Fuel supply risks return Published 23 Jul, 2026 05:26am The petroleum sector is back in the limelight. The government is shifting to daily pricing at a time when...
Oil cos raise the alarm regarding frequent changes in pricing formula Updated 28 Jun, 2026 06:16am ISLAMABAD: Pakistan’s downstream petroleum sector has sounded an unprecedented alarm over what industry...
India’s May crude oil imports up Published 21 Jun, 2026 02:30am BENGALURU: India’s crude oil imports in May climbed 6.9percent from the previous month to 21.57 million metric tons,...
India’s crude oil imports decline Published 19 Feb, 2026 04:34am NEW DELHI: India’s January crude oil imports declined 1.1percent from December to about 5 million barrels per day,...
China April crude oil imports up Published 11 May, 2025 02:45am BEIJING: China’s April crude oil imports slowed from the previous month but rose 7.5% from a year earlier due to...
China April crude oil imports up 7.5% on strong inflows of Iran, Russia supplies Published 09 May, 2025 12:00pm China’s April crude oil imports slowed from the previous month but rose 7.5% from a year earlier due to abundant...
Oil price crucial for Russia, but national interests come first, Kremlin says Published 06 May, 2025 05:08pm MOSCOW: Oil prices play a crucial role in Russia’s budget and the Russian economy overall, but Russian national...
Oil steady after drop on US economic contraction, possible Saudi supply rise Published 01 May, 2025 01:51pm NEW DELHI: Oil prices steadied on Thursday a day after a steep decline triggered by signs that Saudi Arabia, the...
China’s crude oil imports from Russia rebound in March; imports from Malaysia surge Published 20 Apr, 2025 10:19am Imports from top supplier Russia - including via pipelines and tankers - rebounded in March after a fall in the...
Oil set for weekly rise on new Iran sanctions Updated 17 Apr, 2025 04:28pm LONDON: Oil prices rose to the highest in two weeks on Thursday after the United States imposed new sanctions to...
Kuwait extends oil credit facility to Pakistan for two years Updated 16 Apr, 2025 08:21pm Kuwait has extended its oil credit facility to Pakistan for another two years. Kuwait’s Ambassador to Pakistan...
China’s crude oil imports highest since August 2023 on Iranian surge Published 14 Apr, 2025 10:34am SINGAPORE: China’s crude oil imports in March rebounded sharply from the previous two months and were up nearly 5%...
China’s Jan-Feb crude oil imports from top supplier Russia drop Updated 23 Mar, 2025 07:27am SINGAPORE: Russia remains the top oil supplier to China during the first two months of 2025, but volumes - including...
Oil rises 1% as EU agrees further sanctions threatening Russian oil flows Updated 11 Dec, 2024 09:50pm Oil prices rose more than 1% on Wednesday after the European Union agreed an additional round of sanctions...
China Nov crude oil imports up 14% to 48.52mn metric tons Published 10 Dec, 2024 11:04am SINGAPORE: China’s November crude oil imports rose 14.3% from a year earlier to 48.52 million metric tons, customs...
China’s crude oil imports fall for sixth straight month on refinery closure Published 07 Nov, 2024 11:00am BEIJING: China’s crude oil imports fell 9% in October, data showed on Thursday, a sixth consecutive monthly...
Oil edges up after US crude stock draw, weak Chinese economy caps gains Updated 21 Aug, 2024 09:41pm HOUSTON: Oil prices edged up on Wednesday after a larger than expected crude stock draw, which offset some concerns...
China’s July oil imports from top supplier Russia fall 7.4% from a year ago Published 20 Aug, 2024 11:46am SINGAPORE: China’s crude oil imports from top supplier Russia fell in July by 7.4% from a year earlier, official...
Asia’s crude oil imports drop in July as China stays weak: Russell Published 01 Aug, 2024 01:14pm LAUNCESTON: Asia’s crude oil imports dropped to the lowest in two years in July as demand remained weak in top...
CA surplus – will it sustain? Updated 23 Apr, 2024 10:07am The current account surprisingly posted a surplus of $619 million in March 24,which is the highest surplus since...
China issues 2024 crude import quotas, 60% more than year earlier Published 02 Jan, 2024 11:43am SINGAPORE: China has released 179.01 million metric tons of crude import quotas for 2024, according to Chinese...
Oil rises on Middle East tensions and US rate cut hopes Updated 26 Dec, 2023 10:19pm LONDON: Oil extended gains on Tuesday, finding support from geopolitical tensions in the Middle East and investor...
Fall in industrial production Published 26 Dec, 2023 04:30am The statistics on the Quantum Index of Manufacturing (QIM) has been released by the Pakistan Bureau of Statistics...
India’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low Published 22 Aug, 2023 12:49pm NEW DELHI: India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound...
Foreign suppliers’ accounts through customs bonded storage facilities: Guidelines for crude oil import issued Updated 10 Jul, 2023 08:58am ISLAMABAD: The Directorate General of Oil (Petroleum Division) has issued guidelines for import of crude oil on...
Oil drops 1% as market frets about risk of US rate hike Updated 06 Jul, 2023 09:01pm NEW YORK: Oil prices fell over 1% on Thursday as the market digested the higher likelihood of a U.S. interest rate...
FPCCI signs MoU with Russia’s Sakha chamber Published 06 Jul, 2023 05:42am KARACHI: Irfan Iqbal Sheikh, President FPCCI, has apprised that the apex body has signed a significant MoU with...
More crude oil will be imported from Russia: Musadik Published 14 Jun, 2023 06:21am ISLAMABAD: Minister of State for Petroleum, Dr Musadik Malik on Tuesday said additional crude oil would be imported...
China’s Russian oil imports rise in April but Saudi is top supplier Published 20 May, 2023 11:44am SINGAPORE/BEIJING: China’s crude oil imports from Russia rose 8.6% in April from a year earlier, as larger private...
BD seeks extended oil credit from Saudi Arabia Published 06 Feb, 2023 06:38am DHAKA: Cash-strapped Bangladesh asked Saudi Arabia for extended credit on oil supplies, Dhaka’s foreign ministry...