Oil Shipping Costs Surge to $254,000 a Day as War Intensifies
Oil tanker shipping costs have soared to extraordinary levels amid the escalating war, with daily freight charges reaching $254,050, according…
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oil prices
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IMF Projects 1.3% Economic Contraction Across Middle East, North Africa and Pakistan in 2026
The International Monetary Fund (IMF) has projected a 1.3 percent contraction in economic output across the Middle East, North Africa…
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International Oil Prices Crash Again as Global Supply Levels Recover
International oil prices dropped sharply again on Tuesday, with crude prices falling to around $87 as global supply levels showed…
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Brent Crude Falls Below $100 as Oil Markets React to Regional Developments
Brent crude oil prices dropped below the $100-per-barrel mark on Friday as global energy markets responded to changing supply expectations…
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Oil Prices Cross $90 for the First Time Since June Amid Middle East Supply Concerns
Global oil prices surged on Monday, with Brent crude rising above the $90 per barrel mark for the first time…
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PSX Falls Below 182,000 as Renewed US-Iran Conflict Sparks Market Sell-Off
The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Wednesday as renewed geopolitical tensions between the United States…
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UAE Oil Prices Drop Near $60 as Strait of Hormuz Reopens and Global Supply Stabilizes
Global oil prices continued their downward trend on Thursday, with UAE crude nearing the $60 mark for the first time…
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UAE Exits OPEC Alliance, Sending Shockwaves Through Global Oil Markets
In a move that could reshape the global energy landscape, the United Arab Emirates has announced its withdrawal from the…