Oil plunges to eight-month low on strong dollar, recession fears NEW YORK: Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in... Updated 23 Sep, 2022 07:58pm
Markets Oil steady ahead of US Fed interest rate decision NEW YORK: Oil prices were steady in volatile trade on Wednesday as the market waited for direction from the US... Published 22 Sep, 2022 06:36am
Pakistan Fawad slams govt for not cutting oil prices ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry on Wednesday condemned the government for not giving... Published 22 Sep, 2022 05:48am
Markets Oil gives up gains as soaring US dollar offsets Putin’s troop mobilization NEW YORK: Oil prices gave up early gains on Wednesday as a soaring dollar and global recession fears offset worries... Updated 21 Sep, 2022 08:03pm
Markets Oil prices drop in advance of expected Fed rate hike NEW YORK: Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors... Published 21 Sep, 2022 05:57am
Markets OPEC+ supply shortfall now stands at 3.5pc of global oil demand LONDON: OPEC+ is now producing below its targets by a record 3.58 million barrels per day - about 3.5% of global... Published 21 Sep, 2022 05:57am
Markets Oil little changed as markets debate fed hikes and supply woes HOUSTON: Oil prices held steady in volatile trading on Monday, as traders balanced worries about tight supplies with... Published 20 Sep, 2022 05:51am
Markets Saudi Arabia’s July crude oil exports rise to over 2-year peak Top oil exporter Saudi Arabia’s July crude oil exports gained for a second-straight month to their highest in more... Published 19 Sep, 2022 07:19pm
Markets Oil little changed as markets debate fed hikes and supply woes HOUSTON: Oil prices held steady in volatile trading on Monday, as traders balanced worries about tight supplies with... Updated 19 Sep, 2022 10:32pm
Business & Finance Loop Energy says new hydrogen fuel cell more efficient than diesel engine Hydrogen fuel cell maker Loop Energy said on Sunday that its latest cell system can deliver better fuel economy than... Published 18 Sep, 2022 10:12pm
Markets Oil prices up slightly after Basra spill NEW YORK: Oil prices rose slightly on Friday as a spill at Iraq’s Basra terminal appeared likely to constrain ... Published 18 Sep, 2022 06:05am
Opinion Lower oil prices defy robust forecasts for global demand Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in... Published 17 Sep, 2022 04:27am
Markets Oil steadies but remains on track for weekly decline LONDON: Oil steadied on Friday after a sharp fall in the previous session, but pricess remained on track for a... Updated 16 Sep, 2022 05:32pm
Markets Azerbaijan sees oil at $50 per barrel in 2023 budget BAKU: Azerbaijan’s Finance Ministry said on Thursday that it expects oil prices of $50 per barrel in the oil-rich... Published 15 Sep, 2022 09:44pm
Markets Brent crude falls 3% on demand concerns, strong dollar LONDON: Brent crude oil fell 3% on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a... Updated 15 Sep, 2022 07:21pm
Markets Oil rises 1pc on supply concerns, expectations for fuel switching NEW YORK: Oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil... Published 15 Sep, 2022 07:16am
Markets Oil rises 2% on supply concerns, expectations for fuel switching NEW YORK: Oil rose about 2% on Wednesday, rebounding from the previous day’s lows, as an international energy... Updated 14 Sep, 2022 09:18pm
Business & Finance APOTCA rejects deregulation of oil prices ISLAMABAD: All Pakistan Oil Tankers Contractors Association (APOTCA) on Tuesday rejected the proposed deregulation ... Published 14 Sep, 2022 04:45am
Markets Oil prices rise as supply uncertainty mounts LONDON: Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil... Published 13 Sep, 2022 06:12am
World The G7’s price cap on Russian oil begins to take shape WASHINGTON: The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s... Published 12 Sep, 2022 05:46pm
Markets Oil prices rise as supply uncertainty mounts LONDON: Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil... Updated 12 Sep, 2022 08:39pm
Pakistan PTI to start countrywide protests against price hike next week: Fawad ISLAMABAD: Pakistan Tehreek-e-Insaf has announced to start countrywide protests against the price increase from next... Published 12 Sep, 2022 06:01am
Markets Gulf major indexes advance as oil, global markets recover DUBAI: A tentative return of risk appetite to global stock markets and rebound in oil prices at the end of last week... Published 12 Sep, 2022 06:01am
Markets Oil prices rise on supply threats NEW YORK: Oil prices rose about 4% on Friday, supported by real and threatened cuts to supply, although futures... Published 11 Sep, 2022 03:51am
Markets Oil edges up from 7-mth low as Russia threatens export halt NEW YORK: Crude prices edged up about 1% on Thursday after dropping to a seven-month low in the prior session after... Updated 08 Sep, 2022 09:41pm
Markets Oil dives more than $4 on strong dollar, recession fears NEW YORK: Oil prices tumbled more than $4 on Wednesday, slumping below levels seen prior to Russia’s invasion of... Published 08 Sep, 2022 05:43am
Markets Fourth successive loss: Rupee depreciates to settle at 223.42 against US dollar Analysts say decline in rupee value comes on the back of surge in demand for dollars in the local market Updated 07 Sep, 2022 09:23pm
Markets Oil up nearly 3pc as OPEC+ agrees to small oil output cut HOUSTON: Oil prices rose about 3% on Monday, as OPEC+ members agreed to a small production cut of 100,000 barrels ... Published 06 Sep, 2022 04:08am
Markets Russian oil cap will be ‘source of uncertainty’: Moscow MOSCOW: A plan by the G7 nations to cap Russian oil prices in the wake of Moscow’s military operations in Ukraine... Published 05 Sep, 2022 10:01pm
Markets OPEC+ agrees oil output cut to prop up prices VIENNA: The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to... Published 05 Sep, 2022 06:07pm