Oil tycoon Brigham prepares rare oilfield services IPO NEW YORK: Oil and gas tycoon Bud Brigham is exploring an initial public offering (IPO) of Atlas Sand, people ... Published 20 Apr, 2022 05:12am
Markets Russia should diversify energy exports towards Asia: Putin MOSCOW: Russian President Vladimir Putin on Thursday called for diversification of energy exports towards Asia, ... Published 15 Apr, 2022 05:29am
Markets Oil drops below $100 on reserves release and China lockdowns LONDON: Oil prices dropped by $4 a barrel on Monday, with Brent crude tumbling below $100 on plans to release record... Updated 11 Apr, 2022 05:04pm
Print Oil, ghee and steel sectors: Input tax adjustment disallowed on 778 goods ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 778 goods on which manufacturers of oil and ghee... Updated 09 Apr, 2022 10:30am
Markets IEA details plan to release 120mn barrels of oil over 6 months to cool prices The International Energy Agency (IEA) on Thursday listed members' contributions to a 120-million-barrel release of... Published 08 Apr, 2022 11:39am
Markets US oil may test support at $93.80 SINGAPORE: US oil may retest a support at $93.80 per barrel, a break below could open the way towards $90.55. The... Published 08 Apr, 2022 11:03am
Markets US oil signals mixed SINGAPORE: Signals are mixed for US oil, and a further development of the chart will suggest a direction. The... Published 06 Apr, 2022 10:51am
Markets Oil slips as IEA nations ready big release from reserves LONDON/NEW YORK: Oil futures edged lower on Wednesday following a surprising rise in U.S. crude stocks and after ... Updated 06 Apr, 2022 09:45pm
Markets Oil benchmarks on course for biggest weekly losses in 2 years LONDON: Oil dipped in and out of negative territory on Friday as members of the International Energy Agency (IEA)... Published 02 Apr, 2022 04:14am
Opinion US and allies may find tapping stockpiles inadequate to plug Russian oil gap Top oil consuming nations may find that one of their main tools to fight high global oil prices – the release of... Published 01 Apr, 2022 05:41am
Business & Finance Biden orders unprecedented use of US oil stockpiles to combat fuel prices WASHINGTON: President Joe Biden will announce Thursday the release of a record million barrels of oil a day, for... Published 01 Apr, 2022 05:41am
Markets Gold heads for best quarter in six on Russia-Ukraine war LONDON: Gold was on course to post its biggest quarterly gain since September 2020 as the safe-haven metal’s ... Published 01 Apr, 2022 05:41am
Markets Most Gulf bourses close higher; Egypt extends losses DUBAI: Most stock markets in the Gulf ended higher on Sunday amid strong oil prices, while Egypt’s index tumbled... Published 28 Mar, 2022 05:29am
Markets When it comes to oil, the global economy is still hooked LONDON: The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the ... Updated 25 Mar, 2022 02:43pm
Markets Raw sugar hits two-week high as Brazil’s real, oil firm LONDON: Raw sugar futures on ICE hit a two-week high on Thursday as Brazil’s real currency continued to firm and... Published 25 Mar, 2022 05:47am
Print Moscow warns of market ‘collapse’ MOSCOW: Russian Deputy Prime Minister Alexander Novak warned Wednesday that a ban on Russian oil and gas imports... Updated 24 Mar, 2022 09:11am
Markets Asia’s naphtha margin slides NEW DELHI: Asia’s naphtha crack slumped for a fourth straight session on Tuesday, hitting the lowest level since... Published 23 Mar, 2022 04:58am
Print SBP suggests steps aimed at reducing import bill KARACHI: The State Bank of Pakistan (SBP) has suggested customs duty on imported seed and oil and taxes on ghee to... Updated 19 Mar, 2022 01:04pm
Markets Italy needs at least 3 years to replace Russian gas imports, minister says ROME: Italy will need at least three years to completely replace its gas imports from Russia with other energy... Published 17 Mar, 2022 04:53am
Markets KSE-100 up 350 points as plunge in oil prices revives sentiments Sectors driving the benchmark index upwards included cement, power generation and distribution and technology and communication Published 15 Mar, 2022 05:43pm
Markets Oil plunges below $100 on easing supply concerns and China Covid cases LONDON: Oil prices tumbled to their lowest in almost three weeks on Tuesday as supply disruption fears eased and... Updated 15 Mar, 2022 08:59pm
Markets Oil rises but set for weekly loss as traders assess supply disruptions BENGALURU: Oil prices rose Friday but were still headed for a weekly decline as traders weighed headlines around... Published 12 Mar, 2022 04:08am
Markets Oil slides lower in volatile session as traders debate supply concerns BENGALURU: Oil prices gave up gains to trade lower on Thursday after its biggest plunge in two years in the previous... Published 11 Mar, 2022 05:12am
Markets Washington pins easing of Venezuela sanctions on direct oil supply to US HOUSTON /WASHINGTON: US officials have demanded Venezuela supply at least a portion of oil exports to the United... Published 10 Mar, 2022 06:30am
Markets Oil surges as US and Britain cut off Russian crude BENGALURU: Oil prices surged on Tuesday as the United States and Britain moved to ban Russian oil imports, a ... Published 09 Mar, 2022 06:44am
Print PM launches ‘Ehsaas Riayat Ration’ programme ISLAMABAD: Prime Minister Imran Khan Monday said the historic tax collection has enabled the government to reduce... Updated 08 Mar, 2022 10:05am
Markets America is finally cleaning up its abandoned, leaking oil wells WASHINGTON: Bill Suan bought his family's cattle farm in the mountains of West Virginia a decade-and-a-half ago with... Published 06 Mar, 2022 11:09am
Markets Oil jumps 4pc as Ukraine conflict offsets Iran supply hopes NEW YORK: Oil jumped about 4% on Friday in a volatile session as fears that Western sanctions would disrupt Russian... Published 05 Mar, 2022 04:10am
Markets Oil rebounds on escalating Ukraine conflict SINGAPORE: Oil prices rebounded on Friday as fears of Western sanctions that could disrupt Russian oil exports... Updated 04 Mar, 2022 03:39pm
Markets Iran hopeful for oil majors to return once sanctions lifted LONDON: Talk of a possible agreement between Iran and the United States over Tehran’s nuclear programme has put... Published 04 Mar, 2022 04:37am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees