An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. — Reuters Brent, WTI at over one-month high.Iran’s Guards say two oil tankers ‘exploded’ in Strait of Hormuz.Number of ships transiting the strait stays low over the weekend.SINGAPORE: Oil…
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Govt bans supplementary grants under IMF policy
The International Monetary Fund headquarters building is seen in this picture taken on April 8, 2019. — ReutersMinistry of Finance issues official memorandum.Only disaster-related grants allowed without Parliament’s nod.Ministries must exhaust all options before seeking extra…
Crude stabilises after US-Iran flare-up rocked peace hopes
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — Reuters
Trump orders fresh strikes against Iran.Washington revokes temporary Iran sanctions waiver.Markets monitor Strait of Hormuz tensions.
Oil prices dipped Thursday…
Petrol price likely to go up by Rs6.6 per litre for next fortnight
A worker holds a fuel nozzle to fills fuel in a car at petrol station in Karachi, on September 16, 2023. — ReutersHike primarily due to changes in exchange rate, petroleum levy.Kerosene, light diesel prices may see decline in fortnightly review.Petrol likely to settle at new price of…