Trends - Crude Oil - Business Recorder

Markets

Oil down $1 as investors watch Red Sea developments

LONDON: Oil prices fell by $1 a barrel on Wednesday, eating into the previous day’s gains as investors monitored...

Updated 27 Dec, 2023 10:19pm

Markets

Oil jumps on ME strife, US rate cut hopes

HOUSTON: Oil jumped 3% on Tuesday to its highest level this month, as further attacks on ships in the Red Sea...

Published 27 Dec, 2023 05:15am

Markets

Oil prices gain around 1% as Red Sea tension persists

LONDON: Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on...

Updated 22 Dec, 2023 10:03pm

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 15.724...

Published 22 Dec, 2023 05:22am

Markets

Angola says it is leaving OPEC

LUANDA/LONDON: Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is...

Published 21 Dec, 2023 06:29pm

Markets

Oil falls over demand concerns after US inventory build

TOKYO: Oil prices fell on Thursday as concerns over low demand following a surprise US crude inventory build...

Updated 21 Dec, 2023 01:04pm

Markets

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 15.768...

Published 21 Dec, 2023 03:54am

Markets

Saudi Aramco to supply full oil volumes to some North Asia refiners in Jan 2024

SINGAPORE: Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes...

Published 11 Dec, 2023 12:34pm

Markets

Oil prices edge down with investors still wary

LONDON: Oil prices dipped on Monday as worries persisted around crude oversupply despite OPEC+ cuts and softer fuel...

Updated 11 Dec, 2023 06:28pm

Markets

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 23.617...

Published 10 Dec, 2023 03:33am

Markets

Oil gains but records seventh weekly decline

BENGALURU: Oil prices rose more than 2% on Friday after US data supported expectations of demand growth, but both...

Published 10 Dec, 2023 03:33am

World

Bangladesh puts to use China-built crude oil offloading facility

Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the...

Published 08 Dec, 2023 03:21pm

Markets

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR21.996 ...

Published 05 Dec, 2023 03:01am

Markets

Oil falls on demand fears and doubts over OPEC+ cuts

LONDON: Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on...

Updated 04 Dec, 2023 06:59pm

BR Research

Opec’s cut: Not enough?

The immediate reaction to Opec’s meeting outcome has surprised many. Brent and WTI edged lower after the cartel...

Published 04 Dec, 2023 07:36am

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 16.860...

Published 01 Dec, 2023 04:43am

Markets

Oil prices fall amid skepticism on OPEC+ supply cuts

Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to...

Updated 30 Nov, 2023 10:30pm

Markets

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR26.970...

Published 30 Nov, 2023 04:53am

Markets

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns support

LONDON: Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output...

Updated 29 Nov, 2023 04:58pm

BR Research

Pakistan Oilfields Limited

Pakistan Oilfields Limited (PSX: POL is a subsidiary of the Attock Oil Company Limited (AOC), and is engaged in the...

Published 29 Nov, 2023 08:40am

Markets

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output

NEW YORK: Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a...

Updated 28 Nov, 2023 09:37pm

Markets

Brent crude oil flirts with $80 ahead of OPEC+ meeting

HOUSTON: Oil prices fell on Monday, with the Brent benchmark hovering around $80 a barrel as investors awaited this...

Published 28 Nov, 2023 04:57am

Markets

Brent falls below $80 ahead of OPEC+ meeting

LONDON: Oil prices fell on Monday, with the Brent benchmark dropping below $80 a barrel as investors awaited this...

Updated 27 Nov, 2023 06:11pm

Markets

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 8.624...

Published 26 Nov, 2023 03:31am

Markets

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.262...

Published 23 Nov, 2023 03:19am

Markets

Oil retreats on caution ahead of OPEC+ meeting

SINGAPORE: Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned...

Updated 21 Nov, 2023 03:19pm

Markets

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 14.442...

Published 21 Nov, 2023 06:01am

Markets

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 18.103...

Published 19 Nov, 2023 03:14am

Markets

Saudi Arabia’s crude exports rise in September

Saudi Arabia’s crude oil exports in September rose 3% from the previous month to 5.75 million barrels per day (bpd),...

Published 16 Nov, 2023 05:39pm

Markets

Oil dips on prospect of peak US production, despite strong demand signals

LONDON: Oil prices dipped on Wednesday amid signs the United States, the world’s biggest oil producer, is at peak...

Updated 15 Nov, 2023 03:56pm