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asia oil

Asia’s collapsing refinery margins undermine bullish crude case: Russell

LAUNCESTON: There is an increasing disconnect between the forecasts for strong global oil demand growth this year,...

Published 18 Apr, 2023 11:30am

Markets

China and India keep Asia’s crude oil imports robust in March: Russell

LAUNCESTON: Asia’s imports of crude oil stayed at relatively robust levels in March, as strong inflows to the...

Published 06 Apr, 2023 10:47am

Markets

Russian sanctions shift oil price-making power to Asia from Europe

LONDON: Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a...

Published 14 Mar, 2023 12:00pm

Markets

Asia diesel profits wane as China boosts exports, market adapts to Russia: Russell

LAUNCESTON: The profit for making diesel in Asia has dropped to the lowest in almost a year, a sign that the market...

Published 20 Feb, 2023 10:43am

Markets

Saudi Arabia may raise July crude oil prices for Asia

SINGAPORE: Top oil exporter Saudi Arabia may raise prices of all grades of crude it sells to Asia in July following...

Published 06 Jun, 2022 09:38am

Markets

Kuwait raises May crude prices to Asia to record levels

SINGAPORE: Kuwait has raised the official selling prices for two crude grades it sells to Asia in May to record...

Published 11 Apr, 2022 10:34am

Markets

Oil slips ahead of US jobs report

US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $69.75 a barrel at 0200 GMT, while Brent crude futures fell 13 cents, or 0.2%, to $72.90 a barrel

Published 03 Sep, 2021 09:57am

Markets

Brent oil may drop more to $70.47

It could be technically interpreted as a break below $71.86.

Published 01 Sep, 2021 09:29am

Markets

Brent oil may retest resistance at $73.58

The rise looks very slow and the correction triggered by $73.58 is too deep

Published 31 Aug, 2021 10:43am

Markets

US oil may retest resistance at $69.73

The surge on Aug. 27 confirmed an extension of the uptrend from the Aug. 23 low of $61.74

Published 30 Aug, 2021 10:45am

Markets

US oil may retest support at $66.96

The failures suggest the formation of a top around $68.35

Published 27 Aug, 2021 10:38am

Markets

Brent oil may retest support at $70.47

It represents a weak market sentiment that could drive the price further down

Published 27 Aug, 2021 10:35am

Markets

Brent oil may drop to $70.47

The divergence makes a break above a resistance at $71.86 doubtful

Published 26 Aug, 2021 11:00am

Markets

US oil may stabilise around $66.96 and rise

The current shallow correction is regarded as a pullback towards the former resistance at $66.96, now a support

Published 25 Aug, 2021 10:44am

Markets

Brent oil may test resistance at $71.86

Support is at $70.47, a break below which could cause a fall to $69.09

Published 25 Aug, 2021 10:41am

Markets

US oil may rise to $67.48

Oil could be rising towards the peak of a wave b at $69.62 or the peak of the wave (b) at $74.21

Published 24 Aug, 2021 11:03am

Markets

US oil may bounce to $64.01 before falling

The contract is riding on a wave c from $69.62, which is expected to travel to $60.54

Published 23 Aug, 2021 09:58am

Markets

Brent oil may bounce to $67.39 before falling

The bounce will have little impact on the steady downtrend, which may extend into $59.55-$62.01 range, as the wave c did not complete around $65.98

Published 23 Aug, 2021 09:56am

Markets

Oil rises but set for 5% weekly drop as Delta variant spreads

Broader investor risk aversion also weighed on oil with the US dollar jumping to a nine-month high on signs the US Federal Reserve is considering reducing stimulus this year

Published 20 Aug, 2021 12:09pm

Markets

Oil drops to below $66, lowest since May, on demand concerns

LONDON: Oil dropped to below $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker...

Updated 19 Aug, 2021 08:53pm

Markets

US oil may keep bouncing to $68.49

On the daily chart, oil failed to break a support at $66.44 again. Trending signals are rather mixed, as the tug of war between bulls and bears around $66.44 has not ended

Published 17 Aug, 2021 10:40am

Markets

Brent oil may bounce more to $70.95

The current wave c has briefly pierced above a resistance at $69.67

Published 17 Aug, 2021 10:34am

Markets

Brent oil may fall to $69.07

This relation, along with the deep fall from the Aug. 12 high of $71.90, suggests a completion of the bounce

Published 16 Aug, 2021 12:32pm

Markets

Oil prices slide as Chinese fuel demand falters

Brent crude was down 75 cents, or 1.1%, at $69.84 a barrel by 0442 GMT. US oil fell by 76 cents, or 1.1%, to $67.68 a barrel

Published 16 Aug, 2021 10:26am

Markets

US oil may retest resistance at $69.30

8 The contract could be riding on a wave (d), the fourth wave of a presumed wedge developing from the July 6 high of $76.98. Three smaller waves make up this wave

Published 13 Aug, 2021 11:41am

Markets

Brent oil may retest resistance at $71.85

Three smaller waves make up this wave. The current wave c has briefly travelled above its 76.4% projection level of $71.85. Chances are it may extend to $72.71

Published 13 Aug, 2021 11:38am

Markets

Brent oil may test resistance at $72.41

Support is at $71.18, a break below which could cause a fall to $69.95

Published 12 Aug, 2021 11:05am

Markets

Brent oil may end weak bounce around $69.95

A break above $69.95 could lead to a gain to $71.18. On the daily chart, oil has pierced below a support at $68.43

Published 10 Aug, 2021 11:20am

Markets

Brent oil may retest support at $69.95

The key focus is on a pivotal support of $68.43, which plays an important role in evaluating the following direction

Published 06 Aug, 2021 10:55am

Markets

US oil heads for largest weekly loss since Oct as Delta variant fans demand worries

Daily new COVID-19 cases in the United States have climbed to a six-month high

Published 06 Aug, 2021 10:26am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
FTSE 100 / May 20	8424.20
Dow Jones / May 20	39806.77
Germany DAX 30 / May 20	18768.96
France CAC40 / May 20	8195.97
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68

Item	Value
Gold 10 Grams PKR / May 20	214678
Petrol/Litre / May 21	273.10
Crude Oil USD/Barrel / May 21	79.32
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold Spot USD/Ounce / May 21	2414
Diesel/Litre / May 21	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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