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ECC approves monthly review of POL prices

Source: Dawn News | 15-02-2013

The Economic Coordination Committee (ECC) of the cabinet approved on Thursday for the monthly price review of POL products, DawnNews reported.

The meeting of the ECC headed by Federal Law Minister Farooq H. Naek was held in Islamabad during which the decision to approve monthly POL price review was taken.Sources added that the new prices would be enforced on the first of every month.The ministry of petroleum had sent the ECC a request for a weekly price review on POL products which was rejected by the committee.

The ministry of Petroleum had stopped the weekly price review on POL products after the Supreme Court had issued an order against it in October last year.

Oil prices rise in Asian trade

Source: The News | 13-03-2013

il prices rose in Asian trade Wednesday, cheered by another record close for equities on the Dow Jones index that indicate confidence in the US economy, analysts said. New York's main contract, light sweet crude for delivery in April gained 21 cents to $92.75 a barrel and Brent North Sea crude for April delivery increased six cents to $109.71. ..... Read more

Oil prices slip on profit-taking in Asian trade

Source: GEO News | 14-06-2013

SINGAPORE: Oil prices eased on profit-taking in Asian trade Friday while dealers grow cautious over a supply glut and waning global demand, analysts said. New York's main contract, light sweet crude for delivery in July dropped 21 cents to $96.48 a barrel in the afternoon and Brent North Sea crude for August delivery shed 33 cents to $104.62. Both c..... Read more

Brent crude oil falls more than 2% after Iran deal

Source: Geo News | 25-11-2013

Brent crude prices fell by more than two percent on Monday following a key deal between world powers and Iran on its controversial nuclear programme. Brent North Sea crude, the European benchmark, for January delivery fell $2.48, or 2.23 percent, in early Asian trade to $108.57, while New York's main contract, West Texas Intermediate (WTI) for January, wa..... Read more

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