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Business & Economy Updated 28 Dec, 2023 01:12pm

Oil prices stabilise as Red Sea transport disruptions ease

Some major shippers return to Red Sea routes

Business & Economy Published 10 Oct, 2023 09:34am

Oil dips on investor caution as market eyes Middle East turmoil

Oil prices eased on Tuesday after rallying more than 4% in the previous session

Business & Economy Published 02 Oct, 2023 05:52pm

Cnergyico imports Pakistan’s first private-sector Russian crude cargo

Cnergyico plans to sell gasoline and diesel refined from the Urals crude locally

Business & Economy Updated 17 Sep, 2023 09:24pm

Soaring oil rate to fuel global inflation

Oil price rises towards $100 a barrel

Business & Economy Published 17 Aug, 2023 08:46am

Oil prices wobble on jitters over China economy, US rates path

Brent crude futures were up 8 cents, or 0.1%, at $83.53 a barrel

Business & Economy Published 27 Jul, 2023 07:45pm

Pakistani oil companies join hands with Aramco for $10b refinery project

Project envisions setting up integrated refinery petrochemical complex

Business & Economy Published 28 Jun, 2023 07:19pm

Minister: Pakistan plans offshore drilling to meet energy needs

Govt will introduces measures to end monopoly in petroleum sector, say Musadik Malik

▶️ Business & Economy Published 28 Jun, 2023 12:14am

Oil supply to Pakistan not ‘charity’, says Russian Ambassador Danila Ganich

Cites Russian oil supply to Pakistan will continue if it is beneficial for both countries

Business & Economy Updated 13 Jun, 2023 12:13am

Russian crude shipment paid in Chinese currency: Musadik Malik

Russian oil imports commercially viable, says petroleum minister

Business & Economy Updated 13 Jun, 2023 04:04pm

What petroleum products Pakistan can extract from Russian Crude Oil?

The ship anchored at the Karachi port with 45,142 metric tonnes of crude oil

Business & Economy Updated 11 Jun, 2023 11:07pm

First cargo of Russian crude oil for Pakistan reaches Karachi

PM Shehbaz says crude oil will begin oil discharge on Monday

Business & Economy Published 29 May, 2023 09:28am

Oil rises after US leaders strike provisional debt deal

Brent crude futures climbed 66 cents, or 0.9%, to $77.61 a barrel

Business & Economy Published 26 May, 2023 08:42am

Oil falls on conflicting OPEC+, Russia messages amid stronger dollar

Crude prices are weakening as king dollar returns, says senior market analyst

Business & Economy Published 26 May, 2023 08:24am

Oil steady as markets await clarity on OPEC’s next policy move

Brent crude slipped 4 cents to $76.22 a barrel

Business & Economy Published 22 May, 2023 08:30am

Oil slips as US debt caution offset supply concerns

Brent crude futures fell 48 cents, or 0.6%, to $75.10 a barrel

Business & Economy Published 19 May, 2023 08:49am

Oil prices fall on strong dollar, sticky inflation

Brent futures were down 2 cents at $75.84 a barrel

Business & Economy Updated 08 May, 2023 01:32pm

Pakistan ‘leaks Rs10.2b every month’ due to Iranian diesel smuggling

Average sales of diesel fell to 15,000 tonnes by mid-February 2023

Business & Economy Published 08 May, 2023 09:01am

Oil prices creep higher as recession fears begin to fade

US CPI, China economic indicators in focus this week

Business & Economy Updated 05 May, 2023 01:15pm

Oil rises but stays on track for third weekly decline

It has been a double whammy for oil prices, says market strategist Jun Rong Yeap

Business & Economy Published 04 May, 2023 08:16am

Oil prices recover after three-day plunge; demand worries linger

Oil prices fall over 9% so far this week

Business & Economy Published 02 May, 2023 10:01am

Oil holds steady as economic fears weigh against potential crude draw

Brent crude was up by 7 cents to $79.38 a barrel

Business & Economy Updated 01 May, 2023 11:25am

Oil prices drop as US rate hike fears, weak China data offset supply cuts

Fresh OPEC+ output cuts of 1.16 mln bpd in effect from Monday

▶️ Business & Economy Updated 28 Apr, 2023 09:45pm

Pakistan gives green signal to over $10b worth of oil refinery

Junior petroleum minister says PM Shehbaz Sharif has approved comprehensive energy conservation policy

Business & Economy Published 28 Apr, 2023 05:39pm

Oil heads for another monthly decline as weak US data weighs

Brent crude futures for June were up 42 cents, or 0.5 per cent, at $78.79 a barrel

Business & Economy Published 20 Apr, 2023 01:37pm

Pakistan buys its first cargo of discounted Russian crude oil

Pakistan’s purchase gives Russia a new outlet for its crude

Business & Economy Published 19 Apr, 2023 12:11am

Oil prices steady as strong China data offsets US rate worries

China's economy grows better-than-expected 4.5% in Q1

Business & Economy Published 17 Apr, 2023 08:44pm

Oil drops over 1% on higher dollar, interest rate concerns

US dollar, interest rate concerns pressure oil

World Published 11 Apr, 2023 05:44pm

Russia starts fuel supplies to Iran by rail: reports

Iran has been under Western sanctions for years

Business & Economy Published 03 Apr, 2023 08:06am

Oil prices soar almost 6% after OPEC+ output cut

The reduction came on top of a Russian decision to extend a cut of 500,000 barrels per day

Business & Economy Updated 02 Apr, 2023 11:07pm

OPEC+ announce surprise oil cuts of around 1.16 mbpd from May to year-end

Unexpected move comes ahead of Monday ministerial meeting