Feasibility study for crude to chemical refinery: Trilateral MoU may be signed during PM’s visit to China ISLAMABAD: A trilateral non-binding Memorandum of Understanding (MoU) is likely to be signed on preparation of... Published 11 May, 2024 06:22am
Markets PMEX daily trading report KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 25.476... Published 05 Jan, 2024 03:12am
Markets Oil prices jump on disruption fears after latest Red Sea attack LONDON: Oil prices rose more than 2% in the first session of the New Year, boosted by potential disruption to Middle... Updated 02 Jan, 2024 05:02pm
Markets Nigeria aims to raise oil, condensates output to 2.6 mln bpd ABUJA: Nigeria’s upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6... Published 02 Jan, 2024 05:21am
Business & Finance Saudi Arabia hikes most September oil prices to Asia DUBAI: Top oil exporter Saudi Arabia has raised the prices for most of its crude to Asia in September after... Published 06 Aug, 2023 03:18am
Markets Prices of Russia ESPO crude for China jump to 7-month high SINGAPORE: Prices of Russia’s ESPO Blend crude oil shipped to China have surged to a seven-month high as buyers... Published 06 Jul, 2023 05:42am
Markets Indian demand for Urals crude keeps Russia’s exports up MOSCOW: India was the biggest buyer of seaborne Urals oil in March and the country’s demand for the grade means... Published 28 Mar, 2023 06:21am
Business & Finance India raises crude oil windfall tax, cuts diesel export tax NEW DELHI: India raised its windfall tax on crude oil marginally while cutting the tax on exports of diesel,... Published 05 Mar, 2023 03:36am
Markets West African crude LONDON: Offers for some varieties of West African crude climbed on Thursday on relatively high refining margins in... Published 27 Jan, 2023 06:15am
Markets PMEX daily trading report KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.476... Published 29 Sep, 2022 05:54am
Markets India’s ONGC struggling to move Russian oil to Asia as sanctions bite NEW DELHI/LONDON: India’s Oil and Natural Gas Corp (ONGC) is struggling to find a vessel to ship 700,000 barrels ... Published 27 Apr, 2022 05:19am
Markets India’s IOC buys 7m barrels of crude via tenders SINGAPORE: Indian Oil Corp, the country’s top refiner, has purchased a total of 7 million barrels of crude via... Published 14 Apr, 2022 04:55am
Markets US oil signals mixed SINGAPORE: Signals are mixed for US oil, and a further development of the chart will suggest a direction. The... Published 06 Apr, 2022 10:51am
Markets First US refiner suspends purchases of Russian crude for Hawaii refinery WASHINGTON: Par Pacific Holdings Inc said on Thursday it would suspend the purchases of Russian crude oil for its... Published 05 Mar, 2022 04:10am
Markets Oil extends gains above $90/bbl as winter storm sweeps through United States SINGAPORE: Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply... Published 04 Feb, 2022 11:14am
Markets Kuwait cuts Feb crude prices for Asia SINGAPORE: Kuwait cut the February official selling prices (OSPs) for two crude grades it sells to Asia from the... Published 11 Jan, 2022 11:18am
Markets Asia’s naphtha crack falls for fourth straight day NEW DELHI: Asia’s naphtha crack fell on Thursday, declining for a fourth consecutive session after Singapore... Published 08 Jan, 2022 03:59am
Markets Asia Distillates: Gasoil cracks drop to weakest in over a week SINGAPORE: Asian refining margins for 10 ppm gasoil slipped to their lowest in over a week on Monday, despite weaker... Published 21 Dec, 2021 04:14am
Markets China iron ore futures hit upper limit on hopes BEIJING: China’s benchmark iron ore futures surged nearly 10% in early trade on Tuesday to hit their daily upper... Published 24 Nov, 2021 06:06am
Markets China’s Sinopec completes successful trial of crude to olefin technology SINGAPORE: China’s Sinopec Corp said on Wednesday it completed a successful trial processing crude oil directly... Published 19 Nov, 2021 04:35am
Markets Oil heads for third straight week of gains as supply tightens Brent set to close at highest since October 2018 NY ULSD futures hit highest in almost three years India's crude imports at three-month peak in August Iran says it will return to talks on nuclear deal soon Published 24 Sep, 2021 09:22pm
Markets US natgas futures rise over to 31-month high on hot forecasts NEW YORK: US natural gas futures climbed over 2% to a 31-month high on Wednesday on forecasts for hotter weather ... Published 05 Aug, 2021 04:34am
Markets White House worried about high oil prices; sees enough production capacity WASHINGTON: The White House said on Friday it is concerned about the impact of rising oil prices on US consumers but... Published 04 Jul, 2021 03:41am
Markets Middle East’s share of India’s oil imports hits 25-month low NEW DELHI: The share of Middle Eastern crude in India’s oil imports fell to a 25-month low in May, tanker data... Published 24 Jun, 2021 03:36am
Markets VLSFO market nudges higher SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) market edged higher on Thursday amid muted trade, trade... Published 18 Jun, 2021 04:16am
Opinion Venezuelan oil, masked as Malaysian, rushes into China before fuel tax Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China,... Published 05 Jun, 2021 04:08am
Markets Venezuela restarts crude blending MEXICO CITY: Venezuela’s state-run oil company PDVSA has restarted crude blending at its Petrolera Sinovensa... Published 25 May, 2021 04:40am
Markets Brent oil may drop more to $64.08 Only a rise above $66.43 could signal a reversal of the downtrend. Published 21 May, 2021 12:20pm
Markets Oil falls 2pc on possible return of Iranian supply • India’s top refiner to buy Iranian oil if sanctions lifted • OPEC says IEA net-zero pathway could add to... Published 21 May, 2021 05:04am
Markets Oil gains after cyberattack forces shutdown of US fuel pipelines Brent crude was up by 69 cents, or 1%, at $68.97 a barrel by 1137 GMT. US WTI crude rose by 61 cents, or 0.9%, to $65.51. Published 10 May, 2021 04:43pm
