Oil prices claw back on supply concerns, but demand worries drag
Brent crude was up 8 cents, or 0.1 percent, at $78.26 a barrel by 0338 GMT, after falling 2 percent on Thursday. The global benchmark rose on Wednesday to its highest since May 22 at $80.13
India and Pakistan have driven global sugar glut: Australia’s minister for trade
Pakistan, whose sugar production has increased in recent years, in January quadrupled the volume of sugar eligible for export subsidies to 2 million tonnes to reduce excessive domestic supplies
Oil prices climb as Iran sanctions loom; US looks to prevent supply shortfall
Washington is putting pressure on other countries to also cut Iran imports, with close allies like South Korea and Japan, but also India, showing signs of falling in line
Qatargas agrees on 22-year LNG supply deal with China
The Qatari state-owned company will supply LNG from the Qatargas 2 project - a venture between Qatar Petroleum, Exxon Mobil Corp and Total - to receiving terminals across China, with the first cargo to be delivered this month
OGDCL makes oil & gas discovery at Chanda oilfield in Kohat
The block is operated by OGDC with 72 percent stake along with 17.5 percent and 10.5 percent stake of GHPL and ZPCL respectively
Oil climbs as U.S. drilling stalls, Washington sanctions against Iran loom
Brent crude futures climbed 50 cents, or 0.65 percent, to $77.33 a barrel
Over $600 million saved in LNG supply deal signed with Qatar: Report
The negotiations with Qatar stalled after the latter refused to decrease the offer price for LNG and Pakistan used that to its benefit by approaching the open market in late 2015 to publicly seek 120 cargoes in two huge tenders
Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?
CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities
World shares driven towards worst week since March by trade tensions
MSCI’s broadest index of Asia-Pacific shares outside Japan had still lost 0.3 percent though, having earlier reached its lowest since mid-July last year
Oil dips on emerging market turbulence, but looming Iran sanctions support
Emerging market woes are weighing on global economic growth prospects, with Asian shares on Thursday heading for their sixth straight session of losses
Oil dips on Sino-U.S. trade conflict, but looming Iran sanctions support
International Brent crude oil futures were at $77.70 per barrel at 0232 GMT, down 7 cents from their last close
Oil stable as U.S.-China trade row weighs, Iran sanctions cut supply outlook
International Brent crude oil futures were at $75.75 per barrel at 0122 GMT, down 7 cents from their last close
Floods hit gold festival buying in India
Gold demand usually sees a jump in Kerala during the festival of Onam, but this year, the southern state is reeling from some of the worst floods in a century, leaving thousands displaced and causing damage of at least 200 billion rupees ($2.85 billion)
Oil rises as China demand resumes, signs that Iran supply curbed
U.S. crude rose more than 4 percent on the week, after seven consecutive declines, and Brent rose 5.3 percent after three weeks of falling prices
Shelved Aramco IPO hits at heart of Saudi prince’s reforms
The initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was a centrepiece of the crown prince’s plan to diversify the kingdom’s economy beyond oil by raising $100 billion for investment in other sectors