Govt pins increase in prices of petroleum products to global hike in rates The Ministry of Finance has attributed its latest decision of increasing prices of petroleum products to a hike in... Published 16 Apr, 2024 08:26pm
Markets Iran attack on Israel spurs banks to hike oil price forecasts LONDON: Iran’s weekend attack on Israel has increased geopolitical risks in the oil market for the near term,... Published 16 Apr, 2024 03:38am
Markets Oil steadies on US crude inventories data NEW YORK: Oil prices were broadly level on Wednesday, after official numbers were released for US crude stockpile ... Published 28 Mar, 2024 06:30am
Markets Rupee records marginal gain against US dollar Currency settles at 278.14 against the US dollar in inter-bank market Updated 22 Mar, 2024 08:51pm
Markets Oil falls on weaker US gasoline demand, Gaza ceasefire hopes NEW YORK: Oil prices fell on Thursday, pressured by weaker US gasoline demand data and reports of a United Nations... Published 22 Mar, 2024 04:57am
Markets Oil broadly steady after surprise US crude stock drop LONDON: Oil prices were broadly steady on Thursday, shored up by a surprise U.S. crude stock drop and the U.S.... Updated 21 Mar, 2024 07:25pm
Markets Oil slips from highs ahead of Fed decision NEW YORK: Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced... Published 21 Mar, 2024 05:22am
Markets Oil prices slips amid concerns over Middle East, China demand LONDON: Global benchmark Brent slipped on Monday, dipping below $82 a barrel, as persistent geopolitical concerns in... Updated 11 Mar, 2024 06:03pm
Markets Oil dips, posts weekly loss as markets weigh Chinese demand HOUSTON: Oil prices closed 1% lower on Friday and fell even more for the week as markets remained wary of soft... Published 10 Mar, 2024 03:03am
Markets Oil up as OPEC+ cuts override China, US demand concerns LONDON: Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid... Updated 06 Mar, 2024 03:08pm
Markets Oil declines on concerns NEW YORK: Oil prices fell for a second straight session on Tuesday as skepticism around China’s economic growth... Published 06 Mar, 2024 04:18am
Markets Oil climbs ahead of OPEC+ decision NEW YORK: Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply... Published 03 Mar, 2024 02:55am
Markets Global oil demand to grow by 1.9ln bpd in 2024, says Wood Mac LONDON: Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by... Published 29 Feb, 2024 08:56pm
Markets Rupee remains stable against US dollar Currency settles at 279.11 against the US dollar Updated 29 Feb, 2024 05:52pm
Markets Oil prices steady as US data keeps June rate cuts on the table LONDON: Oil prices were little changed Thursday as January U.S. inflation data reinforced expectations for a June... Updated 29 Feb, 2024 07:32pm
Markets Oil gains on potential OPEC+ cuts HOUSTON: Oil prices rose marginally on Wednesday as the prospect of delays to US interest rate cuts and a ... Published 29 Feb, 2024 04:41am
Markets Oil set for weekly decline with Fed in no rush to cut interest rates LONDON: Oil prices fell on Friday and were on track for a weekly decline after the U.S. central bank indicated that... Updated 23 Feb, 2024 06:26pm
Markets Oil rises on shipping tensions HOUSTON: Oil futures rose on Thursday as attacks continued on shipping in the Red Sea near Yemen but a large build ... Published 23 Feb, 2024 06:36am
Markets Oil rises on weaker dollar NEW YORK: Oil prices rebounded from earlier losses on Thursday on the back of a weak dollar, but an International... Published 16 Feb, 2024 06:02am
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
Markets Oil drops on demand worries HOUSTON: Oil prices fell by 4% on Wednesday, and touched their lowest levels since June, as a larger-than-expected... Published 07 Dec, 2023 04:35am
Markets Oil prices slip on concerns HOUSTON: Oil prices dipped about 1% on Thursday, extending losses on expectations that after OPEC+ might not deepen... Published 24 Nov, 2023 05:29am
Markets Oil prices dive HOUSTON: Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session, as investors... Published 17 Nov, 2023 06:06am
Markets Oil tumbles on big US crude stocks build, record HOUSTON: Oil prices fell on Wednesday on a bigger-than-expected rise in US crude inventories and record production ... Published 16 Nov, 2023 05:39am
Markets Oil falls on easing ME fears HOUSTON: Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same ... Updated 27 Oct, 2023 06:17am
Markets Oil price cut aimed at to meet levy target? ISLAMABAD: Petroleum Division announced a reduction in the price of petrol by Rs 40 per litre, a cut of 12 percent,... Published 19 Oct, 2023 05:10am
Markets Oil rebounds from 3-week low amid strong dollar NEW YORK: Oil prices recovered slightly after hitting a three-week low on Tuesday, as investors weighed a stronger ... Published 04 Oct, 2023 06:20am
Markets Oil prices rise as Russia fuel export ban stokes supply concerns LONDON: Oil prices rose on Friday as renewed global supply concerns from Russia’s fuel export ban counteracted... Updated 22 Sep, 2023 05:49pm
Opinion Elusive macroeconomic stability In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of... Published 22 Sep, 2023 03:40am
Markets WTI price surge shuts arbitrage oil flows from US to Europe, Asia SINGAPORE: A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off... Published 19 Sep, 2023 04:29pm
