Trends - fuel - Business Recorder

Markets

Lebanon raises fuel prices by 66% as it tries to ease shortages

The fuel crisis worsened this month when the central bank said it could no longer finance fuel imports at heavily subsidised exchange rates and would switch to market rates

Published 22 Aug, 2021 01:11pm

Pakistan

Authorities plan to remove fuel from stranded ship

KARACHI: Port authorities plan to remove fuel from a merchant ship that ran aground in rough seas last week before...

Published 27 Jul, 2021 04:40am

Markets

India fuel consumption picks up in June as lockdowns ease

Fuel demand in India would recover to pre-pandemic levels by the end of this year after being

Published 01 Jul, 2021 11:07am

World

Israel to allow fuel for power plant into Gaza

OCCUPIED JERUSALEM: Israel said Sunday it would allow fuel for electricity production to resume to Gaza, the latest...

Published 28 Jun, 2021 04:38am

Business & Finance

Pent-up demand, shortages fuel US inflation

WASHINGTON: US consumer prices surged in April, with a measure of underlying inflation blowing past the Federal...

Published 30 May, 2021 03:51am

Markets

China's April diesel exports rise 5.7% on resurgent overseas demand

Below is the latest customs data on fuel exports and imports of LNG in millions of tonnes.

Published 18 May, 2021 11:15am

Markets

World oil gains more than 1pc on fuel demand optimism

NEW YORK: Crude prices rose more than 1% on Wednesday, after US distillate inventories posted a large drawdown and...

Published 29 Apr, 2021 03:52am

Markets

Asia Fuel Oil: VLSFO time spread slips

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) front-month time spread slipped to a three-week low of 50...

Published 23 Apr, 2021 05:12am

Markets

Oil climbs nearly 5pc on signs of increasing crude demand

NEW YORK: Oil prices surged almost 5% on Wednesday, after a report from the International Energy Agency, followed by...

Published 15 Apr, 2021 03:22am

Opinion

US voting law debates stoke tussle over airline tax breaks

Airlines are bracing for challenges to tax breaks they receive from US states as a result of wading in to a ...

Published 10 Apr, 2021 04:35am

Markets

Shell expects at best steady fuel sales for first quarter

Total upstream production was expected to rise to 2.4-2.48 million barrel of oil equivalent from 2.37 million in the fourth quarter of 2020.

Published 07 Apr, 2021 12:41pm

World

Indonesia death toll reaches 55 from floods, 40 missing

"We're sending basic logistical needs such as food, blankets and others," Raditya Jati, the agency spokesman said.

Published 05 Apr, 2021 09:01am

Business & Finance

World Bank revises climate policy but stops short of halting fossil fuel funding

WASHINGTON/BRUSSELS: A revised World Bank policy on climate change commits to making financing decisions in line ...

Published 02 Apr, 2021 04:58am

Markets

Oil falls on hopes that Suez Canal blockage might end soon

The market is getting some support from expectations that the Organization of the Petroleum Exporting Countries and its allies will maintain lower output levels when they meet this week.

Published 29 Mar, 2021 02:08pm

Markets

China's Jan-Feb refinery output up 15% on solid demand for fuels

The latest data also showed China's crude oil production in the first two months rose 0.4% from a year earlier to 32.08 million tonnes, or 3.97 million bpd. That compared with an average of 3.89 million bpd for 2020.

Published 15 Mar, 2021 12:32pm

Markets

India’s fuel demand may rise

NEW DELHI: India’s fuel consumption could rise by 9.8% in the year to March 2022, its highest pace of growth in ...

Published 03 Mar, 2021 05:49am

Markets

Asia Naphtha, Gasoline cracks ease, tight fuel supply outlook supports

SINGAPORE: Asia’s naphtha and gasoline cracks eased on Tuesday but hovered near multi-month highs, supported by...

Published 03 Mar, 2021 05:49am

Markets

Goldman Sachs sees minimal oil price impact from Texas freeze

Low temperatures and power outages should fuel heating demand for LPG by 80,000 bpd and for diesel powered generators by 200,000 bpd, however, it said.

Published 19 Feb, 2021 11:54am

Markets

US oil may test support at $58.13

A retracement analysis reveals an immediate support at $58.13, the 38.2% level, a break below which could open the way towards $56.85. A bounce from the current level may be limited to $59.33.

Published 19 Feb, 2021 11:33am

Markets

Record high pump prices hit India’s gasoline, gasoil sales

NEW DELHI: Indian state refiners’ gasoline sales in the first two weeks of February fell below pre-pandemic ...

Published 17 Feb, 2021 04:24am

Business & Finance

5 years of Shell V-Power celebrated

KARACHI: Shell V-Power is the premium fuel offered by Shell Pakistan, it comes with technology that reduces engine...

Updated 17 Feb, 2021 09:34am

Print

Power sector tops list: PSO seeks ministry’s help for settlement of Rs197.7bn dues

ISLAMABAD: The state-owned oil company - Pakistan State Oil (PSO) - has sought help from the Ministry of Petroleum...

Published 14 Feb, 2021 03:49am

Business & Finance

Chevron posts loss on weak refining

HOUSTON: US oil major Chevron Corp on Friday swung to a surprise $11 million fourth-quarter loss as low margins on...

Published 08 Feb, 2021 03:46am

Business & Finance

Russian mining giant handed $2bn fine over fuel spill

MOSCOW: Russian mining giant Norilsk Nickel on Friday was fined nearly $2 billion after one of its subsidiaries...

Published 07 Feb, 2021 04:07am

Markets

Australia backs hydrogen technology push beyond fuel production

MELBOURNE: Australia aims to speed up and coordinate efforts by scientists and small- and medium-sized businesses to...

Published 01 Feb, 2021 03:39am

Pakistan

Omar Ayub vows produce cheaper energy by utilizing alternate resources

The chief minister apprised the minister about the development of ongoing energy projects in GB to maintain the fuel and electricity requirement of the area.

Updated 31 Dec, 2020 12:02am

Markets

Oil rises on hopes U.S. pandemic stimulus will spur fuel demand

Brent crude was up 44 cents, or 0.9%, at $51.30 a barrel by 1650 GMT, while U.S. West Texas Intermediate (WTI) crude futures added 51 cents, or 1.1%, to $48.13 a barrel.

Published 30 Dec, 2020 12:39am

Business & Finance

Fuel Prices to Rise from 1st January 2021

The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in fuel prices from 1st January 2021.

Updated 28 Dec, 2020 01:21pm

Pakistan

OGRA refutes editorial contents about fuel-shortage inquiry report

“The contents of the inquiry report are yet to be proved with sustainable evidence, a matter is still sub-judice in the Lahore High court (LHC),” he said in a press statement.

Published 19 Dec, 2020 09:02pm

Markets

India's fuel demand climbs for third straight month in November

Total fuel demand fell 3.7% on year after registering its first year-on-year increase since February in October, as manufacturing and services slowed with consumers staying indoors to avoid getting infected by the novel coronavirus.

Published 14 Dec, 2020 10:55am