Imports of Russian crude have halted due to excessive furnace oil in the refining process, says the National Daily. The report highlights the drawbacks of Russian crude: more furnace oil, less kerosene, and jet fuel. Russian oil’s viability depends on stable prices amid a global oil increase, yet this prospect appears unlikely. The import of … Read more
KARACHI: The equity market continued with Tuesday’s momentum and hit an intraday high of 42,880 points but was unable to sustain and lost to close at 42,458, losing 68 points, dealers said. An analyst at Pearl Securities said the market opened in the green territory where profit-taking was initiated in the first half of the … Read more
KARACHI: The National Refinery Limited (NRL) has not halted its operations but only the fuel refinery has been shut down due to schedule turnaround, a bourse filing said on Tuesday. “With reference to the news circulating in print and electronic media regarding shut down of [the] National Refinery Limited due to accumulation of [the] furnace … Read more
