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Business & Economy Published 17 Mar, 2023 10:26am

Oil rebounds 1% as investors take stock of banking crisis

Brent crude futures rose by 81 cents to $75.51 a barrel

Business & Economy Published 14 Mar, 2023 09:26am

Oil prices fall $1 as SVB collapse spooks financial markets

Brent, WTI fall more than $1 in Asia morning

Business & Economy Published 13 Mar, 2023 11:35am

Oil prices tick up on China demand and weaker dollar

A weaker greenback makes oil cheaper for holders of other currencies

Business & Economy Published 03 Mar, 2023 11:36am

Oil set for weekly gain as China demand optimism trumps recession fears

Brent crude futures fell 31 cents, or 0.4%, to $84.44 a barrel

Business & Economy Updated 01 Mar, 2023 12:02am

Pakistan cuts price of petrol by Rs5

High speed diesel prices remain unchanged, Kerosene oil and LDO prices decreased

▶️ Business & Economy Updated 15 Feb, 2023 01:33am

Russia will sell oil to Pakistan at market-based price: envoy

Danila Ganich says work on gas pipeline could start ‘pretty fast’ depending on conclusion of agreements

Pakistan Updated 21 Jan, 2023 03:17pm

Pakistan moves closer to buying cheaper Russian crude oil supplies

Both countries in final stages of sorting out supply hiccups

Business & Economy Published 03 Jan, 2023 10:32am

Oil slides on worries on China, IMF slow-growth expectations

Market can’t expect rapid recovery of Chinese economy after three years of Covid curbs, says analyst Leon Li

Business & Economy Published 02 Jan, 2023 03:50pm

Gulf equities ring in new year on mixed note as oil, recession worries weigh

2023 is going to be a tough year, warns IMF

Business & Economy Published 27 Dec, 2022 11:55pm

Russia bans oil sales to countries that accept price cap

Putin would have authority to overrule the measures in special cases

World Published 26 Oct, 2022 12:51pm

Oil dips on US crude stock build, supply worries limit losses

Brent crude futures for December fell 72 cents, or 0.8 per cent, to $92.80 a barrel

Business & Economy Published 25 Oct, 2022 11:17am

Oil prices edge higher as dollar eases

US dollar index edges down in early trade; S&P Global survey says business activity weakens in October

Business & Economy Published 24 Oct, 2022 10:13am

Oil prices slide as China demand data disappoints

Independent refiners failed to utilise increased quotas amid lockdowns weighing on demand, says analyst

Business & Economy Published 19 Oct, 2022 11:50am

Pakistan expresses solidarity with Saudi Arabia on OPEC+ issue

FO encourages constructive approach based on engagement and mutual respect

Business & Economy Published 19 Oct, 2022 09:34am

Oil prices rise on supply woes

US crude stocks fall 1.3m bbls last week, shows API data

Business & Economy Published 14 Oct, 2022 01:06pm

Oil edges up on weaker dollar, low US diesel stocks

OPEC+'s output cut to keep supporting crude prices: analyst

Business & Economy Published 05 Oct, 2022 11:57pm

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

Saudi says West's criticism driven by wealth arrogance

Business & Economy Published 27 Sep, 2022 11:18am

Looming ban on Russian crude has the oil industry on tenterhooks

Oil Industries concerned European Union's ban on Russian crude imports come into effect

Business & Economy Updated 14 Jul, 2022 08:08am

We’re looking at an Rs18 cut in petrol prices

PM has to sign off on Ogra proposal

Business & Economy Published 29 Jun, 2022 08:26pm

Govt makes a move towards Russian crude import, urges refineries to furnish analysis

Pakistan looks toward cheaper alternatives to meet growing energy needs

World Published 28 Jun, 2022 04:42pm

India rupee hits record low on higher global crude prices

India shares close at over 2-week high as tech

Business & Economy Published 15 May, 2022 04:42pm

Saudi Aramco says Q1 profits jump 82% as oil prices surge

Aramco dethroned Apple as the world's most valuable company, with shares worth $2.42 trillion compared to Apple's $2.37 trillion.

Business & Economy Published 09 May, 2022 10:19pm

Oil prices tumble, weighed down by China lockdowns

Crude imports by China in the first four months of 2022 fall 4.8% from a year ago

Business & Economy Published 26 Apr, 2022 09:52pm

Oil rebounds from drop on China demand concerns

Brent rises by $2/bbl after the People's Bank of China says it will step up monetary policy support to the real economy

Business & Economy Published 20 Apr, 2022 05:00pm

Oil rebounds as supply concerns dominate

Global oil prices have been pulled higher by a tighter supply outlook after sanctions against Russia

Business & Economy Published 11 Apr, 2022 08:41pm

Oil market sinks on China demand fears

US benchmark oil West Texas Intermediate dives as low as $92.93 per barrel and European Brent hits $97.57

Business & Economy Published 07 Apr, 2022 05:15pm

Oil rises from 3-week low as supply concerns linger

Brent crude futures climb $1.42 or 1.4%, to $102.52 a barrel, while US WTI crude futures rise $1.55, or 1.6%, to $97.78 a barrel