India's May oil supply from UAE tops pre-war levels as imports rise, data shows Published 18 Jun, 2026 05:53pm Overall crude imports rose to 5.27 million barrels per day, up 15.4% from April,
Govt body reviews energy situation: Diesel stocks provide about 24-day cover Updated 19 Mar, 2026 03:33pm Members apprised that refinery output is expected to improve as incoming cargoes are processed
Oil prices rise more than 1% after renewed Iranian attacks on UAE Updated 17 Mar, 2026 07:44pm Brent crude futures gained $1.73, or 1.7%, to $101.94 a barrel US West Texas Intermediate crude advanced by $1.23
Need for diversifying oil supply sources stressed Updated 17 Mar, 2026 09:45am ISLAMABAD: The Cabinet Committee constituted to monitor petrol prices on Monday emphasised the importance of further...
Govt says fuel reserves sufficient for 27 days Updated 17 Mar, 2026 09:44am ISLAMABAD: A parliamentary panel was informed on Monday that the country has fuel reserves sufficient for 27 days...
Oil eases 1% as US fuel stock builds put focus on demand Updated 16 Jul, 2025 08:44pm HOUSTON: Oil prices fell about 1% on Wednesday as U.S. fuel inventory builds reinforced views in the market of...
Oil eases as Trump’s 50-day deadline for Russia reduces supply fears Updated 15 Jul, 2025 09:55pm NEW YORK: Oil prices edged lower on Tuesday after U.S. President Donald Trump’s 50-day deadline for Russia to end...
India plans new strategic oil reserve to enhance energy security Published 02 Jul, 2025 05:02pm NEW DELHI: India is exploring building three new strategic oil reserves to boost its emergency stockpile and...
Pakistan advances NEV policy with Rs100bn subsidy Updated 02 Jul, 2025 10:57am ISLAMABAD: A high-level meeting on the National Electric Vehicle (NEV) Policy was held today under the chairmanship...
Agri experts advocate flourishing oilseed crop cultivation Published 16 Feb, 2025 02:53am FAISALABAD: Agricultural experts have called for flourishing oilseed crop cultivation in order to curtail edible oil...
China oil imports fall from a year ago for a fifth month in Sept Published 14 Oct, 2024 02:29pm SINGAPORE: China’s oil imports fell in September by 0.6% from a year earlier, data showed on Monday, as plants...
Cheap Russian oil: Musadik claims private sector made hefty profits Updated 02 Aug, 2024 09:54am ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge...
Edible oil price: Historic retreat Published 26 Mar, 2024 09:24am Terms of trade in the food sector have been Pakistan’s savings grace on the trade balance front this fiscal year....
Oil exploration Published 12 Nov, 2023 03:14am EDITORIAL: Federal Energy Minister Muhammad Ali’s revelation that up to 70 percent area in Pakistan is still...
India’s edible oil imports likely to fall 6% in 2023-24 Published 27 Sep, 2023 06:10pm MUMBAI: India’s vegetable oil imports are likely to drop 6% in the new marketing year beginning November, due to...
FCCI, R&D dept discuss importance of renewable energy, electric vehicles Published 11 Aug, 2023 05:17am FAISALABAD: A meeting of the Faisalabad Chamber of Commerce and Industry (FCCI) Standing Committee on CPEC and...
FY23: POL products worth $1.182bn imported by Pakistan on deferred payment basis Updated 25 Jul, 2023 12:19pm ISLAMABAD: Pakistan imported petroleum products worth $ 1.182 billion on a deferred payment basis under the Saudi...
Oil rises as US inventory drop offsets rate hike fears Updated 28 Jun, 2023 02:43pm LONDON: Oil rallied on Wednesday after an industry report of a larger-than-expected drop in US crude inventories...
Oil import on foreign supplier’s account: OCAC requests govt to convene meeting of stakeholders Updated 28 Jun, 2023 09:01am ISLAMABAD: While raising questions on approval of policy guidelines regarding import of oil on foreign supplier’s...
Oil steady as markets debate U.S. crude stocks build ahead of Fed rate decision Updated 14 Jun, 2023 09:40pm HOUSTON: Oil prices were little changed on Wednesday, giving up early gains, as markets weighed an unexpected, large...
China increases oil import quotas 20% on year ago Published 14 Jun, 2023 09:01am SINGAPORE/BEIJING: China has issued a third batch of 2023 crude oil import quotas, raising the total volume in the...
Oil import thru bonded storage facilities: PD asked to consult stakeholders on guidelines Updated 14 Jun, 2023 09:08am ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Petroleum Division (PD) to consult...
More crude oil will be imported from Russia: Musadik Published 14 Jun, 2023 06:21am ISLAMABAD: Minister of State for Petroleum, Dr Musadik Malik on Tuesday said additional crude oil would be imported...
OPEC oil demand forecast holds steady as economic clouds gather Published 13 Jun, 2023 05:47pm LONDON: OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the...
Oil prices rise on bargain hunting as demand worries weigh Updated 13 Jun, 2023 07:24pm LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s...
Payment made in Chinese currency: govt Published 13 Jun, 2023 06:00am ISLAMABAD: Pakistan paid for its first government-to-government import of discounted Russian crude in Chinese...
Pakistan all set to get discounted Russian oil Updated 28 Apr, 2023 08:54am ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that everything was set for his country to receive a...
Oil prices stabilize after hefty losses on economic worry Updated 27 Apr, 2023 10:13pm NEW YORK: Oil prices steadied on Thursday after the previous day’s price drop on worries about a possible recession...
Country to save $18/bbl on import of Russian crude: FPCCI Published 27 Apr, 2023 06:24am KARACHI: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has...
Discounted oil: Russian delegation to reach Pakistan tomorrow Published 16 Jan, 2023 04:54pm A high-level delegation from Russia, including its minister for energy, will reach Pakistan on Tuesday (January 17)...