Tag: global oil prices
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Petrol Price Relief Coming if Global Oil Prices Fall: Minister
Islamabad, Pakistan – Web Desk: Federal Minister for Petroleum Ali Pervaiz Malik has said the government will pass on the benefit to consumers if...
Saudi Aramco Cuts Arab Light Oil Prices for Asian Buyers
Riyadh, Saudi Arabia – Web Desk: Saudi Arabia's state-owned oil giant Saudi Aramco has announced a significant reduction in the official selling price of...
OPEC+ Approves Oil Production Increase for August Output
Riyadh, Saudi Arabia – (Web Desk) OPEC+ member countries have agreed to increase oil production for August following a virtual ministerial meeting attended by...
Iran Reimposes Full Closure of Strait of Hormuz Following Alleged Violation of Agreement
Tehran, Iran – Web Desk: Iran shuts Strait of Hormuz again, citing alleged agreement violations and regional security concerns.
Iran has announced the full closure...
Iran Requires 48-Hour Notice for Ships in Strait of Hormuz
Tehran, Iran - Web Desk: Iran has introduced new regulations requiring all vessels transiting through the Strait of Hormuz to obtain prior permission at...