LONDON: World oil prices fell Tuesday from all-time highs of near 140 dollars amid uncertainty over Saudi Arabia’’s pledge to increase production output, dealers said. In early morning trade, New York main oil futures contract, light sweet crude for July delivery, dropped 71 cents to 133.90 dollars per barrel. The benchmark contract closed at 134.61 dollars a barrel on Monday after earlier spiking to an all-time high of 139.89 dollars during floor trading at the New York Mercantile Exchange. London’’s Brent North Sea crude for August delivery slipped 46 cents to 134.25 dollars a barrel, after settling at 134.71 dollars on Monday. The contract had struck a record 139.32 dollars on Monday. The largest oil producer in OPEC is currently producing 9.45 million bpd after announcing an increase of 300,000 bpd last month following a visit by US President George W. Bush. The Saudi increase report came amid growing pressure for more oil from the Organisation of the Petroleum Exporting Countries cartel, which pumps about 40 percent of world output.
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A bomb exploded outside a Shiite mosque in northwest Pakistan, killing at least four people and wounding five others, the police said.
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LAHORETHE Lahore High Court has again directed Defence Police to recover Naseem Sharif, the owner of Moonlight Cinema, and produce her before
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WASHINGTON: Pakistan’’s Ambassador to the United States Husain Haqqani has said the US ought to invest in the success of a civilian government that mig
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Pakistan News
KARACHI: The Sindh government, in its budget for fiscal year 2008-09, has announced that it will introduce a massive skill development programme calle
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DERA ISMAIL KHAN, Pakistan (AP) — A bomb exploded outside a Shiite mosque in northwest Pakistan on Monday, killing at least four people and wounding five others, police said.
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Pakistan News
ISLAMABAD: Information Minister Sherry Rehman has categorically said the proposal in the Finance Bill to increase the number of Supreme Court judges f
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At least four people were killed and two others injured on Monday after a bomb ripped through a mosque in northwest Pakistan, police said.
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ISLAMABAD: Ahsan Iqbal, who quit as the federal education minister, along with his other cabinet colleagues of the Pakistan Muslim League-Nawaz (PML-N
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LAHORE: Punjab Finance Minister Ashraf Kaira presented in the provincial assembly Rs 389.8 billion provincial budget for 2008-09 that carries a surplu
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