regulator to purge unethical...


Oil prices rebound in Asia

By: Web Desk, Uploaded: 13th March 2014

Oil prices rebound in Asia SINGAPORE- Oil prices rebounded in Asian trade Thursday as investors took to bargain hunting after sharp falls induced by a bigger-than-expected rise in US crude stockpiles. New York’s main contract, West Texas Intermediate for April delivery, rose 13 cents to $98.12 in mid-morning trade and Brent North Sea crude for April was up 29 cents...


Oil prices ease in Asian trade

By: Web Desk, Uploaded: 12th March 2014

Oil prices ease in Asian trade SINGAPORE- Oil prices fell in Asian trade Wednesday ahead of the weekly US stockpiles report that will give an indication of demand in the world’s biggest economy. New York’s main contract, West Texas Intermediate (WTI) for April delivery dipped 47 cents to $99.56 in mid-morning trade, and Brent North Sea crude for April eased 20...


Oil prices ease on weak Chinese trade data

By: Web Desk, Uploaded: 10th March 2014

Oil prices ease on weak Chinese trade data SINGAPORE- Oil prices eased in Asian trade Monday as weak Chinese trade data stoked concerns over demand in the world’s top energy consumer, analysts said. New York’s main contract, West Texas Intermediate for April delivery, was down nine cents at $102.49 in mid-morning trade. Brent North Sea crude for April was down 41 cents at...


Oil prices up on US jobs optimism, Ukraine

By: Web Desk, Uploaded: 7th March 2014

Oil prices up on US jobs optimism, Ukraine SINGAPORE- Oil prices rose in Asian trade Friday ahead of the release of a key monthly US jobs report while investors keep an eye on the crisis in Ukraine’s Crimean peninsula. New York’s main contract, West Texas Intermediate for April delivery, rose 37 cents to $101.93 in afternoon Asian trade. Brent North Sea crude for...


Oil prices mixed in Asian trade

By: Web Desk, Uploaded: 6th March 2014

Oil prices mixed in Asian trade SINGAPORE- Oil prices were mixed in Asian trade Thursday on data showing weaker US energy demand as Russia comes under international pressure following its seizure of Ukraine’s Crimea peninsula. New York’s main contract, West Texas Intermediate (WTI) for April delivery, fell 33 cents to $101.12 in mid-morning trade, while Brent North Sea crude for April...


Oil prices mixed as Ukraine fears recede

By: Web Desk, Uploaded: 5th March 2014

Oil prices mixed as Ukraine fears recede SINGAPORE- Oil prices were mixed in Asia Wednesday as fears of an immediate armed conflict in Ukraine receded, but analysts said the presence of Russian-backed troops in the Crimean peninsula continue to support prices. New York’s main contract, West Texas Intermediate (WTI) for April delivery, rose 12 cents to $103.45 in mid-morning Asian trade, while...


Oil prices mixed, eyes on Ukraine crisis

By: Web Desk, Uploaded: 4th March 2014

Oil prices mixed, eyes on Ukraine crisis SINGAPORE- Oil prices were mixed in Asian trade Tuesday as investors cautiously watch events in Ukraine, with western powers threatening sanctions against Russia for its military intervention in the region. The United States said it has suspended defense cooperation with Russia and the UN Security Council began a meeting on the crisis. US benchmark West...


Oil prices down in Asian trade

By: Web Desk, Uploaded: 28th February 2014

Oil prices down in Asian trade SINGAPORE- Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding crisis in Ukraine. New York’s main contract, West Texas Intermediate (WTI) for April delivery, eased 36 cents to $102.04 in mid-morning trade, while Brent North Sea crude for April slid nine cents to $108.87. WTI...


 
 
 



 
 



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