Pakistan seeks deal to import up to 1mn tons of Russian oil per year: TASS MOSCOW: Mohammad Ali, Pakistan’s caretaker energy minister, said on Thursday that Islamabad was considering signing... Updated 12 Oct, 2023 10:43pm
Markets Cnergyico imports Pakistan’s first private-sector Russian crude cargo KARACHI: Pakistan refiner Cnergyico has imported the country’s first private-sector shipment of Russian crude oil,... Updated 02 Oct, 2023 03:50pm
World Russia shoots down six Ukrainian drones over southern and western regions MOSCOW: Russia said on Sunday that air defences had shot down five Ukrainian drones over the western Smolensk region... Updated 01 Oct, 2023 09:41pm
Business & Finance 11.8-kg LPG cylinder: OGRA notifies Rs246.15 price increase for October ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA), on Saturday notified 8.7 percent or Rs246.15 increase in... Published 01 Oct, 2023 02:59am
Markets Pakistan receives first shipment of Russian LPG, Russian embassy says Shipment, which the embassy says was delivered with Iranian help, comes after Pakistan received its first-ever delivery of Russian crude under a deal struck earlier this year Updated 27 Sep, 2023 04:40pm
Markets Abundant, cheap Iranian oil supply to cap Russian prices in China SINGAPORE: Rising prices of a popular Russian crude sold to China are poised to peak soon as more independent... Published 27 Aug, 2023 03:05am
Markets China hugely boosts crude stockpiling on cheap Russian oil LAUNCESTON, (Australia): China boosted its stockpiling of crude oil to the highest level in three years in June,... Published 27 Jul, 2023 06:26am
Print Govt to import 100,000 tons of Russian oil every month KARACHI: In a bid to ensure cheap energy in the country, the government will import 100,000 tons of Russian crude ... Updated 23 Jul, 2023 10:34am
Markets Oil rises on US crude draw, Iraqi supply risks LONDON: Oil prices rose on Thursday as a surprise drop in US crude stockpiles and a halt in exports from Iraq’s... Updated 30 Mar, 2023 06:18pm
Markets West African crude LONDON: Offers for some varieties of West African crude climbed on Thursday on relatively high refining margins in... Published 27 Jan, 2023 06:15am
Markets Oil prices rise further on stronger China outlook LONDON: Oil prices rose by 1% on Monday to $88.50 a barrel, extending last week’s gains on the back of a stronger... Updated 23 Jan, 2023 06:21pm
Markets Oil heads for second week of gains on China demand outlook LONDON: Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening... Updated 20 Jan, 2023 08:38pm
Markets Europe boosts Russian diesel buying ahead of ban set to rock market LONDON: European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 European... Published 16 Jan, 2023 09:37pm
Markets Discounted oil: Russian delegation to reach Pakistan tomorrow A high-level delegation from Russia, including its minister for energy, will reach Pakistan on Tuesday (January 17)... Published 16 Jan, 2023 04:54pm
Business & Finance ‘OPEC+ faces oil market volatility in both supply & demand’ CAIRO: OPEC+ is facing “volatile prospects” in oil markets both in supply and demand, UAE energy minister Suhail... Published 15 Jan, 2023 04:01am
Markets India to remain top buyer of Russia’s Urals crude in Dec MOSCOW: India is taking most of Russia’s Urals crude oil loading in December as it remains top buyer for a second... Published 16 Dec, 2022 07:36pm
Pakistan 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
World 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 06 Dec, 2022 05:58pm
Markets Oil dips ahead of OPEC+ meeting HOUSTON: Oil futures slipped by about $1 a barrel in choppy trading on Friday ahead of a meeting of the Organization... Published 04 Dec, 2022 03:37am
Markets Gasoil margins, premiums fall SINGAPORE: Asia’s 10 ppm sulphur gasoil margins and premiums extended losses on Tuesday as oil futures surged at a... Published 30 Nov, 2022 05:53am
Markets Saudi Arabia may cut Jan Arab Light price for Asia to 10-month low SINGAPORE: Top oil exporter Saudi Arabia may cut crude prices for Asia in January following a bearish trading cycle... Published 29 Nov, 2022 09:56am
Markets Yellen to travel to India, G20 summit as forum struggles with Ukraine war WASHINGTON: US Treasury Secretary Janet Yellen will travel to India and the Group of 20 Summit in Indonesia next... Published 04 Nov, 2022 02:16pm
Markets Oil prices slide, hit 9-month lows as dollar strengthens LONDON: Oil prices hit nine-month lows on Monday in choppy trade, pressured by a strengthening dollar as market... Published 27 Sep, 2022 04:06am
Markets Oil edges up as strong economic data feeds hopes for demand Front-month Brent prices last week hit the lowest since February Updated 08 Aug, 2022 08:54pm
Print US to let Eni, Repsol ship Venezuela oil to Europe for debt HOUSTON/WASHINGTON: Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to ... Updated 06 Jun, 2022 09:37am
Markets Indian private refiners profit from cheap Russian crude, state refiners suffer NEW DELHI: There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude and boost... Published 01 Jun, 2022 07:29pm
Perspectives Oil prices: the biggest tail-risk for Pakistan’s economy A tail-risk is an event that has an extremely low probability of occurring but when it does, the loss is severe and... Published 01 Jun, 2022 07:22pm
Print India’s imports of cheap Russian crude surge NEW DELHI: India has received 34 million barrels of discounted Russian oil since Moscow invaded Ukraine on Feb. 24,... Published 31 May, 2022 05:11am
Markets Russia sends record volumes of oil to India, China KARACHI: While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports,... Published 28 May, 2022 05:11am
Markets China’s Iranian oil imports ease on poor margins, lure of Russian oil SINGAPORE/LONDON: China’s Iranian oil imports in April came off peak volumes seen in late 2021 and early 2022 as... Published 09 May, 2022 11:38am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points