OPEC decision to cut output could hurt Pakistan's economy The group is motivated to keep prices higher in order to shore up fiscal revenues of member countries, says brokerage house AKD Securities Updated 06 Oct, 2022 11:13pm
Markets OPEC+ heads for deep supply cuts, clash with US VIENNA/LONDON: OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in... Published 05 Oct, 2022 01:33pm
Markets Equities extend rally on rate hopes, traders await OPEC decision HONG KONG: Asian investors joined their Wall Street and European counterparts in an equity buying spree Wednesday as... Published 05 Oct, 2022 09:56am
Markets Venezuela’s oil exports in Sept boosted by sales to China, swaps with Iran HOUSTON: More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela’s oil... Published 05 Oct, 2022 07:01am
Pakistan Zubair Malik appointed as investment counsellor in Angola KARACHI: The government of Pakistan has appointed a prominent businessman, Zubair Imam Malik, as an Honorary... Published 05 Oct, 2022 05:49am
Markets OPEC+ supply cuts loom over already tight oil market LONDON/GENEVA: OPEC+ producers look set to cut output when they meet on Wednesday, squeezing supply in an oil market... Published 04 Oct, 2022 07:01pm
Markets OPEC+ mulls largest cuts since 2020 pandemic crisis LONDON: The OPEC+ group of oil producers is discussing output cuts of more than 1 million barrels per day (bpd),... Published 03 Oct, 2022 05:20pm
Markets Oil up $2 a barrel from multi-month low on US Gulf supply cuts, softer dollar NEW YORK: Oil rose by $2 a barrel on Tuesday from a nine-month low a day earlier, supported by supply curbs in the... Updated 27 Sep, 2022 08:35pm
Markets Oil prices slide, hit 9-month lows as dollar strengthens LONDON: Oil prices hit nine-month lows on Monday in choppy trade, pressured by a strengthening dollar as market... Published 27 Sep, 2022 04:06am
BR Research Oil price: Bears or bulls? The Brent crude oil is headed towards fourth straight month of decline, unless signals from Russia, the Opec... Published 22 Sep, 2022 08:59am
Markets Oil prices drop in advance of expected Fed rate hike NEW YORK: Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors... Updated 20 Sep, 2022 10:25pm
Markets Oil little changed as markets debate fed hikes and supply woes HOUSTON: Oil prices held steady in volatile trading on Monday, as traders balanced worries about tight supplies with... Published 20 Sep, 2022 05:51am
Markets Kuwait produces over 2.8m bpd barrels per day of oil KUWAIT CITY: Kuwait Petroleum Corporation’s (KPC) chief executive said on Sunday the Gulf state currently produces... Published 19 Sep, 2022 07:54am
Opinion Lower oil prices defy robust forecasts for global demand Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in... Published 17 Sep, 2022 04:27am
Markets Nigeria’s oil output at 32-year low as thieves hobble output LAGOS: Nigeria’s crude oil production fell below 1 million barrels per day (bpd) in August, figures from its... Updated 09 Sep, 2022 07:41pm
Markets OPEC+ agrees small oil production cut LONDON: OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have... Published 06 Sep, 2022 04:08am
Markets Oil slides 3pc as China lockdowns stoke demand fears HOUSTON: Oil prices tumbled 3% on Thursday, as new COVID-19 lockdown measures in China added to worries that high... Published 02 Sep, 2022 06:00am
Markets Oil slides 3% as China lockdowns stoke demand fears LONDON: Oil prices tumbled 3% on Thursday, as new COVID-19 lockdown measures in China added to worries that high... Updated 01 Sep, 2022 09:06pm
Markets OPEC+ sese bigger 2022 surplus, risks to oil demand growth LONDON/MOSCOW: The oil market will likely see a bigger-than-expected surplus this year, OPEC+ said in a report on... Published 31 Aug, 2022 05:51pm
Print Oil dives nearly $6 a barrel HOUSTON: Oil prices fell nearly $6 a barrel on Tuesday, the steepest decline in about a month, on fears that fuel... Published 31 Aug, 2022 05:50am
Business & Finance Indian rupee slips to record low MUMBAI: The Indian rupee dropped to an all-time low versus the dollar on Monday on bets the Federal Reserve will ... Published 30 Aug, 2022 06:21am
Markets Saudi Arabia may cut October crude prices for Asia SINGAPORE: Top oil exporter Saudi Arabia could slash October prices for most crude grades it sells to Asia after a... Published 29 Aug, 2022 02:28pm
Markets Oil edges higher on prospect of OPEC+ supply cut LONDON: Oil edged higher on Monday to extend last week’s gains as potential OPEC+ output cuts and conflict in Libya... Updated 29 Aug, 2022 05:15pm
Markets Oil prices rise on signals Opec might cut output NEW YORK: Oil prices ended higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but... Published 28 Aug, 2022 06:10am
Markets Oil ends higher on US response to Iran nuclear deal comments NEW YORK: Oil prices ended Wednesday higher after a volatile trading session on concerns that the United States will... Published 25 Aug, 2022 06:08am
Markets With Iran deal looming, OPEC+ weighs oil cuts DUBAI: Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to... Published 23 Aug, 2022 08:35pm
Markets Oil jumps above $3/bbl on possible OPEC+ supply tightening NEW YORK: Oil prices soared more than $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output... Updated 23 Aug, 2022 08:41pm
Markets Saudi says OPEC+ can confront market challenges, including by cutting output Saudi Arabia’s Energy Minister said OPEC+ has the means and flexibility to deal with challenges, including by... Published 22 Aug, 2022 10:30pm
Print Blame policymakers, lawmakers for oil price rises: OPEC RIYADH: Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices,... Published 19 Aug, 2022 05:57am
Markets OPEC chief says blame policymakers, lawmakers for oil price rises LONDON: Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices,... Published 18 Aug, 2022 09:24pm