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…
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Iran conflict pushes oil prices higher as stocks slip, dollar strengthens
Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. — Reuters Traders rapidly reduce Fed rate cut wagers for year.All major US stock indexes log daily and weekly declines.US…
Oil industry urges review of mandatory EV chargers at petrol stations
People charging an electric vehicle in Islamabad, on March 25, 2026. — APPEV chargers require Rs15m-20m investment per unit.Only few EV stations reaching operational breakeven.Around 3,000 EVs currently operating nationwide.
KARACHI: The Oil Companies Advisory Council has…
Remittances rise 9% to $16.1bn in first five months of FY26
A currency exchange dealer holds dollars in his hands. — AFP/FileNovember inflows rise YoY but fall from October.Saudi Arabia stays Pakistan’s largest remittance source.Brokerage projects FY26 remittances to reach $41bn.
Workers’ remittances to Pakistan rose 9%…