BR Research » Oil and Gas

Oil and Gas

POL sales: no turnaround in sight

The sales of petroleum products by the oil marketing segment saw some respite in November 2019 as the official data show

Published 05 Dec, 2019 05:59am

Oil and Gas

Banking on petroleum taxes

Petroleum prices have not made headlines this fiscal year. A few paisas here and a few there has been the trend so far,

Published 04 Dec, 2019 07:19am

Oil and Gas

E&P sector’s real challenge

The oil and gas sector’s financial performance for 1QFY20 was nothing close to what is called sanguine for the sector; e

Updated 19 Nov, 2019 06:04am

Oil and Gas

Pressure on Opec – oil bears stay

Last Friday capped a couple of very happening weeks for the international oil market. After the much-talked about Opec W

Updated 18 Nov, 2019 06:08am

Oil and Gas

Saudi Aramco IPO – a tough sell?

Finally, after years of delay, the most sought after IPO is back on the stage and the Crown Prince is all set to give ou

Updated 13 Nov, 2019 12:01pm

Oil and Gas

OMC sales - recovery on the cards?

Petroleum consumption in the country has cratered in the last year or so, and the reasons have been talked of many times

Updated 11 Nov, 2019 11:56am

Oil and Gas

Oil prices: Not going north soon

The Saudi-Iran-Yemen tensions seem to have failed to be able to create a permanent risk premium to international crude o

Updated 06 Nov, 2019 05:55am

Oil and Gas

PSO – recouping quickly?

Pakistan State Oil (PSX: PSO) has been seen regaining its market share in recent months in not only its retail volumes b

Updated 31 Oct, 2019 08:25am

Oil and Gas

PPL – stable earnigns in 1QFY20

Significant currency depreciation in FY19 lifted the oil and gas exploration and production sector’s earnings in that ye

Updated 31 Oct, 2019 07:01am

Oil and Gas

BYCO back to profits

Byco Petroleum Pakistan Limited (PSX: BYCO) had a rough FY19 where its earnings turned negative, hampered largely by the

Updated 30 Oct, 2019 06:01am

Oil and Gas

OGDCL : a slow start to FY20

After a good earning’s growth in FY19 primarily due to currency depreciation and as well uptick in realized oil prices –

Updated 29 Oct, 2019 06:39am

Oil and Gas

Shell Pakistan –of better quarter and improved hopes

1HCY19 financial performance of Shell Pakistan Limited (PSX: SHEL) pointed towards a loss ridden CY19 - maybe worse than

Updated 24 Oct, 2019 06:07am

Oil and Gas

PRL in 1QFY20

After posting a staggering decline in earnings for FY19 (loss after tax: Rs5.8billion) Pakistan Refinery Limited's (PSX:

Updated 23 Oct, 2019 01:03pm

Oil and Gas

Attock’s refineries: a turnaround really around the corner?

FY19 wreaked havoc on the downstream oil and gas sector, especially the refining segment where the listed refineries sho

Updated 21 Oct, 2019 06:26am

Oil and Gas

POL: a dull start to FY20

It might be too early to predict any slowdown in the petroleum exploration and production (E&P) sector performance i

Updated 17 Oct, 2019 07:27am

Oil and Gas

APL: hurt by price and volumes

Starting afresh after a weak show in FY19 has not been possible for Attock Petroleum Limited (PSX:APL). The oil marketin

Updated 17 Oct, 2019 07:25am

Oil and Gas

Pakistan Petroleum Limited

Pakistan Petroleum Limited (PSX: PPL) is a key supplier of natural gas in the country. The company is engaged in con

Updated 09 Oct, 2019 07:15am

Oil and Gas

OMC sales 1QFY20: more of the same

product sales by the oil marketing companies recovered slightly in September 2019 on a month-on-month basis primarily b

Updated 23 Oct, 2019 01:45pm

Oil and Gas

Petroleum revenues in sight

It was surprising in the first place to see Ogra having recommended a cut in petroleum prices for October 2019. The gove

Updated 23 Oct, 2019 01:41pm

Oil and Gas

FY19 – a bad year for Byco

From high to low, Byco Petroleum Pakistan Limited has seen its financial performance deteriorate in recent times. Improv

