Pakistan: Fund created to mitigate oil price shocks
The government on Monday notified a new head of account to establish a price stabilisation fund for petroleum products, following a June 5 decision by the federal cabinet. “All proceeds…
Oil falls after US-Iran talks conclude in Switzerland
Oil prices declined on Monday after US-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in…
Oil price expected to surge after Iran strikes and Strait of Hormuz closure
Stock markets around the world could tumble on Monday, and motorists are likely to pay more at the pump The price of oil is expected to soar on Monday as…