Pakistan to receive first cargo of Russian crude in April: Musadik Malik Pakistan will receive one-third of its crude oil imports from Russia at concessional rate, says minister for petroleum Updated 17 Mar, 2023 05:04pm
World Xi Jinping to visit Russia next week BEIJING: Chinese President Xi Jinping will visit Russia next week, Beijing’s foreign ministry said Friday, his first... Published 17 Mar, 2023 01:49pm
Markets US oil may retest support of $65.97 SINGAPORE: US oil may retest a support of $65.97 per barrel, a break below which may open the way towards... Published 17 Mar, 2023 10:47am
Markets Oil rises 2pc as S Arabia, Russia hold talks BENGALURU: Oil prices rose 2% on Thursday after dropping to near 15-month lows earlier in the session, supported by... Published 17 Mar, 2023 06:15am
Markets Cash premiums for 180-cst HSFO rise NEW DELHI: Cash premiums for 180-cst high sulphur fuel oil (HSFO) rose on Tuesday amid weakness in crude oil prices... Published 15 Mar, 2023 06:01am
Markets India not obliged to follow Russian oil price cap: ministry source NEW DELHI: India is not obliged to follow the Russian oil price cap set by the Group of Seven leading economies(G7)... Updated 14 Mar, 2023 06:45pm
Markets Russian sanctions shift oil price-making power to Asia from Europe LONDON: Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a... Published 14 Mar, 2023 12:00pm
World Russia not informed on progress of Nord Stream blasts probe Moscow has not been informed about the progress of an investigation into last year’s Nord Stream pipeline blasts and... Published 14 Mar, 2023 10:59am
Markets Oil prices continue slump in fallout from SVB shutdown LONDON: Oil prices dropped more than $2 a barrel on Tuesday, extending the previous day’s slide, as the collapse of... Updated 14 Mar, 2023 05:02pm
Markets Asia’s naphtha refining profit plunges NEW DELHI: Asia’s naphtha refining profit plunged to its lowest level since Feb. 1 on Monday, mirroring the... Published 14 Mar, 2023 03:18am
Markets Govt looks to achieve zero 'Unaccounted for Gas' losses by end of tenure: Musadik Malik Minister of State for Petroleum Dr Musadik Malik on Monday said that Unaccounted for Gas (UFG) losses of gas... Updated 13 Mar, 2023 07:31pm
Markets India’s February fuel demand hits 24-year-high NEW DELHI: India’s fuel demand hit its highest level in at least 24 years in February, data showed on Thursday,... Published 12 Mar, 2023 05:55am
Markets Oil slips as dollar firms, Russia pipeline halt limits slide LONDON: Oil prices edged lower on Monday as a stronger dollar discouraged buying, though losses were limited by... Updated 27 Feb, 2023 07:58pm
Markets Oil flat on week as US inventories rise but Russia cuts supply NEW YORK: Oil edged higher in volatile trade on Friday, and was flat on the week, with prices supported by the... Published 27 Feb, 2023 06:17am
World Russia halts pipeline oil supplies to Poland, PKN Orlen CEO says WARSAW: Russia has halted supplies of oil to Poland via the Druzhba pipeline, Daniel Obajtek, chief executive... Published 25 Feb, 2023 07:27pm
Markets Russia plans deep March oil export cuts MOSCOW/LONDON: Russia plans to cut oil exports from its western ports by up to 25% in March versus February,... Published 22 Feb, 2023 09:48pm
Markets Spot 180-cst HSFO flips into premium SINGAPORE: The spot cash differential for 180-cst high sulphur fuel oil (HSFO) flipped into a premium on Monday as... Published 21 Feb, 2023 05:57am
Markets India’s Russian oil imports surge to a record in Jan NEW DELHI: India’s Russian oil imports climbed to a record 1.4 million barrels per day (bpd) in January, up 9.2%... Published 20 Feb, 2023 07:06am
Business & Finance China ministry meets refiners for update on Russian oil trade SINGAPORE: China’s commerce ministry has met independent oil refiners to discuss their deals with Russia, five... Published 18 Feb, 2023 03:33am
Markets India’s Russian oil imports surge to a record in January NEW DELHI: India’s Russian oil imports climbed to a record 1.4 million barrels per day (bpd) in January, up 9.2%... Published 17 Feb, 2023 07:13pm
Markets Russia price caps spur India interest in naphtha, fuel oil, but not diesel NEW DELHI: More Indian firms are attracted to buying Russian naphtha as low-cost feedstock for their refineries and... Published 15 Feb, 2023 10:11am
Markets US oil neutral in $78.57-$80.07 range SINGAPORE: US oil looks neutral in a range of $78.57-$80.07 per barrel, and an escape could suggest a direction. The... Published 14 Feb, 2023 09:32am
Markets Oil prices fall after US crude release and inflation data LONDON: Oil prices fell on Tuesday after the US government said it would release more crude from its Strategic... Updated 14 Feb, 2023 08:02pm
Markets Oil edges higher as market weighs Russian supply cuts amid demand fears HOUSTON: Oil prices edged higher on Monday, rebounding from early losses as investors weighed Russia plans to cut... Published 14 Feb, 2023 05:58am
Print Energy security talks with US next month ISLAMABAD: Pakistan and United States are all set to hold ‘Energy Security Dialogue’ on March 15, 2023 in... Updated 14 Feb, 2023 09:00am
Print IK accuses Bajwa of thwarting Russian oil deal LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan claimed former army chief General Qamar Javed Bajwa... Updated 14 Feb, 2023 09:08am
Markets US oil to test support of $78.57 SINGAPORE: US oil is expected to test a support of $78.57 per barrel, a break below which could open the way towards... Published 13 Feb, 2023 10:31am
Markets Oil falls on demand fears as Fed nears ‘make or break moment’ LONDON: Oil prices slipped on Monday as investors focused on short-term demand concerns ahead of key US inflation... Updated 13 Feb, 2023 08:21pm
Markets Russia to cut oil output by 500,000 bpd in March MOSCOW: Russia will cut oil production by 500,000 barrels per day, or around 5% of output, in March, Deputy Prime... Published 10 Feb, 2023 05:16pm
Markets Russia sees risk of oil output dipping in 2023 Russian Deputy Prime Minister Alexander Novak said on Friday there were risks that Russia’s oil production could... Published 10 Feb, 2023 12:40pm