London/Singapore
Oil prices steadied on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger U.S. dollar and a drop in Chinese refining runs hit the market. Global benchmark Brent crude futures were up 3 cents, or 0.1 percent, at $50.76 at 0551 GMT.
That was just above the contract´s 100-day moving average, briefly breached in the previous session. U.S. West Texas Intermediate crude futures were down 1 cent at $47.58 a barrel. Oil prices tumbled more than 2.5 percent on Monday in volatile trade as the dollar strength and the demand concerns in China, the world´s second-largest oil user, weighed on sentiment. A stronger dollar tends to limit the demand for oil for buyers paying in other currencies. Chinese oil refineries operated in July at their lowest daily rates since September 2016, official data showed on Monday, to ease brimming inventories as state-owned oil giants faced off independents in a retail petrol price war.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March
Government is eager to provide an ecosystem to foreign and local IT companies and investors through policymaking
