Oil has been dubbed as the most valuable commodity with some even referring it as black gold. Until recently no one would have believed that the price of oil could have reached below USD 20 let alone into negative. Last week, in an unprecedented historical event, the West Texas Intermediate (WTI) i.e. USA oil benchmark … Read More “Analysis of the global oil price shock – How it happened and what`s next?” »
As the world witnessed a sudden slump in the global oil prices during last few days with the WTI even trading at negative USD 40/barrel, people took to the twitter and shared their wit on this unprecedented event. The #oilprice quickly became trending on the twitter. Here are some of the hilarious tweets and enjoy … Read More “Twitter storms with memes on Oil Prices” »
Throughout the history of Pakistan, the major chunk of the import bill has been the petroleum group. Even with a slight reduction in global oil prices, the pressure on the current account deficit is relieved. During recent years, Pakistani economy has been facing huge import bill and the balance of payment has remained a continuous … Read More “Recent slump in global oil prices: What it really means for Pakistan.” »
