Russian oil output rises by 1% this month, says media report MOSCOW: Russian oil producers increased output by almost 1% in the first week of February from January, despite... Published 09 Feb, 2023 01:23pm
Markets Gulf nations to remain major oil suppliers to India for a ‘long time’, minister says BENGALURU: India, the world’s third-biggest oil importer and consumer, has diversified its sources of energy imports... Published 08 Feb, 2023 03:06pm
Markets Oil rises on China outlook, supply worries after Turkey earthquake Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and... Updated 07 Feb, 2023 09:15pm
Markets US oil may climb to $76.07 before falling SINGAPORE: US oil may climb to $76.07 per barrel, before turning around and resuming its downtrend. The strong rise... Published 07 Feb, 2023 09:42am
Markets Gasoil margins dip to almost one-year low SINGAPORE: Asia’s 10-ppm sulphur gasoil margins softened to almost a one-year low, against a backdrop of weaker ... Published 07 Feb, 2023 06:07am
Business & Finance EU reaches deal on Russian fuel price caps BRUSSELS: European Union member states on Friday reached agreement on price caps for Russian petroleum products,... Updated 04 Feb, 2023 10:16am
Business & Finance Indian refiners pay traders in dirhams for Russian oil NEW DELHI: Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in... Updated 04 Feb, 2023 10:15am
Print Russian oil supply likely by April Negotiations with Russia were finalised in 45 days: Petroleum State Minister Musadik Malik Updated 04 Feb, 2023 09:13pm
Markets EU seeks agreement on Russian fuel price caps BRUSSELS: EU member states looked to reach a deal on Friday on price caps for Russian petroleum products, ahead of... Published 03 Feb, 2023 05:39pm
World EU-Ukraine wartime summit to deliver on some issues, disappoint on others KYIV: European Union leaders will meet Ukrainian President Volodymyr Zelenskiy in Kyiv on Friday, bringing the... Published 03 Feb, 2023 10:51am
Markets US oil may retest resistance at $76.77 SINGAPORE: US oil may retest a resistance at $76.77 per barrel, a break above which could open the way towards... Published 03 Feb, 2023 09:57am
Markets Oil steadies as market eyes China recovery and EU embargo LONDON: Oil prices steadied on Friday but were on track for a second week of losses as the market awaited further... Updated 03 Feb, 2023 04:45pm
Markets Oil steadies on mixed economic data NEW YORK: Oil prices steadied on Thursday on mixed data about the state of the US economy and looming sanctions on... Published 03 Feb, 2023 06:17am
Markets Asia’s crude oil imports hit record high, but it’s not China: Russell LAUNCESTON: Asia’s imports of crude oil reached a record high in January, but the strength wasn’t driven by China,... Published 02 Feb, 2023 11:52am
Markets US oil may retest support at $76.07 SINGAPORE: US oil may retest support at $76.07 per barrel, a break below which could open the way towards... Published 02 Feb, 2023 11:30am
Markets Russian oil output, exports stable despite sanctions MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with oil output and... Published 01 Feb, 2023 08:26pm
Markets US oil may bounce moderately before falling SINGAPORE: US oil may bounce into a range of $78.36-$78.377 per barrel before retesting a support of $77.84. The... Published 31 Jan, 2023 10:20am
Markets Oil falls more than 1% on stronger dollar, rate hike worries LONDON: Oil prices fell by more than 1% on Tuesday, touching two-week lows on the prospect of further interest rate... Updated 31 Jan, 2023 06:52pm
Markets Oil slips as rate hikes loom and Russian flows stay strong LONDON: Oil slipped on Monday as looming increases to interest rates by major central banks and signs of strong... Published 31 Jan, 2023 06:45am
Business & Finance Russian gas supply hit pushes India’s GAIL to scout for long-term LNG NEW DELHI: GAIL (India) Ltd is scouting for long-term gas import deals and hopes to sign one contract shortly to... Published 30 Jan, 2023 08:21pm
Pakistan Pakistan facing adverse consequences of Ukraine conflict: FM Bilawal During official trip to Russia, Pakistan foreign minister calls for solving dispute through diplomacy Updated 30 Jan, 2023 07:05pm
Markets US oil may revisit Jan. 27 low of $79.04 SINGAPORE: US oil may revisit its Jan. 27 low of $79.04 per barrel as the uptrend from $72.46 may have reversed. The... Published 30 Jan, 2023 09:57am
Markets Asia’s refining cracks for VLSFO up SINGAPORE: Asia’s refining cracks for very low sulphur fuel oil (VLSFO) posted weekly gains of more than 25% on... Published 29 Jan, 2023 03:15am
Opinion It’s too late in the day Country’s decisions makers are known for not taking the right decisions at the right time. Two such late decisions... Updated 28 Jan, 2023 06:47am
Markets Russian gasoline to be sent to Pakistan as EU import ban looms Forteinvest has sold to a trader an initial 1,000-tonne lot of gasoline from its Orsk plant for delivery to Pakistan and has more requests to supply gasoline, diesel and LPG to the country Updated 27 Jan, 2023 10:55pm
Markets US oil neutral in $80.81-$81.76 range SINGAPORE: US oil looks neutral in a range of $80.81-$81.76 per barrel and an escape could suggest a direction. The... Published 27 Jan, 2023 09:30am
Markets Oil prices firm on upbeat US economic data LONDON: Oil prices rose for a second session on Friday, buoyed by stronger than expected U.S. economic growth,... Updated 27 Jan, 2023 04:41pm
Pakistan Pakistan, US in process of productive re-engagement: FO ISLAMABAD: The Foreign Office on Thursday refrained from making a direct comment on the Biden administration’s... Published 27 Jan, 2023 07:32am
Print Signing of deal in March: Refineries to get Russian oil by April-end Russian and Pakistani companies would sign agreements on spot purchase and long-term LNG contracts under the energy security plan Updated 27 Jan, 2023 09:02am
Pakistan US has no objection to Pakistan importing Russian oil: Price WASHINGTON: The United States of America has said that it has no objection to Pakistan importing Russian oil. ... Published 26 Jan, 2023 07:19am