OPEC+ extends major oil production cuts until 2025 to stabilise market

Jun 03, 2024

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support oil prices by managing...

High fuel prices not good for both oil producer, consumer countries: Indian Oil chief

Nov 03, 2021

New Delhi [India], November 3 : Stating that higher fuel prices are not good for both Oil producing and Oil consuming countries, Indian Oil...

Rupee touches new low for the fifth straight session on Tuesday

Nov 12, 2024

This level, indicative of persistent challenges for the rupee, reflects an ongoing struggle against strong dollar demand, high crude oil prices, and considerable foreign...

Oil prices hit 6-month high, igniting inflation fears and economic uncertainty worldwide

Apr 06, 2024

This sudden and significant uptick in oil prices has sent reverberations throughout global financial markets, reigniting fears of inflationary pressures and prompting deep concerns...

Pakistan: With economy crashing, cooking oil, ghee prices soar to all-time high

Jun 01, 2022

Islamabad [Pakistan], June 1 : The Pakistan government increased the rates of ghee and cooking oil by an unprecedented Rs 208 and Rs 213...

Pakistan: Rising prices of essential items hit people hard

Jul 18, 2024

As inflation is high, the prices of essential items such as cooking oil, pulses, flour, sugar, milk, and chicken have increased, affecting people's budgets...