Business Recorder

• US politicians make progress on coronavirus aid bill.
• New US coronavirus cases fall to lowest since early July.
• Renewed lockdowns and higher oil supply weigh on prices.
• Investors focus on fuel demand recovery.

• Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below.

• US West Texas Intermediate (WTI) crude futures eased 4 cents, or 0.1pc to $40.97 a barrel at 0655 GMT, while Brent crude futures fell 11 cents, or 0.3pc to $44.04 a barrel.

SINGAPORE: Pakistan LNG is seeking an additional liquefied natural gas (LNG) cargo for delivery in August, according...

LAHORE: The anti-power theft squad of the Lahore Electric Supply Company (Lesco) detected various irregularities in...

NEW YORK: Oil prices were up more than 1% on Monday on positive economic data from the United States, Europe and...

• Fears over rising COVID-19 cases weigh on market.
• Brent rangebound between $41 and $45/bbl over past month.

• From this month cuts will officially taper to 7.7 million bpd until December.

LAHORE: Fuel cost and auxiliary consumption (AC) are prime factors behind the high cost of electricity generation in...

NEW YORK: Oil prices rose on Friday and were on track for monthly gains, benefiting from news that US oil output ...

NEW YORK: Exxon Mobil and Chevron suffered losses in the latest quarter as the weakened economic outlook due to the...

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has issued notification of new prices of LPG for the month of...

PESHAWAR: All necessary arrangements have been made to ensure continuous power supply in the province during...

• Dollar extends declines after collapse in US GDP.
• Weaker dollar boosts commodity prices.
• Weak refining margins and lower Chinese oil demand weigh.

• US crude gained 50 cents, or 1.25pc, to $40.42 after dropping 3.3pc in the previous session, also off lows not seen since July 10.

• The within-day contract was up 0.25 pence at 13.05 p/therm by 0919 GMT.

KARACHI: During the recent rains, K-Electric (KE) highlighted operational challenges created due to over 2,000...

LAHORE: A little effort has been made by the government to generate power from animal dung, carrying a power...

PARIS: Total suffered its first net loss in five years in the second quarter due to the plunge in crude prices...

LONDON: Anglo-Dutch energy major Royal Dutch Shell posted Thursday a colossal net loss of $18.1 billion (15.4 ...

• The US Energy Information Administration said utilities injected just 26 billion cubic feet (bcf) of gas into storage in the week ended July 24.
• On its first day as the front-month, gas futures for the most active September contract fell 10.1 cents, or 5.2%, to settle at $1.829 per million British thermal units.

• Surging COVID-19 cases dent fuel demand outlook.
• US economy contracts at steepest rate since Great Depression.

• It was unclear how extensive the cuts will be. The largest US oil company slashed this year's budget by 30% in April.
• Exxon is expected to report a $2.63 billion second-quarter loss, according to Refinitiv Eikon data.

• UK gas system was 18.9 million cubic metres (mcm) oversupplied, with demand forecast at 151.2 mcm and supply at 170.1 mcm, National Grid data showed.

• The most-active Brent crude contract for October fell 51 cents, or 1.2pc, to $43.58 a barrel at 0907 GMT.

• Exports from Basra and other southern Iraq terminals to July 29 averaged 2.75 million bpd, based on figures from Refinitiv Eikon and an industry source.

ISLAMABAD: The federal government is likely to increase the prices of petroleum products by up to Rs9.50 per litre...

SINGAPORE: Asia's naphtha crack eased 1.67% from a near 2-1/2-week high to $83.83 a tonne on Tuesday as buying ...

NEW York: US natural gas futures jumped almost 4% on Tuesday as pipeline exports increase despite forecasts for less...

NEW YORK: Oil prices inched up on Wednesday after a steep drop in US crude inventories, but another record day for...