Trends - Crude Oil - Business Recorder

Crude Oil

ADNOC announces three new oil discoveries

Abu Dhabi National Oil Company (ADNOC) on Thursday announced three oil discoveries including one at Bu Hasa, Abu...

Published 19 May, 2022 09:44pm

Markets

Oil prices recoup losses on renewed supply worries, dollar weakness

NEW YORK: Oil prices rebounded from earlier losses on Thursday as Chinese officials planned to ease restrictions in...

Updated 19 May, 2022 09:38pm

Markets

Oil falls 2% as US refiners ramp up output, equities retreat

HOUSTON: Oil prices reversed course and fell over 2% on Wednesday after government data showed U.S. refiners ramped...

Updated 18 May, 2022 09:47pm

Markets

Oil rises to 7-week high on EU’s Russian oil ban effort, demand hopes

NEW YORK: Oil prices rose to over $115 a barrel on Tuesday, their highest in about seven weeks, supported by the...

Updated 17 May, 2022 09:38pm

Markets

Saudi expects 13 million bpd oil capacity by 2027: minister

MANAMA: Saudi Arabia expects to ramp up its daily oil production capacity by more than one million barrels to exceed...

Published 16 May, 2022 05:59pm

Markets

Saudi Arabia crude exports fall to 7.235mn bpd in March

Saudi Arabia’s crude oil exports in March fell to 7.235 million barrels per day from 7.307 million bpd in February,...

Published 16 May, 2022 05:04pm

Markets

Russian diesel discount offers big margins in two-tier European trade

LONDON: Russian diesel is trading at a steep discount to the fuel produced by other countries, traders said,...

Published 11 May, 2022 05:48pm

Markets

China oil imports rebound in April

SINGAPORE: China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in...

Published 11 May, 2022 04:58am

Markets

US oil dips below $100 a barrel on economic worries, strong dollar

HOUSTON: The US crude oil price dipped below $100 a barrel on Tuesday to its lowest level in two weeks as the demand...

Published 11 May, 2022 04:58am

Markets

Oil drops, pressured by economic worries, strong dollar

HOUSTON: Oil prices fell $1 on Tuesday, with the demand outlook pressured by coronavirus lockdowns in China and...

Updated 10 May, 2022 09:36pm

Markets

Brent oil may fall into $106.21-$108.24 range

SINGAPORE: Brent oil may fall into a range of $106.21 to $108.24 per barrel, as it failed a few times to break a...

Published 09 May, 2022 10:41am

Markets

Oil prices tumble, weighed down by China lockdowns

NEW YORK: Oil prices sank 4% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil...

Updated 09 May, 2022 08:58pm

Business & Finance

Rouble eases from over 2-year high vs euro

MASCOW: The Russian rouble hit a more than two-year high against the euro before easing on Friday and hovered near ...

Published 09 May, 2022 05:39am

Markets

Saudi, Egypt gain as markets reopen after Eid holiday; Qatar slips

Saudi Arabia's stock market rose on Sunday as it reopened after a week of public holidays to celebrate Eid and was...

Updated 08 May, 2022 09:35pm

Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.750...

Published 07 May, 2022 05:46am

Markets

U.S. fuel prices surge faster than crude as exports tighten market

NEW YORK: U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has...

Published 06 May, 2022 11:27am

Markets

Investors keep power dry ahead of Fed, crude jumps

LONDON: Global stocks were little changed on Wednesday as investors kept their powder dry ahead of an expected...

Published 04 May, 2022 01:53pm

Markets

Oil falls on China growth worries as EU weighs Russian crude ban

LONDON: Oil prices fell on Monday as concerns over weak economic growth in China, the world's top oil importer,...

Updated 02 May, 2022 08:24pm

Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.062...

Published 30 Apr, 2022 05:53am

Business & Finance

Lyondell CEO says Houston refinery needs ‘significant’ capital investment

HOUSTON: Lyondell Basell Industries interim Chief Executive Kenneth Lane said on Friday that operating the chemical...

Published 30 Apr, 2022 05:53am

Markets

Oil extends gains as supply fears outweigh China lockdowns

LONDON: Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19...

Updated 29 Apr, 2022 03:03pm

Markets

Oil prices dip as dollar soars, US crude stocks edge higher

NEW YORK: Oil prices dipped on Wednesday as a soaring US dollar made barrels more expensive and coronavirus ...

Published 28 Apr, 2022 05:37am

Markets

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.378...

Published 28 Apr, 2022 05:37am

Markets

Oil prices dip as Europe turns away from Russian oil, dollar soars

Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe’s biggest economy Germany...

Updated 27 Apr, 2022 07:21pm

Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.859...

Published 27 Apr, 2022 05:19am

BR Research

LNG imports to outpace crude oil

Plenty of analysts have had sleepless nights over the ballooning energy import bill. Calls to curb demand have been...

Published 26 Apr, 2022 08:16am

Markets

Oil slides as Shanghai lockdowns stoke demand fears

LONDON: Oil slumped almost 6% to its lowest in almost two weeks on Monday, extending last week's decline as concern...

