Tag: Petrol

Trump Threatens Oman Over Iran Talks, Demands Tehran’s Surrender

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Donald-Trump

# Trump Threatens Oman Over Iran Talks, Demands Tehran’s Surrender **WASHINGTON:** US President Donald Trump has threatened military action against Oman if it obstructs a potential US-Iran agreement over the Strait of Hormuz, while demanding that Iran “put up the white flag of surrender.” Trump made the remarks in an interview with Fox News correspondent Trey Yingst, referring to ongoing talks between Oman and Iran over future arrangements for maritime navigation through the strategic waterway. “If Oman gets in the way, we’ll bomb the s*** out of them,” Trump was…

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Cnergyico Expands US Crude Imports Amid Hormuz Disruptions

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New-Cnergyico

# Cnergyico Expands US Crude Imports Amid Hormuz Disruptions **ISLAMABAD:** Pakistan’s largest refinery, Cnergyico, is increasing its purchases of US crude oil as the disruption to Middle Eastern shipping routes has exposed the country’s heavy dependence on Gulf supplies and the Strait of Hormuz. The move is also aligned with Islamabad’s efforts to increase imports from the United States to narrow its trade surplus and support negotiations over US tariffs. Cnergyico, which began importing US crude last year, is considering additional spot purchases alongside longer-term contracts with suppliers including Vitol,…

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CM Murad directs preparation of PPP Model for transforming Keti Bandar into major maritime, economic hub

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New-Project4

CM Murad directs preparation of PPP Model for transforming Keti Bandar into major maritime, economic hub Says project must be developed in line with Budget 2026-27 announcement; envisages deep-sea port, economic corridor, industrial zones, energy hub and fisheries development KARACHI (Aug 15): Sindh Chief Minister Syed Murad Ali Shah on Saturday directed the Investment Department to prepare a comprehensive Public-Private Partnership (PPP) model for the development of Keti Bandar, in accordance with the vision of former prime minister Shaheed Mohterma Benazir Bhutto. Presiding over a meeting of the Investment Department…

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Can Global Oil Stocks Withstand Another Six Months of War?

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OIl Price

# Can Global Oil Stocks Withstand Another Six Months of War? The global oil market is facing a growing test of resilience as prolonged conflict continues to disrupt supplies and deplete inventories, raising concerns over whether available stocks can withstand another six months of war. The head of Saudi Aramco estimates that the world has lost around **2.6 billion barrels of oil supply** since the conflict began, making it the largest cumulative supply disruption on record apart from the 1979 Iranian Revolution, according to Reuters calculations. The lost supply is…

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Petroleum Dealers, Govt Talks Fail as Saturday Strike Looms

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New-Project304

Petroleum Dealers, Govt Talks Fail as Saturday Strike Looms **ISLAMABAD:** Talks between the government and the Pakistan Petroleum Dealers Association (PPDA) ended without an agreement on Today, leaving a deadlock over the dealers’ planned strike. According to Energy Update Sources, A five-hour meeting between a PPDA delegation and officials of the Petroleum Ministry failed to resolve the key differences, particularly over the government’s proposed move to determine petroleum product prices on a daily basis. The dealers have demanded withdrawal of the daily pricing mechanism, maintaining that the decision could create…

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