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U.S. markets hovered near record territory as oil volatility, high Treasury yields and July inflation data kept investors cautious.

Oil prices moved higher as U.S.-Iran diplomacy stalled and reduced traffic through the Strait of Hormuz renewed concern about global energy supplies.

Pakistan expects Turkish Petroleum seismic vessels to arrive in the autumn as both countries advance a new phase of offshore oil and gas exploration.

Oil markets turned higher after reported attacks in the Red Sea and a fire near the Strait of Hormuz renewed concern about shipments moving through a vital energy

LAHORE: Jamaat-i-Islami Pakistan (JI) Emir Hafiz Naeemur Rehman on Thursday announced peaceful sit-ins against the petroleum levy at 510 locations across the country on Friday, warning that the protests would transform into a movement to ov

On 26 August 2026, petrol in Pakistan costs Rs343.10 a litre and high-speed diesel Rs371.80. Those rates come from a Petroleum Division notification, and they are valid until 27 August — one day.

Petrol pump owners in Pakistan have announced a nationwide strike starting Wednesday night after talks with the government over a daily petroleum pricing mechanism ended without agreement, according to a monitored

Federal Reserve rate patience is facing a new test as oil prices, inflation expectations and mixed market signals overlap before the next policy meeting. It is the kind of update that people search for because

Pakistan's petroleum prices climbed again this week, with the government raising petrol by Rs1.63 per litre and high-speed diesel (HSD) by Rs1.55 per litre, effective from July 29. The increase takes petrol to Rs335.81

The government and Jamaat-i-Islami have agreed to form committees to review the petroleum levy and recommend public relief measures.

HOUSTON: Oil prices rose by more than $3 a barrel on Thursday on news that an Iranian parliament committee is reviewing a bill that would ban US and Israeli vessels from the Strait of Hormuz and fine violators up to a fifth of the value of

Oil has climbed above $95 a barrel for the first time in six weeks as renewed conflict around key shipping routes raises fears of fresh global supply disruption

Pakistan imported a record 3.482 million tonnes of palm oil worth $3.785 billion in FY26, compared to 3.214 million tonnes worth $3.4 billion in FY25, according to Pakistan Bureau of Statistics data.

Pakistan collected a record Rs1.567 trillion through the petroleum levy in FY26 as lower interest costs and provincial surpluses reduced the fiscal deficit.

Oil prices edged higher for a third straight session as stalled peace prospects around Iran and the Strait of Hormuz kept traders focused on supply risks

Oil prices rose on Friday after US President Donald Trump warned that countries trading with Iran could face additional economic sanctions, adding a fresh layer of uncertainty to already tense global energy markets

An oil stockpile warning is putting airlines, retailers and consumers back on inflation watch as higher fuel costs threaten to move from energy markets into ticket prices and delivery charges. The story is

Crude has returned to the $100 mark for the first time since May, as traders weigh escalating conflict risks spanning the Persian Gulf and the Red Sea.

ExxonMobil and Chevron reported combined second-quarter profits of $26.5 billion as conflict-driven oil prices lifted producer earnings and increased costs for motorists.

Asian markets rose as South Korea's chip-heavy Kospi jumped, while oil gains kept inflation and rate worries alive.

Pakistan enters FY2027 with stronger reserves and remittances, but renewed Middle East conflict and volatile oil prices threaten inflation and the trade balance.

Petroleum dealers have withdrawn a nationwide strike call after Pakistan approved a revised per-litre margin, easing immediate supply concerns.

Petrol fell by 12 paisas to Rs336.03 per litre and high-speed diesel by 66 paisas to Rs392.38 under Pakistan's short-cycle fuel pricing system.

Pakistan's decision to raise petroleum dealers' margins has eased the immediate threat of a nationwide strike, but it keeps the larger fuel-cost debate alive.