Oil falls on uncertainty about Chinese economic growth LONDON: Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh... Published 20 Jun, 2023 03:16am
Pakistan ‘Same discount as for others’: Russian minister says Pakistan not receiving ‘special’ rate Energy minister Nikolai Shulginov also says Russia agreed payment would be made in currencies of friendly countries Updated 17 Jun, 2023 10:07pm
Business & Finance Jul-May period: Petroleum group imports decline 21.84pc to $15.382bn YoY ISLAMABAD: Petroleum group imports witnessed a negative growth of 21.84 percent during the first 11 months ... Published 17 Jun, 2023 06:13am
Markets Oil heads for weekly gain as supply cuts balance demand concerns NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply... Updated 16 Jun, 2023 08:28pm
Markets PMEX daily trading report KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.544... Published 16 Jun, 2023 07:24am
Print FO defends procurement of crude oil from Russia ISLAMABAD: Foreign Office on Thursday defended Pakistan’s procurement of “affordable” crude oil from Russia as a... Updated 16 Jun, 2023 09:03am
Business & Finance Shift to solar energy can cut inflation: NBG KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 16 Jun, 2023 06:27am
Markets Oil steady as markets debate U.S. crude stocks build ahead of Fed rate decision HOUSTON: Oil prices were little changed on Wednesday, giving up early gains, as markets weighed an unexpected, large... Updated 14 Jun, 2023 09:40pm
Print Oil import thru bonded storage facilities: PD asked to consult stakeholders on guidelines ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Petroleum Division (PD) to consult... Updated 14 Jun, 2023 09:08am
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 Pakistan’s Russian crude shipment paid for in Chinese currency: Musadik Malik Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, State Minister for... Updated 12 Jun, 2023 11:49pm
Print First-ever crude-laden Russian ship arrives KARACHI/ISLAMABAD: The first-ever Russian oil ship carrying over 45,000 metric tons of crude has arrived at Karachi... Updated 12 Jun, 2023 08:41am
Markets Oil prices stable as gains capped by demand fears LONDON: Oil prices were broadly stable on Friday and were set for a second week of declines as concern over oil... Updated 09 Jun, 2023 08:04pm
Markets Jul-Mar of FY 2022-23: Deposits of gas, crude oil deplete ISLAMABAD: The deposits of natural gas and crude oil have depleted by 9.29 percent and 10.23 percent during first... Published 09 Jun, 2023 06:20am
Markets Asia’s naphtha margin turns negative NEW DELHI: Asia’s naphtha refining profit margin fell into discounts and market structure flipped to backwardation... Published 08 Jun, 2023 06:30am
Markets Brent oil may rise to $77.52 Brent oil may break a resistance at $76.45 per barrel, and rise to $77.52. The bounce from the Tuesday low of $74.72... Published 07 Jun, 2023 09:53am
Markets Oil prices edge higher as Saudi cut outweighs bearish backdrop LONDON: Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Updated 07 Jun, 2023 08:08pm
Print FBR expresses reservations at PD’s policy guideline ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly expressed reservations at Petroleum Division’s policy... Updated 07 Jun, 2023 08:55am
Markets Saudi Arabia raises July crude price for Asia to 6-month high SINGAPORE: Saudi Arabia, the world’s top oil exporter, raised the prices of its flagship crude Arab Light to Asian... Published 05 Jun, 2023 09:26pm
Markets OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say VIENNA: OPEC and its allies are unlikely to decide on further oil supply cuts at a meeting on Sunday despite a fall... Published 02 Jun, 2023 05:13pm
Markets PMEX daily trading report KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.246... Published 02 Jun, 2023 03:56am
Markets OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say LONDON/DUBAI: OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite... Published 01 Jun, 2023 07:40pm
Markets Oil slides 4% on worries about US debt ceiling, OPEC+ talks NEW YORK: Oil prices fell by about 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt... Updated 30 May, 2023 09:48pm
Print Russian oil: first shipment likely to reach by first week of June KARACHI: The first shipment of Russian crude oil is expected to hit Pakistani port during first week of June... Updated 30 May, 2023 09:18am
Opinion Riyal politic Once again Saudi Arabia is using its position as the financial superpower of the Middle East – it sits on top of ... Updated 25 May, 2023 07:12am
Markets Asia Distillates: Gasoil margins halt gains; cash premiums firm on demand SINGAPORE: Asia’s 10 ppm sulphur gasoil margins fell after two days of gains, as a handful of market players... Published 19 May, 2023 06:17am
Markets PMEX daily trading report KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 13.918... Published 19 May, 2023 06:17am
Markets Saudi Arabia crude exports edge higher in March Saudi Arabia’s crude oil exports rose marginally in March from the previous month, data from the Joint Organisations... Published 18 May, 2023 08:04pm
Markets Oil prices broadly stable as all eyes on US debt talks LONDON: Oil prices were broadly stable on Thursday as traders warily watched for signs of progress on talks to raise... Updated 18 May, 2023 06:31pm
Markets Gasoil, jet fuel margins up for 2nd day SINGAPORE: Asia’s 10-ppm sulphur gasoil and jet fuel margins climbed for a second consecutive trading session on... Published 18 May, 2023 06:10am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?