Angola to quit OPEC over oil production quotas disagreement LUANDA: Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil... Published 22 Dec, 2023 05:22am
Print Russia eyes additional oil export cuts of about 50,000bpd in Dec MOSCOW: Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or... Updated 18 Dec, 2023 08:35am
Business & Finance MPS on 12th: Analysts say policy rate to remain unchanged KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce monetary policy statement on December 12, 2023.... Published 07 Dec, 2023 04:35am
Markets Oil prices up 3pc NEW YORK: Oil prices climbed about 3% to a one-week high on Friday on worries that tensions in Israel and Gaza could... Updated 28 Oct, 2023 06:34am
Markets BP urges more oil, gas investment while speeding energy transition NEW DELHI: Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price... Published 26 Aug, 2023 02:46pm
Markets Oil dips further as China worries counter supply cuts HOUSTON: Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar... Published 15 Aug, 2023 06:30am
Print IEA flags OPEC+ supply cuts International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter Updated 12 Aug, 2023 09:53am
Print Oil benchmark Brent’s price structure reflects tighter market LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,... Updated 11 Aug, 2023 08:42am
Print India raises concerns over oil market volatility with producer countries NEW DELHI: India has flagged concerns over volatility in the global oil prices to major oil producers and... Updated 11 Aug, 2023 08:43am
Markets Oil prices rise as tight supply counters expected rate hikes LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well... Updated 24 Jul, 2023 05:46pm
Business & Finance Gulf economies to grow at much slower pace than earlier forecast BENGALURU: Economic growth in five countries in the six-member Gulf Cooperation Council is forecast to be even ... Updated 24 Jul, 2023 06:40am
Markets Oil falls amid China growth uncertainties LONDON: Oil prices eased on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh... Updated 19 Jun, 2023 06:52pm
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 OPEC+ oil output cuts are non-political: Putin MOSCOW: Russian President Vladimir Putin said on Friday that decisions made by the OPEC+ group to cut oil production... Updated 17 Jun, 2023 06:58am
Business & Finance Investors ignore OPEC+ to focus on consumption outlook: Kemp LONDON: Portfolio investors had become increasingly bearish about the outlook for oil prices in the run up to the... Published 06 Jun, 2023 05:33am
Business & Finance POL products’ prices cut on world market, exchange rate decline ISLAMABAD: The government has reduced the retail price of petroleum products on account of a decline in the... Published 17 May, 2023 06:22am
Markets Global oil market signals short-term weakness ahead of EU ban on Russian oil The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and ... Published 28 Nov, 2022 11:17am
Markets India can buy as much Russian oil as it wants: US NEW DELHI: The United States is happy for India to continue buying as much Russian oil as it wants, including at... Published 15 Nov, 2022 05:52am
Markets Benchmark yield eases to 7.40% as oil falls ahead of inflation data MUMBAI: Indian government bond yields fell in early trading on Wednesday as oil prices eased further, while... Published 12 Oct, 2022 10:33am
Print Petrol price raised by Rs1.45 per litre ISLAMABAD: The federal government Wednesday announced an increase of Rs1.45 per litre in the price of petrol. The... Published 22 Sep, 2022 05:48am
Markets China lockdowns weigh on global oil demand: IEA PARIS: China’s repeated Covid lockdowns and a slowdown in developed economies are weighing on the growth of global... Published 14 Sep, 2022 05:37pm
Markets Oil prices rise as supply uncertainty mounts LONDON: Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil... Published 13 Sep, 2022 06:12am
Opinion India’s weak rupee finds reprieve A six-month exodus of foreign investors from India’s bond markets seems to have ended this month, giving the... Published 20 Aug, 2022 03:41am
Markets Oil edges higher as U.S. crude stocks plunge on strong export demand HOUSTON: Oil edged marginally higher after hitting a six-month low earlier on Wednesday, as markets weighed a... Updated 17 Aug, 2022 09:29pm
Business & Finance India bond yields snap 2-day fall, inflation data in focus MUMBAI: Indian government bond yields ended higher on Friday, after easing for last two trading sessions, tracking a... Published 15 Aug, 2022 05:41am
Markets Oil prices hit lowest since Ukraine invasion amid recession fears LONDON: Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of... Updated 05 Aug, 2022 01:11am
BR Research WPI showing no respite Wholesale Price Index (WPI) stayed near all-term high, almost unchanged from last month, at 38.6 percent. Recall ... Published 04 Aug, 2022 09:07am
Markets Oil dives as U.S. inflation data surges; China imposes lockdowns NEW YORK: Oil prices sank on Friday, after U.S. consumer prices rose more than expected and China imposed new... Updated 10 Jun, 2022 08:33pm
Opinion Oil prices – what to do? – II Classification of crude oil is based on viscosity (lightness or heavy) and sulfur level (sweet and sour/high, medium... Published 09 Jun, 2022 06:18am
Print US to let Eni, Repsol ship Venezuela oil to Europe for debt HOUSTON/WASHINGTON: Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to ... Updated 06 Jun, 2022 09:37am