Russia says gas exports sank in 2022 but oil up MOSCOW: Russia said Monday its gas exports plummeted by 25 percent in 2022 after the Ukraine conflict brought... Published 13 Feb, 2023 09:04pm
World EU lifts growth forecast as eurozone skirts recession BRUSSELS: Europe’s economy will grow more than previously forecast this year as it avoids a winter recession, with... Published 13 Feb, 2023 05:34pm
Markets PBF flays huge hike in electricity, gas prices KARACHI: The Pakistan Business Forum (PBF), flaying the huge jump in electricity as well as gas prices to meet the... Published 12 Feb, 2023 03:56am
Markets US natgas futures gain on weather forecasts ahead of storage report NEW YORK: US natural gas futures rose about 3% on Thursday from a 21-month low in the prior session on forecasts for... Published 03 Feb, 2023 06:17am
Markets US natgas drops on forecasts for milder weather NEW YORK: US natural gas futures dropped about 5% to a 21-month low on Monday on forecasts for warmer weather and... Published 01 Feb, 2023 07:10am
Print Talks with IMF team: Doubts exist about Dar-led team’s capability ISLAMABAD: The business community and agriculturalists have shown serious concerns over the capability of Finance... Updated 31 Jan, 2023 09:03am
Print Crucial IMF talks begin today ISLAMABAD: The International Monetary Fund (IMF) team arrived in Islamabad and formal talks on the 9th review of the... Updated 31 Jan, 2023 09:06am
Business & Finance German economy likely to avoid recession in 2023 FRANKFURT: Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe’s... Published 30 Jan, 2023 06:52am
Markets US natgas futures down NEW YORK: US natural gas futures fell about 2% to a fresh 20-month low on Friday ahead of the expiration of the... Published 29 Jan, 2023 03:15am
Business & Finance TAL JV allowed to sell Mamikhel gas ISLAMABAD: The government has allowed TAL Joint Venture to sell gas from Mamikhel South discovery to third party... Updated 28 Jan, 2023 08:44am
Markets Asia spot 380-cst HSFO extends gains SINGAPORE: Asia’s spot cash differential for 380-cst high sulphur fuel oil (HSFO) extended gains to a second... Published 18 Jan, 2023 06:22am
Pakistan Government has to increase gas prices: Minister of State for Petroleum Musadik Malik says gas being sold at unsustainable rates Updated 17 Jan, 2023 05:51pm
Markets FY 2022-23: Ogra determines up to 11.5pc increase in gas prices ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has determined up to 11.5 percent increase in the prescribed... Published 14 Jan, 2023 06:22am
Markets European gas prices fall to lowest level since Ukraine war PARIS: Europe’s wholesale natural gas prices fell Monday to their lowest level since Russia invaded Ukraine, which... Published 03 Jan, 2023 03:25am
Editorials Adherence to IMF deal is an imperative EDITORIAL: Prime Minister Shehbaz Sharif while addressing a press conference stated that Pakistan has no other ... Published 03 Jan, 2023 03:25am
Markets European gas prices fall to lowest level since Ukraine war PARIS: Europe’s wholesale natural gas prices fell Monday to their lowest level since Russia invaded Ukraine, which... Published 02 Jan, 2023 08:52pm
Markets EU makes final push for gas price cap deal this year BRUSSELS: European Union nations’ energy ministers meet in Brussels on Monday in an effort to agree a cap on gas... Published 19 Dec, 2022 06:24pm
World EU at odds over gas price cap as 12 countries criticise latest proposal BRUSSELS: A dozen countries including Belgium, Italy, Poland and Slovenia have made a push to "significantly" lower ... Updated 10 Dec, 2022 08:50pm
Markets US natgas climbs on storage report NEW YORK: US natural gas futures gained about 3% on Thursday on forecasts for colder weather and higher heating... Published 09 Dec, 2022 05:58am
Opinion Role of LPG in gas crisis – II Gas tariff and subsidies. Gas and electricity prices are politically sensitive issues. The IMF compares prices in ... Updated 01 Dec, 2022 06:20am
Markets India panel to favour linking local gas prices to Indian crude basket NEW DELHI: India’s natural gas price review panel is set to favour linking the price of most local output to an... Published 30 Nov, 2022 07:20am
Markets EU fails to agree gas price cap amid deep divisions BRUSSELS: EU energy ministers failed Thursday to agree a cap on gas prices to mitigate the energy crunch in Europe... Published 24 Nov, 2022 07:16pm
Markets US natgas futures soar in volatile trade on weather forecasts NEW YORK: US natural gas futures jumped about 6% to a one-week high on Monday in what has already been an extremely... Published 15 Nov, 2022 05:52am
Markets Tumbling gas prices fail to subdue energy bills LONDON: European wholesale gas prices have fallen from record peaks reached after producer Russia’s invasion of... Published 10 Nov, 2022 05:50am
Business & Finance EU considers tighter rules for commodity houses LONDON: European Union policymakers are considering extending some of the tough rules applied to banks to commodity... Published 10 Nov, 2022 05:50am
Opinion Gas crisis fears recede for now as Europe stockpiles With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe... Published 01 Nov, 2022 05:55am
Markets Germany set to attach conditions to gas price ‘brake’ BERLIN: The German government is likely to insist companies that benefit from a planned “brake” on gas prices... Published 31 Oct, 2022 07:42am
Markets Biden, battling high gas prices, says US will tap, refill oil reserve WASHINGTON: President Joe Biden said Wednesday the United States will sell 15 million barrels from the nation's... Published 19 Oct, 2022 11:17pm
World EU proposes energy measures BRUSSELS: The European Commission proposed another set of emergency measures on Tuesday to tackle high energy ... Published 19 Oct, 2022 05:54am
World Putin tells Erdogan Russia could create 'gas hub' in Turkey ASTANA: Russian President Vladimir Putin on Thursday told his Turkish counterpart Recep Tayyip Erdogan that Moscow... Published 13 Oct, 2022 05:36pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?