Trends - Crude Oil - Business Recorder

Markets

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 10.155...

Published 12 Jan, 2023 05:51am

Markets

Gasoil margins little changed

SINGAPORE: Asia’s 10 ppm sulphur gasoil margins were little changed on Tuesday amid limited spot market activity...

Published 11 Jan, 2023 07:02am

Markets

PMEX daily trading report

KARACHI: On Monday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 13.643 ...

Published 11 Jan, 2023 05:53am

Markets

Oil rises after US fuel stocks draw down

NEW YORK: Oil prices rose nearly 2% on Thursday after posting the biggest two-day loss for the start of a year in...

Published 06 Jan, 2023 06:37am

Markets

Gulf shares start year in upbeat mood; Egypt outperforms peers

DUBAI: Most major Gulf equities got off to a good 2023 start on Monday, with Egypt outperforming regional peers, as...

Published 03 Jan, 2023 03:25am

Print

Russia did not consult OPEC+ over oil cap response: Kremlin

MOSCOW: Russia did not consult with OPEC+ on its response to a Western price cap on Russian oil, Kremlin spokesman...

Updated 29 Dec, 2022 08:48am

Markets

Indian refiners’ crude processing slips

MUMBAI: Indian refiners’ crude oil processing in November fell about 9% on an annual basis, provisional government...

Published 28 Dec, 2022 04:12am

Markets

Russia overtakes KSA as China’s top crude supplier in Nov

SINGAPORE: China’s crude oil imports from Russia rose 17% in November from a year earlier, as Chinese refiners...

Published 26 Dec, 2022 06:31am

BR Research

Oil slides: But for how long

Where is Brent? The bear hopefuls were asking a week ago, as Brent crude had tanked to 12—a month low as the West...

Published 23 Dec, 2022 08:38am

Markets

Oil prices rise over $2 on drawdown in US crude stocks

HOUSTON: Oil prices rose by more than $2 on Wednesday after data showed a larger-than-expected draw in US crude...

Published 22 Dec, 2022 05:57am

Markets

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 20.764...

Published 22 Dec, 2022 05:57am

Print

US poised to become net exporter of crude oil in 2023

HOUSTON: The United States has become a global crude oil exporting power over the last few years, but exports have...

Published 20 Dec, 2022 05:58am

Markets

Saudi crude exports hit 30-month high in October

Saudi Arabia’s crude oil exports rose for a fifth straight month in October to the highest in 30 months, data from...

Published 19 Dec, 2022 07:09pm

Print

Discounted crude, refined products: Pakistan-Russia IGC to meet in Jan

ISLAMABAD: Pakistan-Russia Inter-Governmental Commission (IGC) would arrive in January 2023 for negotiation on...

Updated 17 Dec, 2022 09:35am

Markets

Gasoil margins, premiums up

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins on Wednesday recouped losses with premiums hitting their highest...

Published 15 Dec, 2022 07:28am

Markets

Oil prices up amid forecasts of 2023 demand uptick

LONDON: Oil prices rose on Wednesday after OPEC and the International Energy Agency (IEA) both forecast a rebound in...

Updated 14 Dec, 2022 06:04pm

BR Research

Oil’s topsy turvy ride

After spiking for some time, crude oil prices tumbled in early December on concerns of continued weakening of the...

Published 14 Dec, 2022 09:00am

Markets

Oil steadies after falls as weak economy offsets supply risks

LONDON: Oil prices steadied on Monday after several weeks of declines as a weakening global economy offset supply...

Updated 12 Dec, 2022 06:53pm

BR Research

Pakistan Oilfields Limited

Pakistan Oilfields Limi-ted (PSX: POL is a subsidiary of the Attock Oil Company Limited (AOC), and one of the ...

Published 12 Dec, 2022 08:51am

Markets

Transneft to lift oil shipment tariffs by 6pc next year

MOSCOW: Russian oil pipeline monopoly Transneft is set to increase the tariffs for transporting crude oil via its...

Published 12 Dec, 2022 06:07am

Markets

Oil prices drop in volatile trading

NEW YORK: Oil price settled lower in volatile trading on Friday, with both benchmarks recording their biggest weekly...

Published 11 Dec, 2022 04:02am

Print

Oil rebounds, but still on track for biggest weekly declines

NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly...

Updated 10 Dec, 2022 09:59am

Markets

Oil dips, hits lowest since January as U.S. data fans fuel demand fears

HOUSTON: Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed...

Updated 07 Dec, 2022 09:39pm

BR Research

Oil price: All eyes on Russia

December 2022 has been the most happening in terms of news flow for oil market, with the focus now shifting back...

Published 07 Dec, 2022 08:52am

Markets

ME crude benchmark

SINGAPORE: Middle East crude benchmark Murban, a light sour crude, continued to drop on Monday as markets tracked ...

Published 06 Dec, 2022 05:58am

Print

Petrol, diesel and LNG at discounted rates: Russian ministers due next month

ISLAMABAD: A Russian ministerial delegation is scheduled to visit Pakistan in January 2023 for further negotiation ...

Updated 06 Dec, 2022 09:33am

Markets

Saudi Arabia lowers January Arab Light crude prices to Asia: Aramco

Saudi Arabia lowered the January official selling prices (OSPs) for the flagship Arab light crude it sells to Asia...

Published 05 Dec, 2022 06:59pm

Pakistan

Russia to provide crude oil to Pakistan at discounted rates: Musadik Malik

State minister for petroleum says Russian government-level delegation will visit Pakistan in mid-January

Updated 05 Dec, 2022 06:29pm

Markets

G7 begins to press Russia on Ukraine with oil price cap

KYIV: A Group of Seven (G7) price cap on Russian seaborne oil came into force on Monday as the West tries to limit...

Published 05 Dec, 2022 10:16am

Markets

Asia crude oil imports hit record high

LAUNCESTON, (Australia): Asia’s crude oil imports most likely rose to a record high in November, but much of the...

Published 02 Dec, 2022 07:29am