Oil dips 1pc, reversing gains after bearish US economic data HOUSTON: Oil prices fell about 1% on Tuesday in choppy trading, reversing earlier gains as US consumer prices... Published 14 Sep, 2022 04:45am
Markets China’s August crude oil imports drop on lower refinery runs SINGAPORE: China’s crude oil imports in August fell 9.4% from a year earlier, customs data showed on Wednesday, as... Published 07 Sep, 2022 10:38am
Markets Oil rises after Russia’s Putin threatens to halt supply LONDON: Oil prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts,... Updated 07 Sep, 2022 04:06pm
Markets India's future crude oil supplies will mostly come from Gulf: oil minister MILAN: India's minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country's crude oil... Updated 06 Sep, 2022 12:27pm
Markets Oil falls as demand fears return after OPEC-led rally LONDON: Oil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more... Updated 06 Sep, 2022 07:15pm
Markets OPEC+ agrees small oil production cut LONDON: OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have... Published 06 Sep, 2022 04:08am
Markets Pakistan's rupee depreciates 0.4% against US dollar Some analysts expect rupee to come under some pressure as Pakistan moves to import more essential commodities in the wake of floods Updated 05 Sep, 2022 05:54pm
Markets Winning streak ends: rupee sustains losses as US dollar strengthens globally Currency depreciates 0.17% in inter-bank market on Friday Updated 02 Sep, 2022 08:01pm
Markets OPEC+ sese bigger 2022 surplus, risks to oil demand growth LONDON/MOSCOW: The oil market will likely see a bigger-than-expected surplus this year, OPEC+ said in a report on... Published 31 Aug, 2022 05:51pm
Markets Rupee extends gains, closes at 218.75 against US dollar Appreciates 0.63% in inter-bank market on Wednesday Updated 31 Aug, 2022 09:12pm
Markets Oil prices fall 3% on recession fears LONDON: Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy,... Updated 31 Aug, 2022 05:20pm
Business & Finance Bank of Korea’s Rhee says policy tightening unlikely to end before Fed JACKSON HOLE, Wyo./SEOUL: The Bank of Korea (BOK) must keep raising interest rates until the rate of inflation is in... Published 29 Aug, 2022 05:44am
Markets Fifth successive loss: rupee depreciation continues against US dollar Decline comes despite assurance of funding from multiple bilateral creditors Updated 26 Aug, 2022 07:31pm
Markets Fourth successive loss: rupee's decline continues against US dollar The decline comes despite reports that the Qatar Investment Authority is considering investing $3bn in Pakistan Updated 25 Aug, 2022 07:08pm
Pakistan Miftah hopeful over IMF board meeting on August 29 In press conference, finance minister says letter of intent will be sent back to IMF today Defends hike in price of petrol, says no new taxes imposed Updated 16 Aug, 2022 05:36pm
Markets Rupee registers marginal appreciation against US dollar Closes at 213.9 in inter-bank market This is rupee's 11th successive gain against the dollar Updated 16 Aug, 2022 08:26pm
Opinion FY2023: An auspicious start Around mid-July, Pak-istan witnessed most volatile conditions in the forex market. Political turmoil, delays in... Published 11 Aug, 2022 04:35am
Markets Glencore profits soar on high oil, coal prices ZURICH: Mining and commodities trading group Glencore posted on Thursday a ninefold increase in profit in a first... Published 04 Aug, 2022 02:28pm
Markets Rupee continues merry path, closes at 226.15 against US dollar Currency strengthens another 1.17% in the inter-bank market Updated 04 Aug, 2022 08:54pm
Markets Oil falls 4pc, pressured by surprise US crude, gasoline build HOUSTON: Oil prices slid about 4% on Wednesday, with losses accelerating after US data showed crude and gasoline... Published 04 Aug, 2022 05:43am
Markets Nigeria assumes $70 oil price for 2023 budget: finance minister ABUJA: Nigeria will assume a $70 oil price for its 2023 budget and crude output of 1.6 million barrels per day ... Published 28 Jul, 2022 04:41am
Markets Oil refining margins collapse in Asia, cheaper crude needed LAUNCESTON, (Australia): Refining margins in Asia have collapsed in recent weeks, leaving refiners on the precipice... Published 27 Jul, 2022 05:23am
Pakistan In Twitter thread, economist Atif Mian highlights Pakistan's economic woes Says Pakistan stands out in how poorly its median citizen fares on basic needs such as education and health, even when compared to countries with similar income per capita Published 21 Jul, 2022 11:35pm
BR Research Oil price: Market remains incredibly tight As the US inflation number has surprised all and sundry, rate hike expectations by the Fed have gone up too. This ... Published 15 Jul, 2022 08:34am
Markets Brent crude settles below $100/bbl on higher dollar, weak demand outlook HOUSTON: Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in ... Published 13 Jul, 2022 05:48am
Markets Oil rises after sell-off but euro stuck at 20-year low, equities drop HONG KONG: Oil prices rose Wednesday after suffering a painful drop the previous day, though the euro remained... Published 06 Jul, 2022 08:57am
Markets HSFO crack slides to 30-month low on steady supply SINGAPORE: The crack for high sulphur fuel oil (HSFO) fell to 30-month lows on Tuesday as steady supply arrivals... Published 06 Jul, 2022 05:35am
Markets Oil may collapse to $65 by year-end amid concerns of demand-crippling recession: Citigroup Warning is in stark contrast to JPMorgan Chase where analysts earlier warned global oil prices could reach a 'stratospheric' $380 a barrel Published 05 Jul, 2022 04:04pm
Markets Oil rises as tight supply trumps recession fears • Brent and US crude both gain • OPEC’s June output missed target • Strike in Norway could cut output... Published 05 Jul, 2022 05:19am
Markets Oil rises over 2pc, but still set for weekly drop on recession fears NEW YORK: Oil rose by more than 2% on Friday supported by tight supply, although crude was heading for a second... Published 25 Jun, 2022 04:42am