Oil jumps 3% on US debt ceiling progress, OPEC+ in focus BENGALURU: Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in U.S. interest rate hikes and... Published 01 Jun, 2023 11:26pm
Markets Inter-bank market: rupee improves marginally, settles at 285.38 against USD Currency appreciates 0.03% against US dollar Updated 01 Jun, 2023 07:22pm
Markets Oil falls on weak China data, stronger dollar HOUSTON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised... Published 01 Jun, 2023 03:34am
Markets US crude March output hits 3-year high as Texas production grows: EIA NEW YORK: US field production of crude oil rose in March to 12.696 million barrels per day, the highest since March... Published 31 May, 2023 09:29pm
Markets Oil slides 4pc on worries about US debt ceiling NEW YORK: Oil prices fell more than 4% on Tuesday on concerns about whether the US Congress will pass the US debt... Published 31 May, 2023 03:56am
Markets 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
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?