Business
Petroleum prices likely to drop significantly: Experts
Experts believe that only geopolitical tensions in the Middle East can increase oil prices.
Islamabad: The energy experts said that the prices of petroleum products are likely to decrease significantly in early 2024 due to low demand and high production of oil.
According to the experts, crude oil prices declined in November and December due to a weak global economy and a drop in demand due to rising crude oil inventories in the United States.
The analysts monitoring the market stated that while crude oil supply is currently higher than demand, for the first half of 2024, we expect Brent (crude) to range from $60 to $65 per barrel to $85 to $90 per barrel.
Experts believe that only geopolitical tensions in the Middle East can increase oil prices, otherwise there is a possibility of significant decline in oil prices.
-
Pakistan 2 days ago
UK announces new Rs37bn climate finance program for Pakistan
-
Technology 2 days ago
Crypto giant Bitcoin touches record high of $100,000
-
Business 2 days ago
Gold prices rise sharply in Pakistan
-
Regional 2 days ago
Punjab situation better than others, no compromise on merit: CM Maryam
-
Sports 2 days ago
PCB appoints Azhar Ali as head of youth development
-
Regional 1 day ago
CM Maryam visits Nishtar Hospital, suspends paramedics over AIDS spread
-
Pakistan 1 day ago
Bushra Bibi's allegations against Saudi Arabia 'baseless': Ex-COAS Qamar Bajwa
-
World 2 days ago
Guman kills 10 in attack on Sufi shrine in Afghanistan: interior ministry