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OGDCL commences oil production from development well in Hyderabad
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) on Tuesday announced the successful commencement of oil production from its development well Pasakhi-13 in Hyderabad, marking Pakistan’s first successful horizontal oil well in a clastic reservoir. According to a statement by the company...
Oil holds above $100 as peace talk hopes fade
Oil holds above as peace talk hopes fade
Japan to start release of state oil reserve on Thursday to ease Iran impact
The Japanese government said it will start releasing 30 days’ worth of state-held oil from Thursday to cushion the impact on the economy as concerns over supply mount and oil prices soar amid the ongoing US-Israeli war on Iran. On Tuesday, the industry ministry announced that the government plans to...
Petrol Price in Pakistan may rise to historic high
Islamabad: The prices of petroleum products in Pakistan are likely to reach record-high levels as global crude oil costs continue to rise amid the ongoing Iran conflict and tensions in the Middle East. Sources indicate that petroleum product prices could see a historic increase in the coming days, p...
Why DHL is betting on rising Chinese exports – even as war and tariff risks grow
Global trade flows are facing severe disruption amid the US-Israel war on Iran and unpredictable tariff policies. But logistics giant DHL still expects its revenues to soar in the coming years thanks in large part to Chinese companies’ rising global ambitions. The resilience of China’s outbound trad...
$580 million in oil bets placed moments before Trump’s Iran post – FT
Oil traders placed $580 million in bets minutes before US president Donald Trump’s post about “productive” talks with Iran, the FT has said Read Full Article at RT.com
Pakistan says petroleum stocks comfortable after committee review
A meeting of the Committee to Monitor Petrol Prices was held today, chaired by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, following the Eid holidays, to review the energy supply situation and assess developments in global oil and gas markets amid evolving geopolitical...
Dollar and Other Currency Rates in Pakistan Today- 24 Mar. 2026
Dollar and Other Currency Rates in Pakistan Today, 24 Mar 2026: Currency Rates Update – US Dollar, GBP – Full Forex Round-Up
Africa Faces Fertilizer Supply Shock
Fertilizer supplies into Africa are coming under pressure as the Iran war disrupts global chains. Countries like Nigeria, which rely heavily on imports from China and Russia are already facing delays, with prices rising and availability tightening. Bloomberg's Jennifer Zabasajja explains on Horizons...
S&P 500 Erases Declines as Oil Climbs, Private Credit Woes Mount
US stocks were little changed in late Tuesday morning trading, as the price of oil rose with fighting between the US-Israel alliance and Iran raging unabated. Alternative asset managers also declined after Ares Management Corp. and Apollo Global Management Inc. became the latest firms to curb withdr...
UK manufacturers hit by sharpest rise in cost inflation since Black Wednesday in 1992
PMI figure reveals impact on economy of rise in oil prices driven by Iran warBusiness live – latest updatesThe UK’s manufacturers have suffered the sharpest one-month acceleration in costs since the aftermath of Black Wednesday in 1992, as conflict in the Middle East has driven up oil prices, new su...
Finance ministry says Pakistan has ‘largely secured’ petrol cargoes for March and April
Says additional shipments planned to strengthen supply buffers
Ben & Jerry’s Foundation joins lawsuit challenging The Magnum Ice Cream Company
The Ben & Jerry’s Foundation, a non-profit funded by the ice cream brand, said on Monday it had won a court ruling to join a lawsuit challenging its ultimate parent company, The Magnum Ice Cream Company, over contractual obligations and independence. Unilever retains a 19.9% stake in Mag...
Mideast Funds Ride China AI Wave to World-Beating IPO Gains
Middle Eastern funds have racked up outsize gains from bets on newly listed Chinese artificial intelligence companies, bucking a broader selloff in equity markets caused by the ongoing conflict in the Gulf.
Reliance buys 5 million barrels of Iranian oil after US waiver, sources say
Reliance buys million barrels of Iranian oil after US waiver sources say
India's strategic oil reserves cover less than 10 days of demand: RTI
Indias strategic oil reserves cover less than days of demand RTI
Rajasthan Royals sold for Rs 15,000 crore to US-based entrepreneur: Report
Rajasthan Royals sold for Rs crore to USbased entrepreneur Report
Russia should boost oil to India – expert
Western countries are trying to obstruct greater energy collaboration between Moscow and New Delhi, Ivan Timofeev has told RT India Read Full Article at RT.com
Angry Bernie Sanders to Jeff Bezos: Explain what happens when millions lose their jobs
Senator Bernie Sanders has demanded Jeff Bezos testify before Congress regarding a $100 billion AI manufacturing fund. Sanders decried the plan to replace factory workers with robots as a "declaration of war against the working class." He seeks answers on worker displacement, severance, healthcare,...
Who is Kal Somani? The US entrepreneur leading $1.63bn RR buy
Ahead of IPL 2026, Rajasthan Royals have been acquired for $1.63 billion by a consortium led by US entrepreneur Kal Somani, making it a landmark deal. Somani, a tech entrepreneur, is backed by major global investors like Rob Walton and Sheila Ford Hamp. The move highlights growing IPL value, with So...