Updated 25 Apr, 2022 08:03pm

Markets

Raw sugar prices turn higher, buoyed by crude oil gains

LONDON: Raw sugar futures on ICE turned higher on Thursday, with gains in crude oil helping to support prices as ...

Published 22 Apr, 2022 05:36am

Markets

China imports 13% less crude oil from Saudi in March, 14% less from Russia

Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot,...

Published 20 Apr, 2022 11:39am

Markets

Oil rebounds as supply concerns dominate

LONDON: Oil prices rebounded on Wednesday as a drop in U.S. oil inventories and concerns over tighter supplies from...

Updated 20 Apr, 2022 08:00pm

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 20 B.F. Modaraba(BFMOD)	6.00 ▲ 1.00 (20.00%)
Pak Gulf Leasing / May 20 Pak-Gulf Leasing Company Limited(PGLC)	6.00 ▲ 1.00 (20.00%)
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	1.24 ▲ 0.16 (14.81%)
Paramount Mod / May 20 First Paramount Modaraba(FPRM)	8.00 ▲ 1.00 (14.29%)
Service Textile / May 20 Service Industries Textiles Limited(SERT)	10.90 ▲ 0.90 (9.00%)
Ruby Tex. / May 20 Ruby Textile Mills Limited(RUBY)	4.00 ▲ 0.30 (8.11%)
Aisha Steel Mill / May 20 Aisha Steel Mills Limited(ASL)	11.85 ▲ 0.86 (7.83%)
First Imrooz Mod. / May 20 First Imrooz Modaraba(FIMM)	134.38 ▲ 9.37 (7.50%)
Janana D Mal / May 20 Janana De Malucho Textile Mills Limited(JDMT)	55.04 ▲ 3.84 (7.50%)
Sapphire Textile / May 20 Sapphire Textile Mills Limited(SAPT)	1004.55 ▲ 70.05 (7.50%)

Stock	Price
East West Ins. / May 20 East West Insurance Company Limited(EWIC)	77.07 ▲ -12.49 (-13.95%)
Pak. P.V.C. / May 20 Pakistan PVC Limited(PPVC)	4.32 ▲ -0.42 (-8.86%)
Trust Mod. / May 20 Trust Modaraba(TRSM)	1.66 ▲ -0.14 (-7.78%)
Crescent Cotton / May 20 Crescent Cotton Mills Limited(CCM)	46.25 ▲ -3.75 (-7.50%)
Gatron Ind. / May 20 Gatron (Industries) Limited(GATI)	415.10 ▲ -33.65 (-7.50%)
AL-Noor Sugar / May 20 Al-Noor Sugar Mills Limited(ALNRS)	61.86 ▲ -5.01 (-7.49%)
Frontier Ceram / May 20 Frontier Ceramics Limited(FRCL)	29.60 ▲ -2.39 (-7.47%)
S.G.Power / May 20 S.G. Power Limited(SGPL)	4.45 ▲ -0.35 (-7.29%)
Imperial Limited / May 20 Imperial Limited(IML)	13.95 ▲ -1.06 (-7.06%)
Pace (Pak) Ltd. / May 20 Pace (Pakistan) Limited(PACE)	2.99 ▲ -0.22 (-6.85%)

Stock	Volume
Ghani Glo Hol / May 20 Ghani Global Holdings Limited(GGL)	15,051,376 ▼ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,323,000 ▼ 0.00
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	13,067,500 ▼ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	9,576,000 ▼ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	7,490,536 ▼ 0.00
Fauji Cement / May 20 Fauji Cement Company Limited(FCCL)	6,985,000 ▼ 0.00
Unity Foods Ltd / May 20 Unity Foods Limited(UNITY)	6,435,098 ▼ 0.00
Engro Polymer / May 20 Engro Polymer & Chemicals Limited(EPCL)	5,808,622 ▼ 0.00
Pak Int.Bulk / May 20 Pakistan International Bulk Terminal(PIBTL)	5,229,500 ▼ 0.00
Pak Elektron / May 20 Pak Elektron Limited(PAEL)	5,056,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 19	199.00
USD PKR Interbank Buying / May 19	198.80
USD to Japanese Yen / May 19	128.45
USD to Swiss Franc / May 19	0.99
Pound Sterling to USD / May 19	1.23
Euro to USD / May 19	1.05
UK LIBOR % / May 19	0.82

Stock	Volume
S&P 500 / May 19	3923.68
India Sensex / May 19	54208.53
Tokyo Nikkei / May 19	26205.29
Nasdaq / May 19	11418.16
Hang Seng / May 19	20041.14
FTSE 100 / May 19	7438.09
Dow Jones / May 19	31490.07
Germany DAX 30 / May 19	14007.76
France CAC40 / May 19	6352.94

Item	Value
Crude Oil / May 19	110.10
Karachi Cotton Assoc. / May 19	21180.00
Gold 10 Grams / May 19	113300.00
Gold Spot / May 19	1815.89
Cotton / May 19	128.99

Crude Oil

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