Oil slumps from 7-year high as Russia says withdraws some troops NEW YORK: Oil tumbled over 4% from a seven-year high on Tuesday after Russia said some of its military units were... Published 16 Feb, 2022 06:20am
Business & Finance Record high: Govt increases price of petrol by Rs12.03, takes it to Rs159.86 per litre Price of high-speed diesel also increased by Rs9.53 per litre, with the new rate now becoming Rs154.15 Published 15 Feb, 2022 11:36pm
Markets Oil hits 7-yr highs before easing as Ukraine hints at concessions NEW YORK: Oil eased on Monday from its highest in more than seven years as Ukraine hinted at possible concessions to... Published 15 Feb, 2022 06:45am
Markets Asia’s naphtha margin jumps, gasoline steady NEW DELHI: Asia’s naphtha markets firmed on Monday after a rally in crude oil benchmarks supported prices. The... Published 15 Feb, 2022 06:45am
Markets Oil climbs more than 1pc as OPEC sees steeper demand rise NEW YORK: Oil prices climbed more than 1% on Thursday, extending their rally for a second day on concerns over ... Published 11 Feb, 2022 04:31am
Pakistan Cannot sustain 'artificially' kept low petrol prices: Shaukat Tarin Finance minister says Russia-Ukraine crisis may even affect wheat prices in Pakistan Published 10 Feb, 2022 07:42pm
Markets Oil prices steady after big drop in US crude stocks NEW YORK: Oil prices were little changed on Wednesday, paring gains after spiking earlier on data showing U.S.... Published 10 Feb, 2022 04:40am
Markets Asia’s naphtha margin climbs NEW DELHI: Asia’s naphtha crack extended gains on Monday after posting a profit of nearly 16% last week and as a... Published 08 Feb, 2022 06:10am
Markets Oil market faces rocky road as shock absorbers wear thin LONDON: An increase in oil output by producer nations cashing in on expensive crude has depleted the cushion of ... Published 27 Jan, 2022 04:05am
Markets Oil rises on concerns geopolitical risks could tighten supplies NEW YORK: Oil prices rose on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats... Published 26 Jan, 2022 04:41am
Markets Oil hits 2014 highs as Turkey outage adds to supply concerns NEW YORK: Oil prices rose for a fourth day on Wednesday after a fire on a pipeline from Iraq to Turkey briefly... Published 20 Jan, 2022 04:21am
Markets Oil edges higher as rising Libyan output offsets supply concerns LONDON: Oil prices rose modestly on Monday as investor bets that global supply will remain tight amid restraint by... Published 18 Jan, 2022 04:20am
Markets Oil tops $83, as Omicron impact expected to be short lived NEW YORK: Oil rose to more than $83 a barrel on Tuesday, supported by tight supply and expectations that rising... Published 12 Jan, 2022 04:25am
Markets VLSFO market firms SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) market complex rose on Thursday, with physical cargo... Published 07 Jan, 2022 06:22am
Markets Oil extends rally on Kazakhstan unrest and Libyan outages NEW YORK: Oil prices rose more than 1% on Thursday, extending a rally from the previous session, on escalating ... Published 07 Jan, 2022 06:22am
Markets Oil prices rise about 3pc as Omicron concern eases NEW YORK: Oil prices rose around 3% on Monday due to hopes that the Omicron coronavirus variant will have a limited... Published 28 Dec, 2021 03:54am
Markets Oil force majeure will cost Ecuador economy $600m QUITO: The economic impact of recent operational problems for Ecuador’s oil industry will be some $600 million, ... Published 17 Dec, 2021 04:30am
Markets Oil slips on rising supply, Omicron worries despite US demand surge NEW YORK: Oil prices fell for a third consecutive day on Wednesday on growing signs that supply growth will outpace... Published 16 Dec, 2021 04:00am
Markets Oil rebounds towards $72 on Omicron hopes and Iran talks LONDON: Oil climbed by $2 a barrel towards $72 on Monday on hopes that the Omicron coronavirus variant would have a... Published 07 Dec, 2021 06:29am
Markets Oil falls on vaccine efficacy worries; WTI down over 6pc NEW YORK: Oil prices tumbled on Tuesday, with US crude futures falling by more than 6%, after Moderna’s chief cast... Published 01 Dec, 2021 03:52am
Markets Oil dives over 2pc NEW YORK: Oil prices fell on Friday below $80 a barrel as surging COVID-19 cases in Europe threatened to slow the... Published 20 Nov, 2021 03:58am
Markets Oil rises on higher demand forecasts, tight supplies NEW YORK: Oil prices rose for a third day on Tuesday after the United States lifted travel restrictions and other... Published 10 Nov, 2021 05:47am
Markets Oil falls to near 4-week low after big build in US inventories NEW YORK: Oil prices fell to a near four-week low on Wednesday, after U.S. crude stocks rose more than expected, as... Published 04 Nov, 2021 04:32am
Markets Oil drops more than 1pc as US stockpiles rise sharply NEW YORK: Oil prices fell on Wednesday after U.S. crude oil stockpiles rose more than expected, even as fuel... Published 28 Oct, 2021 04:06am
Markets Oil prices little changed on report China ready to buy more NEW YORK: Oil futures were little changed on Thursday as reports China was prepared to buy more oil and other energy... Published 01 Oct, 2021 04:07am
Print OPEC forecasts oil demand rebound before post-2035 plateau LONDON: Oil demand will grow sharply in the next few years as economies recover from the pandemic, OPEC forecast on... Published 29 Sep, 2021 03:00am
Markets Oil falls 1pc as storm-hit US supply trickles back NEW YORK: Oil prices fell about 1% on Friday as energy companies in the U.S. Gulf of Mexico restarted production... Published 18 Sep, 2021 04:02am
Markets Oil dips on China plan to tap reserves, small US crude draw NEW YORK: Oil prices eased on Thursday on China’s plan to release state oil reserves to reduce pressure on ... Published 10 Sep, 2021 04:41am
Markets Asia’s naphtha crack eases on weak demand outlook NEW DELHI: Asia’s naphtha crack eased on Tuesday as expectations of a contraction in monthly inflows into the... Published 08 Sep, 2021 04:06am
Markets Oil up but off session highs after Ida weakens to tropical storm NEW YORK: Oil edged higher on Monday, but remained below session highs as Hurricane Ida weakened to tropical storm... Published 31 Aug, 2021 04:03am