Oil prices drop as focus shifts to oversupply
Brent crude futures were down 51 cents, or 0.7 percent, at $76.38 a barrel by 0331 GMT. The global benchmark is on course for a weekly loss of over 4 percent
China’s Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: Sources
China’s Iraqi crude oil imports rose to 32.28 million tonnes in the first nine months of the year, or 863,000 barrels per day, 15 percent more than the same year-earlier level, according to Chinese customs data
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright
Pakistan Petroleum Limited settles court case with AROL
KARACHI: In a notification sent to the bourse on Friday, Pakistan Petroleum Limited (PPL) announced a settlement of a court case with...
China to boost grain imports from ‘Belt & Road’ countries amid Sino-U.S. trade spat: Official
The country’s meat demand could hit 123 million tonnes while demand for grain is expected to peak at 750 million tonnes, the researcher added, without saying when those numbers would be reached
Kuwait sees risk of oil supply shortage in 2019 due to Venezuela
Hashem said OPEC+ actions should help re-balance the oil markets this year but he also warned of the impact of underinvestment in the oil industry which could cause a supply crunch by 2025
Oil price slump is part of broader Asian pullback
But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar
PLL convinces Gunvor to supply rescheduled LNG cargo in December
PLL has also called tenders for supply of additional LNG cargo's to the country during January and February 2019, said sources
Rupee’s decline, won’t spike foreign investors interest in PSX
LAHORE: State Bank of Pakistan’s decision on Friday to devalue the rupee won’t be enough to prop up the ailing stock market...
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
Commerce secretary inaugurates PHDEC’s head office, reassures future plans
Commerce Secretary Younus Dagha inaugurated the new head office of the Pakistan Horticulture Development and Export Company (PHDEC) on Monday.
Indian stock market falls on weaker rupee, higher crude
The broader NSE Nifty was down 0.49 percent at 10,421.45 as of 0547 GMT, while the benchmark BSE Sensex was trading 0.40 percent lower at 34,594.28
Saudi Arabia to supply about four million barrels of extra oil to India in November: sources
India is Iran’s top oil client after China, though several refiners have indicated they will stop taking Iranian barrels because of the sanctions
Pakistan amongst best performers, up by 12pc on MSCI, says report
LAHORE: Despite political and external pressures, Pakistan has recorded a surge of 12 per cent on the MSCI index and 6 per...
KPMG UK undertaking internal review into its audit of Abraaj: Report
The proximity of ties between top executives at KPMG and Abraaj in Dubai will also come under the scanner