Tag: Business News
Saudi oil exports fall for third month running
The Joint Organisations Data Initiative (JODI), Saudi Arabia's crude oil exports decreased for a third consecutive month in June, reaching its lowest level since...
European shares open lower as China-exposed miners weigh
European markets opened lower on Wednesday. Losses were led by China-exposed miners, while UK stocks were under pressure from higher-than-expected core inflation data. European shares...
Caretaker govt increases petrol price by Rs17.50 per litre
The caretaker administration on Tuesday raised the cost of petrol by Rs17.50 per litre, bringing it to a record high of Rs290.45. The price...
Most Gulf markets in red after China cuts rates
After rate cuts by China and more discouraging news from the world's second-largest economy, the majority of stock markets in the Gulf ended Tuesday's...
Sri Lanka says China’s Sinopec to start operations Sept. 20
"Sri Lanka's power minister announced that Chinese oil giant Sinopec will have the authorization to sell petrol below the country's maximum retail price when...
Petrol, Diesel prices likely to increase amid oil market pressure
Prices for petroleum products are set to rise by Rs 20 per litre nationwide as a result of market dynamics on the international level. Petrol...