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Business & Economy Published 22 Jan, 2024 05:35pm

Oil creeps higher as geopolitics outweigh demand concerns

Brent crude rose 22 cents to $78.78 a barrel by 1141 GMT

Business & Economy Published 19 Jan, 2024 04:37pm

Oil prices tick up as markets weigh Middle East tensions, supply forecasts

North Dakota oil output remains 40% lower due to cold weather

Business & Economy Published 18 Jan, 2024 06:17pm

Oil prices rise on strong IEA and OPEC demand estimates

OPEC expects robust oil demand growth in 2025

Business & Economy Published 16 Jan, 2024 04:54pm

Oil prices increase as Middle East tensions rise

Brent crude futures gained 77 cents, or about 0.99%, to $78.92 a barrel at 1014 GMT

Business & Economy Published 15 Jan, 2024 05:12pm

Oil slips despite Middle East conflict

Conflict has also held up at least four liquefied natural gas tankers travelling in the area

Business & Economy Published 12 Jan, 2024 04:47pm

Oil jumps as US, UK strike on Houthis sparks safe-haven push

Dollar edged up against basket of major currencies, as did gold, which benefitted from investor risk aversion

Business & Economy Published 11 Jan, 2024 09:56pm

Oil prices firm as Middle East tensions heat up

Iran seizes tanker off Omani coast

Business & Economy Published 09 Jan, 2024 05:42pm

Oil rises $1 as Middle East crisis, inflation fight in focus

Hapag-Lloyd to continue avoiding Red Sea/Suez Canal

Business & Economy Published 09 Jan, 2024 01:26pm

Oil prices predicted to fall as production declines

Manufacturing and construction has slowed down across the world, affecting demand

Business & Economy Published 08 Jan, 2024 04:31pm

Oil slides as Saudi price cuts counter Middle East worries

Saudi Aramco cuts price for key crude grade to Asia

Business & Economy Published 05 Jan, 2024 05:04pm

Oil prices rise on Middle East tensions

Euro zone inflation rose in December

Business & Economy Published 04 Jan, 2024 04:22pm

Oil extends gains on Middle East supply worries

Shutdown of Libya's Sharara oilfield tightens supply

Business & Economy Published 03 Jan, 2024 04:47pm

Pakistan stocks close higher as KSE-100 gains 297 points

The 100-Index settled at 64,646.84 levels at the closing

Business & Economy Published 03 Jan, 2024 12:16am

Crude oil prices may remain low in early 2024, say analysts

Rates stayed low in November, December due to weaker global economy

Business & Economy Published 02 Jan, 2024 04:16pm

Oil prices jump after US forces repel Houthis in Red Sea

Brent crude rose $1.28, or 1.7%, to $78.32 a barrel by 0438 GMT

Business & Economy Published 31 Dec, 2023 09:42am

Explained: Secretive mechanism behind Pakistan’s petrol prices

Govt follows a pricing formula to determine rates

Business & Economy Updated 30 Dec, 2023 08:52am

Oil prices shed 10% in 2023 as supply, demand concerns weigh

Europe-bound diesel, jet fuel cargoes divert from Red Sea

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

World Published 27 Dec, 2023 11:14pm

Russia says redirected most oil exports to China, India

Moscow was hit by Western sanctions over the Ukraine conflict

Pakistan Published 18 Dec, 2023 10:48am

Transport fares to go down by 10% in Punjab

Interim setup says impact of fuel price cut should reach masses

Business & Economy Published 15 Dec, 2023 08:41am

Oil prices on track for first weekly rise in two months

World oil consumption will rise by 1.1 million barrels per day in 2024

Business & Economy Published 30 Nov, 2023 11:19pm

Govt keeps petrol price unchanged, slashes HSD by Rs7

Rates of Kerosene oil, light diesel oil were cut by Rs3.82 and Rs4.52 respectively

Business & Economy Published 28 Nov, 2023 05:47pm

Oil rises, Brent tops $80 ahead of OPEC+ meeting

OPEC+ meets on Thursday to set policy

Business & Economy Published 17 Nov, 2023 11:46am

Oil prices on track for fourth straight week of declines

"Oil prices are down slightly this year despite demand exceeding our optimistic expectations," Goldman Sachs analysts said in a note.

Business & Economy Published 25 Oct, 2023 10:14am

Oil little changed as economic concerns offset Middle East supply worries

Countries are pushing for a pause or ceasefire in fighting between Israel and Hamas

Business & Economy Published 19 Oct, 2023 01:13pm

Pakistan signs long-term agreement for Russian oil

The frist commercial cargo is expected to arrive in December

Business & Economy Published 12 Oct, 2023 10:25am

Oil falls further on US stock build, easing supply concerns

U.S. crude oil stockpiles swelled by about 12.9 million barrels

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 Updated 09 Oct, 2023 06:34pm

Oil prices jump as Israel-Hamas tension rise

Kremlin warns there is a ‘high risk’ of a third party entering the war

Business & Economy Updated 05 Oct, 2023 05:18pm

Petrol price likely to go down by up to Rs22: sources

International price of oil and dollar rate have been falling in recent weeks