Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
Breaking
Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

Articles for tag: COP28, fossil, Fuels, Latest, OPEC, Outrage, pressure, sparks

December 9, 2023

News Desk

OPEC pressure on fossil fuels sparks outrage at COP28

DUBAI: Negotiations over the future of fossil fuels intensified at UN climate talks on Saturday, with OPEC fending off the oil cartel’s bid to block any phase-out in the final deal. The tone has shifted between optimism and concern over the pace of the COP28 talks in Dubai, as negotiators held marathon meetings aimed at finding a compromise on the fate of oil, gas and coal. OPEC added fuel to the fire after it was revealed that Kuwaiti Secretary-General Haitham Al Ghais sent a letter to the group’s 13 members and 10 allies this week, calling on them to “preemptively

December 8, 2023

News Desk

Russia, Saudi Arabia urge all OPEC+ powers to join oil cuts

MOSCOW: Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called on all OPEC+ members to join a deal to cut output for the good of the global economy, days after the producers’ club met fractiously. Hours after Russian President Vladimir Putin flew to Riyadh on a hastily scheduled visit to meet Saudi Crown Prince Mohammed bin Salman, the Kremlin issued a joint Russian-Saudi statement on the conclusion of their talks. The Organization of the Petroleum Exporting Countries, Russia and other allies agreed last week to new voluntary cuts of about 2.2 million barrels per day (bpd),

December 7, 2023

News Desk

Putin and Saudi Arabia’s crown prince discuss further cooperation with OPEC+

RIYADH: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed further cooperation on oil prices on Wednesday as members of OPEC+, according to a Kremlin spokesman. A Saudi account of the meeting said the crown prince praised joint coordination between the two countries “which has helped de-escalate tensions in the Middle East.” Putin and the crown prince, de facto ruler of the world’s biggest crude exporter, held the rushed talks just hours after the Kremlin leader visited Saudi Arabia’s Gulf neighbor, the United Arab Emirates. Kremlin spokesman Dmitry Peskov, according to Russian news agencies, said cooperation would

November 26, 2023

News Desk

PSX undeterred, maxes out at 59k

KARACHI: The Pakistan Stock Exchange (PSX) maintained its rally and broke records last week when it climbed over 2,000 points as investors cheered reports of an encouraging economic and earnings outlook and the expected release of the second loan tranche of 700 million dollars from the International Monetary Fund. INTERNATIONAL MONETARY FUND). A key event was the easing of weekly inflation, measured by the Sensitive Price Index (SPI), by 0.06%, which boosted investor confidence. During the week, the KSE-100 crossed the 59,000 mark for the first time in history and hit record highs. Among the worrying factors for investors were

November 12, 2023

News Desk

Iraq backs OPEC+ cuts ahead of meeting

NEW YORK: Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+ oil cuts ahead of a meeting in two weeks and as some speculators covered huge short positions ahead of the weekend’s uncertainty. However, prices stabilized with weekly losses of 4%, their third straight weekly decline. “This was the perfect technical storm. We entered this week with a near record short position and now we see some short covering going into the weekend,” said Phil Flynn, analyst at Price Futures Group. Flynn noted that in addition to Iraq’s comments, Saudi Arabia and Russia confirmed this week

October 19, 2022

The Pakistan Daily

Pakistan expresses solidarity with Saudi Arabia on OPEC+ issue

ISLAMABAD: Pakistan has expressed solidarity with Saudi Arabia in the wake of statements made against the Kingdom in the context of the Organization of the Petroleum Exporting Countries (OPEC) decision. In a statement on Tuesday, the Foreign Office said Pakistan appreciates the concerns of Saudi Arabia in avoiding market volatility and ensuring global economic stability. Reaffirming Pakistan s long-standing, abiding and fraternal ties with the Kingdom, the Foreign Office said Pakistan encourages a constructive approach on such issues based on engagement and mutual respect.

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com