Updated 30 Sep, 2019 06:18am

Oil and Gas

PPLFY19 – devaluation lifts earnings

Pakistan Petroleum Limited (PSX: PPL) announced a 35 percent year-on-year increase in unconsolidated bottom-line for FY1

Updated 27 Sep, 2019 06:09am

Oil and Gas

OGDC standing firm in a choppy environment

Whenever the currency depreciates, there are some sectors that get a lift in their earnings. One such sector is the oil

Updated 19 Sep, 2019 06:04am

Oil and Gas

Oil prices: premium is a given

Oil market needed nothing short of a jolt to get out of the bear spell that was fast becoming the new normal. It instead

Updated 17 Sep, 2019 06:38am

Oil and Gas

GIDC: The legal battle

The Honourable Supreme Court of Pakistan (SC) will take up as many as 107 pending petitions regarding the infamous Gas I

Published 16 Sep, 2019 06:42am

Oil and Gas

Bearish sentiments rule oil

Oil prices having touched a month high are back under pressure. This time around, it is the US EIA’s short term energy o

Updated 12 Sep, 2019 05:55am

Oil and Gas

Low HSD demand dents petroleum revenues

The GST collection on HSD sales in FY19 at Rs129.9 billion was the lowest in six years. That on petrol was the highest e

Updated 04 Sep, 2019 05:04am

Oil and Gas

Petroleum sales: slump continues

The ongoing crash in petroleum product sales is only prolonging. The overall volumetric sales by the sector have seen a

Updated 04 Sep, 2019 06:41am

Oil and Gas

Shell Pakistan in 1HCY19

Shell Pakistan Limited (PSX: SHEL) announced its financial performance for the first half of 2019 earlier last week with

Published 26 Aug, 2019 06:41am

Oil and Gas

Headwinds for the E&P sector?

FY19 has turned out a better year for the oil and gas exploration and production companies not only because of higher cr

Published 21 Aug, 2019 05:44am

Oil and Gas

Gas sector: planning all over the place

The energy sector complexities in contracts and its mismanagement are cascading not only across the energy chain, but co

Published 20 Aug, 2019 05:58am

Oil and Gas

Oil price: bears in for a long haul

These are uncertain times for global commodity markets. And the first casualty of uncertainty before any commodity is oi

Published 19 Aug, 2019 06:00am

Oil and Gas

Attock’s refineries injured and bleeding

Refineries are facing tough times – in terms of profitability as well as their inadequate refining capacity the up grada

Published 16 Aug, 2019 06:10am

Oil and Gas

Petroleum sales wearing off

Petroleum sales have picked up month-on-month - starting FY20 on a better note for the oil marketing companies. But this

Published 07 Aug, 2019 06:38am

Oil and Gas

Energy mess to get messier

When a mistake repeats too many times, the authorities should be held responsible. There is another energy sector crisis

Published 06 Aug, 2019 05:47am

Oil and Gas

MARI in FY19

Where the oil marketing companies were expected to be bruised this result season, the oil and gas exploration and produc

Published 06 Aug, 2019 05:27am

Oil and Gas

Petroleum: all-time highs (and lows)

“Sales tax measures are mostly focused…. enhancing the sales tax of petroleum products,” read the Letter of Intent to th

Published 02 Aug, 2019 06:34am

Oil and Gas

APL – down on inventory and exhange losses

With falling crude oil prices and domestic currency nosediving, the downstream oil marketing sector has been hit with a

Updated 02 Aug, 2019 08:49am

Oil and Gas

OMG! Look at those OMOs

One of the IMF’s quantitative targets is a ceiling on government borrowing from the central bank. The objective is to av

Published 31 Jul, 2019 06:35am

Oil and Gas

POL sturdy in FY19

FY19 has been outlined as a better year for the oil and gas exploration and production companies not only because of hig

Published 31 Jul, 2019 06:21am

Oil and Gas

Doing away with deemed duty

The oil refineries in the country can be pressed for even tougher times in FY20. The government seems to be planning to

Updated 30 Jul, 2019 08:41am

Oil and Gas

Education: two truths and one lie

Here are three facts, spot the lie. One, nearly 23 million children between the ages of 5-16 do not go to school in Paki

