Oil dips but on track for fifth week of gains NEW YORK: Oil prices edged lower on Friday, but were on track for a fifth straight week of gains as investors were... Published 31 Jul, 2023 06:43am
Markets Oil climbs close to April peak on tighter supply LONDON: Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness... Updated 27 Jul, 2023 01:48pm
Markets China hugely boosts crude stockpiling on cheap Russian oil LAUNCESTON, (Australia): China boosted its stockpiling of crude oil to the highest level in three years in June,... Published 27 Jul, 2023 06:26am
Markets Kuwait records $20.8bn surplus in 2022/23, first in almost a decade KUWAIT: Kuwait recorded a budget surplus of 6.368 billion dinars ($20.76 billion) in the fiscal year that ended on... Published 26 Jul, 2023 01:32pm
Markets Oil prices steady near 3-month highs LONDON: Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges... Updated 25 Jul, 2023 05:30pm
Markets Oil prices up 2pc to 3-month high on tight supply NEW YORK: Oil prices climbed over 2 percent to a three-month high on Monday on tightening supply, rising US gasoline... Published 25 Jul, 2023 06:20am
Markets Oil prices rise as tight supply counters expected rate hikes LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well... Updated 24 Jul, 2023 05:46pm
Markets Oil rallies higher for fourth straight week BENGALURU: Oil prices rose more than a dollar per barrel on Friday, buoyed by growing evidence of supply shortages ... Published 24 Jul, 2023 06:11am
Opinion Reducing rising electricity tariff?-I NEPRA (National Electric Power Authority) has increased electricity base tariff by Rs 4.96 per unit from Rs 24.82 ... Published 23 Jul, 2023 03:25am
Print Govt to import 100,000 tons of Russian oil every month KARACHI: In a bid to ensure cheap energy in the country, the government will import 100,000 tons of Russian crude ... Updated 23 Jul, 2023 10:34am
Markets Oil edges higher on lower US crude stocks, cautious outlook LONDON: Oil prices crept higher on Thursday as a lower-than-expected drop in US crude inventories and a weaker... Updated 20 Jul, 2023 05:36pm
Markets Oil prices rise as US supply tightens NEW YORK: Oil prices gained on Wednesday, buoyed by tighter US crude supplies, China’s pledge to reinvigorate its... Published 20 Jul, 2023 03:12am
Markets Oil prices rise as US supply tightens, inflation worries ease NEW YORK: Oil prices gained on Wednesday, buoyed by tighter U.S. crude supplies, China’s pledge to reinvigorate its... Updated 19 Jul, 2023 09:34pm
Markets Oil prices edge up on weak US dollar NEW YORK: Oil prices climbed more than 1% on Tuesday as a weaker US dollar and expected decline in US output... Published 19 Jul, 2023 03:21am
Markets Oil steadies as investors eye US crude supplies LONDON: Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies... Updated 18 Jul, 2023 09:42pm
Markets Oil dips more than 1pc as Chinese GDP dents demand hopes HOUSTON: Oil dropped by more than 1 percent on Monday after weaker than expected Chinese economic growth raised... Published 18 Jul, 2023 05:51am
Markets Oil prices fall on profit-taking BENGALURU: Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked... Published 17 Jul, 2023 03:47am
Business & Finance BP, Total win in $14bn German offshore wind site tender FRANKFURT/LON DON: Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site... Published 17 Jul, 2023 03:47am
Markets Oil prices drop on profit-taking, still headed for weekly gain BENGALURU: Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked... Updated 14 Jul, 2023 09:14pm
Markets Oil prices up, hit nearly 3-month high NEW YORK: Oil prices rose on Thursday to their highest in nearly three months after US inflation data implied... Published 14 Jul, 2023 06:23am
Markets Saudi output cut removes downside risk from oil market LONDON: Extra crude production cuts announced by Saudi Arabia and Russia have removed some downside risk and stemmed... Published 13 Jul, 2023 04:50am
Markets Oil prices rise as mild US inflation data calms fear of Fed rate hike NEW YORK: Oil prices rise on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since... Published 13 Jul, 2023 04:50am
Markets Oil prices rise as mild US inflation data calms fear of Fed rate hike Oil prices rose on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, ... Published 12 Jul, 2023 11:22pm
Markets Oil stuck between supply strains and economic doubt LONDON: Oil prices were little changed on Wednesday in a market caught between expectations supply cuts by the... Updated 12 Jul, 2023 05:55pm
Markets Oil prices gain on weaker US dollar NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling US dollar, hopes for higher... Published 12 Jul, 2023 06:39am
Markets Saudis to supply full oil volumes to Asia in Aug SINGAPORE: Saudi Aramco has informed some clients in North Asia they will receive full nominated volumes of crude ... Published 12 Jul, 2023 06:39am
Markets BP settles US natgas market manipulation case for $10.75m NEW YORK: Oil major BP agreed to pay a civil penalty of $10.75 million to cover allegations company traders... Published 12 Jul, 2023 06:39am
Markets India refiners start yuan payments for Russian oil imports NEW DELHI: Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct... Published 10 Jul, 2023 06:52am
Markets Oil giants drill deep as profits trump climate concerns LONDON: Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they... Published 10 Jul, 2023 06:52am
Print Jeddah-based ITFC signs deal to fund $1.4bn of Bangladesh oil imports JEDDAH: The International Islamic Trade Finance Corporation (ITFC), which is based in Jeddah, signed a $1.4 billion... Updated 09 Jul, 2023 09:05am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?