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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

Blog Published 22 Oct, 2022 10:53am

Will the global energy shock spark a worldwide energy efficiency drive?

This year holds opportunity to boost efficiency levels of energy systems

World Published 19 Oct, 2022 01:11pm

Biden to release 15m barrels from US oil reserves: official

President is making clear that the administration is prepared to undertake significant additional sales this winter, says senior US official

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 13 Oct, 2022 05:35pm

Saudi Arabia says Opec+ oil cut ‘purely economic’

IEA warns move could tip world into recession

World Published 11 Oct, 2022 07:40pm

Biden to ‘re-evaluate’ Saudi ties after OPEC snub: W.House

Saudi-led OPEC agreed last week to reduce output by two million barrels a day from November

Business & Economy Published 11 Oct, 2022 01:52pm

Oil falls on recession fears and China Covid worries

World Bank and IMF see rising risks of global recession

Business & Economy Published 10 Oct, 2022 02:59pm

Oil falls as China demand concerns fuel recession fears

OPEC+ decision on big supply curbs boosted prices

Business & Economy Published 08 Oct, 2022 09:55pm

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

Start producing more oil of your own if you need it, Saudi tells US

Business & Economy Published 04 Oct, 2022 12:01pm

Oil jumps about $4 as OPEC+ weighs biggest output cut since 2020

OPEC+ considers cut of more than 1m bpd, say sources

Business & Economy Published 30 Sep, 2022 08:58am

Oil holds steady on prospect of OPEC+ output cut, weaker dollar

Brent crude futures for November inched down 10 cents or 0.1% to $88.39 a barrel

Business & Economy Published 28 Sep, 2022 11:00am

Oil prices slip as dollar scales new peak

Dollar hits fresh two-decade peak against a basket of currencies on the back of rising Treasury yields

Business & Economy Published 27 Sep, 2022 12:23pm

Oil rises as focus turns to possible supply cuts

Dollar comes off 20-year highs touched on the previous day, providing some relief to oil market

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 Published 21 Sep, 2022 12:26pm

Oil prices tick up on supply woes but Fed rate hike bets cap gains

Opec+ producer grouping falling a record 3.58m barrels per day short of its production targets

Business & Economy Updated 21 Sep, 2022 09:10am

Petrol price goes up

Retains high speed diesel price; cuts light diesel and kerosene rates

Videos Published 19 Sep, 2022 02:17pm

Oil falls more than 1% on demand fears, strong dollar

Strong dollar weighs as Fed rate decision looms

Business & Economy Published 17 Sep, 2022 03:33pm

Decision on new petrol prices expected today

Govt, finance ministry at odds over new fuel rate

Business & Economy Published 16 Sep, 2022 12:18pm

Decision to up petrol price ‘delayed for now’

Petroleum levy has to be increased by Rs50 under IMF conditions; oil extends losses on recession fears

World Published 15 Sep, 2022 10:50am

Putin, Xi meet for high-stakes talks in challenge to West

Xi and Putin will be join by the leaders of India, Pakistan, Turkey, Iran and other countries for the meeting SCO in the Uzbek city

Business & Economy Published 12 Sep, 2022 04:13pm

Oil prices drop amid China Covid curbs, possible rate hikes

China's oil demand could contract for the first time in two decades this year

Business & Economy Published 12 Sep, 2022 03:59pm

Indian shares rise on IT, metals boost; inflation data in focus

India's retail inflation likely snapped a three-month downward trend in August as food prices surged, poll shows

Business & Economy Published 08 Sep, 2022 12:02pm

Oil prices climb on tight supply worries

European Central Bank is expected to raise interest rates sharply

Business & Economy Published 05 Sep, 2022 11:34am

Oil prices climb more than $1/bbl ahead of OPEC meeting

Negotiations dragged on in attempts to revive the revival the West's 2015 nuclear deal with Iran

World Published 02 Sep, 2022 05:58pm

Blast rocks oil refinery in Iran’s southwest: state media

State news agency says explosion due to accident, no casualties

Business & Economy Published 16 Aug, 2022 10:28am

Petrol price jacked up, diesel, kerosene rates cut

Decision taken in view of fluctuation in oil prices in international oil market

Business & Economy Published 15 Aug, 2022 12:12pm

Saudi Aramco unveils record profits as oil prices soar

Net income rose 22.7 percent from Q1 in “strong market conditions”

World Published 30 Jul, 2022 05:33pm

Supporters of Iraqi cleric Sadr storm back into Baghdad’s Green Zone

Sadr’s party came first in last election but he withdrew his lawmakers from parliament when he failed to form a govt sans Iran-backed rivals