Specialists work at a drilling rig at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 19, 2026. — ReutersOPEC+ keeps oil output policy unchanged for OctoberIran to announce restricted zone outside Strait of Hormuz.Hormuz traffic dips to…
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Govt plans phase-out of protected power consumers
A power technician while fixing electric meters in Pakistan. — AFP/File
The government is working on phasing out the protected electricity consumer category, a top official informed lawmakers on Tuesday, in a move that would replace subsidised tariffs with direct cash transfers for…
Oil prices gain as focus shifts to supply recovery and demand
A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. — ReutersMarket focus shifts from conflict to supply.Traders monitor China demand recovery.Strait recovery slower than expected.
Oil prices edged higher…
Asian shares skid after oil prices surge on Gulf conflict
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — Reuters S&P 500 futures slip, Nikkei and Kospi extend retreat.Dollar edges up as market narrows odds on Fed rate hike.Fed chair to testify this week, US CPI in focus.
SYDNEY:…