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Pakistan raises petrol, diesel prices by over Rs13
The Pakistani government has raised the prices of petrol and high-speed diesel by more than 13 rupees per litre, effective July 11, 2026. The increase pushes the price of petrol to 310.
Commodities & FX
Latest verified news about Commodities & FX on Verilumia. Fact-checked and bias-analyzed Commodities & FX stories from multiple sources.
- Pakistan raises petrol, diesel prices by over Rs13
- China imposes temporary ban on helium exports
- Japan June producer prices rise 7.1% fastest since 2023
- Gold up 1% to $4,100 as US-Iran strikes drive demand
- Oil prices rise above $74 after US strikes Iran
- India's monsoon weakens in west and south, delaying sowing
- Tesco explores sale of Central European stores
- Nigeria oil production rebounds to over 1.8 million bpd
- Philippines Restores Excise Tax on Kerosene and LPG
- Bitcoin falls to $62,000 as US-Iran tensions push oil
- Markets plunge, oil spikes as Trump ends Iran ceasefire
- Nigeria grants 19 oil licences, jet fuel exports surge
China imposes temporary ban on helium exports
China has imposed an immediate, temporary ban on helium exports, a move announced by the country's Ministry of Commerce and General Administration of Customs on July 10, 2026.
Japan June producer prices rise 7.1% fastest since 2023
Japan's producer prices accelerated in June to their fastest annual pace since early 2023, reinforcing inflationary pressures that are strengthening the case for further interest rate hikes by the Bank of Japan.
Gold up 1% to $4,100 as US-Iran strikes drive demand
Gold prices rebounded sharply on Thursday, July 9, 2026, climbing more than 1% to reclaim the key $4,100 per ounce level after three consecutive days of losses.
Oil prices rise above $74 after US strikes Iran
Global oil prices surged this week following a renewed escalation of hostilities between the United States and Iran, reviving fears over the security of the world's most critical oil transit route.
India's monsoon weakens in west and south, delaying sowing
India's crucial monsoon season is presenting a starkly divided picture, with intense rainfall and flooding in the north coinciding with forecasts of a significant dry spell in the west and south that threatens to delay v...
Tesco explores sale of Central European stores
Tesco, Britain's largest supermarket chain, is reportedly exploring a sale of its businesses in Hungary, the Czech Republic, and Slovakia, a move that would mark its final retreat from international expansion and a sharp...
Nigeria oil production rebounds to over 1.8 million bpd
The Nigerian government announced a significant rebound in the nation's oil and gas production this week, crediting recent policy reforms and increased investment for revitalizing the sector.
Philippines Restores Excise Tax on Kerosene and LPG
The Philippine government has reinstated excise taxes on kerosene and liquefied petroleum gas (LPG), ending a temporary suspension that had provided relief to consumers amid high global oil prices.
Bitcoin falls to $62,000 as US-Iran tensions push oil
Bitcoin faced renewed selling pressure on Wednesday, July 8, as escalating geopolitical tensions between the United States and Iran drove a sharp increase in oil prices and shifted broader market sentiment away from risk...
Markets plunge, oil spikes as Trump ends Iran ceasefire
Global financial markets tumbled and oil prices surged on Wednesday after U.S. President Donald Trump declared the interim ceasefire with Iran over, reigniting fears of a broader Middle East conflict.
Nigeria grants 19 oil licences, jet fuel exports surge
Nigeria's energy sector is witnessing a significant wave of investment and strategic repositioning, marked by major project awards, record fuel exports, and new international partnerships.
Bitcoin drops below $63,000 as US-Iran tensions lift oil
Bitcoin and other major cryptocurrencies fell on Wednesday as escalating military tensions between the United States and Iran prompted investors to retreat from risk assets.
India's Sensex and Nifty Open Lower Amid West Asia Tensions
Indian stock markets opened lower on Wednesday, July 8, 2026, as fresh geopolitical tensions in West Asia rattled investor sentiment. The benchmark Sensex and Nifty indices both declined by 0.
BHP Port Hedland workers to strike over wage dispute
Hundreds of workers at BHP's Port Hedland iron ore export terminal in Western Australia are set to stage an eight-hour strike on Thursday, July 16, following more than six months of failed wage negotiations.
Japan revises economic blueprint language on BOJ policy
The Japanese government is revising the language on monetary policy in its upcoming economic blueprint, seeking to clarify its stance amid market concerns that it is pressuring the central bank to keep interest rates low...
Nigeria government urges petrol price cuts
The Nigerian government has convened an emergency meeting with oil industry stakeholders, pressing for a reduction in domestic petrol prices to reflect the recent sharp decline in global crude oil costs.
Saudi cuts Arab Light crude price for Asia by $11
Saudi Arabia has sharply reduced the price of its crude oil for Asian buyers, marking its largest monthly cut in decades and selling its main grade at a discount for the first time since 2020.
Shell reports strong Q2 trading gains amid East volatility
Shell Plc delivered a strong oil and gas trading performance in the second quarter, benefiting from market volatility caused by the conflict in the Middle East, the company said in a trading update on Tuesday.
UAE crude production near record at 3.8 million bpd in June
The United Arab Emirates has raised its crude oil production to near-record levels, pumping more than 3.8 million barrels per day in June, according to industry sources.
