A view of Hin Leong’s Pu Tuo San VLCC supertanker in the waters off Jurong Island in Singapore, July 11, 2019. — ReutersProlonged Strait of Hormuz disruption could remove 8-10m bpd from supply.Rising energy prices may fuel inflation, hurt global economic growth.Major shipping…
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Petrol price drops by Rs5.66 per litre for next fortnight
A representational image of a fuel station staffer updating the fuel prices in Karachi. — AFP/ FilePetrol to now costs Rs263.02 per litre.HSD price slashed by Rs1.39 to Rs275.41 per litre.Kerosene oil price cut by Rs3.26 to Rs181.71 per litre.
In line with recent…
China says to launch digital currency action plan
China’s official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture.— Reuters
China will on January 1 launch an “action plan” for boosting management and operations of its digital currency, a deputy governor of the country’s…
Oil eases but holds above $100 as Hormuz disruption persists
A pump jack operates outside of Midland, Texas, US June 11, 2025. — ReutersUS to start operation to aid stranded ships, says Trump.Iran reviewing US response to 14-point proposal.OPEC+ agrees third oil output quota hike since Hormuz closure.
SINGAPORE: Oil prices eased on Monday…