Cheap Russian oil: Musadik claims private sector made hefty profits ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge... Updated 02 Aug, 2024 09:54am
Markets Brent oil futures rise towards $90 as supply risks intensify LONDON: Oil prices extended gains on Wednesday, as investors mulled supply risks stemming from Ukrainian attacks on... Updated 03 Apr, 2024 05:17pm
World Ukraine foreign minister visits India to build support for peace blueprint Ukrainian Foreign Minister Dmytro Kuleba said he had arrived in New Delhi on Thursday to advance Kyiv’s vision of... Published 28 Mar, 2024 03:07pm
Markets Oil up on supply concerns as Russia orders output cuts HOUSTON: Oil prices rose on Monday as the Russian government ordered producers to curb output as hostilities between... Updated 25 Mar, 2024 09:55pm
Markets Oil steady as Gaza ceasefire talks gain traction LONDON: Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the... Updated 22 Mar, 2024 04:31pm
Markets Oil broadly steady after surprise US crude stock drop LONDON: Oil prices were broadly steady on Thursday, shored up by a surprise U.S. crude stock drop and the U.S.... Updated 21 Mar, 2024 07:25pm
Markets India’s Feb Russian oil imports edged up from January NEW DELHI: India’s import of Russian oil edged up in February over January, reversing declines seen in the past two... Published 20 Mar, 2024 03:33pm
World Drones are key to gain advantage over Russia, Ukraine army chief says The development of unmanned systems, or drones, is key to give Kyiv an advantage over “a numerically superior”... Published 19 Mar, 2024 10:18am
Markets Oil stays near-four month high but Russia export uptick weighs LONDON: Oil prices were largely steady on Tuesday near four-month highs after breaking above range-bound trading... Updated 19 Mar, 2024 04:35pm
Markets Russian oil exports from its western ports revised up 10% in March amid refinery outage MOSCOW: Russia will increase oil exports through its western ports in March by almost 200,000 barrels per day (bpd)... Published 18 Mar, 2024 04:30pm
Markets China Jan-Feb refinery output up 3% on Lunar New Year travels BEIJING: China’s crude oil throughput in January and February rose 3% compared to the same two months a year... Published 18 Mar, 2024 12:47pm
World Putin is master of all he surveys as Russians head to polls MOSCOW: In a Russia at war, there is only one real candidate and only one winner: Vladimir Putin. As Russians cast... Published 15 Mar, 2024 11:29am
Markets Sanctioned tanker NS Century reaches China port to discharge Russian oil SINGAPORE: The oil tanker NS Century, which is under sanction by the United States, arrived at the Chinese port of... Published 15 Mar, 2024 10:42am
Markets Oil rises on expectations of further OPEC+ supply cuts LONDON: Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to... Updated 20 Nov, 2023 07:20pm
Print Pakistan’s imports of Russian crude face port, refinery, currency constraints KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite... Updated 01 Aug, 2023 08:56am
World At least nine wounded in Russian strike on Ukraine’s Mykolaiv At least nine people were wounded and some killed by a Russian strike on the Ukrainian port city of Mykolaiv on... Published 20 Jul, 2023 10:39am
Markets India’s Russian oil imports hit new high in June, but growth slows NEW DELHI: India’s imports of Russian oil edged up to an all-time high in June, though growing at the slowest pace... Published 20 Jul, 2023 10:10am
Markets China’s June imports of Russian crude jump to record 2.56mn bpd BEIJING: China’s imports of crude oil from Russia hit an all-time high in June, Chinese government data showed on... Published 20 Jul, 2023 09:35am
Markets India’s Russian oil imports hit new high in June, but growth slows: trade NEW DELHI: India’s imports of Russian oil edged up to an all-time high in June, though growing at the slowest pace... Published 19 Jul, 2023 06:09pm
Markets Indian refiners used yuan to pay for some Russian oil imports NEW DELHI: Indian refiners have settled some payments for Russian oil imports in Chinese yuan, but the U.S. dollar... Published 14 Jul, 2023 05:38pm
Markets Russia sets plans for oil export cuts in August MOSCOW: Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month... Published 14 Jul, 2023 05:33pm
Business & Finance Govt negotiating second cargo of discounted Russian crude ISLAMABAD: The State Minister for Petroleum, Dr Musadik Malik, on Wednesday said that talks with Russia are... Updated 13 Jul, 2023 09:11am
Markets Pakistan negotiating for a second discounted Russia crude shipment ISLAMABAD: Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, the South Asian... Updated 12 Jul, 2023 08:08pm
Markets India refiners start yuan payments for Russian oil imports: sources NEW DELHI: Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct... Published 03 Jul, 2023 03:37pm
Markets OPEC+ oil quota reform increases Gulf’s dominance LONDON: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman earlier this month outlined one of the biggest... Published 27 Jun, 2023 02:31pm
Markets Second cargo carrying Russian crude oil arrives in Pakistan A Russian oil vessel ‘Clyde Noble’ carrying crude oil reached Karachi on Tuesday and is currently anchored at the... Updated 28 Jun, 2023 12:20am
Print LNG deal with Azerbaijan to help end gas crisis by next winter: Musadik ISLAMABAD: State Minister for Petroleum Musadik Malik Wednesday assured that Pakistan’s Liquefied Natural Gas (LNG)... Updated 22 Jun, 2023 08:59am
Pakistan ‘Same discount as for others’: Russian minister says Pakistan not receiving ‘special’ rate Energy minister Nikolai Shulginov also says Russia agreed payment would be made in currencies of friendly countries Updated 17 Jun, 2023 10:07pm
Print FO defends procurement of crude oil from Russia ISLAMABAD: Foreign Office on Thursday defended Pakistan’s procurement of “affordable” crude oil from Russia as a... Updated 16 Jun, 2023 09:03am
Pakistan Paying for Russian oil in Chinese Yuan Pakistan’s own choice: US US State Department spokesperson Matthew Miller says price cap imposed on Russian oil by Washington and allies has driven down price Updated 14 Jun, 2023 12:26pm