Oil slips on economy worries, despite upbeat China data LONDON: Oil fell for a second day on Tuesday as upbeat Chinese economic data failed to deflect the focus from a... Updated 18 Apr, 2023 05:24pm
World 'No other option': Russia's unequal economic marriage with China MOSCOW: Russia has found itself in an unequal relationship with China since intensifying its pivot toward Beijing... Updated 19 Mar, 2023 12:19pm
World Energy firms not doing enough to cut methane: IEA PARIS: Oil and gas companies are not doing enough to cut methane emissions the International Energy Agency (IEA)... Published 21 Feb, 2023 12:48pm
Print IEA warns of tighter energy supply next winter BERLIN: International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as... Updated 20 Feb, 2023 08:52am
Markets Oil heads for weekly loss on rate hike worries, ample supply LONDON: Oil fell about 2% on Friday and was heading for a weekly decline, pressured by concerns of more US Federal... Updated 17 Feb, 2023 03:18pm
World EU unveils plan to counter US green subsidies, China competition BRUSSELS: The EU on Wednesday unveiled proposals to counter the threat to European industry from US green subsidies... Updated 01 Feb, 2023 06:19pm
World Davos 2023: IEA’s Birol expects tighter energy markets in 2023 DAVOS: International Energy Agency (IEA) head Fatih Birol said on Thursday that energy markets could be tighter in... Published 19 Jan, 2023 02:28pm
Markets Oil near 2023 highs on Chinese demand recovery expectations LONDON: Oil prices held near this year’s highs on Monday as easing COVID restrictions in China raised expectations... Updated 16 Jan, 2023 04:50pm
Print Europe can do without Russian gas: IEA PARIS: Europe faces a major shortfall of natural gas in 2023 if Russia completely cuts off deliveries but has... Published 13 Dec, 2022 05:58am
Opinion Pakistan: renewable power only solution The International Energy Agency has come up with a highly positive news. According to it, the energy crisis is... Published 08 Dec, 2022 06:38am
Markets Energy efficiency rate accelerates amid high prices: IEA COPENHAGEN: Global progress toward energy efficiency has accelerated this year as a result of high energy prices and... Published 02 Dec, 2022 12:16pm
Markets Oil prices steady after attack on oil tanker off Oman coast LONDON: Oil prices steadied on Wednesday, as geopolitical tensions following an attack on an oil tanker off the... Updated 16 Nov, 2022 06:39pm
World India at 75: Melting glaciers, heatwaves and climate crisis GAUMUKH: From prime ministers and millionaires to labourers and ascetics, Hindu faithful dream of trekking at least... Published 10 Nov, 2022 11:19am
Markets IEA sees global emissions peaking in 2025 PARIS: The International Energy Agency said Wednesday it believes global emissions will peak in 2025 as surging... Published 27 Oct, 2022 10:42am
Markets World is in its ‘first truly global energy crisis’: IEA’s Birol SINGAPORE: Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have... Published 25 Oct, 2022 10:58am
Markets Most Gulf markets bounce on oil demand growth outlook DUBAI: Most major Gulf markets rebounded on Thursday as investors appeared to look beyond the inflation-fuelled... Published 16 Sep, 2022 06:04am
Markets Oil falls $2 on demand concerns but set for weekly gain LONDON: Oil prices fell on Friday, depressed by recession fears clouding the demand outlook, but remained on track... Updated 12 Aug, 2022 07:33pm
Markets Gasoil margins rise SINGAPORE: Asia’s refining margins for 10 ppm gasoil rose on Thursday, amid a muted trading window, after stocks ... Published 12 Aug, 2022 05:44am
Markets Global nuclear power capacity needs to double by 2050: IEA LONDON: Global nuclear power capacity needs to double by mid-century to reach net-zero emissions targets and help... Published 30 Jun, 2022 02:07pm
Markets Russian oil and fuel revenue up even as exports fall: IEA LONDON: Higher crude oil and fuel prices allowed Russian revenues to climb in May despite its export volumes... Published 15 Jun, 2022 05:33pm
Markets Despite high gas prices, US refiners strain to meet summer demand NEW YORK: Only time will tell how much record US prices at the pump will dent driving demand this summer, but don’t... Published 29 May, 2022 10:34am
Markets US strategic oil sale speeds fuel-price fix, but at what cost? The Biden administration is selling a record amount of emergency oil from national reserves to tame soaring US fuel... Published 11 Apr, 2022 11:16am
Markets Oil drops below $100 on reserves release and China lockdowns LONDON: Oil prices dropped by $4 a barrel on Monday, with Brent crude tumbling below $100 on plans to release record... Updated 11 Apr, 2022 05:04pm
Markets IEA details plan to release 120mn barrels of oil over 6 months to cool prices The International Energy Agency (IEA) on Thursday listed members' contributions to a 120-million-barrel release of... Published 08 Apr, 2022 11:39am
Markets Oil rises from 3-week low as supply concerns linger LONDON: Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations... Updated 07 Apr, 2022 07:22pm
Markets IEA countries to tap 60mn barrels of oil on top of US release WASHINGTONG: Member countries of the International Energy Agency besides the United States have agreed to release 60... Published 06 Apr, 2022 09:35pm
Markets Oil steadies as coronavirus worries offset more Russia sanctions NEW YORK: Oil prices steadied in volatile trade on Tuesday as growing worries about coronavirus demand destruction... Updated 05 Apr, 2022 09:02pm
Markets IEA to hold emergency meeting to tackle soaring oil prices TOKYO: The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a... Published 01 Apr, 2022 09:50am
Opinion US and allies may find tapping stockpiles inadequate to plug Russian oil gap Top oil consuming nations may find that one of their main tools to fight high global oil prices – the release of... Published 01 Apr, 2022 05:41am
Markets United States weighs largest ever draw from emergency oil reserve WASHINGTON: The Biden administration is considering releasing up to 180 million barrels of oil over several months... Published 31 Mar, 2022 11:53am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?