The United Arab Emirates’ (UAE) oil exports have climbed to their highest level since 2017, with daily shipments exceeding 3.9 million barrels in June, according to Emirati media reports. The increase marks a significant recovery in the country’s energy exports, with officials reporting that oil shipments have returned to levels seen before recent regional conflict […]
energy market
Oil prices fall after US, Iran talks ease supply fears
Global oil prices fell on Monday after diplomatic talks between the United States (US) and Iran concluded in Switzerland, easing fears of a potential supply disruption in international energy markets. Brent crude dropped by $1.68, or 2.09%, to $78.89 per barrel, while US West Texas Intermediate (WTI) crude also declined ahead of the contract expiry. […]
Pakistan could gain most if Iran oil exports resume: official
ISLAMABAD: Pakistan would be among the biggest beneficiaries if Iran is allowed to re-enter global energy markets and resume oil and gas exports, according to a senior government adviser. Finance Ministry adviser Khurram Shahzad said that any easing of sanctions on Iran and its reintegration into the international oil economy could significantly improve regional energy […]
UAE raises petrol prices by around 8%, fuel rates climb in May update
The United Arab Emirates (UAE) has announced new fuel prices for May 2026, increasing petrol rates by nearly 8% while keeping diesel prices unchanged, according to an official notification. The revision comes in line with rising global crude oil prices and ongoing volatility in international energy markets. Read More: UAE fuel prices surge sharply in latest […]
UAE fuel prices surge sharply in latest revision
Fuel prices in the United Arab Emirates (UAE) have recorded a significant increase, with both petrol and diesel rates rising sharply under the latest revision announced by authorities. Read More: UAE hikes petrol and diesel prices sharply According to the updated pricing structure, petrol rates have increased by more than 30 percent, while diesel has seen an even […]
Oil prices hold firm as US–Iran tensions support market
Global oil prices remained steady on Wednesday as ongoing diplomatic talks between the United States and Iran created uncertainty, while geopolitical tensions continued to provide underlying support to the energy market. Brent crude traded near $69 per barrel, while U.S. West Texas Intermediate hovered around $64, reflecting cautious optimism among traders waiting for clearer signals […]
Petrol prices may drop again from January 16
Petrol and other petroleum product prices in Pakistan are expected to decline for the fourth consecutive fortnight from January 16, according to local media reports citing official sources on Tuesday. Read More: Petrol price slashed by Rs 10.28, diesel by Rs 8.57 for next fortnight Preliminary calculations indicate that petrol prices may be reduced by […]
Pakistan proposes setting up CASA Energy Market
Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, on Thursday proposed that Pakistan and Central Asian countries work closely to develop a CASA Energy Market, modelled on the European Energy Grid, to enable all nations in the region to fully harness their renewable and conventional energy potential. The minister presented this proposal during a […]
Oil prices dip for third month
SINGAPORE – Oil prices edged lower on Friday, marking a third consecutive monthly decline, as a stronger U.S. dollar curbed investor appetite for commodities and growing global supply offset the impact of Western sanctions on Russian exports. Brent crude futures slipped 33 cents, or 0.51%, to $64.67 a barrel by 0027 GMT, while U.S. West […]