Trends - Crude Oil - Business Recorder

Crude Oil

Oil prices fall after surprise US storage build

NEW YORK: Oil prices fell on Wednesday after a surprise jump in US crude stockpiles raised worries about demand in...

Published 11 Jan, 2024 06:15am

Markets

Oil extends gains on Middle East supply worries

LONDON: Oil rose by about 1% on Thursday, extending gains on concerns over Middle Eastern supply after disruptions...

Updated 04 Jan, 2024 05:51pm

Business & Finance

Saudi Arabia may cut price premium on all crude grades

SINGAPORE: Saudi Arabia may slash price premiums on all crude grades it sells to Asia in February to one-year-lows...

Published 04 Jan, 2024 05:41am

Markets

Nigeria aims to raise oil, condensates output to 2.6mn bpd by 2026

ABUJA: Nigeria’s upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6...

Published 01 Jan, 2024 07:06pm

Markets

Oman sets 2024 budget on average oil price of $60/bbl

DUBAI: Oman has set its 2024 budget on an average oil price of $60 per barrel and sees a budget deficit of 640...

Updated 01 Jan, 2024 01:03pm

BR Research

Will oil fare better in 2024?

From Russia and Ukraine still engaged in war, to Israel’s onslaught in Gaza, from big shipping companies refusing to...

Published 01 Jan, 2024 07:21am

Markets

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 15.259...

Published 31 Dec, 2023 03:04am

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR15.462...

Published 29 Dec, 2023 02:58am

Markets

Oil down $1 as investors watch Red Sea developments

LONDON: Oil prices fell by $1 a barrel on Wednesday, eating into the previous day’s gains as investors monitored...

Updated 27 Dec, 2023 10:19pm

Markets

Oil jumps on ME strife, US rate cut hopes

HOUSTON: Oil jumped 3% on Tuesday to its highest level this month, as further attacks on ships in the Red Sea...

Published 27 Dec, 2023 05:15am

Markets

Oil prices gain around 1% as Red Sea tension persists

LONDON: Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on...

Updated 22 Dec, 2023 10:03pm

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 15.724...

Published 22 Dec, 2023 05:22am

Markets

Angola says it is leaving OPEC

LUANDA/LONDON: Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is...

Published 21 Dec, 2023 06:29pm

Markets

Oil falls over demand concerns after US inventory build

TOKYO: Oil prices fell on Thursday as concerns over low demand following a surprise US crude inventory build...

Updated 21 Dec, 2023 01:04pm

Markets

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 15.768...

Published 21 Dec, 2023 03:54am

Markets

Saudi Aramco to supply full oil volumes to some North Asia refiners in Jan 2024

SINGAPORE: Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes...

Published 11 Dec, 2023 12:34pm

Markets

Oil prices edge down with investors still wary

LONDON: Oil prices dipped on Monday as worries persisted around crude oversupply despite OPEC+ cuts and softer fuel...

Updated 11 Dec, 2023 06:28pm

Markets

Oil gains but records seventh weekly decline

BENGALURU: Oil prices rose more than 2% on Friday after US data supported expectations of demand growth, but both...

Published 10 Dec, 2023 03:33am

Markets

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 23.617...

Published 10 Dec, 2023 03:33am

World

Bangladesh puts to use China-built crude oil offloading facility

Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the...

Published 08 Dec, 2023 03:21pm

Markets

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR21.996 ...

Published 05 Dec, 2023 03:01am

Markets

Oil falls on demand fears and doubts over OPEC+ cuts

LONDON: Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on...

Updated 04 Dec, 2023 06:59pm

BR Research

Opec’s cut: Not enough?

The immediate reaction to Opec’s meeting outcome has surprised many. Brent and WTI edged lower after the cartel...

Published 04 Dec, 2023 07:36am

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 16.860...

Published 01 Dec, 2023 04:43am

Markets

Oil prices fall amid skepticism on OPEC+ supply cuts

Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to...

Updated 30 Nov, 2023 10:30pm

Markets

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR26.970...

Published 30 Nov, 2023 04:53am

Markets

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns support

LONDON: Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output...

Updated 29 Nov, 2023 04:58pm

BR Research

Pakistan Oilfields Limited

Pakistan Oilfields Limited (PSX: POL is a subsidiary of the Attock Oil Company Limited (AOC), and is engaged in the...

Published 29 Nov, 2023 08:40am

Markets

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output

NEW YORK: Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a...

Updated 28 Nov, 2023 09:37pm

Markets

Brent crude oil flirts with $80 ahead of OPEC+ meeting

HOUSTON: Oil prices fell on Monday, with the Brent benchmark hovering around $80 a barrel as investors awaited this...

Published 28 Nov, 2023 04:57am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Petrol/Litre / May 14	288.49
Crude Oil USD/Barrel / May 14	79.23
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2344.20
Diesel/Litre / May 14	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 14 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 14 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 14 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 14 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 14 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 14 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 14 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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