Oil edges up after US crude stock draw, weak Chinese economy caps gains HOUSTON: Oil prices edged up on Wednesday after a larger than expected crude stock draw, which offset some concerns... Updated 21 Aug, 2024 09:41pm
Markets China’s July oil imports from top supplier Russia fall 7.4% from a year ago SINGAPORE: China’s crude oil imports from top supplier Russia fell in July by 7.4% from a year earlier, official... Published 20 Aug, 2024 11:46am
Markets Asia’s crude oil imports drop in July as China stays weak: Russell LAUNCESTON: Asia’s crude oil imports dropped to the lowest in two years in July as demand remained weak in top... Published 01 Aug, 2024 01:14pm
BR Research CA surplus – will it sustain? The current account surprisingly posted a surplus of $619 million in March 24,which is the highest surplus since... Updated 23 Apr, 2024 10:07am
Markets China issues 2024 crude import quotas, 60% more than year earlier SINGAPORE: China has released 179.01 million metric tons of crude import quotas for 2024, according to Chinese... Published 02 Jan, 2024 11:43am
Markets Oil rises on Middle East tensions and US rate cut hopes LONDON: Oil extended gains on Tuesday, finding support from geopolitical tensions in the Middle East and investor... Updated 26 Dec, 2023 10:19pm
Opinion Fall in industrial production The statistics on the Quantum Index of Manufacturing (QIM) has been released by the Pakistan Bureau of Statistics... Published 26 Dec, 2023 04:30am
Markets India’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low NEW DELHI: India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound... Published 22 Aug, 2023 12:49pm
Print Foreign suppliers’ accounts through customs bonded storage facilities: Guidelines for crude oil import issued ISLAMABAD: The Directorate General of Oil (Petroleum Division) has issued guidelines for import of crude oil on... Updated 10 Jul, 2023 08:58am
Markets Oil drops 1% as market frets about risk of US rate hike NEW YORK: Oil prices fell over 1% on Thursday as the market digested the higher likelihood of a U.S. interest rate... Updated 06 Jul, 2023 09:01pm
Business & Finance FPCCI signs MoU with Russia’s Sakha chamber KARACHI: Irfan Iqbal Sheikh, President FPCCI, has apprised that the apex body has signed a significant MoU with... Published 06 Jul, 2023 05:42am
Business & Finance More crude oil will be imported from Russia: Musadik ISLAMABAD: Minister of State for Petroleum, Dr Musadik Malik on Tuesday said additional crude oil would be imported... Published 14 Jun, 2023 06:21am
Markets China’s Russian oil imports rise in April but Saudi is top supplier SINGAPORE/BEIJING: China’s crude oil imports from Russia rose 8.6% in April from a year earlier, as larger private... Published 20 May, 2023 11:44am
Markets BD seeks extended oil credit from Saudi Arabia DHAKA: Cash-strapped Bangladesh asked Saudi Arabia for extended credit on oil supplies, Dhaka’s foreign ministry... Published 06 Feb, 2023 06:38am
Markets Oil prices hit two-week highs NEW YORK: Oil prices rose to their highest in two weeks on Tuesday after China posted weak but expectation-beating... Published 18 Jan, 2023 06:22am
Markets China didn’t drive commodity markets in 2022 LAUNCESTON, (Australia): China’s commodity trade data for 2022 shows that prices and volumes weren’t driven by... Published 17 Jan, 2023 06:02am
Markets China issues 111.82mn T new crude oil imports quota for 2023 SINGAPORE: China has issued its second batch of 2023 crude oil import quotas to mostly independent refiners,... Published 09 Jan, 2023 02:43pm
Markets Asia crude oil imports hit record high LAUNCESTON, (Australia): Asia’s crude oil imports most likely rose to a record high in November, but much of the... Published 02 Dec, 2022 07:29am
Markets China’s Oct crude oil imports rebound amid new refinery rollouts SINGAPORE: China’s crude oil imports in October rebounded to the highest level since May, up 14% from a low base a... Published 07 Nov, 2022 10:47am
Markets China’s Sept crude oil imports down 2% on year SINGAPORE: China’s crude oil imports in September rose from the previous month but stayed 2% below their level a... Published 24 Oct, 2022 10:34am
Business & Finance Indian rupee eases MUMBAI: The Indian rupee eased for the third week running, as pressures from firmer oil prices and the dollar ... Published 29 Aug, 2022 05:44am
Markets Saudi Arabia’s crude oil exports, output rise in June Saudi Arabia’s crude oil exports rose in June, while output increased to a more than two-year high, data from the... Published 17 Aug, 2022 05:44pm
Markets India eases Russian oil buying in July, boosts Saudi imports NEW DELHI: India's crude oil imports from Russia in July fell for the first time since March along with its overall... Published 17 Aug, 2022 03:24pm
Markets China’s sluggish commodity imports set to improve, but risks abound LAUNCESTON, (Australia): China’s imports of most major commodities were unabashedly weak in June, but the soft... Published 15 Jul, 2022 06:20am
Markets Oil prices fall ahead of potential large US rate hike NEW YORK: Oil prices moved lower on Thursday, paring some losses after falling more than $4 as investors focused on... Published 15 Jul, 2022 06:20am
Markets Govt makes a move towards Russian crude import, urges refineries to furnish analysis Development comes after Prime Minister Shehbaz Sharif-led coalition government had started weighing possibility of importing oil and gas from Russia to meet the country’s energy requirements Updated 29 Jun, 2022 06:31pm
Markets Oil dives as U.S. inflation data surges; China imposes lockdowns NEW YORK: Oil prices sank on Friday, after U.S. consumer prices rose more than expected and China imposed new... Updated 10 Jun, 2022 08:33pm
Markets No intention to increase gas price by 45pc, says Miftah ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Thursday said that so far the government has no... Published 10 Jun, 2022 06:16am
Markets Kremlin says it can re-route oil exports to minimize losses from EU embargo The Kremlin warned on Wednesday that the European Union’s sanctions on Russian oil would hit the global energy... Published 01 Jun, 2022 05:19pm
Markets China's annual crude oil imports drop for first time in 20 years SINGAPORE: China's annual crude oil imports slid 5.4% in 2021, dropping for the first time since 2001, as Beijing... Published 14 Jan, 2022 11:12am