A drone view of a pump jack and drilling rig. — AFP/FileAmerica and Europe begin reserve releases starting end of March.IEA releases 271.7 million barrels to cushion oil price surge.Agency urges insurance, protection to restore Hormuz shipping.Strategic oil reserves will…
Related Posts
Pakistan begins stakeholder consultations on power market reforms

A power transmission tower in Karachi on January 24, 2023. — ReutersISMO holds workshop to open stakeholder dialogue.Reform aims to auction 800MW of wheeling demand.Leghari stresses CTBCM built on global best practices
ISLAMABAD: Pakistan has launched stakeholder consultations on…
Pakistan’s annual inflation accelerates to 4.1% in July

A shopkeeper speaks with a customer while selling spices at a market in Karachi, Pakistan June 11, 2024.— ReutersSPI inflation decreased by 0.9% year-on-year in July. 11 items’ prices increased during the reported week.Prices of 12 items declined in weekly comparison.
US approves temporary sale of stranded Russian oil to India

A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. — ReutersWaiver issued to keep oil flowing into market.Russia won’t gain much benefit from it: US.US allows sale of oil as of March 5, 2026.
The US government on Thursday…




