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Business Published 28 Mar, 2022 11:47pm

Oil slides on concerns of weaker Chinese demand

Brent crude futures slide as low as $111.17

Business Published 28 Mar, 2022 03:14pm

UAE will work with OPEC+ to stabilise oil market, says energy minister

Mazrouei cites UAE was doing 'its best' to raise capacity to 5 million bpd

Business Published 28 Mar, 2022 11:58am

Oil falls as Shanghai lockdown boosts fears over weaker demand

Brent crude futures slid as low as $116.00 a barrel and were trading down $3.09, or 2.6%, at $117.56 at 0340 GMT

Pakistan Published 26 Mar, 2022 10:55am

Govt approves 10% tax relief on edible oil import for next two months

Takes decision to deal with expected shortfall in Ramzan due to hike in prices

Business Published 24 Mar, 2022 11:05pm

Canada to boost oil exports to displace Russian energy

The country announces it will boost oil exports by about five percent to help address supply shortages

Business Published 23 Mar, 2022 04:11pm

Oil rises in volatile trade on supply concerns from Russia sanctions

The market remains on edge over the prospect of further sanctions on Russia

Business Updated 22 Mar, 2022 01:49pm

Oil prices soar on Saudi, Russian supply fears

Wall Street dipped after Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates

Must Read Published 21 Mar, 2022 01:54pm

Oil jumps as EU mulls Russian ban, Saudi refinery output hit

Brent crude futures climbed $3.44, or 3.2%, to $111.37 a barrel by 0443 GMT

Pakistan Published 21 Mar, 2022 08:21am

IMF seeks more details of funding of PM’s relief package

Finance czar says agreements will be shared with IMF today and final meeting will be held with them tomorrow

Business Published 20 Mar, 2022 11:40pm

Saudi Aramco reports profit surge on day sites hit by Yemen rebels

The company says Aramco's net income increased by 124 percent to $110.0 billion in 2021

Pakistan Published 20 Mar, 2022 10:08am

IMF characterises discussions with Pakistan ‘constructive’

IMF Communication Director Gerry Rice says discussions on programme’s key objectives are ongoing

World Published 19 Mar, 2022 01:34pm

India's oil imports from US to rise, amid criticism for Russian purchases

India's oil imports from the United States will rise by 11 per cent this year, officials said on Saturday, as the...

Business Published 18 Mar, 2022 01:26pm

Oil jumps on lack of progress in Russia-Ukraine talks

US West Texas Intermediate crude futures climbed $2.75, or 2.7%

Pakistan Published 18 Mar, 2022 09:15am

IMF having ‘constructive talks’ with Pakistan on $6 billion rescue package

IMF spokesman Gerry Rice says Pakistan met its key objectives of 'fiscal prudence, external sector viability'

Business Published 17 Mar, 2022 05:46pm

Oil surges amid warnings of supply shortages

The supply loss will be far greater than expected drop in demand triggered by higher fuel prices

Business Published 16 Mar, 2022 06:54pm

Global oil supply disruptions leave Pakistan reeling

Pakistan petroleum imports witness an increase of 100.78% growth as they reach $13 billion

Pakistan Published 16 Mar, 2022 11:32am

ECC approves worth Rs11b grant to keep petroleum prices unchanged

Supplementary grant approved to meet expenditure on payment of PDCs up to March 31 to OMCs and refineries

Business Published 16 Mar, 2022 01:09am

Brent oil ends below $100 a barrel for 1st time in almost 3 weeks

The drop comes as China places tens of millions of people under lockdown following the latest surge in Covid-19 cases

Must Read Published 15 Mar, 2022 12:38pm

Oil falls on Ukraine talks, fears of slower demand in China

Brent LCOc1 futures dropped $4.20 or 3.9% to $102.70 a barrel by 0125 GMT after falling 5.1% the previous day

Pakistan Published 15 Mar, 2022 08:29am

Govt, IMF talks to continue for ‘at least two weeks’

Official says there is no cut-off date of ongoing discussion

Business Published 14 Mar, 2022 11:03pm

European, US stocks rise on Ukraine hope as oil slumps

The prospect of easing supply tensions and growing demand fears also send oil prices sliding

World Published 12 Mar, 2022 01:05am

Saudi oil refinery hit by Houthis drone attack

Houthis say they fired three drones at the Aramco refinery and six at its facilities in Jizan and Abha