A worker holds a fuel nozzle to fills fuel in a car at a petrol station in Karachi. — Reuters/FileNew petrol price set at 253.17 per litre.High-speed diesel rate cut by Rs8.57.Fresh rates to remain effective till Jan 15.Pakistan welcomed the New Year with a major…
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World faces largest-ever oil supply disruption on Middle East war, warns IEA
A pump jack is seen at sunrise near Bakersfield, California.— Reuters/FileGlobal supply to drop by 8m bpd in March due to Hormuz blockade.IEA says recovery of production could take weeks or months.IEA head says oil reserve release has ‘strong impact’ on markets.
The…
PSO attracts bids for two petrol cargoes amid Strait of Hormuz tensions
This image shows the Pakistan State Oil filling station on January 29, 2021. — Facebook@PakistanStateOilBids valid until Mar 13; PSO must respond before the deadline expires.Agricultural machinery expected to increase fuel consumption.Diesel stocks sufficient for 20 days, demand to…
China’s trade surplus hit record $1.2tr in 2025
hows a cargo ship and shipping containers at the port of Lianyungang in Jiangsu, China. — Reuters/FileChina’s trade in 2025 “surpassed ¥45tr for first time.Exports to European Union also up 8.4% with decrease in imports.Beijing’s year-on-year exports to US fell 20%, imports…