A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. — ReutersOpen Hormuz fuels oversupply concerns, weighs on oil prices.OPEC+ likely to raise August output targets: sources.UBS cuts Brent forecast after US-Iran MoU progress.Oil prices…
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Severe flooding in Punjab poses threat to Pakistan’s economy
A man carries a new born buffalo calf as he wades through a flooded road, following monsoon rains and rising water levels of the Chenab River, in Qadirabad village near Punjab’s Chenab River, August 28, 2025. — Reuters
Across the fertile plains of Punjab, families are…
Fuel prices could keep rising for months even if Hormuz reopens, says US EIA
A person uses a petrol pump, as the price of petrol rises, in Lisbon, Portugal, March 7, 2022. Picture taken March 7, 2022. — Reuters
NEW YORK: Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the US Energy Information Administration…
Govt jacks up petrol by Rs6.39, diesel by Rs7.83 per litre
A petrol pump in the federal capital seen in this undated image. — Online/File
The Oil and Gas Regulatory Authority updates petroleum products prices on a daily basis on its website to ensure transparency and allow the immediate impact of international price fluctuations…