Rupee makes minor gain, settles at 285.35 against US dollar Currency appreciates 0.02% in inter-bank market Updated 30 May, 2023 07:04pm
Markets Oil slides 4% on worries about US debt ceiling, OPEC+ talks NEW YORK: Oil prices fell by about 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt... Updated 30 May, 2023 09:48pm
Markets Oil dips as rate hike bets offset US debt deal HOUSTON: Oil prices slipped on Monday, as worries over further interest rate hikes that could curb energy demand... Published 30 May, 2023 03:37am
Markets Oil dips as rate hike bets offset US debt deal HOUSTON: Oil prices slipped on Monday, as worries over further interest rate hikes that could curb energy demand... Updated 29 May, 2023 09:57pm
Markets Oil prices edge higher as US closes in on debt deal HOUSTON: Oil prices ticked up on Friday as US officials appeared close to striking a debt ceiling deal, and as the... Published 29 May, 2023 04:27am
Markets Europe gasoline, naphtha cracks dip SINGAPORE: Northwest European gasoline refining margins slightly declined to $24.12 a barrel on Friday as oil prices... Published 28 May, 2023 03:34am
Markets Oil prices up 1% as US closes in on debt deal HOUSTON: Oil prices rose 1% on Friday as U.S. officials appeared close to striking a debt ceiling deal, and as the... Updated 26 May, 2023 10:07pm
Markets Asia naphtha cracks firm SINGAPORE: Asia’s naphtha refining margins firmed further to around $20 a tonne, reflecting the emergence of ... Published 26 May, 2023 06:48am
Markets Oil prices gain 1pc on falling US stockpiles NEW YORK: Oil prices rose over 1% on Wednesday, after a large unexpected drawdown in US crude inventories and a... Published 25 May, 2023 06:27am
Markets Oil rises on supply outlook, Saudi speculator warning LONDON: Oil rose on Tuesday supported by optimism the U.S. would avoid a debt default, a tighter market outlook and... Updated 23 May, 2023 08:57pm
Markets Oil steady as US default risk offsets supply decline NEW YORK: Oil prices traded either side of unchanged on Monday as the market waited for news on the US debt ceiling... Published 23 May, 2023 06:14am
Markets Asia to drive oil demand growth in second half, says Vitol DUBAI: Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the year, a... Published 22 May, 2023 10:21pm
Markets Saudi, Qatari markets little changed DUBAI: Saudi Arabia’s stock market ended flat in choppy trade on Sunday after negotiations to raise the US debt... Published 22 May, 2023 06:23am
Markets Oil slips as debt talks pause HOUSTON: Oil prices reversed course to fall on Friday after US House Republicans and President Joe Biden’s... Published 22 May, 2023 06:23am
Markets Asia Distillates: Gasoil spot differentials flip to premium after two weeks SINGAPORE: Asia’s 10 ppm sulphur gasoil cash differentials recorded gains through the latter half of the week as... Published 21 May, 2023 04:00am
Markets Asia spot fuel oil market steady; HSFO margin hits one-year high SINGAPORE: Asia’s spot fuel oil market was little changed on Friday as cash premiums steadied in thin trade, ... Published 21 May, 2023 04:00am
Markets 3rd successive decline: rupee settles at 285.82 against US dollar Depreciates 0.07% in inter-bank market on Friday Updated 19 May, 2023 07:04pm
Markets Asia’s gasoline refining margin rises SINGAPORE: Asia’s gasoline refining profit margin rose on Thursday after US stocks posted a bigger-than-expected... Published 19 May, 2023 06:17am
Markets Asia Distillates: Gasoil margins halt gains; cash premiums firm on demand SINGAPORE: Asia’s 10 ppm sulphur gasoil margins fell after two days of gains, as a handful of market players... Published 19 May, 2023 06:17am
Markets Oil prices dip 1pc as US economic data boosts dollar NEW YORK: Oil prices slid about 1 percent on Thursday after solid US economic data spurred the dollar to a two-month... Published 19 May, 2023 06:17am
Markets Oil rises on debt ceiling, demand optimism Oil prices rose 2% on Wednesday as optimism on oil demand and US debt ceiling negotiations outweighed supply... Updated 17 May, 2023 09:38pm
Pakistan Oil prices: Govt gave relief in difficult situation: Aurangzeb ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Tuesday said the finance minister gave... Published 17 May, 2023 06:22am
Markets Rupee little changed, settles at 284.96 against US dollar Currency gains Re0.01 in the inter-bank market Updated 16 May, 2023 06:35pm
Markets Asia Fuel Oil: Spot premiums stable SINGAPORE: Spot cash premiums in Asia’s fuel oil market were stable on Monday amid thin trade, while Kuwait’s Al... Published 16 May, 2023 03:23am
Business & Finance FPCCI for passing oil price dip benefit on to consumers KARACHI: Irfan Iqbal Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has ... Published 16 May, 2023 03:23am
Markets Russian oil price in roubles falls below state budgeted level in May MOSCOW: The price of Russian Urals flagship oil blend, denominated in roubles, fell in early May 14% below the... Published 15 May, 2023 06:53pm
Markets Silence after the storm: rupee remains largely stable, settles at 284.97 against US dollar Currency appreciates marginally in inter-bank market Updated 15 May, 2023 07:02pm
Opinion Dwindling forex reserves and bravado Consumer Price Index rose to 36.4 percent in April - a rise of one percent from March 2023, 23.7 percent from March... Updated 15 May, 2023 08:15am
Business & Finance Aramco banks lower $31.9bn after drop in oil prices RIYADH: Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent... Published 15 May, 2023 06:41am
Markets Asia Distillates: Gasoil margins post second straight weekly gains SINGAPORE: Asia’s 10-ppm sulphur gasoil margins were little changed on Friday, amid a dearth of trades at the... Published 14 May, 2023 03:24am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn