crude
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Trump set to impose oil tariffs on Feb 18, may reduce duty on Canadian crude
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[ad_1] Flue gas and steam rise out of chimneys and smokestacks of an oil refinery during sunset on a frosty day in the Siberian city of Omsk, Russia, February 8, 2023. — Reuters WASHINGTON: US President Donald Trump has announced…
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Oil prices dip as US crude stocks rise | The Express Tribune
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[ad_1] HOUSTON: Oil prices edged lower on Wednesday after US crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in one of the world’s major regions for crude production eased slightly. Brent crude…
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Russian crude imports face constraints | The Express Tribune
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[ad_1] KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts…
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Pakistan places first order for discounted Russian crude oil
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[ad_1] State Minister Musadik Malik addressing a press conference in Islamabad after Russia visit on December 5, 2022. — PID ISLAMABAD: State Minister for Petroleum Musadik Malik has confirmed that Pakistan has placed its first order for discounted Russian crude oil under…
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Russian crude oil to arrive in Pakistan next month
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[ad_1] An undated image of Minister of State for Petroleum Dr Musadik Malik addressing a press conference. — APP/File Minister of State for Petroleum Dr Musadik Malik said the first consignment of crude oil from Russia will arrive in the…
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Maiden Russian crude oil shipment due next month | The Express Tribune
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[ad_1] ISLAMABAD: The first oil cargo from Russia is expected to arrive in Pakistan by the end of April after the latter agreed to the former’s demand to import a single cargo first as a test case to bridge “trust…
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Pakistan to begin importing Russian crude oil from March
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[ad_1] Pakistani (left) and Russian delegations during the annual inter-governmental commission in Islamabad on January 20, 2023. — Photo by reporter ISLAMABAD: Minister of State for Petroleum Musadik Malik said Friday that Pakistan would begin importing crude oil from Russia in…
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No restrictions imposed on LCs for import of crude oil, LNG: SBP
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[ad_1] An undated image of the State Bank of Pakistan building in Karachi. — AFP/File The State Bank of Pakistan (SBP) Thursday clarified that no restrictions have been imposed on the opening of Letters of Credit (LCs) or contracts for…
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Crude awakening as banks freeze credit lines | The Express Tribune
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[ad_1] KARACHI: Prices of petroleum products, particularly petrol and diesel, have gone up significantly in the last few weeks and more hikes could be on the cards with the government setting an ambitious target in the new budget to raise…
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India rupee hits record low amid sustained rise in global crude | The Express Tribune
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[ad_1] MUMBAI: The Indian rupee hit a record low against the US dollar on Thursday as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation, while choppy domestic shares also hurt. The partially…
