Oil up over hopes of extension of current output cuts

Oil prices increased on Wednesday over hopes that major oil producers of OPEC+ will keep production levels unchanged for May and despite estimates of a build in US inventories. International benchmark Brent crude was trading at $64.52 per barrel at 0620 GMT for a 0.54% increase after […]

Oil import bill shrinks 20.9pc to $5.64b

ISLAMABAD-The country’s oil import bill witnessed reduction of 20.90 per cent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The oil imports during July-January (2020-21) were recorded at $5640.751 million against the imports of $7131.451 million […]