Trends - Crude Oil - Business Recorder

Markets

Oil rises on US inventory drop, Russian gas cuts

Oil rose by $2 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas...

Updated 27 Jul, 2022 09:59pm

Markets

Oil refining margins collapse in Asia, cheaper crude needed

LAUNCESTON, (Australia): Refining margins in Asia have collapsed in recent weeks, leaving refiners on the precipice...

Published 27 Jul, 2022 05:23am

Markets

PMEX daily trading report

KARACHI: On Monday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 14.046 ...

Published 20 Jul, 2022 05:48am

Markets

Corn, soy, wheat futures climb

CHICAGO: US corn, soybeans and wheat futures rose on Monday in response to worries about potentially stressful hot...

Published 19 Jul, 2022 06:00am

Markets

Gasoline crack falls below $10/barrel

NEW DELHI: Asia’s refining profit margin for gasoline dipped below $10 a barrel on Thursday amid a selloff in ...

Published 16 Jul, 2022 04:20am

Markets

Gasoil cash premiums hover near March lows

NEW DELHI: Asia’s cash premiums for 10ppm gasoil extended losses on Thursday amid easing seasonal demand and...

Published 16 Jul, 2022 04:20am

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 24.856...

Published 15 Jul, 2022 06:20am

Markets

Gasoil cash premiums drop to lowest since March

NEW DELHI: Asia’s cash premiums for 10ppm gasoil dipped to lowest since March 16 on Wednesday amid muted trading ...

Published 14 Jul, 2022 05:00am

Markets

PMEX daily trading report

KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 14.117...

Published 08 Jul, 2022 05:36am

Markets

Oil rises after sell-off but euro stuck at 20-year low, equities drop

HONG KONG: Oil prices rose Wednesday after suffering a painful drop the previous day, though the euro remained...

Published 06 Jul, 2022 08:57am

Print

Is sovereign default inevitable? – I

Dr Rajendra Prasad, the first President of India, in his book ‘India Divided’, that he penned in 1945 stated ...

Published 06 Jul, 2022 05:35am

Markets

Oil may collapse to $65 by year-end amid concerns of demand-crippling recession: Citigroup

Warning is in stark contrast to JPMorgan Chase where analysts earlier warned global oil prices could reach a 'stratospheric' $380 a barrel

Published 05 Jul, 2022 04:04pm

Markets

Norway oil and gas workers to strike on Tuesday, cutting output

OSLO: Norwegian offshore workers will likely go on strike on Tuesday in a stoppage that will cut oil and gas output...

Published 05 Jul, 2022 05:19am

Markets

Oil prices reverse losses, gain on tight supply concerns

LONDON: Oil rose on Monday as supply concerns driven by lower OPEC output, unrest in Libya and sanctions on Russia...

Updated 04 Jul, 2022 07:18pm

Markets

JPMorgan warns oil prices could reach ‘Stratospheric’ $380 on worst-case Russian cut

A 3 million-barrel cut to daily supplies would push benchmark London crude prices to $190, analysts warn

Updated 03 Jul, 2022 07:41pm

World

Biden says will see Saudi crown prince, won't push directly on oil

MADRID: US President Joe Biden said on Thursday he would see Saudi Arabia's king and crown prince during a visit to...

Published 30 Jun, 2022 07:27pm

Markets

Oil falls 2% on uncertainty over future OPEC+ output, recession fears

NEW YORK: Oil prices sank about 2% on Thursday as OPEC+ confirmed it would only increase output in August as much as...

Updated 30 Jun, 2022 09:08pm

BR Research

Oil prices: volatility dominates

Global crude oil demand bounced back from the pandemic, which meant increase in crude oilproduction in 2021. While...

Published 30 Jun, 2022 09:31am

Markets

Govt makes a move towards Russian crude import, urges refineries to furnish analysis

Development comes after Prime Minister Shehbaz Sharif-led coalition government had started weighing possibility of importing oil and gas from Russia to meet the country’s energy requirements

Updated 29 Jun, 2022 06:31pm

Markets

Chicago grains rally

CHICAGO: Chicago corn futures bounced higher on Tuesday, after a US government crop conditions report showed...

Published 29 Jun, 2022 05:44am

Markets

Asia’s naphtha markets flip

NEW DELHI: Asia’s gasoline crack inched higher on Monday, as tight global supply continued to cause volatility in...

Published 28 Jun, 2022 06:10am

Markets

Russia considering oil exports from northern port of Murmansk

Russia is considering exporting oil via the northern port of Murmansk in the event of limitations on other routes,...

Updated 16 Jun, 2022 04:50pm

Markets

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

Print

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

Print

‘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