Saudi Aramco, the world's largest oil exporter, has increased the price of crude oil for November.


Riyadh: Global crude oil prices have taken a 2% dip, marking another significant drop in the volatile energy market.
This decline comes on the heels of an announcement by Saudi Aramco, the world's largest oil exporter, which has opted to raise the price of crude oil for November.
This move by Saudi Aramco is expected to send ripples across the international oil market, potentially impacting the pricing strategies of other major oil-producing countries such as Iran, Kuwait, and Iraq.
The current decrease in crude oil prices can be attributed to several factors, with experts pointing to a sluggish global economy and concerns over dwindling demand as the primary drivers behind this downward trend.
Analysts are keeping a keen eye on these developments, as a sustained decline in global oil prices could have far-reaching consequences.
Notably, it may result in a noticeable reduction in the price per liter of fuel in countries like Pakistan, providing some relief to consumers grappling with the economic challenges posed by high energy costs.
As the situation unfolds, market observers will continue to assess the impact of Saudi Aramco's pricing decisions and closely monitor global economic indicators to gauge the future trajectory of crude oil prices.
Police book singer Naseebo Lal's husband in domestic violence case
- 21 hours ago

PM urges int’l community, HR organisations to raise awareness on religious intolerance against Muslims
- 20 hours ago

The man whose tweets helped kill DEI
- 8 hours ago

Laptop charged in few minutes with solar energy introduced
- a day ago

Pakistan wins Davis Cup Juniors 2025 title
- 18 hours ago

100 acres of land allocated for Danish University: PM
- a day ago

Four killed, three injured in separate terrorist attacks on police stations in KP
- 6 minutes ago

Former reality TV star wins longest-ever Iditarod
- a day ago
No change in prices of petroleum products
- 10 hours ago
Lashkar-i-Islam founder Mufti Munir Shakir killed, 3 others injured in Peshawar blast
- 17 hours ago
Explosion near bus in Nushki leaves seven dead, dozens injured
- 24 minutes ago
Security forces neutralise nine terrorists in separate IBOs in KP: ISPR
- 19 hours ago