Despite EU sanctions depriving Russia of its largest market, its diesel shipments are on track to set a record this month.

The Pakistani rupee has continued to depreciate steeply, as it hit an all-time low of Rs 269.10 against the US dollar in the interbank market, on January 30.

Global inflation remains at sky-high levels after energy and food costs rocketed last year following the invasion of agricultural powerhouse Ukraine by major oil and gas producer Russia.

The Taliban government of Afghanistan has signed an oil extraction deal with a Chinese company, Bloomberg reported on Friday.

Russia warns Germany to not confiscate its assets and their subsequent transfer to Ukraine may create a dangerous precedent in international law, Vyacheslav Volodin, the speaker of the State Duma, Russia’s lower house of parliament, has claimed.

High energy prices will become a new normal in Germany, Finance Minister Christian Lindner warned on Sunday.

While the 3.8 percent on-year expansion was welcome, it was weighed by a 3.0 percent contraction in the key manufacturing sector in the final three months.

During a joint press stakeout with President of Tajikistan Emamoli Rahmon on Wednesday, Prime Minister Muhammad Shehbaz Sharif said that Pakistan wanted the establishment of energy, rail and road connectivity with CARs.

President Joe Biden is expected to visit Taiwan Semiconductor Manufacturing Company (TSMC) in Arizona on Tuesday.

Russia has agreed to sell crude to Pakistan at a reduced price, according to State Minister for Petroleum Musadik Malik.

Oil prices dropped to near two-month lows on Monday, sliding around $1 a barrel, as supply fears receded while concerns over fuel demand from China and U.S. dollar strength weighed on prices.

Liquefied petroleum gas (LPG) prices have been increased by the Oil & Gas Regulatory Authority (OGRA) for November 2022.