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Oil prices rise ahead of US stockpiles report

Source: Geo News | 25-09-2013

SINGAPORE Oil prices rose in Asia Wednesday as investors expect a US stockpiles report to show a fall, indicating firm demand in the world's top crude consumer, analysts said.

New York's main contract, West Texas Intermediate for delivery in November climbed 16 cents to $103.29 in mid-morning trade, while Brent North Sea crude for November added 12 cents to $108.76.

Power situation to improve very soon

Source: The Nation | 25-03-2013

Federal Secretary Water and Power Sikandar Ahmed Rai on Sunday presided over a meeting of the power sector here at Wapda House to discuss ways and means to improve power situation in the country. The meeting convened by Wapda Chairman Syed Raghib Abbas Shah, was attended by Wapda Secretary, Member (Power), Member (Finance), Member (Water), Chief Execut..... Read more

Ministry has no funds to pay for furnace oil

Source: Tribune | 07-03-2013

An electricity crisis is brewing before the caretaker government takes over as the Ministry of Finance has no funds to pay to fuel suppliers to ensure smooth supply of furnace oil to power producers who have consumed more than allocated subsidies for the current fiscal year. According to sources, the finance ministry has so far given tariff differential c..... Read more

Dollar higher against yen

Source: Geo News | 03-09-2013

TOKYO: The dollar rose against the safe-haven yen in Asia on Tuesday as risk-taking sentiment increased on fading concern of an imminent US military strike on Syria and improved economic data. The dollar rose to 99.44 yen in afternoon Asian trade from 99.34 yen in London late Monday and the 98-yen range in Tokyo Monday. "The market hasn't comple..... Read more

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