Trump says Russia, Ukraine agree to immediate ceasefire talks, Kremlin offers no timeframe WASHINGTON/MOSCOW/KYIV: Donald Trump said after his call on Monday with President Vladimir Putin that Russia and... Published 20 May, 2025 08:22am
Markets EU likely to propose to G7 to lower price cap on Russian oil to $50 per barrel BRUSSELS: The European Union will propose to G7 finance ministers this week to lower the current $60 per barrel... Published 19 May, 2025 05:36pm
World Oil price crucial for Russia, but national interests come first, Kremlin says MOSCOW: Oil prices play a crucial role in Russia’s budget and the Russian economy overall, but Russian national... Published 06 May, 2025 05:08pm
Markets Russia’s oil price in roubles at two-year low, 40% below budgeted level, data shows MOSCOW: Russia’s oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some... Published 06 May, 2025 01:11pm
Markets Falling oil prices poised for biggest monthly decline since 2021 Brent crude futures were down $1.16, or 1.81%, at $63.09 a barrel Updated 30 Apr, 2025 11:04pm
Markets Russia’s economy ministry cuts 2025 Brent price forecast by nearly 17%, Interfax reports Russia’s economy ministry has cut its forecast for the average price of Brent crude in 2025 by nearly 17% from what... Published 21 Apr, 2025 07:34am
Markets Oil falls nearly 3% on signs of progress in U.S.-Iran talks, demand fears NEW YORK: Oil prices fell nearly 3% on Monday on signs of progress in talks between the U.S. and Iran, while... Updated 21 Apr, 2025 08:50pm
Markets China’s crude oil imports from Russia rebound in March; imports from Malaysia surge Imports from top supplier Russia - including via pipelines and tankers - rebounded in March after a fall in the... Published 20 Apr, 2025 10:19am
Markets Pakistan mulls US oil imports to ease trade imbalance, sources say Pakistan faces a 29% tariff due to a $3 billion trade surplus with the US Updated 15 Apr, 2025 10:09pm
Markets Stocks, dollar sink, bonds pummelled again as trade war roils markets SINGAPORE: Global stocks slumped and the dollar sank further on Friday, while a manic bond selloff took hold in a... Published 11 Apr, 2025 10:03am
Markets Oil prices set to drop for a second week over US-China trade war Oil prices were stable on Friday but on track for their second weekly loss in a row against a backdrop of investor... Updated 11 Apr, 2025 05:47pm
World Trump threatens secondary tariffs on Russian oil if unable to make deal on Ukraine WEST PALM BEACH: U.S. President Donald Trump said on Sunday he will impose secondary tariffs of 25% to 50% on all... Published 30 Mar, 2025 07:56pm
Markets China’s Jan-Feb crude oil imports from top supplier Russia drop SINGAPORE: Russia remains the top oil supplier to China during the first two months of 2025, but volumes - including... Updated 23 Mar, 2025 07:27am
Markets Oil prices set to end week stable as investors mull path to Ukraine ceasefire NEW YORK: Oil prices rebounded on Friday after a more than 1% loss in the previous session as investors weighed the... Updated 14 Mar, 2025 11:44pm
Markets China’s crude oil imports from top supplier Russia reach new high in 2024 SINGAPORE: China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while... Published 20 Jan, 2025 12:35pm
Markets OPEC’s share in India’s annual oil imports rises after 8-year drop NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,... Published 17 Jan, 2025 02:04pm
World US issues fresh round of sanctions against Russia ahead of Trump return to White House WASHINGTON: The United States on Wednesday imposed hundreds of sanctions targeting Russia, seeking to increase... Published 16 Jan, 2025 11:50am
Markets South Korea looking at buying more US oil and gas, energy minister says SEOUL: South Korea is interested in importing more US oil and gas to diversify energy sources and ensure stable... Published 16 Jan, 2025 10:41am
Markets China’s crude oil imports fall in 2024, first time in two decades outside of COVID China’s crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside... Published 13 Jan, 2025 11:20am
Markets Oil jumps on expected hit to China and India’s Russian supplies LONDON: Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest... Updated 13 Jan, 2025 05:31pm
Markets Tougher US sanctions to curb Russian oil supply to China and India NEW DELHI/SINGAPORE: Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas,... Published 12 Jan, 2025 08:41pm
Markets Global crude exports dip as trade routes reshuffle again HOUSTON: The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic,... Published 07 Jan, 2025 01:28pm
Markets Oil prices rise as concerns grow over supply disruptions Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to... Updated 07 Jan, 2025 06:02pm
Markets Oil prices rise in thin pre-holiday trade NEW YORK/LONDON: Oil prices were up on Tuesday, reversing the prior session’s losses on a brightening short-term... Updated 24 Dec, 2024 09:48pm
Business & Finance Saudi Arabia was top buyer of Russian fuel oil and VGO in November MOSCOW: Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in... Published 24 Dec, 2024 06:33am
Markets Middle East share of India’s Nov oil imports at 9-mth high; Russia down NEW DELHI: India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its... Published 23 Dec, 2024 02:13pm
Markets Oil prices edge down on soft Chinese spending data Oil futures dropped from their highest levels in weeks on Monday, pressured by weakness in consumer spending in... Updated 16 Dec, 2024 08:16pm
World Ukraine says it struck Russian oil terminal KYIV: Ukraine said on Saturday it had attacked an oil terminal in Russia’s western Oryol region overnight, sparking... Published 14 Dec, 2024 05:24pm
Markets Russia’s November seaborne diesel exports rise as production increases, LSEG data shows MOSCOW: Russia’s seaborne diesel and gasoil exports rose in November on increased fuel production following a... Published 05 Dec, 2024 01:57pm
Business & Finance Talks under way to import Russian oil: minister ISLAMABAD: Pakistan and Russia are actively negotiating the structure of a deal for the import of Russian oil by... Published 05 Dec, 2024 06:47am
Budget 2025-26: Pakistan targets 4.2% growth as Aurangzeb presents proposals ‘for a competitive economy’