Oil prices rise 3pc after China rate cut NEW YORK: Oil prices climbed 3 percent on Tuesday, recovering from steep losses the previous session, after ... Published 14 Jun, 2023 06:21am
Markets Oil prices rise on bargain hunting as demand worries weigh LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s... Updated 13 Jun, 2023 07:24pm
Markets Oil prices fall, US Fed rate decision in focus LONDON: Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite... Updated 12 Jun, 2023 05:50pm
Markets Oil posts second weekly decline as demand concerns overshadow Saudi cut BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as... Published 12 Jun, 2023 06:26am
Print First-ever crude-laden Russian ship arrives KARACHI/ISLAMABAD: The first-ever Russian oil ship carrying over 45,000 metric tons of crude has arrived at Karachi... Updated 12 Jun, 2023 08:41am
Markets Oil prices stable as gains capped by demand fears LONDON: Oil prices were broadly stable on Friday and were set for a second week of declines as concern over oil... Updated 09 Jun, 2023 08:04pm
Markets Oil rises as Saudi cut supports and focus turns to Fed LONDON: Oil rose on Thursday as tighter supply resulting from Saudi Arabia’s pledged production cut and a potential... Updated 08 Jun, 2023 06:03pm
Markets Oil prices higher as Saudi output cuts overshadow weak signals HOUSTON: Oil prices climbed over 1% on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Published 08 Jun, 2023 06:30am
Markets Brent oil may rise to $77.52 Brent oil may break a resistance at $76.45 per barrel, and rise to $77.52. The bounce from the Tuesday low of $74.72... Published 07 Jun, 2023 09:53am
Markets Oil prices edge higher as Saudi cut outweighs bearish backdrop LONDON: Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Updated 07 Jun, 2023 08:08pm
Opinion Leadership and economics Upon the conclusion of every single overseas visit I am filled with sadness and a deep sense of disillusionment. ... Updated 07 Jun, 2023 06:36am
Print FBR expresses reservations at PD’s policy guideline ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly expressed reservations at Petroleum Division’s policy... Updated 07 Jun, 2023 08:55am
Markets Oil rises 1pc on Saudi plan to deepen output cuts from July NEW YORK: Oil prices rose by more than one percent a barrel on Monday after top crude exporter Saudi Arabia pledged... Published 06 Jun, 2023 05:33am
Markets Oil rises 1% on Saudi plan to deepen output cuts from July NEW YORK: Oil prices rose by more than 1% a barrel on Monday after top crude exporter Saudi Arabia pledged to cut... Updated 05 Jun, 2023 08:30pm
Business & Finance Rosneft’s Q1 net profit up MOSCOW: First-quarter net profit of Russia’s largest oil producer Rosneft rose by 45.5% from the previous three... Published 05 Jun, 2023 03:27am
Markets May oil sales plunge 40pc to 1.3m tons YoY KARACHI: Pakistan oil sales in May 2023, clocked in at 1.3 million tons, down 40 percent on year-on-year basis.... Published 03 Jun, 2023 03:52am
Markets Oil prices rise after US debt deal, all eyes on OPEC meeting LONDON: Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world’s biggest oil... Updated 02 Jun, 2023 05:50pm
Markets Oil jumps 3pc on US debt ceiling progress BENGALURU: Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in US interest rate hikes and... Published 02 Jun, 2023 03:56am
Business & Finance OPEC+ unlikely to deepen oil supply cuts LONDON/DUBAI: OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite ... Published 02 Jun, 2023 03:56am
Markets Oil jumps 3% on US debt ceiling progress, OPEC+ in focus BENGALURU: Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in U.S. interest rate hikes and... Published 01 Jun, 2023 11:26pm
Markets Oil steadies as U.S debt bill progress balanced by higher inventories LONDON: Oil steadied on Thursday as a potential pause in US interest rate hikes and the passing of a crucial vote on... Updated 01 Jun, 2023 03:17pm
Markets Oil falls on weak China data, stronger dollar HOUSTON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised... Published 01 Jun, 2023 03:34am
Markets Oil falls on weak China data, stronger US dollar LONDON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised... Updated 31 May, 2023 07:44pm
Markets Oil slides 4pc on worries about US debt ceiling NEW YORK: Oil prices fell more than 4% on Tuesday on concerns about whether the US Congress will pass the US debt... Published 31 May, 2023 03:56am
Markets Oil dips as rate hike bets offset US debt deal HOUSTON: Oil prices slipped on Monday, as worries over further interest rate hikes that could curb energy demand... Published 30 May, 2023 03:37am
Markets Oil down nearly 3% as Russia downplays additional OPEC+ cuts LONDON: Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of... Updated 25 May, 2023 08:00pm
Print 0.1m tons of Russian oil to arrive in first week of June ISLAMABAD: The vessels carrying 100,000 tons of discounted Russian oil will arrive at Pakistan ports in the first... Updated 25 May, 2023 08:52am
Markets Oil prices buoyed by Saudi warning and falling U.S. stockpiles LONDON: Oil prices rose on Wednesday, driven up by tightening U.S. inventories and a warning from the Saudi energy... Updated 24 May, 2023 07:39pm
Markets Asia naphtha up; gasoline cracks down SINGAPORE: Asia naphtha cracks and prices were slightly firmer despite mixed buying interest across the board, amid... Published 24 May, 2023 05:57am
Markets Oil steady as US default risk offsets demand outlook LONDON: Oil prices were steady on Monday as caution relating to US debt ceiling talks dragged on optimism over... Updated 22 May, 2023 02:57pm