Petroleum Minister Ali Pervez Malik has given hope of possible good news on petrol and diesel prices within the next two days. He said this will happen if international oil prices stay stable. Speaking to the media on Sunday, the minister explained that the Oil and Gas Regulatory Authority (OGRA) sets fuel prices in Pakistan. […]
Petrol Prices May Bring Good News in Next Two Days, Petroleum Minister Read More »
Published Aug 08, 2026 • Last updated 7 hours ago • 1 minute read Saturday letters Photo by Illustration /Toronto Sun FUEL FOR THOUGHT Don’t the Republican politicians realize what Iran is doing? Iran is purposely continuing to block oil tankers in the Strait of Hormuz and it is driving up oil prices. The midterm U.S.
Letters to the Editor, Aug. 8, 2026 Read More »
NEW YORK — Stocks rose on Wall Street Friday and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month. Every major index notched a second straight week of gains, which included several fresh records. It marks a strong start to August following several weak months. The S&P 500 rose
World shares are mixed after US stocks fall back, while oil edges lower Read More »
Nigeria’s three largest listed upstream and integrated oil companies generated a combined N7.05 trillion in revenue during the first half of 2026, as the oil price rally triggered by the US-Israel military campaign against Iran translated into one of the strongest earnings seasons the sector has witnessed in years… https://nairametrics.com/2026/08/07/iran-war-delivers-n7-05-trillion-in-revenue-to-three-major-oil-companies-as-crude-rally-fuels-h1/
Lower oil prices and easing inflation expectations supported bullion. Gold prices rose during Friday’s trading and were on track to post their strongest weekly gains since January, supported by lower oil prices. This came as investors awaited the US nonfarm payrolls report. Hopes for a Middle East peace agreement had eased inflation expectations, allowing gold
Gold rises, set for strongest weekly gain since January Read More »
Traders weighed geopolitical risks against expectations of weaker weekly performance for crude. Oil prices advanced during Friday’s trading as uncertainty related to the reopening of the Strait of Hormuz persisted, although both benchmark crude contracts remain on track to post weekly losses of around 8%. The move comes as an Iranian parliamentary committee discusses a
Oil rises over 1%, on track for weekly losses Read More »
A vessel is anchored off the coast of Sharjah in the United Arab Emirates on Aug. 3, 2026. AFP | Getty Images Oil rose Friday amid worries over supply disruptions after Iran published a restrictive draft plan for the Strait of Hormuz. Futures for international benchmark Brent crude for October delivery gained 1.25% to $83.52 a
Oil rises as Iran’s draft plan sees U.S. and Israel banned from Strait of Hormuz Read More »
Oil prices jumped after the comments by senior Iranian officials on the talks to manage traffic through the waterway… https://www.washingtonpost.com/world/2026/08/06/iran-says-hormuz-deal-with-oman-wont-fully-reopen-strait/
Iran says Hormuz deal with Oman won’t fully reopen strait Read More »
NEW YORK — Stocks edged further away from their recent records on Thursday as Wall Street faced pressure from rising oil prices and mixed company earnings. Wall Street opened the week soaring higher and notching records, but has calmed over the last two days. Markets are dealing with uncertainties over the ongoing U.S. war with
US stocks edge lower as oil prices rise and more earnings reports roll in Read More »
By Julianne Geiger – Aug 06, 2026, 11:30 AM CDT Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower. Saudi Aramco will reduce the September official selling price for Arab Light by 50
Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal Read More »
