Global Crude Oil Prices Surge to Six-Month High

Naeem AkhtarOctober 24, 2026October 24, 202604 mins

Global crude oil prices have surged to their highest level in six months, with Brent crude settling at $116.72 per barrel and US West Texas Intermediate (WTI) crude rising above $103 per barrel. Concerns over the widening Iran war and threats to energy infrastructure across the Gulf region have heightened uncertainty in global markets. Key…

Our way is open to trade crude oil in Chinese currency, Chinese Foreign Ministry

PNP DeskJune 13, 2023September 13, 202402 mins

The Chinese Ministry of Foreign Affairs says that in principle, our way is open for the trade of crude oil in Chinese currency. The Chinese Foreign Ministry has given this statement on Pakistan’s payment to Russia in Chinese currency for the purchase of crude oil. China says that this is normal trade cooperation between Pakistan…