petrol

The US on Thursday announced sanctions against shipping companies for transporting Iranian oil, saying it was a response to Tehran’s nuclear “escalation,” on the eve of presidential elections in the Islamic republic. “Over the past…
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The Biden administration is ready to release more oil from the US strategic stockpile to stop any jump in petrol prices this summer, the Financial Times reported on Monday. Senior Biden adviser Amos Hochstein told the newspaper that oil…
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The Competition Commission of Pakistan has granted a time-bound exemption on relevant clauses of a product supply agreement between Saudi oil giant Aramco and Gas & Oil Pakistan Ltd., known as GO Petroleum, for the import and sale of…
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Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the US, the world’s biggest oil user, may limit fuel demand growth. Brent crude futures for…
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Motorists in Iraq’s main northern city of Mosul queued for hours on Friday to fill up their cars with petrol, with authorities blaming shortages on smuggling to the nearby Kurdistan region. For the past week, long lines have formed at…
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Pakistan’s petrol retailers called off a nationwide strike late on Thursday after reaching an agreement with the government over an increase in profit margins, according to the country’s energy minister. The strike had begun early on…
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A Lebanese mother and her four daughters were killed when their car was hit by a military vehicle as they searched for fuel amid Lebanon’s petrol shortage. The family were preparing to travel from southern Lebanon to Beirut airport this…
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Kuwait’s sovereign wealth fund and state-owned Kuwait Petroleum Corporation (KPC) reached an agreement under which KPC will pay 8.25 billion Kuwaiti dinars ($27.44 billion) in accrued dividends over 15 years, two sources said. KPC has…
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A man has been arrested after police officers were doused in petrol and a property set alight in Bolton. Officers were attempting to detain the 51-year-old over domestic violence offences when he threw the petrol over them as well as…
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