crude oil

Islamabad: Pakistan’s oil import bill has seen a slight decrease of 1.19% to $11.94 billion for the first nine months of FY25, compared to $12.08 billion during the same period …

In a recent development, Iran has reportedly seized an oil tanker carrying Iraqi crude bound for Turkey, citing retaliation for a similar incident last year when the United States confiscated …

ISLAMABAD: Oil prices have made a notable recovery, reaching their highest point in more than six months, putting an end to a two-week period of declines. This upswing in prices …

India and the United Arab Emirates have embarked on a new approach to bilateral trade, utilizing their respective local currencies. The leading Indian refiner, Indian Oil Corp, has executed a …

ISLAMABAD: Pakistan has suspended its import of crude oil from Russia due to the production of a higher amount of furnace oil compared to petrol during the refining process. Furthermore, …

ISLAMABAD: Saudi Aramco is evaluating an offer of Pakistan to establish a deep conversion refinery. The project involves engineering, procurement, construction (EPC)-F mode. Saudi Arabia will build the project. Saudi Aramco …

The second ship KARACHI/ISLAMABAD: One more oil tanker loaded with crude oil from Russia reached the Karachi port today (June 27). The vessel, named “Clyde Noble,” is carrying 55,000 metric …

Foreign Office defends purchase of Russian oil ISLAMABAD: The Foreign Office spokesperson today defended the government’s strategy of importing crude oil from Russia at a discounted price. Addressing a weekly …

First discounted Russian crude oil cargo ISLAMABAD: Prime Minister Shehbaz Sharif shared the good news with the people saying that the first Russian crude oil cargo today reached Karachi. Pakistan …

A few days after Pakistan placed the order, the Biden administration said that it wouldn’t protest Pakistan’s discounted purchase of Russian oil. Each nation has the freedom to determine its …