Oil eases on lackluster Chinese import data, U.S. economy woes HOUSTON: Oil prices fell on Tuesday, retreating from strong gains of the previous two sessions due to lackluster... Updated 09 May, 2023 09:22pm
Markets Rupee weakens, settles at 283.85 against US dollar Currency depreciates 0.09% in inter-bank market Updated 08 May, 2023 08:21pm
Markets Oil climbs over 2% as recession fears begin to fade NEW YORK: Oil prices rose over 2% on Monday as U.S. recession fears eased and some traders saw crude’s three-week... Updated 08 May, 2023 08:44pm
Business & Finance Oil prices jump but still on track for third weekly fall HOUSTON: Oil prices jumped on Friday but were set for a third straight week of losses after sharp declines earlier ... Published 06 May, 2023 06:43am
Markets Asia Fuel Oil Cash premiums ease as market backwardation narrows SINGAPORE Asia’s cash premiums for fuel oil dipped on Thursday as market backwardation narrowed. The spot cash... Published 05 May, 2023 06:44am
Markets OPEC+ to hold June policy meeting in person LONDON: OPEC+ has confirmed it will hold its June 4 policy meeting in person in Vienna, four sources familiar with... Published 03 May, 2023 09:26pm
Markets Sale of petroleum products in Pakistan plunges 46% in April amid economic downturn Sale of total petroleum products in Pakistan clocked in at 1.17 million tons in April 2023, a decline of over 46%... Updated 03 May, 2023 03:45pm
Markets European shares close at one-month low as oil stocks slide PARIS: Europe’s STOXX 600 index closed at its lowest level in nearly a month on Tuesday at the beginning of a... Published 03 May, 2023 06:35am
Business & Finance Oil slumps 5pc to five-week low amid US debt default fears NEW YORK: Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as US politicians... Published 03 May, 2023 06:35am
Print Multi-billion refinery to help bring oil prices down: Musadik ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Friday said that Prime Minister Shehbaz Sharif had... Updated 29 Apr, 2023 11:40am
Business & Finance Chevron tops estimates with Q1 profit gain despite slide in oil prices HOUSTON: Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter,... Published 28 Apr, 2023 05:33pm
Markets Oil prices stabilise after hefty losses NEW YORK: Oil prices steadied on Thursday after the previous day’s price drop on worries about a possible ... Published 28 Apr, 2023 06:08am
Markets Oil slides as recession fears outweigh large US inventory drop NEW YORK: Oil prices extended the previous session’s sharp losses on Wednesday, even after a report showed US ... Published 27 Apr, 2023 06:24am
Markets Rupee remains largely stable against US dollar in post-Eid session Currency appreciates 0.03% in inter-bank market Updated 26 Apr, 2023 08:21pm
Markets Gulf economies to grow at much slower pace in 2023 on lower oil revenues Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for... Published 26 Apr, 2023 11:13am
Opinion Issues multiply on stalled IMF bailout The stand-off between the federal government and the Supreme Court of Pakistan is not going unnoticed in... Published 25 Apr, 2023 06:25am
Markets Oil prices dip 2% as expected rate hikes take toll LONDON: Oil prices fell to their lowest level in about three weeks on Thursday, as a firmer dollar and rate hike... Updated 20 Apr, 2023 08:08pm
Markets Rupee stays stable against US dollar, settles at 283.89 Currency registers a gain of Re0.01 in the inter-bank market Updated 19 Apr, 2023 06:27pm
Markets Oil slides as interest rate expectations eclipse Chinese data LONDON: Oil prices dropped sharply on Wednesday as potential U.S. interest rate hikes that could slow growth and... Updated 19 Apr, 2023 08:29pm
Markets Oil prices steady as China data offset US rate worries HOUSTON: Oil prices held steady on Tuesday as upbeat economic data in No. 2 oil consumer China offset wider concerns... Published 19 Apr, 2023 06:36am
Markets Rupee regains winning momentum, settles at 283.9 against US dollar Currency appreciates 0.29% in inter-bank market Updated 18 Apr, 2023 07:26pm
Life & Style High inflation badly hits Eid shopping KARACHI: As this year’s Eid-ul-Fitr is round the corner, markets and shopping centres across the city have started... Published 18 Apr, 2023 06:21am
Markets Oil drops over 1% on higher dollar, interest rate concerns NEW YORK: Oil prices turned lower on Monday as the U.S. dollar strengthened and as investors mulled over a possible... Updated 17 Apr, 2023 08:42pm
Markets US oil activity in Colorado, Wyoming slips; further slowing likely NEW YORK: Oil and gas activity in the US Midwest and Mountain West states declined in the first quarter and is... Published 17 Apr, 2023 06:41am
Markets Saudi stocks gain on rising oil prices; Qatar falls DUBAI: Saudi Arabia’s stock markets ended higher on Sunday after Friday’s rise in oil prices, although the ... Published 17 Apr, 2023 06:41am
Business & Finance Increase in oil rates unfair ahead of Eid: BMP chief LAHORE: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said... Published 17 Apr, 2023 06:41am
Markets Palm rebounds on stronger rivals, but heads for weekly drop JAKARTA: Malaysian palm oil futures rebounded on Friday after two days of sharp declines, helped by stronger rival... Published 16 Apr, 2023 03:36am
Markets Rupee maintains upward trend against US dollar, settles at 284.91 Currency appreciates 0.6% in the inter-bank market Updated 13 Apr, 2023 06:17pm
Markets Oil slips as rate hike worries balance tighter supplies NEW YORK: Oil prices slipped on Monday, after rising for three straight weeks, as concern about further interest ... Published 11 Apr, 2023 03:44am
Markets Rupee struggles against US dollar, settles at 287.09 Currency losses Rs2.44 or 0.85% in inter-bank trading Updated 10 Apr, 2023 07:18pm