Trends - Crude Oil - Business Recorder

Crude Oil

Oil jumps 2% as tight supply outweighs recession, China demand fears

LONDON: Oil prices rose about 2% on Tuesday as tight global supply outweighed worries that fuel demand would be hit...

Updated 14 Jun, 2022 08:01pm

Opinion

Outlook for inflation

The multilateral agencies, World Bank, and the IMF, have recently updated their projections of the rate of inflation...

Published 14 Jun, 2022 05:56am

Markets

Oil falls on Beijing’s COVID-19 warning, inflation worries

LONDON: Oil dropped almost $1 a barrel on Monday as a flare-up in COVID-19 cases in Beijing and worries about more...

Updated 13 Jun, 2022 07:54pm

Business & Finance

‘Pro-HEVs policies can bring substantial savings’

KARACHI: Pakistan can achieve substantial savings due to policies favouring Hybrid Electric Vehicles (HEVs). The...

Published 12 Jun, 2022 06:55am

Markets

Oil dives as U.S. inflation data surges; China imposes lockdowns

NEW YORK: Oil prices sank on Friday, after U.S. consumer prices rose more than expected and China imposed new...

Updated 10 Jun, 2022 08:33pm

Markets

Oil slips on China lockdowns but stays near three-month highs

LONDON: Oil prices dipped on Thursday but still hovered near three-month highs after parts of Shanghai imposed new...

Updated 09 Jun, 2022 07:10pm

Markets

Russia has no extra oil to sign deals with two Indian buyers

NEW DELHI: Russia's Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three...

Published 08 Jun, 2022 08:12pm

Markets

Brent oil may test resistance zone of $122.25-$122.42

SINGAPORE: Brent oil may test a resistance zone of $122.25-$122.42 per barrel, a break above which could lead to a...

Published 06 Jun, 2022 10:45am

Markets

Oil prices hit $120 as Saudi July price rise eclipses OPEC+ deal

LONDON: Oil prices hit $120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that...

Updated 06 Jun, 2022 02:41pm

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

Asia’s gasoline margin climbs

SINGAPORE: Asia’s gasoline crack rose on Friday and posted a weekly gain of over 13%, buoyed by growing demand as...

Published 05 Jun, 2022 05:54am

Markets

Oil edges higher as supply still seen tight after OPEC+ hike

LONDON: Oil edged higher on Friday, supported by expectations that OPEC's decision to increase production targets by...

Updated 03 Jun, 2022 07:33pm

Markets

Oil prices fall on prospect of OPEC offsetting Russian output loss

LONDON: Oil prices fell on Thursday on speculation that Saudi Arabia and other OPEC members may boost crude output...

Updated 02 Jun, 2022 03:51pm

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 16.814...

Published 02 Jun, 2022 06:19am

Markets

Brent oil may edge up to $117.78

SINGAPORE: Brent oil may edge up to a resistance at $117.78 per barrel, a break above could lead to a gain to...

Published 01 Jun, 2022 10:03am

Markets

Oil firms on EU's Russian oil ban and end of Shanghai lockdown

LONDON: Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian ...

Updated 01 Jun, 2022 08:15pm

Markets

Brent oil may retest resistance at $122.38

SINGAPORE: Brent oil may retest a resistance at $122.38 per barrel, a break above could lead to a gain to...

Published 31 May, 2022 10:11am

Markets

Oil extends bull run as EU agrees to ban most Russian oil

HOUSTON: Oil prices extended a bull run on Tuesday after the European Union agreed to a partial and phased ban on...

Updated 31 May, 2022 09:28pm

Markets

India's imports of cheap Russian crude surge since Ukraine invasion

NEW DELHI: India has received 34 million barrels of discounted Russian oil since Moscow invaded Ukraine on Feb. 24,...

Published 30 May, 2022 06:41pm

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 30 May, 2022 05:39pm

Markets

Russian oil output slightly up at 10.17mn bpd, TASS reports

Russia raised oil production slightly to 10.17 million barrels per day (bpd) between May 1 and 29, TASS news agency...

Published 30 May, 2022 05:20pm

Markets

Oil above $120 a barrel as EU meets on Russia sanctions

Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months as traders priced in...

Updated 30 May, 2022 09:42pm

Markets

Cash-strapped Sri Lanka gets Russian oil to ease shortages

COLOMBO: Cash-strapped Sri Lanka took delivery Saturday of Russian oil -- which could soon be subject to a European...

Published 28 May, 2022 09:06pm

Markets

Bankrupt Sri Lanka takes Russia oil as fuel crisis persists

KARACHI: Sri Lanka is receiving Russian crude oil that it will use to make fuel as the bankrupt nation faces...

Published 28 May, 2022 05:11am

Markets

Oil prices increase supported by the prospect of a tight market

HOUSTON: Oil prices rose on Friday, as signs of a tight market supported prices ahead of the U.S. Memorial Day...

Updated 27 May, 2022 10:21pm

Markets

Brent oil may rise to $120.34

SINGAPORE: Brent oil may break a resistance at $118.30 per barrel, and rise to $120.34. The contract is riding on a...

Published 27 May, 2022 10:35am

Markets

Oil jumps 3% to 2-month high as EU seeks to ban Russian crude

NEW YORK: Oil prices rose about 3% to a two-month high on Thursday on signs of tight supply ahead of U.S. summer...

Updated 26 May, 2022 10:18pm

Markets

U.S. crude stocks down, refining activity surges: EIA

U.S. crude stocks fell modestly in the most recent week, the government said on Wednesday, as refiners picked up the...

Published 25 May, 2022 08:37pm

Markets

Oil edges higher on tight supply, surge in U.S. refining activity

NEW YORK: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to...

Updated 25 May, 2022 08:39pm

Markets

Oil rises as tight supply counters economy fears and China curbs

LONDON: Oil edged higher on Tuesday, recovering earlier losses, as tight global supply and an expected pick-up in...

Updated 24 May, 2022 07:12pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
Dow Jones / Apr 29	38386.09
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50
Hang Seng / Apr 30	17733.21
FTSE 100 / Apr 30	8175.09
Germany DAX 30 / Apr 30	18100.97

Item	Value
Crude Oil USD/Barrel / Apr 30	82.43
Karachi Cotton PKR/37.32 KG / Apr 30	20000
Gold 10 Grams PKR / Apr 30	207390
Gold Spot USD/Ounce / Apr 30	2326.07
Cotton US¢/pound / Apr 30	80.48
Petrol/Litre / May 1	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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