Trends - crude oil price - Business Recorder

crude oil price

OPEC sticks to oil demand view, shifts key forecast to OPEC+

LONDON: OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would...

Published 14 May, 2024 05:54pm

Markets

Brent hovers above $83 as inflation data takes centre stage

LONDON: Oil prices edged higher on Monday after losing about $1 a barrel in the previous session on signs that U.S....

Updated 13 May, 2024 06:30pm

Markets

Iraq hopes oil reserves will exceed 160bn barrels: minister

BAGHDAD: Iraq, one of the world’s biggest oil producers, aims to boost its crude reserves to more than 160 billion...

Published 11 May, 2024 06:34pm

Markets

Oil benchmark Brent above $84 on perky US, China demand signals

LONDON: Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in...

Updated 10 May, 2024 11:57pm

BR Research

OGDC – A weaker 3Q

The largest E&P in the country announced its financial performance for 3QFY24 recently where earnings were seen...

Published 10 May, 2024 08:59am

Markets

Oil slides as easing supply concerns overshadow ME tensions

NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of...

Published 08 May, 2024 07:33am

Markets

Oil falls 3%, extends losses after US inflation data

LONDON: Oil fell 3% on Tuesday, with Brent crude hitting the lowest since June after U.S. consumer prices rose in...

Updated 12 Dec, 2023 09:03pm

Opinion

Mixed economic trends

The first five months of 2023-24 have witnessed upturns and downturns both globally and within Pakistan. There was...

Published 12 Dec, 2023 05:28am

BR Research

Oil prices - a rally coming soon?

The global crude oil price had been stuck near $75 since May this year. After resisting the prevailing pessimism for...

Published 13 Jul, 2023 08:09am

Markets

Oil drops 1% as market frets about risk of US rate hike

NEW YORK: Oil prices fell over 1% on Thursday as the market digested the higher likelihood of a U.S. interest rate...

Updated 06 Jul, 2023 09:01pm

Markets

Oil prices rise ahead of US holiday demand indicators

BENGALURU: US crude oil gained 3% on Wednesday, narrowing the price gap with global benchmark Brent in a ...

Published 06 Jul, 2023 05:42am

Markets

Oil rises after Russia says it could cut output due to price cap

NEW YORK: Oil prices rose by $2 per barrel on Friday after Moscow said it could cut crude output in response to the...

Updated 23 Dec, 2022 09:20pm

Markets

US oil may retest support at $77.16

SINGAPORE: U.S. oil may retest a support at $77.16 per barrel, a break below which could open the way towards...

Published 23 Dec, 2022 10:51am

Markets

Oil steadies as rate hike fears counter tighter US stockpiles

NEW YORK: Oil steadied on Thursday after hitting its highest price in two and a half weeks as the impact of tighter...

Published 23 Dec, 2022 05:54am

Markets

Saudi crude exports surge to 29-month high in September

Saudi Arabia’s crude oil exports rose for a fourth straight month in September to the highest in 29 months, data...

Published 17 Nov, 2022 08:08pm

BR Research

Petroleum pricing: Tough times ahead

As international crude oil prices gained momentum in the first two weeks of November, observers in Pakistan expected...

Published 17 Nov, 2022 07:44am

Markets

OPEC decision to cut output could hurt Pakistan's economy

The group is motivated to keep prices higher in order to shore up fiscal revenues of member countries, says brokerage house AKD Securities

Updated 06 Oct, 2022 11:13pm

Markets

Saudi Arabia’s crude oil exports, output rise in June

Saudi Arabia’s crude oil exports rose in June, while output increased to a more than two-year high, data from the...

Published 17 Aug, 2022 05:44pm

POL products’ prices: OMCs estimate up to Rs28.44/litre hike

Prices of petrol and HSD will further increase if government includes Rs 7 per litre petroleum dealers’ margin

Updated 30 Jul, 2022 12:38pm

World

Iraq will implement federal court ruling on Kurdish oil industry

BAGHDAD: The Iraqi oil minister said on Sunday that Iraq would implement a ruling from its federal court in February...

Published 19 Jun, 2022 04:50pm

Markets

Oil slumps 5% on recession concerns, U.S. gasoline price drop

NEW YORK: Oil prices tumbled about 5% to a three-week low on Friday, led by a slump in U.S. gasoline futures, as...

Updated 17 Jun, 2022 09:51pm

Markets

Asia’s gasoline margin rises

NEW DELHI: Asia’s gasoline crack extended gains on Thursday after a surprise drop in the US stocks lifted market...

Published 17 Jun, 2022 06:37am

Markets

Platts to include WTI Midland in Brent benchmark from June 2023

LONDON: S&P Global Platts will include U.S. crude oil grade WTI Midland in its Brent price assessment from June...

Published 08 Jun, 2022 07:57pm

Markets

Oil jumps to 13-week high on rising US gasoline demand

NEW YORK: Oil prices rose about 2% to a 13-week high on Wednesday as US demand for gasoline has kept rising despite...

Updated 08 Jun, 2022 10:12pm

Opinion

Imperatives for FY23 budget

The federal budget for 2022-23 is to be presented by the coalition government on the 10th of June in the National...

Published 07 Jun, 2022 05:47am

Markets

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

Saudi’s record crude oil price for Asia shows Russia war impact

LAUNCESTON, (Australia): The jump in Saudi Arabia’s crude oil prices for its Asian customers is a real world...

Published 06 Apr, 2022 05:53am

Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 12.423...

Published 05 Jan, 2022 05:36am

BR Research

Petroleum pricing: some respite

The respite in global crude oil price finally offered a breather to retail gasoline prices, without the government...

Published 17 Dec, 2021 08:03am

Markets

Saudi Arabia's October crude oil exports hit 18-month high

Saudi Arabia's crude oil exports in October rose for a sixth straight month to their highest since April 2020, the...

Published 16 Dec, 2021 07:33pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.32
USD to Swiss Franc / May 22	0.91
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.09

Stock	Volume
S&P 500 / May 21	5321.41
Nasdaq / May 21	16832.63
FTSE 100 / May 21	8416.45
Dow Jones / May 21	39872.99
Germany DAX 30 / May 21	18726.76
France CAC40 / May 21	8141.46
India Sensex / May 22	74007.26
Tokyo Nikkei / May 22	38615.77

Item	Value
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold 10 Grams PKR / May 21	213048
Petrol/Litre / May 22	273.10
Crude Oil USD/Barrel / May 22	79.26
Gold Spot USD/Ounce / May 22	2413.48
Diesel/Litre / May 22	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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