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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

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 31 Mar, 2023 10:10pm

Petrol, diesel prices stay unchanged despite OGRA recommendations

Prices to remain the same until April 15

Business & Economy Published 20 Mar, 2023 11:06am

Oil falls as banking concerns persist, likely Fed rate hike

Brent crude futures for May settlement slid 68 cents, or 0.9%, to $72.29 a barrel

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 12 Mar, 2023 02:43pm

Saudi Aramco reports ‘record’ $161b profit for 2022

Its net income for 2022 was up 46% from $110 billion in 2021

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 Published 15 Feb, 2023 10:25am

Oil prices forcing people to get rid of vehicles

Dollar shortage and ban on LCs have also contributed to decline in car sales

▶️ 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 10 Feb, 2023 05:58pm

Dar announces plans for mini-budget with Rs170 billion in new taxes

Says IMF recommendations are in Pakistan's interest

Pakistan Published 08 Feb, 2023 05:11pm

OGRA identifies 19 illegal fuel storages in Punjab

Many cities in Punjab are seeing oil shortages

Business & Economy Updated 28 Jan, 2023 11:44am

Russian petrol to be ‘sent to Pakistan’ as EU import ban looms

Foreign Minister Bilawal due to meet Russian counterpart Lavrov on Jan 30

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 Updated 15 Jan, 2023 05:13pm

Petrol prices to remain unchanged till Jan 31: Dar

Petrol to cost Rs214.80, diesel Rs227.80, kerosene oil Rs171.83 and light diesel oil Rs169 per litre

Business & Economy Published 10 Jan, 2023 02:08pm

Oil steady as clarity on Fed rate hike awaited

Fed policymakers say fresh inflation data will help them decide whether they can slow pace of interest rate hikes

Business & Economy Updated 09 Jan, 2023 02:29pm

Oil rises on demand optimism as China borders reopen

China reopens borders in final farewell to zero-Covid; Hopes of slower US interest rate hikes boost risk sentiment

Business & Economy Published 05 Jan, 2023 11:18pm

Afghanistan’s Taliban administration in oil extraction deal with Chinese company

Investment would increase to $540 million in three years for the 25-year contract, says Zabihullah Mujahid

Business & Economy Published 05 Jan, 2023 04:03pm

Oil rebounds after biggest drop in decades at start of year

Big declines in the previous two days were driven by worries about a global recession

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