Federal Minister for Industries and Production (I&P) Mian Mazoor Ahmad Wattoo has said that the constant decrease in petroleum prices would give direct relief to the common man. He said such initiative of the government would not only ...

Advisor to Prime Minister on Finance and Economic Affairs, Shaukat Tareen on Saturday night said the petroleum prices including that of furnace oil will be further reduced on Sunday. Addressing  the business community at a dinner  hosted for ...

World oil prices fell in Asian trade on Tuesday as euphoria over the US government's bailout of Citigroup faded and investor pessimism about the global economic downturn returned, analysts said. New York's main futures contract, light sweet crude ...

World oil prices held steady on Wednesday at their lowest levels in about 22 months but analysts said they will drop even lower because of worries over falling energy demand. New York's main oil futures contract, light sweet ...

World oil prices continued lower in Asia on Thursday with traders worried by falling demand during the global financial crisis. New York's main futures contract, light sweet crude for December delivery, fell 92 cents to 55.24 dollars a ...

Oil prices eased in Asian trade on Tuesday after optimism over a Chinese economic stimulus package wore off, analysts said. New York's main contract, light sweet crude for December delivery, fell 1.48 dollars to 60.93 dollars a barrel ...

World oil prices were lower in Asian trade on Wednesday on renewed worries about energy demand in the face of weak global growth, analysts said. New York's main contract, light sweet crude for December delivery dropped 1.13 dollars ...

After the oil barrel price settled just above 60 dollars in London, morning trading in Asia on Tuesday saw Brent crude oil drop below the 60 dollar mark, as a result of slowing economies and weakening energy ...

World oil prices were higher in Asian trade Monday, mirroring gains in equity markets on improved investors’ confidence, dealers said. New York's main contract, light sweet crude for December delivery, advanced 1.08 dollars to 68.89 dollars a barrel ...

World oil prices neared 70 dollars a barrel in Asian trade on Thursday, extending gains after a cut in US interest rates powered a rally in global stock markets. New York's main contract, light sweet crude for December ...