Musadik Malik reiterates Russia will provide Pakistan crude at ‘discounted rates' State minister says govt working with Azerbaijan on a gas purchase framework agreement as well Updated 16 Dec, 2022 07:24pm
Markets Oil falls over 3%, still set for weekly gain on demand hopes LONDON: Oil fell over 3% on Friday as the market assessed the aftermath of interest rates hikes by central banks,... Updated 16 Dec, 2022 07:56pm
Pakistan Discounted Russian oil not ‘a reality,’ says Bilawal UNITED NATIONS: Pakistan is seeking “to address the energy shortfalls and difficulties we’re facing,” Foreign... Published 16 Dec, 2022 07:42am
Pakistan FM Bilawal says Pakistan not ‘pursuing or receiving’ discounted Russian oil Foreign minister says Pakistan 'exploring' various options Published 15 Dec, 2022 11:36pm
World EU leaders tackle discord over support for industry, Russia sanctions BRUSSELS: European Union leaders met on Thursday to try and resolve some of their outstanding disagreements before... Published 15 Dec, 2022 06:24pm
World Two killed in Russia oil refinery blaze MOSCOW: Two people died and five others were injured in a major fire that engulfed an oil refinery in eastern... Published 15 Dec, 2022 12:04pm
Opinion Russian oil sold to India below price cap in buyers’ market Russia’s flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil... Published 15 Dec, 2022 06:45am
Markets Russian oil sold to India below price cap in buyers’ market NEW DELHI: Russia’s flagship Urals crude has been sold at deeper discounts this month following a European ban on... Published 14 Dec, 2022 09:12pm
Markets Russia’s oil exports rose but revenue fell ahead of price cap: IEA LONDON: Global oil demand growth will slow next year but will still be at a robust 1.7% as China recovers from... Published 14 Dec, 2022 05:10pm
World EU agrees €20bn boost for energy funding to quit Russian gas BRUSSELS: The European Union will raise an extra 20 billion euros from its carbon market for investments to help end... Published 14 Dec, 2022 04:38pm
Markets US oil may bounce into $73.26-$74.17 range SINGAPORE: US oil may bounce into a range of $73.26-$74.17 per barrel as it has stabilised around a support of... Published 12 Dec, 2022 09:52am
Markets Saudi minister sees no clear results yet from Russia price cap RIYADH: Saudi energy minister Prince Abdulaziz bin Salman said on Sunday the impact of European sanctions on Russian... Published 12 Dec, 2022 06:55am
Markets Transneft to lift oil shipment tariffs by 6pc next year MOSCOW: Russian oil pipeline monopoly Transneft is set to increase the tariffs for transporting crude oil via its... Published 12 Dec, 2022 06:07am
Business & Finance Rosneft reports $889m loss from assets ‘transfer’ in Germany MOSCOW: Russia’s oil giant Rosneft said Wednesday its profit over the past nine months had been badly hit by the... Published 12 Dec, 2022 06:07am
Print Modi to skip annual summit with Putin NEW DELHI: Indian Prime Minister Narendra Modi will not hold an annual in-person summit with Russian President... Published 10 Dec, 2022 06:32am
Print Russia could cut oil production over West’s ‘stupid’ price cap MOSCOW: Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any... Updated 10 Dec, 2022 09:56am
Markets Oil set for 10% weekly drop as demand worries dominate Oil prices were stable on Friday, although both benchmarks headed for a weekly loss on worries over weak economic... Updated 09 Dec, 2022 06:20pm
Markets China buys Russian oil at multi-month low discounts, brushes off price cap SINGAPORE: China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor... Published 09 Dec, 2022 05:58am
Markets What happened to the 2022 global oil rally? Crude oil futures spent much of 2022 surging, as demand for transportation fuels to travel returned while Russia’s... Published 08 Dec, 2022 11:43am
Markets China buys Russian oil at multi-month low discounts, brushes off price cap SINGAPORE: China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor... Published 08 Dec, 2022 10:50am
Markets Oil rebounds from 2022 lows on China demand hopes, tanker delays LONDON: Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures... Updated 08 Dec, 2022 03:23pm
World Putin acknowledges Russia’s war in Ukraine could be a long one LONDON/KYIV: Russian President Vladimir Putin has acknowledged that his army could be fighting in Ukraine for a long... Published 08 Dec, 2022 09:54am
Markets Oil dips, hits lowest mark since January HOUSTON: Oil edged to its lowest since the start of the year in volatile trading, after US government data showed an... Published 08 Dec, 2022 05:58am
Opinion The elusive Russian oil Peshawar There appears to be a growing realisation in the government that the economic situation is already bad and... Published 07 Dec, 2022 05:54am
Print Oil from Russia: Musadik says there will be no US sanctions ISLAMABAD: Minister of State for Petroleum Musadik Malik on Tuesday said that the government is not deliberating on... Updated 07 Dec, 2022 09:47am
Markets Ukraine slams India for buying Russian oil NEW DELHI: Ukraine’s foreign minister condemned India’s ramping up of Russian oil purchases following Moscow’s... Published 07 Dec, 2022 05:54am
Markets Rupee remains under pressure, settles at 224.11 against US dollar Currency registers a decline of 0.09% in inter-bank market Updated 06 Dec, 2022 07:39pm
Markets US oil may bounce moderately before retesting $76.55 SINGAPORE: US oil may bounce moderately into a range of $78.94-$79.75 per barrel, before retesting a support at... Published 06 Dec, 2022 10:15am
Opinion Russian oil sanctions fuel boom for old tankers The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in ... Updated 06 Dec, 2022 06:32am
Print Petrol, diesel and LNG at discounted rates: Russian ministers due next month ISLAMABAD: A Russian ministerial delegation is scheduled to visit Pakistan in January 2023 for further negotiation ... Updated 06 Dec, 2022 09:33am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’