Oil dips as weaker China economic data offsets IEA demand forecast NEW YORK: Oil futures edged lower on Tuesday as weaker-than-expected economic data in China offset a forecast of... Updated 16 May, 2023 09:36pm
Markets Asia Fuel Oil: Spot premiums stable SINGAPORE: Spot cash premiums in Asia’s fuel oil market were stable on Monday amid thin trade, while Kuwait’s Al... Published 16 May, 2023 03:23am
Markets Paris wheat gains PARIS: Euronext wheat edged higher on Friday, supported by a bounce in Chicago futures, as participants adjusted... Published 14 May, 2023 03:24am
Markets Oil prices slip 1pc, US jobless data and debt-ceiling talks weigh NEW YORK: Oil prices slid about 1% on Thursday as a political standoff over the US debt ceiling stoked recession... Published 12 May, 2023 05:59am
Markets China’s April crude oil imports fall to lowest since January BEIJING: China’s crude oil imports fell in April to the lowest level since January, customs data showed on Tuesday,... Published 09 May, 2023 09:22am
Markets Pakistan-Russia oil deal: Countries to make own sovereign decisions, says US US State Dept spokesperson says Washington has never tried to keep Russian energy off the market Updated 26 Apr, 2023 04:28pm
Markets Oil slides as recession fears outweigh large US inventory draw NEW YORK: Oil prices slipped on Wednesday, extending sharp losses from the previous session, even after a report... Updated 26 Apr, 2023 08:32pm
Markets Oil dips 2pc on strong dollar HOUSTON: Oil dropped 2 percent on Tuesday after two sessions of gains as jitters about the global economic outlook... Published 26 Apr, 2023 06:15am
Markets Oil prices rise on optimism about fuel demand in China Oil prices rose on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost... Updated 24 Apr, 2023 10:01pm
Markets Guyana rules out offering crude oil export discounts to India HOUSTON/NEW DELHI: South America’s fastest growing oil producer has turned down the Indian government’s request for... Published 21 Apr, 2023 09:59pm
Markets Oil set for weekly loss as economic uncertainty weighs LONDON: Oil prices were on track for a weekly loss, despite a rise on Friday on strong economic data in the euro... Updated 21 Apr, 2023 09:04pm
Print Russian oil: govt places single cargo order as test case ISLAMABAD: Pakistan has placed its first order for discounted Russian crude oil under a new commercial deal struck... Updated 21 Apr, 2023 08:51am
Markets Oil gains after IEA sees demand rising to record high LONDON: Oil prices edged higher on Friday after the West’s energy watchdog said it expected global demand to rise to... Updated 14 Apr, 2023 05:42pm
BR Research Petroleum imports slump Petroleum consumption has been on a decline in the country for obvious reasons. Demand destruction for petroleum... Published 14 Apr, 2023 08:52am
Markets Oil stable as market weighs tight supply against U.S. recession risk LONDON: Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible... Updated 13 Apr, 2023 05:31pm
Markets China’s crude oil imports surge, but fuel exports jump even more: Russell LAUNCESTON: China’s imports of crude oil surged to the second highest on record in March, capping off a strong first... Published 13 Apr, 2023 09:58am
Markets Oil jumps on lower-than-expected US inflation data HOUSTON: Oil prices rose on Wednesday as cooling U.S. inflation data spurred hopes that the Federal Reserve is... Updated 12 Apr, 2023 09:45pm
Print Setting up of big refinery in Balochistan: proposals sought CSG and a Chinese consortium are coordinating to setup a 10 million MTPA refinery project in Pakistan Updated 12 Apr, 2023 12:54pm
Markets Vietnam Q1 crude oil imports up 55% y/y, coal up 35% HANOI: Vietnam’s crude oil and coal imports in the first quarter rose sharply, official customs data showed on... Published 10 Apr, 2023 12:40pm
Markets Fuels from Russian oil get backdoor entry into Europe via India NEW DELHI: Record high imports of crude oil from Russia in fiscal 2022-23 helped India’s refiners boost exports of... Published 10 Apr, 2023 06:45am
Print NA told: Oil being imported on deferred payment only from KSA ISLAMABAD: The National Assembly was informed on Friday that crude oil is being imported on a deferred payment basis... Updated 08 Apr, 2023 01:48pm
Markets Oil heads for third weekly gain after shock OPEC+ cuts LONDON: Oil remained on track for a third weekly gain on Thursday as further production cuts targeted by OPEC+ and a... Updated 06 Apr, 2023 04:23pm
Markets Euronext wheat eases again, rapeseed tumbles PARIS: Euronext wheat fell further on Wednesday while rapeseed dropped 5% as an improving weather outlook for US... Published 06 Apr, 2023 06:20am
Business & Finance Russian crude oil supply by end-April: minister KARACHI: State Minister for Petroleum Musadik Malik on Wednesday said that crude oil supply from Russia to Pakistan... Published 06 Apr, 2023 06:20am
Markets Oil stable as economic fears balance OPEC+ cuts, US stock draw LONDON: Oil prices held broadly stable on Wednesday, as the market weighed worsening economic prospects against... Updated 05 Apr, 2023 07:30pm
Markets Iraq, Kurdish region sign accord to resume oil exports BAGHDAD: Iraq’s federal government and the Kurdistan autonomous region signed an accord Tuesday to allow Kurdish oil... Published 04 Apr, 2023 05:44pm
Markets Oil price stable as markets weigh OPEC+ surprise cuts amid demand woes HOUSTON: Oil prices were little changed in choppy trading on Tuesday as investors debated OPEC+ plans to cut more... Updated 04 Apr, 2023 08:37pm
Pakistan Russia to send first oil consignment by May ISLAMABAD: Russia will send its first consignment of crude oil to Pakistan by next month (May) after Islamabad ... Published 04 Apr, 2023 03:24am
Markets Oil slides amid concerns over health of banking sector LONDON: Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy Secretary... Updated 24 Mar, 2023 08:08pm
Markets Oil crawls up as dollar weakens BENGALURU: Oil prices edged higher on Thursday days after hitting their lowest since late 2021, supported by rising... Published 24 Mar, 2023 05:55am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?