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Business & Economy Published 11 Jun, 2023 05:36pm

OPEC+ working against ‘uncertainities and sentiment’, says Saudi minister

Says new Opec+ deal would be rewarding for those who were investing to grow their production capacity

Business & Economy Published 31 May, 2023 11:15pm

Govt reduces petrol prices by Rs8

Diesel price also decreased by by Rs5 Fuel Old Price New...

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 25 May, 2023 11:47pm

Electricity price hiked by 70 paisas per unit

Prices of oil go down at utility stores

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 Published 16 May, 2023 09:56am

Oil gains on US plans to refill reserves, supply concerns

Both benchmarks rose more than 1% on Monday

Business & Economy Published 15 May, 2023 11:12pm

Govt decreases petrol price by Rs12

Diesel price decreased by Rs30.

Business & Economy Published 15 May, 2023 09:23am

Oil falls as economic concerns offset prospect of tighter supplies

Investors sought safe havens such as the U.S. dollar

Business & Economy Published 09 May, 2023 11:56am

Saudi Aramco banks $31.9b in first quarter, down 19%

We are moving forward with our capacity expansion

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

World Published 03 May, 2023 03:55pm

Iran forces seize second oil tanker in six days: US Navy

The tanker, Niovi, was sailing from Dubai towards Fujairah

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 Published 30 Apr, 2023 01:38pm

Petrol prices could decrease by Rs5-7: reports

Ishaq Dar will consult the PM before making an announcement

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 27 Apr, 2023 08:33am

Oil prices find some support after heavy losses on US recession fears

Brent crude was trading at $77.94 a barrel

Business & Economy Published 26 Apr, 2023 10:26am

Oil rises as falling US inventories refocus market on demand

Brent crude climbed by 30 cents

Business & Economy Published 25 Apr, 2023 10:24am

Oil prices stable as investors ponder China demand, rate hikes

Brent crude rose 4 cents to $82.77 a barrel at 0345 GMT

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 18 Apr, 2023 11:38am

Oil edges up as China’s economy gathers pace

China’s economy grew at a faster-than-expected clip in the first quarter

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

Business & Economy Published 17 Apr, 2023 05:27pm

Saudi Arabia crude exports slip in February

Fell to 7.46 million barrels per day

Business & Economy Updated 16 Apr, 2023 12:26am

Govt increases Rs10 on petrol price amid hike in international market

Diesel price has been kept unchanged

Business & Economy Published 03 Apr, 2023 01:06pm

Oil prices jump, markets narrow odds on Fed hike

Oil prices surged on Monday after Saudi Arabia

Business & Economy Published 03 Apr, 2023 11:55am

Oil spike a black mark for inflation, consumer demand

A look at the day ahead in European and global markets from Wayne Cole