OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say VIENNA: OPEC and its allies are unlikely to decide on further oil supply cuts at a meeting on Sunday despite a fall... Published 02 Jun, 2023 05:13pm
Business & Finance OPEC+ unlikely to deepen oil supply cuts LONDON/DUBAI: OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite ... Published 02 Jun, 2023 03:56am
Markets OPEC oil output falls in May after voluntary cuts LONDON: OPEC oil output fell in May after Saudi Arabia and other members of the broader OPEC+ alliance made ... Published 01 Jun, 2023 03:34am
Opinion Riyal politic Once again Saudi Arabia is using its position as the financial superpower of the Middle East – it sits on top of ... Updated 25 May, 2023 07:12am
Markets Saudi warns speculators of more pain as OPEC+ meeting looms DOHA: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Tuesday he would inflict more pain on short... Published 23 May, 2023 06:52pm
Markets Oil steady as US default risk offsets supply decline NEW YORK: Oil prices traded either side of unchanged on Monday as the market waited for news on the US debt ceiling... Published 23 May, 2023 06:14am
Markets Asia to drive oil demand growth in second half, says Vitol DUBAI: Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the year, a... Published 22 May, 2023 10:21pm
Markets Oil steady as US default risk offsets demand outlook LONDON: Oil prices were steady on Monday as caution relating to US debt ceiling talks dragged on optimism over... Updated 22 May, 2023 02:57pm
BR Research Oil and Gas Development Company Limited Oil and Gas Development Company Limited (PSX: OGDC) is the largest E&P company in the country with operations... Published 16 May, 2023 08:49am
Markets Asia Distillates: Gasoil margins post second straight weekly gains SINGAPORE: Asia’s 10-ppm sulphur gasoil margins were little changed on Friday, amid a dearth of trades at the... Published 14 May, 2023 03:24am
Markets Oil prices head for fourth weekly drop as demand fears weigh LONDON: Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns in the... Updated 12 May, 2023 02:52pm
Markets OPEC holds global oil demand view steady, cites US debt ceiling risks LONDON: OPEC’s global oil demand forecast for 2023 was held steady for a third month on Thursday, with the ... Published 12 May, 2023 05:59am
Markets OPEC raises Chinese oil demand view, cites risk from US debt ceiling LONDON: Oil producer group OPEC on Thursday raised its forecast for Chinese oil demand growth this year but left its... Published 11 May, 2023 06:45pm
Business & Finance Oil prices jump but still on track for third weekly fall HOUSTON: Oil prices jumped on Friday but were set for a third straight week of losses after sharp declines earlier ... Published 06 May, 2023 06:43am
Markets Oil heads for another monthly decline as weak US data weighs LONDON: Oil prices were heading for another monthly decline on Friday after disappointing US economic data and... Updated 28 Apr, 2023 03:10pm
Markets Gulf economies to grow at much slower pace in 2023 on lower oil revenues Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for... Published 26 Apr, 2023 11:13am
Markets Asia’s collapsing refinery margins undermine bullish crude case: Russell LAUNCESTON: There is an increasing disconnect between the forecasts for strong global oil demand growth this year,... Published 18 Apr, 2023 11:30am
Markets OPEC cites risks to summer oil outlook as backdrop to shock cut LONDON: OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to output cuts ... Published 15 Apr, 2023 06:19am
Markets Oil gains after IEA sees demand rising to record high LONDON: Oil prices edged higher on Friday after the West’s energy watchdog said it expected global demand to rise to... Updated 14 Apr, 2023 05:42pm
BR Research Oil: Saudis show strength No one saw it coming. Not even the most bullish of observers. What Opec plus alliance threw last week is well and... Published 11 Apr, 2023 08:55am
BR Research Oil prices – OPEC fuelling inflation? Oil prices have been rising for over three weeks with the recent surge coming in after the oil group – OPEC... Published 10 Apr, 2023 09:00am
Pakistan Pakistan signs $240mn loan agreement with Saudi Fund for Development for KP dam Mohmand Multipurpose Dam Project will enhance water and food security, and improve the standard of living for people living in the Khyber Pakhtunkhwa province: SFD Updated 07 Apr, 2023 05:56pm
Markets Oil steady after shock OPEC+ output cuts HOUSTON: Oil held steady in choppy trading on Thursday and was on track for a third weekly gain as markets weighed... Published 07 Apr, 2023 06:06am
Business & Finance Inflation likely to increase globally, says analyst KARACHI: Chairman of the National Business Group Pakistan and President of the Pakistan Businessmen and ... Published 07 Apr, 2023 06:06am
Markets Downtrend for cracks continues amid cautious sentiment SINGAPORE: Asia’s 10-ppm sulphur gasoil and jet fuel margins fell for the third consecutive trading session as a... Published 06 Apr, 2023 06:20am
Markets Rupee hits fresh all-time low, settles at 287.85 against US dollar Currency loses Re0.56 against the US dollar in inter-bank market Updated 05 Apr, 2023 06:32pm
Business & Finance Dollar slides after weak US economic data NEW YORK: The dollar dropped on Monday, surrendering earlier gains following the announcement of unexpected oil... Published 04 Apr, 2023 03:24am
Markets OPEC+ cut risks straining tight oil market, says IEA LONDON: Oil production target cuts announced by the OPEC+ group over the weekend risk exacerbating a strained market... Published 03 Apr, 2023 09:54pm
Markets Indian shares marginally up; inflation concerns cap gains BENGALURU: Fresh worries about inflation and the OPEC+’s move to cut more production capped gains for Indian shares,... Published 03 Apr, 2023 04:43pm
Markets Rupee under pressure against US dollar, settles at 285.04 Currency depreciates 0.44% in the interbank market Updated 03 Apr, 2023 06:01pm