US oil may drop more into $106.10 to $107.74 range SINGAPORE: US oil may drop more into a range of $106.10 to $107.74 per barrel, as suggested by a projection... Published 30 Jun, 2022 10:53am
Print G7 discussions with China, India on Russian oil price cap positive WASHINGTON: Group of Seven democracies have had positive and productive discussions with China and India about a ... Updated 29 Jun, 2022 09:58am
Markets White House says discussions have begun with India on Russia gas cap implementation ABOARD AIR FORCE ONE: White House national security adviser Jake Sullivan said on Tuesday discussions have begun... Published 28 Jun, 2022 07:18pm
World Macron tells Biden that UAE, Saudi can barely raise oil output GARMISCH-PARTENKIRCHEN: Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase... Published 28 Jun, 2022 03:11pm
Markets Russia exporting lighter, sweeter Urals oil as taps Asia demand MOSCOW: Russia has been improving the quality of its flagship Urals crude oil export, making the heavily-discounted... Published 28 Jun, 2022 06:10am
World A 'default' when flush with cash: Five signs Russia ain't sinking yet LONDON: Russia may have defaulted for the first time on foreign bonds since the Bolsheviks refused to pay on a vast... Published 27 Jun, 2022 06:12pm
Markets France wants Iran, Venezuela return to oil markets SCHLOSS ELMAU: France wants sanctions-hit Iran and Venezuela to return to the oil markets to alleviate a Russian... Published 27 Jun, 2022 05:29pm
Markets Bankrupt Sri Lanka seeks discounted Russian oil COLOMBO: Cash-strapped Sri Lanka on Sunday announced sending ministers to Russia and Qatar to try and secure cheap... Published 27 Jun, 2022 07:35am
Markets Bankrupt Sri Lanka seeks discounted Russian oil COLOMBO: Cash-strapped Sri Lanka on Sunday announced sending ministers to Russia and Qatar to try and secure cheap... Updated 27 Jun, 2022 01:23am
Markets Italy’s dependence on Russian gas down to 25% from 40%, Draghi says BRUSSELS: Italy’s dependence on Russia for imported gas has decreased to 25% from 40% last year, Prime Minister... Published 24 Jun, 2022 08:07pm
Markets Russian oil tankers get India safety cover via Dubai company NEW DELHI/LONDON: India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top... Published 23 Jun, 2022 01:25pm
Markets Italy's Eni reports fourth daily shortfall of Russian gas supplies ROME: Russia's Gazprom has told Italy's Eni that it would deliver similar gas supplies on Saturday to those it sent... Published 18 Jun, 2022 04:50pm
World China’s Xi to host virtual summit for BRICS emerging economies BEIJING: Chinese President Xi Jinping will host a virtual summit with top leaders from Russia, India, Brazil and... Published 17 Jun, 2022 10:28am
Markets Oil slumps 5% on recession concerns, U.S. gasoline price drop NEW YORK: Oil prices tumbled about 5% to a three-week low on Friday, led by a slump in U.S. gasoline futures, as... Updated 17 Jun, 2022 09:51pm
Markets High fuel prices to persist into 2023, Wood Mackenzie says LONDON: Consumers can expect fuel prices at the pump to remain high into next year due to disruptions to Russian oil... Published 16 Jun, 2022 04:51pm
Markets Russia considering oil exports from northern port of Murmansk Russia is considering exporting oil via the northern port of Murmansk in the event of limitations on other routes,... Updated 16 Jun, 2022 04:50pm
Markets Russian oil and fuel revenue up even as exports fall: IEA LONDON: Higher crude oil and fuel prices allowed Russian revenues to climb in May despite its export volumes... Published 15 Jun, 2022 05:33pm
Markets Germany’s refinery dilemma tests Russian oil ban resolve BERLIN: Germany is struggling to find a way to wrest control of a Russian-owned refinery that supplies most of... Published 15 Jun, 2022 08:28am
Markets Oil jumps 2% as tight supply outweighs recession, China demand fears LONDON: Oil prices rose about 2% on Tuesday as tight global supply outweighed worries that fuel demand would be hit... Updated 14 Jun, 2022 08:01pm
Markets Russia becomes India’s second biggest oil exporter NEW DELHI: Russia rose to become India’s second biggest supplier of oil in May, pushing Saudi Arabia into third... Published 14 Jun, 2022 05:56am
Markets Russia becomes India's second biggest oil exporter, trade sources NEW DELHI: Russia rose to become India's second biggest supplier of oil in May, pushing Saudi Arabia into third ... Published 13 Jun, 2022 05:46pm
Markets US oil to drop into $113.81-$115.86 range SINGAPORE: US oil is expected to drop into a range of $113.81-$115.86 range, following its failures to break a... Published 13 Jun, 2022 10:35am
Pakistan Russian envoy hopes bilateral trade volume to rebound soon KARACHI: The Consul General of Russian Federation in Karachi, Andrey Viktorovich Fedorov, has said that total volume... Published 11 Jun, 2022 06:15am
World Putin says no Iron Curtain will close off Russia’s economy LONDON: President Vladimir Putin said on Thursday that no Iron Curtain would fall over the Russian economy despite... Published 09 Jun, 2022 08:10pm
Markets Russia has no extra oil to sign deals with two Indian buyers NEW DELHI: Russia’s Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three... Published 09 Jun, 2022 08:02am
Markets Russia has no extra oil to sign deals with two Indian buyers NEW DELHI: Russia's Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three... Published 08 Jun, 2022 08:12pm
Markets Gazprom’s gas exports to Europe via Ukraine remain steady Russian gas producer Gazprom said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at... Published 04 Jun, 2022 12:56pm
Markets EU’s 6th sanctions package against Russia, including oil BRUSSELS: EU countries have reached agreement on their sixth package of sanctions against Russia over its invasion... Published 03 Jun, 2022 05:58pm
From Moody's to Miftah: in case you missed Thursday's developments, here is a rundown Pakistan's economy has been the centre of attention for several months with inflation readings, hike in interest... Published 03 Jun, 2022 12:50am
Markets EU gives final approval to sanctions targeting Russian oil and Sberbank BRUSSELS: The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank... Published 02 Jun, 2022 10:14pm