OPEC+ panel unlikely to tweak oil policy LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next ... Published 25 Jan, 2023 06:25am
Markets Physical oil market starts year with a rally on China demand, Russia sanctions LONDON/NEW YORK/SINGAPORE: Crude oil prices in much of the world’s physical markets have started the year with a... Published 23 Jan, 2023 04:41pm
Markets Yellen says Russian oil price cap could save African countries $6bn annually DAKAR: Russia’s war against Ukraine is hitting Africans particularly hard by exacerbating food insecurity and... Published 23 Jan, 2023 08:13am
Print Oil purchases from Russia: Payments will be in currencies of ‘friendly’ states Russia’s energy minister says both sides have drafted an agreement to sort out issues like transportation, insurance, payments and loadings Updated 21 Jan, 2023 08:58am
Print Govt wants to meet 35pc of oil requirement through Russia: Musadik ISLAMABAD: State Minister for Petroleum, Musadik Malik Friday said that Pakistan wanted to import 35 percent of its... Updated 21 Jan, 2023 08:51am
Print Crude oil and oil products: agreement to be signed by March ISLAMABAD: Pakistan and Russia have decided to draft an agreement on crude oil and oil products supply by late March... Updated 21 Jan, 2023 11:41am
Markets Yellen says Russian oil price cap could save African countries $6bn annually DAKAR: Russia’s war against Ukraine is hitting Africans particularly hard by exacerbating food insecurity and... Published 20 Jan, 2023 06:47pm
Markets Pakistan will pay for Russian energy purchases in currency of friendly countries: Russian official Russian energy minister says both countries have agreed on late March as timeline for crude oil export to Pakistan Updated 20 Jan, 2023 05:56pm
Print PM and Russian minister discuss oil and gas LAHORE: A delegation led by Russian Energy Minister Nikolay Shulginov on Thursday called on Prime Minister Shehbaz... Updated 20 Jan, 2023 08:47am
Markets India’s Russian oil binge drags down OPEC’s share to lowest in 2022 NEW DELHI: Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases,... Published 17 Jan, 2023 09:32pm
Business & Finance Fuel talks with Russia begin today ISLAMABAD: Pakistan will hold bilateral talks with a Russian delegation on Tuesday, on long-term oil and liquefied... Published 17 Jan, 2023 07:05am
Markets Europe boosts Russian diesel buying ahead of ban set to rock market LONDON: European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 European... Published 16 Jan, 2023 09:37pm
Markets Discounted oil: Russian delegation to reach Pakistan tomorrow A high-level delegation from Russia, including its minister for energy, will reach Pakistan on Tuesday (January 17)... Published 16 Jan, 2023 04:54pm
Markets US oil may retest resistance at $80.26 SINGAPORE: US oil may retest a resistance at $80.26 per barrel, a break above which could lead to a gain into... Published 16 Jan, 2023 10:55am
Opinion Russian oil shipped to Asia in Chinese supertankers amid ship shortage At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and... Published 15 Jan, 2023 04:01am
Print Russia all set to discuss oil, LNG deals during IGC Islamabad and Moscow are already in close contact to import Russian wheat Updated 13 Jan, 2023 11:05am
Markets US oil poised to rise into $82.12-$82.81 range SINGAPORE: US oil is poised to break a resistance at $81 per barrel, and rise into a range of $82.12 to $82.81. The... Published 03 Jan, 2023 11:21am
Markets China to receive Russian Arctic oil cargo in February SINGAPORE: China is set to receive in February a cargo of Russian crude oil produced from Arctic fields, the second... Published 02 Jan, 2023 07:00am
Markets Russia set to export large volume of diesel before EU sanctions Russia is set to increase its diesel exports next month before European Union sanctions on crude oil start in... Published 30 Dec, 2022 06:21pm
World Poland ready for Russian oil ban, says minister WARSAW: Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate... Published 29 Dec, 2022 06:15pm
Business & Finance Russia did not consult OPEC+ over oil cap response: Kremlin MOSCOW: Russia did not consult with OPEC+ on its response to a Western price cap on Russian oil, Kremlin spokesman... Updated 29 Dec, 2022 08:48am
Markets ‘No practical effect’ of Russian oil exports ban on Germany BERLIN: A Russian decree that bans the supply of crude oil and oil products to countries abiding by a Western price... Published 28 Dec, 2022 05:17pm
Markets Putin bans Russian oil exports to countries that imposed price cap MOSCOW: President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing... Published 27 Dec, 2022 10:01pm
Markets Oil price cap may widen Russia’s 2023 budget deficit, says FinMin MOSCOW: Russia’s budget deficit could be wider than a planned 2% of GDP in 2023 as an oil price cap squeezes export... Published 27 Dec, 2022 03:22pm
Markets Long-term: Russia can send its natural gas to Afghanistan, Pakistan, says deputy PM Novak In interview with TASS news agency, deputy prime minister says Russia ready to resume gas supplies to Europe via Yamal-Europe pipeline Updated 26 Dec, 2022 04:46pm
Markets Russia overtakes KSA as China’s top crude supplier in Nov SINGAPORE: China’s crude oil imports from Russia rose 17% in November from a year earlier, as Chinese refiners... Published 26 Dec, 2022 06:31am
Business & Finance Rouble plunges below 68 per dollar MOSCOW: The Russian rouble slumped past 68 per US dollar to a more than seven-month low on Monday, hurt by low oil... Published 20 Dec, 2022 05:58am
Markets US oil may fall towards $56.07-$62.43 range in Q1 SINGAPORE: US oil may break a support at $70.29 per barrel in the next quarter and fall towards $56.07-$62.43... Published 19 Dec, 2022 02:08pm
Business & Finance Discounted crude, refined products: Pakistan-Russia IGC to meet in Jan ISLAMABAD: Pakistan-Russia Inter-Governmental Commission (IGC) would arrive in January 2023 for negotiation on... Updated 17 Dec, 2022 09:35am
Markets India to remain top buyer of Russia’s Urals crude in Dec MOSCOW: India is taking most of Russia’s Urals crude oil loading in December as it remains top buyer for a second... Published 16 Dec, 2022 07:36pm