Updated 30 Jul, 2019 09:52am

Oil and Gas

SNGPL in 9MFY19

After the much delayed announcement of FY18 financial performance that came from the delayed determination of final reve

Published 26 Jul, 2019 06:45am

Oil and Gas

Gloom for the downstream oil and gas

The listed oil marketing companies and refineries have their board meetings lined up and they will soon be announcing th

Published 25 Jul, 2019 06:38am

Oil and Gas

LNG management

We have more gas in the system than we need. No, you didn’t read it wrong. As a first in a long time, the country’s gas

Published 24 Jul, 2019 06:49am

Oil and Gas

High oil supply outweigh disruptions

Many expected crude oil prices to rally north after the most recent tensions at the Strait of Hormuz as Iran seized a Br

Published 24 Jul, 2019 06:43am

Oil and Gas

Petroleum taxes to go high

The IMF country report on Pakistan is here. So now we know where we are headed, or have promised to be headed, for the L

Published 10 Jul, 2019 06:17am

Oil and Gas

Retail fuels losing steam

It actually is a down cycle in the oil marketing sector as after furnace oil, retail fuels have also lost the force with

Published 10 Jul, 2019 05:58am

Oil and Gas

Petroleum pricing could be simpler

Petroleum pricing is simple business. It has been made so tricky by those at the helm, that it gets people scratching th

Published 09 Jul, 2019 05:18am

Oil and Gas

Will the gas price impact be treated right?

The gas price revision in the midst of World Cup fever and the last minute amnesty filings did not exactly go unnoticed.

Published 05 Jul, 2019 06:03am

Oil and Gas

Nothing igniting oil price rally

The much awaited decision in the global crude oil market has been made. OPEC+ needs oil prices propped up; The OPEC and

Published 05 Jul, 2019 05:47am

Oil and Gas

Petroleum sales FY19: cratering

FY18 saw furnace oil sales plummeting as the government took the decision to phase out fuel oil based power plants; high

Published 03 Jul, 2019 06:15am

Oil and Gas

Ogra’s gas “bomb”

The government may notify revised consumer gas prices later today, having received the ECC nod last week. Don’t be surpr

Published 01 Jul, 2019 06:46am

Oil and Gas

RLNG- more reliance means more imports

RLNG based power generation is quickly taking up furnace oil’s place in not only diversifying the energy mix but by also

Published 27 Jun, 2019 06:41am

Oil and Gas

Crude oil sent roaring

Sentiments and forecasts change overnight for crude oil; prices have been on a roller coaster ride lately as bulls and b

Published 25 Jun, 2019 05:51am

Oil and Gas

Oil sales – not so robust anymore

Petroleum sales: Furnace oil is fast being replaced by other fuels like LNG, coal and others; so has been the petroleum

Published 17 Jun, 2019 06:31am

Oil and Gas

Budget and the downstream oil and gas sector

Federal Budget 2019-20 announced yesterday turned out to be a tougher one in general driven largely by removal of many e

Published 12 Jun, 2019 05:55am

Oil and Gas

Oil prices toppling?

A brutal May and a weak start of June is what summarizes oil prices recently. Their fickle nature is not unknown; yet th

Published 10 Jun, 2019 07:42am

Oil and Gas

Gas prices: U-turn calling

Gas price revision come FY20 is going to be one big challenge. This should not have been the case. Nearly 37 percent of

Published 31 May, 2019 08:38am

Oil and Gas

Gas prices – CPI perspective

Ogra is no stranger to dropping “bombs”. No least when it comes to media reporting, month after month, when the petroleu

Published 29 May, 2019 04:48am

Oil and Gas

Porous borders and HSD

Retail fuel boom seems over as the key fuels like petrol and diesel started consolidating with not only the rising price

Published 27 May, 2019 04:55am

Oil and Gas

Petroleum taxes: taxing times ahead

Another round of petrol price increase is just around the corner. The dollar has gone dearer by the day, and the price i

Published 24 May, 2019 06:18am

Oil and Gas

One step forward and two steps back

That is how things are turning out under the PTI’s government. Attracting (undue) attention is the idea floated by Dr. A

Published 23 May, 2019 05:44am

Oil and Gas

Oil price – as jittery as it gets

As surprising at it may sound, the drone attacks on Saudi Arabia’s two oil pumping stations following the attack on Saud

Published 17 May, 2019 04:56am

Oil and Gas

E&Ps - production running dry?

