August 26, 2026

Govt Doesn’t Want to Reduce Petrol Prices as Global Oil Prices Fall Under $80

Govt Doesn’t Want to Reduce Petrol Prices as Global Oil Prices Fall Under $80

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Despite a recent decline in international oil prices, motorists in Pakistan may have to wait before seeing any significant reduction in petrol prices. While some global benchmarks have fallen below the $80-per-barrel mark, domestic fuel prices remain under pressure from several other cost factors that influence the final price at the pump. Brent crude recently […]

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‎US crude oil inventories inch higher, gasoline down

‎US crude oil inventories inch higher, gasoline down

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Oil tanks US commercial oil inventories rose slightly during the week ending August 21, according to data released Wednesday by the US Energy Information Administration (EIA), while derivatives stockpiles moved down. This is the fourth successive rise in the US crude stockpile. However, it is below the US Petroleum Institute’s estimates of a rise by

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Iran and Oman prepare Hormuz deal as U.S. holds back on secondary sanctions

Iran and Oman prepare Hormuz deal as U.S. holds back on secondary sanctions

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