China extends record imports of Russian oil into June, cuts Saudi supply SINGAPORE: China extended record imports of low-priced Russian crude oil into June despite a lockdown-induced... Published 06 Jul, 2022 02:33pm
Markets Under $100: oil drops to 12-week low on recession, COVID-19 worries NEW YORK: Oil prices dropped to a 12-week low in volatile trade on Wednesday, extending Tuesday's heavy losses as... Updated 06 Jul, 2022 08:54pm
Markets Saudi Arabia sets Aug crude prices to Asia at near-record high SINGAPORE: Saudi Arabia, the world's top oil exporter, raised August crude oil prices for Asian buyers to near ... Updated 05 Jul, 2022 04:08pm
Markets Oil drops $6 as recession fears deepen demand concerns LONDON: Oil prices dropped $6 on Tuesday as concerns about a possible global recession curtailing demand outweighed... Updated 05 Jul, 2022 07:26pm
Markets OPEC+ stays the course on oil output boost VIENNA: Major oil producers led by Saudi Arabia and Russia stuck to a previously decided output boost on Thursday,... Updated 30 Jun, 2022 06:32pm
Editorials Widening C/A deficit EDITORIAL: The current account deficit for the first 11 months of the current year has risen to 15.2 billion dollars... Updated 30 Jun, 2022 06:28am
Print 455pc hike in PL proposed ISLAMABAD: Reliance on petroleum levy (PL) has been proposed to be raised by 455 percent in federal budget 2022-23... Updated 11 Jun, 2022 10:08am
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 Oil slips on China lockdowns but stays near three-month highs LONDON: Oil prices dipped on Thursday but still hovered near three-month highs after parts of Shanghai imposed new... Updated 09 Jun, 2022 07:10pm
Opinion Oil prices – what to do? – II Classification of crude oil is based on viscosity (lightness or heavy) and sulfur level (sweet and sour/high, medium... Published 09 Jun, 2022 06:18am
Markets Indian shares settle higher BENGALURU: Indian shares ended higher on Thursday on the back of gains in Reliance Industries and technology stocks,... Published 03 Jun, 2022 05:56am
Markets Jet fuel cash premiums rise SINGAPORE: Asia’s cash premiums for jet fuel climbed on Wednesday as traders expect the regional aviation market ... Published 02 Jun, 2022 06:19am
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
Opinion Global refiners falter in efforts to keep up with demand Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and... Published 01 Jun, 2022 05:53am
Markets 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
BR Research Oil prices: volatile but high While remaining on the higher band, international crude oil prices have seen some slippage in recent weeks as demand... Published 17 May, 2022 08:14am
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 Saudi Aramco says Q1 profits jump 82pc as oil prices surge RIYADH: Saudi Aramco on Sunday posted an 82-percent jump in first quarter profits, buoyed by a global surge in oil... Published 16 May, 2022 05:42am
Print No raise in POL products’ prices for now: govt ISLAMABAD: The government has decided not to increase the petroleum prices at this point in time but did not rule... Updated 16 May, 2022 09:40am
Markets Oil edges up on supply jitters as EU plans Russian oil ban NEW YORK: Oil prices were flat to a little higher on Thursday as a stronger US dollar offset supply concerns after... Updated 05 May, 2022 09:33pm
Markets PMEX daily trading report KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 18.748... Published 29 Apr, 2022 07:03am
BR Research Petroleum woes ahead Be it the retail fuels or the fuel for power generation; the petroleum crisis has been brewing. The populist moves... Published 11 Apr, 2022 08:26am
Markets Asia Naphtha/Gasoline: Margins rise as inventories decline NEW DELHI: Asia’s light distillates markets firmed on Thursday after Singapore inventories declined by 1.145... Published 08 Apr, 2022 05:28am
Markets Asia’s naphtha margin falls on demand worries NEW DELHI: Asia’s naphtha refining profit margin tumbled to its lowest since June 2021 on Tuesday on concerns of... Published 06 Apr, 2022 05:53am
Markets Asia’s gasoline crack extends gains NEW DELHI: Asia’s gasoline crack extended gains on Friday after crude oil prices weakened and a flurry of trades ... Published 02 Apr, 2022 04:14am
BR Research Global petrochemical industry-inflated costs Oil prices that were inching up already since the beginning of the year have been sky-rocketing since Russia-Ukraine... Published 01 Apr, 2022 08:06am
Markets Asian FX broadly higher on lower oil prices; set for quarterly drop BANGKOK: Most Asian currencies strengthened on Thursday, as a sharp drop in crude oil prices eased fears of... Published 01 Apr, 2022 05:41am
Markets Oil prices sink as US mulls tapping reserves; equities fall LONDON: Oil prices tumbled on Thursday on reports that the United States is considering tapping reserves to combat a... Published 31 Mar, 2022 08:04pm
Markets Asia Fuel Oil: VLSFO cash premiums post first weekly decline SINGAPORE: Asia’s cash premiums for 0.5% very low-sulphur fuel oil (VLSFO) dropped for a fourth consecutive ... Published 27 Mar, 2022 06:54am
Business & Finance Risk of stagflation in India does not exist: RBI governor MUMBAI, March 21 (Reuters) - There are no risks of stagflation in India, Reserve Bank of India (RBI) Governor... Published 22 Mar, 2022 05:21am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?