While the local E&P companies might be seen to boast increased drilling and exploration activity, the ongoing fiscal

Published 15 May, 2019 06:28am

Oil and Gas

SNGPL – of UFG and differential margin

As always, the country’s largest state-owned gas company, SNGPL only recently announced its financial performance for FY

Published 09 May, 2019 03:52am

Oil and Gas

OMC sales – same old story

The 10MFY19 petroleum sales story is nothing to write home about as evident from the continued focus on RLNG and coal in

Published 07 May, 2019 05:21am

Oil and Gas

Power discos: The bleeding goes on

The energy prices hikes that have been shelved for years are now ought to be adjusted under the IMF - the Fund wants to

Published 06 May, 2019 06:56am

Oil and Gas

Petroleum prices: taking the easier route

A seven percent month-on-month petrol price increase last month was widely termed a ‘petrol bomb’. Signing on Ogra’s rec

Published 03 May, 2019 06:40am

Oil and Gas

PPL remains robust

Higher crude oil prices and Rupee depreciation have been the key drivers for earnings accretion in the oil and gas E&amp

Published 03 May, 2019 06:32am

Oil and Gas

HASCOL – back in the groove?

An 8 percent year-on-year decline in earnings for 1QCY19 by Hascol Petroleum Limited (PSX: HASCOL) doesn’t look flatteri

Published 03 May, 2019 06:20am

Oil and Gas

OGDC remains robust

The domestic oil and gas E&P sector’s financials have been benefiting from not only the higher crude oil prices, but

Published 29 Apr, 2019 06:34am

Oil and Gas

SHELL – marred by inventory losses

Shell Pakistan Limited (PSX: SHEL) announced its financial performance for the first quarter of 2019 earlier this week w

Published 26 Apr, 2019 05:58am

Oil and Gas

PSO: earnings continue to slide

Pakistan State Oil (PSX:PSO) announced its financial performance for 9MFY19 earlier this week, which was not very differ

Published 24 Apr, 2019 06:37am

Oil and Gas

Oil battle heats up

Having gained 30 percent since the start of the year, international crude oil prices showed the first signs of weakening

Published 17 Apr, 2019 06:30am

Oil and Gas

Attock’s refineries — losses worsening

The refining segment is beleaguered as the oil and gas sector keeps moving away from furnace oil – once a key fuel in th

Published 17 Apr, 2019 06:26am

Oil and Gas

POL’s earnings up on oil and currency depreciation

The oil and gas exploration and production sector has benefited largely from the massive currency depreciation and the c

Published 16 Apr, 2019 06:43am

Oil and Gas

APL in 9MFY19

The oil marketing segment in the country has been in difficult times recently. Besides the phasing out of furnace oil, d

Published 15 Apr, 2019 06:49am

Oil and Gas

Don’t fix prices – but don’t do business too

Fixing prices should not be the government’s job. The government’s decision in principle to let the energy pricing be do

Published 05 Apr, 2019 06:34am

Oil and Gas

Petroleum sales under duress

Dwindling volumes have been seen in the petroleum sector in the recent past. Furnace oil particularly has been facing th

Published 03 Apr, 2019 06:44am

Oil and Gas

Petroleum prices: It is the dollar!

If the Prime Minister and Asad Umar could unsay one of many statements they would want to, the criticism on petroleum pr

Updated 02 Apr, 2019 07:38am

Oil and Gas

LNG: Qatar deal isn’t all that bad

The Qatar Pakistan LNG deal is once again under scrutiny. The pattern usually follows the announcement of tender commerc

Published 01 Apr, 2019 05:43am

Oil and Gas

Oil prices choppy

Last time this space talked of the crude oil prices, there was tussle going on between the bulls and the bears. Higher d

Published 29 Mar, 2019 05:42am

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	278.57
USD PKR Interbank Buying / Jun 9	278.37
USD to Japanese Yen / Jun 9	160.20
USD to Swiss Franc / Jun 9	0.80
Pound Sterling to USD / Jun 9	1.34
Euro to USD / Jun 9	1.15
SOFR % / Jun 9	3.63

