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
Markets India’s Russian oil buying scales new highs in May NEW DELHI: India’s rising imports of Russian oil hit a record high of about 1.95 million barrels per day (bpd) in... Published 21 Jun, 2023 06:23pm
Pakistan ‘Same discount as for others’: Russian minister says Pakistan not receiving ‘special’ rate Energy minister Nikolai Shulginov also says Russia agreed payment would be made in currencies of friendly countries Updated 17 Jun, 2023 10:07pm
Business & Finance OPEC+ oil output cuts are non-political: Putin MOSCOW: Russian President Vladimir Putin said on Friday that decisions made by the OPEC+ group to cut oil production... Updated 17 Jun, 2023 06:58am
Print FO defends procurement of crude oil from Russia ISLAMABAD: Foreign Office on Thursday defended Pakistan’s procurement of “affordable” crude oil from Russia as a... Updated 16 Jun, 2023 09:03am
Markets Russia resumes oil exports to North Korea after long pause SEOUL: Russia resumed oil exports to North Korea in December, United Nations data shows, the first such shipments... Published 14 Jun, 2023 06:45pm
Pakistan Paying for Russian oil in Chinese Yuan Pakistan’s own choice: US US State Department spokesperson Matthew Miller says price cap imposed on Russian oil by Washington and allies has driven down price Updated 14 Jun, 2023 12:26pm
Markets China increases oil import quotas 20% on year ago SINGAPORE/BEIJING: China has issued a third batch of 2023 crude oil import quotas, raising the total volume in the... Published 14 Jun, 2023 09:01am
Business & Finance More crude oil will be imported from Russia: Musadik ISLAMABAD: Minister of State for Petroleum, Dr Musadik Malik on Tuesday said additional crude oil would be imported... Published 14 Jun, 2023 06:21am
Markets Cannot disclose commercial terms of contract, says Musadik Malik on Russian oil deal State Minister for Petroleum Musadik Malik on Tuesday said the government cannot disclose its contractual terms of... Updated 13 Jun, 2023 07:10pm
Markets Russian oil: experts say ‘trial run’ vital to identify viability for Pakistan Currently, details are not available, which makes it harder to assess cost impact for consumers Updated 13 Jun, 2023 11:21pm
World State of emergency around fuel tanker crash site in Russia’s Irkutsk region A state of emergency was introduced around the area where two fuel tankers collided on the Lena River in... Published 13 Jun, 2023 11:16am
Markets Oil prices rise on bargain hunting as demand worries weigh LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s... Updated 13 Jun, 2023 07:24pm
Business & Finance Payment made in Chinese currency: govt ISLAMABAD: Pakistan paid for its first government-to-government import of discounted Russian crude in Chinese... Published 13 Jun, 2023 06:00am
Markets Pakistan’s Russian crude shipment paid for in Chinese currency: Musadik Malik Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, State Minister for... Updated 12 Jun, 2023 11:49pm
Pakistan Budget places emphasis on ‘growth-inducing’ sectors: PM Shehbaz Says procurement of crude oil from Russia is part of energy security plan Published 12 Jun, 2023 03:56pm
Markets US oil may fall into $67.03-$68.12 range SINGAPORE: US oil may break a support at $68.93 per barrel, and fall into $67.03-$68.12 range. The bounce from the... Published 12 Jun, 2023 10:19am
Markets Oil prices fall, US Fed rate decision in focus LONDON: Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite... Updated 12 Jun, 2023 05:50pm
Print First-ever crude-laden Russian ship arrives KARACHI/ISLAMABAD: The first-ever Russian oil ship carrying over 45,000 metric tons of crude has arrived at Karachi... Updated 12 Jun, 2023 08:41am
Pakistan First cargo of discounted Russian crude arrives in Karachi, says PM Shehbaz Says this is beginning of a new relationship between Pakistan and Russia Published 11 Jun, 2023 08:43pm
Markets US oil may extend loss into $67.48-$68.37 range SINGAPORE: US oil may extend loss into a range of $67.48 to $68.37 per barrel, driven by a wave c. This wave has... Published 31 May, 2023 02:48pm
World Drones hit several buildings in Moscow Drones hit several buildings in Moscow causing “minor” damage and no serious injuries, the mayor of the Russian... Published 30 May, 2023 10:43am
Print Russian oil: first shipment likely to reach by first week of June KARACHI: The first shipment of Russian crude oil is expected to hit Pakistani port during first week of June... Updated 30 May, 2023 09:18am
Markets Saudi diesel imports from Russia, exports to Singapore hit records SINGAPORE: Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of... Published 29 May, 2023 02:12pm
World Japan unveils new sanctions on Russia over Ukraine invasion TOKYO: Japan announced fresh sanctions against Russia on Friday over its invasion of Ukraine, targeting its military... Published 26 May, 2023 10:20am
Markets US oil may retest support at $70.91 SINGAPORE: US oil may retest a support at $70.91 per barrel, a break below which could open the way towards... Published 26 May, 2023 10:00am
Markets Oil prices up 1% as US closes in on debt deal HOUSTON: Oil prices rose 1% on Friday as U.S. officials appeared close to striking a debt ceiling deal, and as the... Updated 26 May, 2023 10:07pm
Markets Pakistan will see $10bn investment in refinery sector 'very soon': Musadik Malik Says its details cannot be shared at the moment, pitches Pakistan as 'investment-friendly' country Updated 25 May, 2023 07:23pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees