Oil purchases from Russia: Payments will be in currencies of ‘friendly’ states Russia’s energy minister says both sides have drafted an agreement to sort out issues like transportation, insurance, payments and loadings Updated 21 Jan, 2023 08:58am
Print Govt wants to meet 35pc of oil requirement through Russia: Musadik ISLAMABAD: State Minister for Petroleum, Musadik Malik Friday said that Pakistan wanted to import 35 percent of its... Updated 21 Jan, 2023 08:51am
Print Crude oil and oil products: agreement to be signed by March ISLAMABAD: Pakistan and Russia have decided to draft an agreement on crude oil and oil products supply by late March... Updated 21 Jan, 2023 11:41am
Markets Pakistan will pay for Russian energy purchases in currency of friendly countries: Russian official Russian energy minister says both countries have agreed on late March as timeline for crude oil export to Pakistan Updated 20 Jan, 2023 05:56pm
Markets Gulf stocks up despite weak Oil, US consumer data DUBAI: Most major Gulf equities recovered early losses to close slightly higher on Thursday as investors in the... Published 20 Jan, 2023 06:10am
Markets Oil prices up 1pc to near 7-week high NEW YORK: Oil prices rose about 1% on Wednesday to their highest since early December on a drop in the US dollar and... Published 19 Jan, 2023 06:31am
Markets Gasoil margins fall on cautious sentiment amid firm oil SINGAPORE: Asia’s 10-ppm sulphur gasoil margins extended losses on cautious trading sentiment amid firmer oil... Published 19 Jan, 2023 05:58am
Markets Oil prices up 1% to near 7-week high on China recovery hopes NEW YORK: Oil prices rose about 1% on Wednesday to their highest since early December on a drop in the US dollar and... Updated 18 Jan, 2023 11:13pm
Markets NGOs denounce banks financing new oil and gas projects PARIS: Despite joining industry groups committed to reaching carbon neutrality the world’s top banks are ... Published 18 Jan, 2023 06:47am
Markets Oil prices hit two-week highs NEW YORK: Oil prices rose to their highest in two weeks on Tuesday after China posted weak but expectation-beating... Published 18 Jan, 2023 06:22am
Business & Finance Fuel talks with Russia begin today ISLAMABAD: Pakistan will hold bilateral talks with a Russian delegation on Tuesday, on long-term oil and liquefied... Published 17 Jan, 2023 07:05am
Markets Gasoil margins, premiums higher on China refinery outage SINGAPORE: Asia’s 10-ppm sulphur gasoil margins and premiums opened the week higher on worries of slightly tighter... Published 17 Jan, 2023 06:02am
Markets VLSFO premium rises for fifth straight session SINGAPORE: The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) rose for a fifth consecutive day on... Published 17 Jan, 2023 06:02am
Markets Oil still in sight of recent highs on Chinese demand recovery hopes NEW YORK: Oil prices slipped on Monday but were holding near their highest this month as easing COVID restrictions ... Published 17 Jan, 2023 06:02am
Business & Finance ‘OPEC+ faces oil market volatility in both supply & demand’ CAIRO: OPEC+ is facing “volatile prospects” in oil markets both in supply and demand, UAE energy minister Suhail... Published 15 Jan, 2023 04:01am
Markets Oil prices may be kept unchanged ISLAMABAD: Based on the existing petroleum levy (PL) and general sales tax (GST) on petroleum products, an estimated... Published 14 Jan, 2023 06:22am
Markets China demand optimism sets oil on track for strong weekly gain LONDON: Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth... Updated 13 Jan, 2023 08:55pm
Markets Most Gulf markets rise on higher oil prices DUBAI: Most major Gulf equities closed higher on Thursday, tracking global peers and oil prices higher on optimism... Published 13 Jan, 2023 06:05am
Markets Oil up more than $1 on US inflation data NEW YORK: Oil prices rose by more than $1 a barrel on Thursday, extending gains after figures showed U.S consumer... Published 13 Jan, 2023 06:05am
Print Russia all set to discuss oil, LNG deals during IGC Islamabad and Moscow are already in close contact to import Russian wheat Updated 13 Jan, 2023 11:05am
Print Deal signed with SFD to finance oil derivatives worth $1bn ISLAMABAD: The Saudi Fund for Development (SFD) and Pakistan, on Thursday, signed a new agreement to finance oil... Updated 13 Jan, 2023 08:47am
Markets Oil gains 2pc on optimism over global economy NEW YORK: Oil prices rose 2 percent to a one-week high on Wednesday as hopes for an improved global economic outlook... Published 12 Jan, 2023 06:59am
Print ‘Wish list’ ready to be presented to UAE’s leadership ISLAMABAD: The government has reportedly prepared its “wish list” to be presented to UAE’s top brass during the... Updated 12 Jan, 2023 12:42pm
Business & Finance KSA, Pakistan likely to ink over $1bn agreement in oil sector ISLAMABAD: Pakistan and Kingdom of Saudi Arabia (KSA) are likely to ink an agreement of over US one billion dollars... Published 12 Jan, 2023 05:51am
Markets Brent oil price broadly steady at $80/bbl amid rising US stockpiles LONDON: Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an... Updated 11 Jan, 2023 05:57pm
Markets Oil rises 1pc as petroleum demand likely to touch record next year HOUSTON: Oil prices climbed marginally on Tuesday as the US government forecast record global petroleum consumption... Published 11 Jan, 2023 05:53am
Markets VLSFO premium dips further, HSFO holds steady SINGAPORE: Asia’s spot premium for very low sulphur fuel oil (VLSFO) dipped for a third straight session on Monday... Published 10 Jan, 2023 06:00am
Business & Finance Oil rises over 1pc NEW YORK: Oil prices rose over 1% on Monday after China’s move to reopen its borders boosted the outlook for fuel... Published 10 Jan, 2023 06:00am
Markets Oil rises after US fuel stocks draw down NEW YORK: Oil prices rose nearly 2% on Thursday after posting the biggest two-day loss for the start of a year in... Published 06 Jan, 2023 06:37am
Markets Oil steadies after biggest start of the year drop in decades LONDON: Oil steadied on Thursday in volatile trade after posting the biggest two-day loss for the start of a year in... Updated 05 Jan, 2023 08:15pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?