Trends - Crude Oil - Business Recorder

Crude Oil

Pakistan wants working group level meeting with KSA to finalise pacts

ISLAMABAD: Pakistan is requesting Saudi Arabia to organise a Working Group level meeting to finalise pacts including...

Updated 27 Oct, 2021 11:02am

Markets

Oil prices edge towards new highs on short supply

LONDON: Oil prices edged towards new multi-year highs on Tuesday, supported by a global supply shortage and strong...

Published 26 Oct, 2021 06:31pm

Markets

Global oil prices won't decline until 2023: World Bank

WASHINGTON: The stunning recent run-up in global oil prices could threaten economic growth, and is unlikely to...

Published 21 Oct, 2021 06:57pm

Markets

Oil prices reverse earlier losses on China energy demand concerns

TOKYO: Oil prices rose on Tuesday, recouping earlier losses, as falling temperatures in China, the world's biggest...

Published 19 Oct, 2021 12:14pm

Markets

Oil prices ease off highs

NEW YORK: Oil prices pulled back after touching multi-year highs on Monday, trading mixed as US industrial output ...

Published 19 Oct, 2021 03:52am

Markets

VLSFO crack drops from 7-month high as crude gains

SINGAPORE: Asia's 0.5% very low-sulphur fuel oil (VLSFO) crack dropped on Friday, falling from a more than...

Published 16 Oct, 2021 04:49am

Markets

Oil prices hit a fresh three-year high, climb over $85 a barrel

Analysts point to a sharp drop in OECD oil stockpiles to their lowest level since 2015

Updated 15 Oct, 2021 07:12pm

BR Research

Crude oil: No respite

The talks of $100/bbl are back in the mix. The Russian President Putin raised more speculation as he did not rule ...

Published 15 Oct, 2021 07:35am

Markets

Oil prices climb on upgrade to IEA demand forecast

LONDON: Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gas...

Updated 14 Oct, 2021 07:11pm

Markets

Oil prices surge; US crude touches high above $80

NEW YORK: Oil prices rose on Friday, up more than 4% on the week as a global energy crunch has boosted prices to...

Published 09 Oct, 2021 04:10am

BR Research

E&P sector in FY21

While the local E&P companies might be seen continuing their increased drilling and exploration activity, the...

Published 08 Oct, 2021 07:35am

Prices of POL products likely to increase

ISLAMABAD: The prices of petroleum products for the second half of October are expected to further increase as the...

Updated 06 Oct, 2021 09:49am

Opinion

When things look black, there’s always a silver lining?

According to media reports, OPEC+ have to stick to an existing pact to hike oil output by 400,000 barrels per day...

Published 06 Oct, 2021 04:17am

BR Research

OGDCL keeps it flowing

Waning foreign direct investment has not been the only concern for the hydrocarbon exploration and production ...

Published 04 Oct, 2021 07:35am

Markets

US has reached out to China about cutting oil imports from Iran

WASHINGTON/PARIS: The United States has reached out to China diplomatically about reducing its purchases of Iranian...

Published 30 Sep, 2021 04:15am

Markets

OPEC+ seen sticking to November output plans, despite $80 oil

"So far we will keep the plan to increase by 400,000 bpd," one of the sources says

Published 29 Sep, 2021 04:55pm

Markets

Brent oil near $80 a barrel on tighter supplies

Brent at highest since 2018, WTI highest since July
As OPEC reopens taps, African giants struggle to pump more
China faces power shortages, hitting factory output

Published 28 Sep, 2021 08:08pm

Opinion

Higher import bill

There is a heated debate on the current rising import bill and its "adverse" impact on the current account deficit...

Published 28 Sep, 2021 05:12am

Markets

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 27, 2021)....

Published 28 Sep, 2021 05:12am

Markets

Brent oil nears $80 a barrel on tight supply

Brent crude nears three-year high
WTI hits $75 a barrel, highest since July
Goldman Sachs sees Brent at $90 a barrel by year-end

Updated 27 Sep, 2021 06:10pm

Business & Finance

Under US sanctions, Iran and Venezuela strike oil export deal

CARACAS/HOUSTON/WASHINGTON: Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that...

Updated 25 Sep, 2021 05:01pm

Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 26.072...

Published 22 Sep, 2021 03:48am

BR Research

PPL - comfortable in FY21

Pakistan Petroleum Limited (PSX: PPL) is leading the consortium of four public sector exploration and production...

Published 21 Sep, 2021 07:35am

Opinion

Buoyancy of FBR revenues

The good news is that FBR has achieved extraordinary growth in tax revenues of 41 percent in the first two months of...

Published 21 Sep, 2021 04:10am

Markets

Oil falls 1% as storm-hit US supply trickles back into market

Oil falls but still set for nearly 3% weekly gain
Slow post-Ida production recovery bolsters prices
Dollar index hits 3-week high

Updated 17 Sep, 2021 08:46pm

Markets

Saudi Arabia's crude oil exports hit six-month high in July

The kingdom's crude oil exports rose to 6.327 million barrels per day (bpd) in July, up from 5.965 million bpd in June

Published 16 Sep, 2021 05:42pm

Markets

Oil prices climb $1 after drawdown in US stocks

API shows crude, fuel stocks fell after Ida, sources say
Vaccines set to unleash pent-up oil demand, IEA says
Coming up: EIA inventory data at 1430 GMT on Wednesday

Published 15 Sep, 2021 05:38pm

Markets

Oil hits 6-week high as Storm Nicholas hits US Gulf

US energy firms brace for another storm amid slow recovery from Ida
Over 40% of US Gulf's oil, gas output still shut following Ida
IEA sees oil demand rebounding by 1.6 million bpd in October
China to auction 7.38 mln bbl of crude from strategic reserves

Published 14 Sep, 2021 05:56pm

ITFC to provide $600m to finance POL products’ imports

ISLAMABAD: The International Islamic Trade Finance Corporation (ITFC), on Monday, informed Pakistan that the ongoing...

Updated 14 Sep, 2021 10:21am

Volatile global energy prices: Tarin asks MoE to adopt 'forward planning'

Finance minister stresses upon exploring cost-effective options such as renewable sources of energy for a sustainable energy equation

Updated 08 Sep, 2021 11:01am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Cotton US¢/pound / May 10	78.18
Petrol/Litre / May 11	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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