Beijing, April 7 China announced on Tuesday a further increase in gasoline and diesel prices, the second in about two weeks, due to rising international oil prices driven by the ongoing conflict in West Asia.China's top economic planner, the National Development and Reform Commission (NDRC)...
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Washington, April 5 The war against Iran has begun to impact Americans, with Amazon announcing a fuel surcharge for its e-commerce deliveries and some airlines raising fees for checked baggage to offset higher fuel costs.The average price of gasoline in the US has increased to USD 4.09 per...
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South Korea Inflation Rises to 2.2% in March Amid Surge in Global Oil Prices
Seoul, April 2: South Korea’s consumer price inflation accelerated to 2.2 percent year-on-year in March, exceeding the government’s 2 percent target, as rising global oil prices driven by prolonged Middle East tensions...
US to Release 172 Million Barrels from Strategic Petroleum Reserve Amid Rising Oil Prices
Move Aims to Ease Energy Costs During Ongoing War With Iran
US President Donald Trump has announced that the United States will release 172 million barrels of oil from its Strategic Petroleum Reserve (SPR)...
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Brent Crude Slides Below $100 After Trump Signals Iran War May End Soon
Oil Prices Record Sharpest Intraday Reversal as Markets React to Policy Signals
Global oil prices witnessed a dramatic reversal on Monday after US President Donald Trump indicated that the war involving Iran could end soon...
Government Calls for Transparent Petroleum Pricing
Seoul, March 9: South Korea’s Industry Minister Kim Jung-kwan on Monday urged major oil refiners to avoid excessive fuel price increases as international crude oil prices surge due to the ongoing tensions in the Middle East.During a meeting in...
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