ADNOC announces three new oil discoveries Abu Dhabi National Oil Company (ADNOC) on Thursday announced three oil discoveries including one at Bu Hasa, Abu... Published 19 May, 2022 09:44pm
Markets Oil prices recoup losses on renewed supply worries, dollar weakness NEW YORK: Oil prices rebounded from earlier losses on Thursday as Chinese officials planned to ease restrictions in... Updated 19 May, 2022 09:38pm
Markets Oil falls 2% as US refiners ramp up output, equities retreat HOUSTON: Oil prices reversed course and fell over 2% on Wednesday after government data showed U.S. refiners ramped... Updated 18 May, 2022 09:47pm
Markets Oil rises to 7-week high on EU’s Russian oil ban effort, demand hopes NEW YORK: Oil prices rose to over $115 a barrel on Tuesday, their highest in about seven weeks, supported by the... Updated 17 May, 2022 09:38pm
Markets Saudi expects 13 million bpd oil capacity by 2027: minister MANAMA: Saudi Arabia expects to ramp up its daily oil production capacity by more than one million barrels to exceed... Published 16 May, 2022 05:59pm
Markets Saudi Arabia crude exports fall to 7.235mn bpd in March Saudi Arabia’s crude oil exports in March fell to 7.235 million barrels per day from 7.307 million bpd in February,... Published 16 May, 2022 05:04pm
Markets Russian diesel discount offers big margins in two-tier European trade LONDON: Russian diesel is trading at a steep discount to the fuel produced by other countries, traders said,... Published 11 May, 2022 05:48pm
Markets China oil imports rebound in April SINGAPORE: China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in... Published 11 May, 2022 04:58am
Markets US oil dips below $100 a barrel on economic worries, strong dollar HOUSTON: The US crude oil price dipped below $100 a barrel on Tuesday to its lowest level in two weeks as the demand... Published 11 May, 2022 04:58am
Markets Oil drops, pressured by economic worries, strong dollar HOUSTON: Oil prices fell $1 on Tuesday, with the demand outlook pressured by coronavirus lockdowns in China and... Updated 10 May, 2022 09:36pm
Markets Brent oil may fall into $106.21-$108.24 range SINGAPORE: Brent oil may fall into a range of $106.21 to $108.24 per barrel, as it failed a few times to break a... Published 09 May, 2022 10:41am
Markets Oil prices tumble, weighed down by China lockdowns NEW YORK: Oil prices sank 4% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil... Updated 09 May, 2022 08:58pm
Business & Finance Rouble eases from over 2-year high vs euro MASCOW: The Russian rouble hit a more than two-year high against the euro before easing on Friday and hovered near ... Published 09 May, 2022 05:39am
Markets Saudi, Egypt gain as markets reopen after Eid holiday; Qatar slips Saudi Arabia's stock market rose on Sunday as it reopened after a week of public holidays to celebrate Eid and was... Updated 08 May, 2022 09:35pm
Markets PMEX daily trading report KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.750... Published 07 May, 2022 05:46am
Markets U.S. fuel prices surge faster than crude as exports tighten market NEW YORK: U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has... Published 06 May, 2022 11:27am
Markets Investors keep power dry ahead of Fed, crude jumps LONDON: Global stocks were little changed on Wednesday as investors kept their powder dry ahead of an expected... Published 04 May, 2022 01:53pm
Markets Oil falls on China growth worries as EU weighs Russian crude ban LONDON: Oil prices fell on Monday as concerns over weak economic growth in China, the world's top oil importer,... Updated 02 May, 2022 08:24pm
Markets PMEX daily trading report KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.062... Published 30 Apr, 2022 05:53am
Business & Finance Lyondell CEO says Houston refinery needs ‘significant’ capital investment HOUSTON: Lyondell Basell Industries interim Chief Executive Kenneth Lane said on Friday that operating the chemical... Published 30 Apr, 2022 05:53am
Markets Oil extends gains as supply fears outweigh China lockdowns LONDON: Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19... Updated 29 Apr, 2022 03:03pm
Markets Oil prices dip as dollar soars, US crude stocks edge higher NEW YORK: Oil prices dipped on Wednesday as a soaring US dollar made barrels more expensive and coronavirus ... Published 28 Apr, 2022 05:37am
Markets PMEX daily trading report KARACHI: On Friday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.378... Published 28 Apr, 2022 05:37am
Markets Oil prices dip as Europe turns away from Russian oil, dollar soars Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe’s biggest economy Germany... Updated 27 Apr, 2022 07:21pm
Markets PMEX daily trading report KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.859... Published 27 Apr, 2022 05:19am
BR Research LNG imports to outpace crude oil Plenty of analysts have had sleepless nights over the ballooning energy import bill. Calls to curb demand have been... Published 26 Apr, 2022 08:16am
Markets Oil slides as Shanghai lockdowns stoke demand fears LONDON: Oil slumped almost 6% to its lowest in almost two weeks on Monday, extending last week's decline as concern... Updated 25 Apr, 2022 08:03pm
Markets Raw sugar prices turn higher, buoyed by crude oil gains LONDON: Raw sugar futures on ICE turned higher on Thursday, with gains in crude oil helping to support prices as ... Published 22 Apr, 2022 05:36am
Markets China imports 13% less crude oil from Saudi in March, 14% less from Russia Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot,... Published 20 Apr, 2022 11:39am
Markets Oil rebounds as supply concerns dominate LONDON: Oil prices rebounded on Wednesday as a drop in U.S. oil inventories and concerns over tighter supplies from... Updated 20 Apr, 2022 08:00pm