Stock	Volume
S&P 500 / Jun 8	7,405.73
Nasdaq / Jun 8	25,929.66
Dow Jones / Jun 8	50,786.01
India Sensex / Jun 9	73,776.79
Tokyo Nikkei / Jun 9	65,416.63
Hang Seng / Jun 9	24,565.90
FTSE 100 / Jun 9	10,338.50
Germany DAX 30 / Jun 9	24,715.57
France CAC40 / Jun 9	8,262.73

Item	Value
Crude Oil USD/Barrel / Jun 9	89.19
Gold 10 Grams PKR / Jun 9	389,534
Gold Spot USD/Ounce / Jun 9	4,335.23
Cotton US¢/pound / Jun 9	77.45
Petrol/Litre / Jun 10	377.78
Diesel/Litre / Jun 10	380.78

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / Jun 9 First Al-Noor Modaraba(FANM)	7.39 ▲ 0.86 (13.17%)
First Fid. Leasing / Jun 9 First Fidelity Leasing Modaraba(FFLM)	9.67 ▲ 1 (11.53%)
Chenab Ltd / Jun 9 Chenab Limited(CHBL)	10.25 ▲ 1 (10.81%)
TPL REIT Fund I / Jun 9 TPL REIT Fund I(TPLRF1)	9.06 ▲ 0.83 (10.09%)
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	11.31 ▲ 1.03 (10.02%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	25.69 ▲ 2.34 (10.02%)
Redco Textile / Jun 9 Redco Textiles Limited(REDCO)	28.68 ▲ 2.61 (10.01%)
Burshane LPG / Jun 9 Burshane LPG (Pakistan) Limited(BPL)	56.86 ▲ 5.17 (10%)
Cherat Packaging / Jun 9 Cherat Packaging Limited(CPPL)	83.72 ▲ 7.61 (10%)
Leather Up Ltd. / Jun 9 Leather Up Limited(LEUL)	38.73 ▲ 3.52 (10%)

Stock	Price
Pak Qatar Family / Jun 9 Pak Qatar Family Takaful Limited(PAKQATAR)	25.72 ▼ -2.86 (-10.01%)
Zuma Resources / Jun 9 Zuma Resources Limited(ZUMA)	79.08 ▼ -8.79 (-10%)
Ideal Spinning / Jun 9 Ideal Spinning Mills Limited(IDSM)	69.56 ▼ -7.71 (-9.98%)
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	11.32 ▼ -0.99 (-8.04%)
Ruby Textile / Jun 9 Ruby Textile Mills Limited(RUBY)	17.06 ▼ -1.43 (-7.73%)
Javedan Corp.(Pref) / Jun 9 Javedan Corp.(Pref)(JVDCPS)	63.15 ▼ -5.25 (-7.68%)
Shakarganj / Jun 9 Shakarganj Limited(SML)	122.02 ▼ -7.83 (-6.03%)
Cresent Jute / Jun 9 Crescent Jute Products Limited(CJPL)	13.86 ▼ -0.85 (-5.78%)
Pak Qatar Gen.Takaful / Jun 9 Pak Qatar General Takaful Limited(PQGTL)	17.34 ▼ -1.03 (-5.61%)
Shahtaj Sugar / Jun 9 Shahtaj Sugar Mills Limited(SHJS)	161.83 ▼ -9.17 (-5.36%)

Stock	Volume
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	56,532,004 ▲ 1.03
TPL Corp Ltd / Jun 9 TPL Corp Limited(TPL)	50,805,586 ▲ 1.3
Pace (Pak) Ltd. / Jun 9 Pace (Pakistan) Limited(PACE)	46,226,087 ▲ 0.49
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	25,502,243 ▲ 0.01
Waves Home Appliances / Jun 9 Waves Home Appliances Limited(WAVESAPP)	23,147,389 ▲ 0.42
TRG Pak Ltd / Jun 9 TRG Pakistan Limited(TRG)	19,523,819 ▲ 2.13
First Dawood Prop. / Jun 9 First Dawood Properties Limited(FDPL)	16,241,622 ▲ 0.31
TPL REIT Fund I / Jun 9 TPL REIT Fund I(TPLRF1)	16,207,570 ▲ 0.83
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	16,047,600 ▼ -0.99
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	15,523,458 ▲ 0.17

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