November 10, 2024 -

Oil settles down 2% on receding hurricane risk, lackluster China stimulus

November 10, 2024November 10, 2024 Admin

NEW YORK, Nov 8 (Reuters) – Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China’s latest economic-stimulus packages failed to impress some oil traders. U.S. West Texas Intermediate futures led the decline and settled at 70.35 per barrel, down by…

Attock Refinery delays upgrade project due to tax dispute

November 10, 2024November 10, 2024 Admin

Sales tax issue on crude and refined products blocks progress on high-investment refinery expansion KARACHI: Attock Refinery Limited (ATRL) has delayed the execution of its multi-million-dollar refinery upgrade project, aimed at increasing the production of premium products like petrol and diesel, due to unresolved tax-related issues. The project, which is designed to reduce the production of outdated furnace oil and…