Tag: global oil prices
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Oil Prices Surge Above $78 as US Strikes Iran, Gulf Tensions Rise
London - Web Desk: Oil prices climbed more than 1% on Thursday as US airstrikes on Iran shattered hopes for a durable ceasefire and...
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...