Oil prices hit lowest since Ukraine invasion NEW YORK: Global oil prices dropped on Thursday to their lowest levels since before Russia’s February invasion of... Published 05 Aug, 2022 06:27am
Markets Oil prices surge $4/bbl as chances of OPEC+ supply boost dim NEW YORK: Oil prices jumped more than $4 a barrel on Friday as attention turned to next week’s OPEC+ meeting and... Published 30 Jul, 2022 03:39am
Markets OPEC+ production struggles widen to nearly 3mn bpd MOSCOW: The OPEC+ group produced almost 3 million barrels per day less crude than foreseen by its quotas in June as... Published 29 Jul, 2022 09:15pm
Markets Oil mixed as US gasoline demand rebounds but recessionary fears loom NEW YORK: Oil prices were mixed on Thursday, as concerns about a potential global recession that would knock energy... Published 29 Jul, 2022 06:14am
Markets Oil falls on additional SPR release, lower consumer confidence NEW YORK: Oil prices fell on Tuesday, paring gains made earlier in the session on lower consumer confidence and the... Published 27 Jul, 2022 05:23am
Markets Oil rises as dollar strength eases, but Fed weighs HOUSTON: Oil prices rose over 1% on Monday, bolstered by supply fears, a dip in the US dollar and stronger equity... Published 26 Jul, 2022 04:31am
Markets Oil prices rise 1pc on supply concerns after price cap on Russian oil HOUSTON: Oil prices rose more than 1% on Friday after Russia said it won’t supply crude to countries that decide ... Published 23 Jul, 2022 04:10am
Markets Oil slips on lacklustre US summer gasoline demand NEW YORK: Oil prices slipped on Wednesday, after US government data showed lower gasoline demand during the peak... Published 21 Jul, 2022 05:40am
Markets Oil rises 1pc as tight supply outweighs economic worries NEW YORK: Oil prices edged up about 1% to a two-week high in volatile trade on Tuesday as the market focused more on... Published 20 Jul, 2022 07:05am
Markets Oil jumps on Russia gas supply jitters, weaker dollar NEW YORK: Oil prices extended gains on Monday, boosted by mounting concerns over gas supply from Russia and a lower... Published 19 Jul, 2022 06:00am
Markets Brent crude settles below $100/bbl on higher dollar, weak demand outlook HOUSTON: Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in ... Published 13 Jul, 2022 05:48am
Markets Oil up nearly $5 as tight supply outweighs recession fears LONDON: Oil prices rose steeply on Thursday after sharp losses in the previous two sessions, as investors returned... Updated 07 Jul, 2022 08:17pm
Print Oil slides 2pc to 12-week low on fears of global recession NEW YORK: Oil prices slid about 2 percent to a 12-week low in volatile trade on Wednesday, extending the prior... Published 07 Jul, 2022 05:35am
Markets Oil rises as tight supply trumps recession fears • Brent and US crude both gain • OPEC’s June output missed target • Strike in Norway could cut output... Published 05 Jul, 2022 05:19am
Markets Oil up about $2/bbl as supply outages outweigh recession fears NEW YORK: Oil prices rose about $2 a barrel on Friday, recouping most of the previous session’s declines, as ... Published 02 Jul, 2022 04:10am
Markets Oil falls 2pc on uncertainty over future OPEC+ output NEW YORK: Oil prices sank over 2pc on Thursday as OPEC+ confirmed it would only increase output in August as much as... Published 01 Jul, 2022 06:13am
Markets Oil prices rise for fourth day on supply worries NEW YORK: Oil prices gained for a fourth straight session on Wednesday as data showed a drawdown in U.S. crude... Updated 29 Jun, 2022 09:04pm
Markets Oil rises 2pc, extends gains as major producers flag capacity limits NEW YORK: Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates... Published 29 Jun, 2022 05:44am
Markets Oil rises over 2pc, but still set for weekly drop on recession fears NEW YORK: Oil rose by more than 2% on Friday supported by tight supply, although crude was heading for a second... Published 25 Jun, 2022 04:42am
Business & Finance SBP urged to take steps for stopping rupee devaluation Vice President of PBF Ahmad Jawad says Pakistan cannot afford a 'dollarised' economy Updated 19 Jun, 2022 09:46am
Markets Oil slumps 7pc to four-week low on recession worries, strong dollar NEW YORK: Oil prices tumbled about 7% to a four-week low on Friday on worries that interest rate hikes by major... Published 18 Jun, 2022 06:00am
Markets Oil jumps to 13-week high on rising US gasoline demand NEW YORK: Oil prices jumped about 3% to a 13-week high on Wednesday as US demand for gasoline has kept rising ... Published 09 Jun, 2022 06:18am
Markets Oil extends bull run as EU agrees to ban most Russian oil HOUSTON: Oil prices extended a bull run on Tuesday after the European Union agreed to a partial and phased ban on... Published 01 Jun, 2022 05:53am
Markets Oil climbs above $121 a barrel as China eases restrictions LONDON: Oil prices climbed above $121 a barrel on Monday, hitting a two-month high as China eased COVID-19... Published 31 May, 2022 05:11am
Markets Oil jumps to 2-month high on tight supplies NEW YORK: Oil prices climbed about 3% to a two-month high on Thursday on signs of tight supply ahead of US summer... Published 27 May, 2022 05:50am
Markets Oil slips more than 2% on fears recession may hit demand LONDON: Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial... Updated 12 May, 2022 03:35pm
Markets Oil slips on uncertainty over Russia sanctions, demand in China NEW YORK: Oil prices slid after rising earlier in the session on Thursday amid uncertainty that the euro zone will ... Published 08 Apr, 2022 05:28am
Markets Oil benchmarks on course for biggest weekly losses in 2 years LONDON: Oil dipped in and out of negative territory on Friday as members of the International Energy Agency (IEA)... Published 02 Apr, 2022 04:14am
Markets Oil up over 2pc on tight supply, prospects of new Russia sanctions NEW YORK: Oil prices gained over 2% on Wednesday as another US crude stock drawdown indicated tight supplies and... Published 31 Mar, 2022 05:11am
Markets Oil jumps 5pc as Caspian pipeline disruption adds to supply fears • US crude stockpiles fall, output flat for 7th week in a row • Biden to meet NATO allies Thursday Published 24 Mar, 2022 05:36am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees