Oil prices extend multi-month highs on supply concerns LONDON: Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight... Updated 13 Sep, 2023 05:01pm
Markets Oil falls as concerns about China outweigh extended cuts LONDON: Oil prices eased on Thursday as an uncertain economic outlook for China outweighed expectations of tighter... Updated 07 Sep, 2023 07:36pm
Markets China’s August crude oil imports jump 30.9% from a year ago BEIJING: China’s crude oil imports in August surged by 30.9% from a year earlier, customs data showed on Thursday,... Published 07 Sep, 2023 09:30am
World Putin, Saudi’s prince: oil supply cuts ensure stable energy market MOSCOW: The Kremlin on Wednesday said that Russian President Vladimir Putin had spoken by phone with Saudi Crown... Published 06 Sep, 2023 03:03pm
Markets APPEC: G7 oil price cap effective in cutting Russian revenue SINGAPORE: The Group of Seven’s price cap on Russian oil is still effective in limiting Russia’s revenue and oil... Published 04 Sep, 2023 03:14pm
Markets India’s Russian oil imports fall to 7-month low, Saudi jumps: trade flows NEW DELHI: India’s imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to... Published 31 Aug, 2023 06:40pm
Business & Finance Russia’s Rosneft second-quarter oil and gas condensate output dips MOSCOW: Rosneft, Russia’s largest oil producer, said on Wednesday its output of oil and gas condensate dipped in the... Published 30 Aug, 2023 11:29am
Markets Oil steadies as supply concerns counter macroeconomic jitters LONDON: Oil prices were little changed on Tuesday as investors weighed supply concerns from a hurricane hurtling... Updated 29 Aug, 2023 08:39pm
Markets Abundant, cheap Iranian oil supply to cap Russian prices in China SINGAPORE: Rising prices of a popular Russian crude sold to China are poised to peak soon as more independent... Published 27 Aug, 2023 03:05am
Opinion Petrol prices in India and Pakistan: the differential The price of petrol is regulated in both India and Pakistan. It is sold at a price fixed by the governments of the... Updated 24 Aug, 2023 10:31am
Markets India’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low NEW DELHI: India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound... Published 22 Aug, 2023 12:49pm
Markets Oil steadies as China fears counter tight US supply Oil prices were little changed on Wednesday despite a large drawdown in U.S. crude oil stocks as investors weighed... Updated 16 Aug, 2023 09:23pm
Markets Oil prices firm on upbeat demand growth forecasts LONDON: Oil prices gained ground on Friday amid optimistic demand forecasts from the OPEC producer group and the... Updated 11 Aug, 2023 08:14pm
Print Oil benchmark Brent’s price structure reflects tighter market LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,... Updated 11 Aug, 2023 08:42am
Markets Saudi Arabia extends 1m bpd oil cut DUBAI: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to... Published 04 Aug, 2023 06:20am
Markets Asia crude imports hit high as China, India gorge on Russian oil: Russell LAUNCESTON: Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest buyers,... Published 03 Aug, 2023 11:00am
Markets Oil exports from Russia’s Baltic ports set to decline 11% for Aug 1-10 MOSCOW: Oil exports from Russia’s Baltic ports, Primorsk and Ust-Luga, were set at 1.6 million tonnes for August... Published 02 Aug, 2023 02:29pm
World Russia hits port, grain silo in Ukraine’s Odesa region Russian drones attacked port and grain storage facilities in the south of Ukraine’s coastal Odesa region in the... Published 02 Aug, 2023 11:04am
Markets Oil steadies near three-month high on tighter supplies LONDON: Oil hovered around three-month highs on Tuesday as investors focused on tightening global supplies and... Updated 01 Aug, 2023 06:32pm
Print Pakistan’s imports of Russian crude face port, refinery, currency constraints KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite... Updated 01 Aug, 2023 08:56am
Markets Russia starts crude shipments to Africa, boosts fuel sales Russia began shipping crude oil to Africa for the first time this year and more than tripled supplies of oil... Published 27 Jul, 2023 10:01am
Markets China hugely boosts crude stockpiling on cheap Russian oil LAUNCESTON, (Australia): China boosted its stockpiling of crude oil to the highest level in three years in June,... Published 27 Jul, 2023 06:26am
World US on ‘very narrow path’ to avoid recession: IMF chief economist WASHINGTON: The US economy is on a “very narrow path” to avoiding a recession, the International Monetary Fund’s... Published 25 Jul, 2023 06:36pm
Markets Russia plans to lower oil export discount to $20/bbl Russia’s finance ministry plans to cut the discount it uses to set taxes on the country’s crude oil exports to $20... Updated 25 Jul, 2023 11:09am
Print LNG supply: Framework agreement inked with Azerbaijan LAHORE: In a bid to help fulfill country’s energy requirements through cooperation in the fields of oil and gas,... Updated 25 Jul, 2023 09:34am
Markets Russia sets plans for oil export cuts in August MOSCOW: Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month... Published 14 Jul, 2023 05:33pm
Business & Finance Govt negotiating second cargo of discounted Russian crude ISLAMABAD: The State Minister for Petroleum, Dr Musadik Malik, on Wednesday said that talks with Russia are... Updated 13 Jul, 2023 09:11am
Markets Pakistan negotiating for a second discounted Russia crude shipment ISLAMABAD: Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, the South Asian... Updated 12 Jul, 2023 08:08pm
Markets India refiners start yuan payments for Russian oil imports: sources NEW DELHI: Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct... Published 03 Jul, 2023 03:37pm
Print LNG deal with Azerbaijan to help end gas crisis by next winter: Musadik ISLAMABAD: State Minister for Petroleum Musadik Malik Wednesday assured that Pakistan’s Liquefied Natural Gas (LNG)... Updated 22 Jun, 2023 08:59am