China’s crude oil imports from Russia reached a record high in 2024, rising 1% from 2023, while shipments from Saudi Arabia fell 9%, according to data released Monday. Refiners prioritized reduced Russian supplies to cushion weak margins. Data from the General Administration of Customs showed that China imported 108.5 million metric tons of crude from … Read more
The Oil and Gas Regulatory Authority (OGRA) has approved the import of 128,000 tons of high-speed diesel (HSD) in January 2024, after demand fell mainly due to the end of the harvest season. Ogra has allowed import of 90,000 tons by Pakistan State Oil (PSO) and 38,000 tons by Gas and Oil Marketing Company (GO) … Read more
KARACHI: Industries across Pakistan are facing serious production disruptions as thousands of tons of petrochemical containers remain stuck at Karachi Port. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh attributed the crisis to amendments made to the Petroleum Act of 1934 in 2023, leaving importers burdened with demurrage fines and … Read more
The federal government has set a wheat production target of 33.58 million tons for the 2024-2025 Rabi season, with the aim of planting more than 10.368 million hectares. The decision was announced during a meeting of the Federal Agriculture Committee chaired by Federal Minister for National Food Security and Research Rana Tanveer Hussain. The meeting … Read more
Dhaka: Floods in Bangladesh destroyed an estimated 1.1 million metric tons of rice, according to data from the agriculture ministry, prompting the country to increase imports of the staple grain amid rising food prices. Floods caused by heavy monsoon rains and heavy runoff hit the country in two major waves in August and October, claiming … Read more
Pakistan skipper Shan Masood celebrates his hundredth birthday during the first Test against England in Multan on October 7, 2024. — PCB MULTAN: Pakistan captain Shan Masood on Monday led the national team from the front, scoring a crucial century on the opening day of the first Test against England. After winning the toss and … Read more