Oil prices fall ahead of potential large U.S. rate hike LONDON: Oil prices fell more than $2 before paring losses on Thursday as investors focused on the prospect of a... Updated 14 Jul, 2022 07:16pm
Markets Oil mixed after US stock build, big inflation figure NEW YORK: Oil prices were little changed on Wednesday after US oil inventories rose and after US inflation figures... Published 14 Jul, 2022 05:00am
Business & Finance Supply risks still haunt market despite high oil prices: IEA PARIS: High oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the... Published 14 Jul, 2022 05:00am
Markets Oil mixed after U.S. stock build, big inflation figure NEW YORK: Oil prices were little changed on Wednesday in another volatile session, after U.S. oil inventories rose... Updated 13 Jul, 2022 10:16pm
Opinion Oil price rise There are two recent and important developments that are worth discussion. Firstly, petrol prices were increased on... Published 13 Jul, 2022 05:48am
Opinion Biden seeks to persuade Saudi Arabia to pump more oil as prices soar Joe Biden will make his first visit as US president to Saudi Arabia on Friday, where he will seek to persuade Riyadh... Published 13 Jul, 2022 05:48am
Print Cut in oil prices likely as PM seeks summary Move comes after prices go down significantly in international market Updated 13 Jul, 2022 09:09am
Print Euro strikes dollar parity as eurozone recession fears mount Cut in Russian gas supplies to Europe heighten fears of recession in eurozone. Published 13 Jul, 2022 05:48am
Markets OPEC forecasts slower oil demand growth in 2023 LONDON: OPEC forecast that world oil demand will rise further next year, but at a slightly slower rate than in 2022,... Published 12 Jul, 2022 04:46pm
Markets Brent slumps to below $100/bbl on firm dollar, weak demand outlook HOUSTON: Global benchmark Brent crude tumbled to below $100 a barrel on Tuesday due to a stronger dollar,... Updated 12 Jul, 2022 09:57pm
World Biden seeks to persuade Saudi Arabia to pump more oil as prices soar LONDON: Joe Biden will make his first visit as US president to Saudi Arabia on Friday, where he will seek to... Updated 12 Jul, 2022 12:30pm
Markets Oil slides on China COVID worries LONDON: Oil prices fell in volatile trade on Monday, reversing most of the previous session’s gains as markets... Updated 11 Jul, 2022 09:06pm
Markets Oil rises 2pc but set for weekly loss amid recession fears NEW YORK: Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as ... Published 09 Jul, 2022 03:57am
Markets CPC pumps oil despite closure threat, August exports set to rise MOSCOW: Oil exports through the Caspian Pipeline Consortium (CPC) flowed smoothly and planned loadings are higher... Published 08 Jul, 2022 06:16pm
Markets Oil rises 2% but set for weekly loss amid recession fears NEW YORK: Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as... Updated 08 Jul, 2022 09:04pm
Print Oil settles up nearly $4 NEW YORK: Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as... Published 08 Jul, 2022 05:36am
Markets Gasoil, jet fuel margins decline to more than 1-month low NEW DELHI: Asia’s refining margins for 10ppm gasoil and jet fuel dropped to the lowest since May 26 on Thursday... Published 08 Jul, 2022 05:36am
Markets Asia’s gasoline crack extends losses NEW DELHI: Asia’s gasoline markets weakened for a fourth straight session on Thursday after inventories at the key... Published 08 Jul, 2022 05:36am
Business & Finance Canadian dollar strengthens as trade surplus hits widest in 14 years TORONTO: The Canadian dollar strengthened against its US counterpart on Thursday as oil prices rebounded and data... Published 08 Jul, 2022 05:36am
Markets Stocks climb on recession watch; pound gains before Johnson exit LONDON: Stock markets recovered further Thursday as investors weighed recession risks, while the pound rallied as... Published 07 Jul, 2022 04:53pm
Markets Govt will provide relief if decline in oil prices persists: Miftah Ismail Federal Minister for Finance Miftah Ismail said that the government would provide relief to the masses on petroleum... Published 07 Jul, 2022 03:34pm
Markets Shell boosts oil and gas asset value as refining soars LONDON: Shell said on Thursday said it would reverse up to $4.5 billion in writedowns on oil and gas assets after it... Published 07 Jul, 2022 12:34pm
Markets Oil up nearly $5 as tight supply outweighs recession fears LONDON: Oil prices rose steeply on Thursday after sharp losses in the previous two sessions, as investors returned... Updated 07 Jul, 2022 08:17pm
Markets Dubai leads most Gulf bourses lower on recession fears DUBAI: Most stock markets in the Gulf ended lower on Wednesday, with the Dubai index falling most, hit by concern... Published 07 Jul, 2022 05:35am
Print Oil slides 2pc to 12-week low on fears of global recession NEW YORK: Oil prices slid about 2 percent to a 12-week low in volatile trade on Wednesday, extending the prior... Published 07 Jul, 2022 05:35am
Markets China extends record imports of Russian oil into June, cuts Saudi supply SINGAPORE: China extended record imports of low-priced Russian crude oil into June despite a lockdown-induced... Published 06 Jul, 2022 02:33pm
Markets Under $100: oil drops to 12-week low on recession, COVID-19 worries NEW YORK: Oil prices dropped to a 12-week low in volatile trade on Wednesday, extending Tuesday's heavy losses as... Updated 06 Jul, 2022 08:54pm
Markets Asia’s gasoline margin falls despite weak oil prices NEW DELHI: Asia’s gasoline refining profit margin weakened on Tuesday over fears of a possible global recession... Published 06 Jul, 2022 05:35am
Markets Saudi Arabia sets Aug crude prices to Asia at near-record high SINGAPORE: Saudi Arabia, the world's top oil exporter, raised August crude oil prices for Asian buyers to near ... Updated 05 Jul, 2022 04:08pm
Markets Oil drops $6 as recession fears deepen demand concerns LONDON: Oil prices dropped $6 on Tuesday as concerns about a possible global recession curtailing demand outweighed... Updated 05 Jul, 2022 07:26pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?