Trends - Crude Oil - Business Recorder

Business & Finance

World Bank official says war-driven oil price hikes to slash growth for big importers

WASHINGTON: Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point...

Published 09 Mar, 2022 10:34am

Markets

Brent oil may revisit Monday high of $139.13

SINGAPORE: Brent oil may revisit its Monday high of $139.13 per barrel, as it could have resumed its uptrend. The...

Published 09 Mar, 2022 10:05am

Print

War-fuelled inflation adds to Europe’s cost of living crisis

LISBON/BERLIN: Already struggling with rising living costs, Europeans now face an even deeper hit to their...

Updated 09 Mar, 2022 07:30am

BR Research

Palm oil bulls in full swing

When it rains, it pours. If you are a commodity, war is going to get you if Covid didn’t. While the focus remains...

Published 08 Mar, 2022 08:35am

Markets

Asia’s naphtha crack climbs as Brent spikes over Ukraine crisis

NEW DELHI: Asia’s naphtha crack rose again on Monday after a pause on Friday, as prices surged in tandem with a...

Published 08 Mar, 2022 05:15am

Markets

China's Jan-Feb crude oil imports down 5% as teapots cut runs

SINGAPORE: China's crude oil imports for the first two months of 2022 fell nearly 5% from a year earlier, data ...

Published 07 Mar, 2022 11:15am

Markets

Oil price set to surge further on Iranian talks delays

LONDON: Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and...

Published 06 Mar, 2022 06:48pm

Markets

Asia’s naphtha

NEW DELHI: Asia’s naphtha crack came off record levels on Friday amid volatility in crude oil benchmarks, although...

Published 05 Mar, 2022 04:10am

Markets

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.606...

Published 03 Mar, 2022 04:39am

Markets

Oil prices surge 9pc as global crude reserve release disappoints

NEW YORK: Oil prices surged 9% on Tuesday, as a global agreement to release crude reserves failed to calm fears ...

Published 02 Mar, 2022 04:35am

Markets

Oil, gas and wheat prices surge as sanctions disrupt flows

LONDON: Most commodity prices remained on the boil on Tuesday as Russia's invasion of Ukraine escalated and Western...

Published 01 Mar, 2022 05:50pm

Markets

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17,883...

Published 01 Mar, 2022 05:34am

Markets

Mexico’s Pemex posts $6bln 4Q loss

MEXICO CITY: Mexican state oil company Pemex reported a $6.05 billion fourth-quarter net loss on Monday, compared...

Published 01 Mar, 2022 05:34am

Markets

Japan futures gain as raw material, crude oil prices surge

SINGAPORE: Japanese rubber futures inched higher on Monday on rising raw material, crude prices. The Osaka Exchange...

Published 01 Mar, 2022 05:34am

Markets

Oil soars past $102 as sanctions and pressures on Russia mount

Brent crude rose $4.16, or 4.3%, to $102.09

Updated 28 Feb, 2022 03:27pm

Markets

Deepening Russia-Ukraine tensions seen curbing food supplies, lifting prices

SINGAPORE: Escalating tensions between global crop heavyweights Russia and Ukraine are likely to force wheat, corn...

Published 23 Feb, 2022 04:54am

Print

Oil hits highest since 2014

NEW YORK: Crude oil futures rose on Monday to their highest levels since 2014 on supply concerns while Wall Street...

Published 23 Feb, 2022 04:43am

Markets

Crude rally driven by supply constraints threatens Asia refinery margins: Russell

LAUNCESTON: The warning signals are starting to flash for the profit margins of oil refiners in Asia with high crude...

Published 21 Feb, 2022 10:41am

Markets

Oil steadies after swings as Ukraine crisis, Iran nuclear talks weigh

MELBOURNE: Oil prices calmed down after fluctuating initially on Monday, as investors eyed contrasting scenarios of...

Updated 21 Feb, 2022 01:05pm

Markets

Brent oil retest support at $91.57

SINGAPORE: Brent oil may retest a support at $91.57, a break below which could cause a fall to $89.94. The bounce...

Published 18 Feb, 2022 09:45am

Markets

Oil falls on prospect of Iran oil sanctions easing

MELBOURNE: Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from...

Published 18 Feb, 2022 09:30am

Markets

Oil falls, caught between Iran talks and Ukraine crisis

LONDON: Oil prices fell 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages, ...

Updated 17 Feb, 2022 07:40pm

Markets

Oil recoups some losses after report of Kyiv forces attacking Russia-backed rebels

US West Texas Intermediate (WTI) crude was trading down 0.7% at $92.98 a barrel at 0422 GMT

Updated 17 Feb, 2022 12:17pm

Markets

Tight supplies lift Mideast, Russian crude grades to multi-year highs

SINGAPORE: Middle East benchmark Dubai crude soared to a record this week while spot premiums for April-loading...

Published 16 Feb, 2022 10:35am

Markets

Asia naphtha crack slips, inter-month spread at over two-year high

NEW DELHI: Asia’s naphtha crack inched lower on Tuesday, although the downside remained limited due to a decline ...

Published 16 Feb, 2022 06:20am

Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 20.400...

Published 16 Feb, 2022 06:20am

Markets

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 15, 2022)....

Published 16 Feb, 2022 06:20am

Markets

Oil drops nearly 4% as Russia says some troops return to base

LONDON: Oil dropped almost 4% from a seven-year high on Tuesday after Russia said some of its military units were...

Updated 15 Feb, 2022 08:26pm

Markets

Oil eases on profit-taking, Russia-Ukraine conflict remains key focus

Brent crude futures were at $95.60 a barrel by 0747 GMT

Updated 15 Feb, 2022 02:10pm

Markets

Most Gulf markets rise as oil boosts

DUBAI: Most Gulf markets ended higher on Monday, as warnings that Russia could invade Ukraine at any time drove oil...

Published 15 Feb, 2022 06:45am