Trends - Crude Oil - Business Recorder

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 26.748...

Published 22 Sep, 2023 03:33am

Markets

Oil prices continue to rally on tight supply

LONDON: Global oil benchmark Brent crude hovered above $94 a barrel on Monday, with investors focused on the...

Updated 18 Sep, 2023 04:58pm

Markets

KP produces 31,000 barrels of crude oil per day

PESHAWAR: Out of the total 71,000 barrels of the national crude oil production per day Khyber Pakhtunkhwa is...

Updated 18 Sep, 2023 09:25am

Markets

Oil set for another weekly gain on tight supply and China optimism

LONDON: Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts...

Updated 15 Sep, 2023 07:16pm

Markets

Palm rises for second session on stronger rival oils

JAKARTA: Malaysian palm oil futures rose on Thursday, extending gains to a second day, supported by recovery in...

Published 15 Sep, 2023 06:31am

Markets

China’s strong crude oil, coal and iron ore imports flatter to deceive

LAUNCESTON, (Australia): China’s imports of most major commodities rebounded in August, but the strength in...

Published 12 Sep, 2023 06:22am

Markets

Oil cut extension raises risk of Saudi economic contraction this year

DUBAI: Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude...

Published 10 Sep, 2023 01:01pm

Markets

China’s Aug crude oil, soybean imports jump

BEIJING: China imported 9.36 million metric tons of soybeans in August, customs data showed on Thursday, jumping 31%...

Published 10 Sep, 2023 03:20am

Markets

Japan shares extend highs as weak yen boosts autos, energy stocks gain

TOKYO: Japanese equities closed at new highs on Wednesday, with the weakest yen rate since November boosting...

Updated 06 Sep, 2023 12:07pm

Markets

Oil falls below $90 as markets shuffle back from supply jitters

NEW YORK: Oil prices fell below $90 a barrel on Wednesday, after rising over 1% the previous session, on a stronger...

Updated 06 Sep, 2023 09:29pm

Markets

Saudi Arabia extends voluntary oil output cut of 1 million bpd to end-2023

DUBAI: Saudi Arabia will extend its voluntary oil output cut of 1 million barrels per day for another three months...

Published 05 Sep, 2023 07:04pm

Markets

Oil edges up on US crude stockpile draw, hurricane jitters

NEW YORK: Oil prices extended gains on Wednesday after U.S. government data showed tighter-than-expected crude...

Updated 30 Aug, 2023 08:28pm

Markets

European shares close two-week high

PARIS: European shares closed at a two-week high on Tuesday, led by miners on strength in metal prices and the...

Published 30 Aug, 2023 03:33am

Markets

Oil rises as Hurricane Idalia threatens to hit tight supplies

BENGALURU: Oil prices edged higher on Tuesday as Hurricane Idalia intensified as it headed towards Florida’s Gulf...

Published 30 Aug, 2023 03:33am

Markets

Oil slips, US Fed chief’s speech in spotlight

LONDON: Oil prices slipped on Thursday on disappointing economic data from key economies, with investors awaiting a...

Updated 24 Aug, 2023 07:17pm

Print

Petrol prices in India and Pakistan: the differential

The price of petrol is regulated in both India and Pakistan. It is sold at a price fixed by the governments of the...

Updated 24 Aug, 2023 10:31am

Markets

Oil steadies as China woes persist

LONDON: Oil prices were little changed on Tuesday as investors remained focused on the likelihood of China’s...

Updated 22 Aug, 2023 06:44pm

Markets

Crude battles interest rates, demand uncertainty

HOUSTON: Crude oil fell into negative territory as it battled possible US interest rate increases and uncertainty...

Published 22 Aug, 2023 06:03am

Markets

Oil steadies as China fears counter tight US supply

Oil prices were little changed on Wednesday despite a large drawdown in U.S. crude oil stocks as investors weighed...

Updated 16 Aug, 2023 09:23pm

BR Research

Oil shows no retreat

As Brent crude stays firm staying over $85/bbl, showing strong resistance – energy commodities outside of oil have...

Published 16 Aug, 2023 08:31am

Print

India raises concerns over oil market volatility with producer countries

NEW DELHI: India has flagged concerns over volatility in the global oil prices to major oil producers and...

Updated 11 Aug, 2023 08:43am

Markets

Oil steadies ahead of US inflation data

LONDON: Oil prices stabilised on Thursday as investor caution dominated ahead of inflation data expected to offer...

Updated 10 Aug, 2023 05:15pm

Markets

MPCL YoY net sales, profit stand at historically highest levels

ISLAMABAD: Mari Petroleum Company Limited (MPCL) has announced excellent financial and operational results for the...

Published 10 Aug, 2023 06:35am

Markets

China’s July crude imports up 17.0% year-on-year

BEIJING: China’s crude oil imports in July rose 17.0% year-on-year, customs data showed on Tuesday, as domestic...

Published 08 Aug, 2023 10:30am

Markets

Saudi Arabia may raise Sept crude prices for a third month

SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, may raise its price for Arab Light crude for sale to...

Published 01 Aug, 2023 09:55am

Markets

Oil steadies near three-month high on tighter supplies

LONDON: Oil hovered around three-month highs on Tuesday as investors focused on tightening global supplies and...

Updated 01 Aug, 2023 06:32pm

BR Research

Oil bull run brews trouble for Pakistan

Oil bulls are back in business as Saudi led Opec Plus decisions are finally making an impact – leading to fourth...

Published 01 Aug, 2023 08:28am

Markets

Oil on track for biggest monthly gains in over a year

LONDON: Oil prices were set to post their biggest monthly gains in more than a year on Monday, on expectations that...

Updated 31 Jul, 2023 05:58pm

BR Research

Oil – any fall insight?

Global crude oil prices have continued their upward trajectory for the fifth consecutive week amid demand optimism...

Published 31 Jul, 2023 08:22am

Markets

Russia starts crude shipments to Africa, boosts fuel sales

Russia began shipping crude oil to Africa for the first time this year and more than tripled supplies of oil...

Published 27 Jul, 2023 10:01am