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Crude Oil

Oil slides on COVID-19 resurgence, strong dollar

In Europe, some countries were reviving curfews and lockdowns to fight a surge in new coronavirus cases, with Britain imposing tougher COVID-19 restrictions in London on Friday.

Published 16 Oct, 2020 04:54pm

Markets

Oil eases as new lockdowns raise concern about fuel demand

US petroleum products supplied increase last week – EIA.
US distillate inventories post biggest drop since 2003 – EIA.
Europe revives lockdowns amid soaring coronavirus cases.
OPEC+ made little progress in compensating for overproduction.
Top global oil traders see slow oil demand recovery.

Published 16 Oct, 2020 01:51am

Markets

Regulator finds 24pc US Gulf offshore crude oil production shut

Shut crude oil production is 24% or, 439,823 barrels per day (bpd). Also, 12% of natural gas output.
Between Oct. 6 and Thursday, a cumulative total of 11.9 million barrels of crude oil production and 11.2 billion cubic feet of natural gas output.

Published 16 Oct, 2020 12:28am

Markets

Regulator finds 24pc US Gulf offshore crude oil production shut

Shut crude oil production is 24% or, 439,823 barrels per day (bpd). Also, 12% of natural gas output.
Between Oct. 6 and Thursday, a cumulative total of 11.9 million barrels of crude oil production and 11.2 billion cubic feet of natural gas output.

Published 16 Oct, 2020 12:28am

Markets

Oil slips as new lockdown measures threaten demand recovery

Brent crude futures dropped 70 cents, or 1.6% to $42.62 a barrel at 0905 GMT, while US West Texas Intermediate (WTI) crude futures were down 69 cents, or 1.7%, to $40.35.

Published 15 Oct, 2020 06:21pm

Markets

Palm falls over 2pc on lower Oct exports, weaker crude

Oil prices fell as the new restrictions in the bloc increased uncertainty over the outlook for economic growth and a recovery in fuel demand.

Published 15 Oct, 2020 05:41pm

Business & Finance

Oil prices hold gains after U.S. crude inventory draw

U.S. West Texas Intermediate (WTI) crude futures climbed 8 cents, or 0.2%, to $41.12 a barrel at 0430 GMT, while Brent crude futures rose 7 cents, or 0.2% to $43.39 a barrel.

Published 15 Oct, 2020 10:39am

Markets

Mexico's Pemex sees output reaching 2.3mn bpd by end-2024

He said private output is expected to reach just 70,000 bpd by the end of 2020, and some 280,000 bpd by 2024.
Romero, a longtime confidant of the president, said Pemex's domestic refineries will process 1.1 million bpd of crude by the end of this year, up 10%.

Published 15 Oct, 2020 12:19am

Markets

Oil under pressure as coronavirus spike stokes demand concerns

Brent crude futures for December delivery were little changed at $42.48 a barrel by 1228 GMT. US West Texas Intermediate futures also traded flat at $40.18.

Published 14 Oct, 2020 07:32pm

Business & Finance

Oil steady as rising coronavirus cases stokes demand concerns

Brent crude futures for December fell by 8 cents, or 0.2%, to $42.37 a barrel by 0142 GMT while U.S. West Texas Intermediate futures were down 9 cents, or 0.2%, to $40.11.

Published 14 Oct, 2020 10:06am

Markets

Oil rebounds as strong China trade data offsets supply concerns

Brent crude futures rose 60 cents, or 1.4pc, to $42.32 a barrel by 0916 GMT.

Published 13 Oct, 2020 05:50pm

Business & Finance

Oil prices steady amid return of supply, while COVID-19 lockdowns tighten

The return of supply comes as resurgent COVID-19 infections in the U.S. Midwest and Europe raise worries about fuel demand growth, posing a challenge for the Organization of Petroleum Exporting Countries and its allies, together called OPEC+.

Published 13 Oct, 2020 10:17am

Business & Finance

France to rein in export guarantees for oil and gas industry

The French state stopped giving export guarantees, which companies often need to get bank credit, to projects this year where fracking and flaring were involved.
We eventually don't want the government to support fossil fuels abroad with export financing.

Published 13 Oct, 2020 12:48am

Markets

Oil prices fall 3pc as US, Libyan, Norwegian supplies resume

Force majeure lifted at Libya's Sharara oilfield.
Hurricane Delta downgraded on Sunday.
Norway oil strike ended on Friday.

Updated 12 Oct, 2020 11:53pm

Markets

Ukraine sunoil export prices jump over last week

Bid-ask sunoil export prices rose to $955-$990 per tonne FOB (free on board) Black Sea for October-November delivery, the consultancy said.

Published 12 Oct, 2020 04:26pm

Pakistan, ITFC sign $386mn agreement for oil, LNG import

The facility will be utilized by Pakistan State Oil Company Limited (PSO), Pakistan Arab Refinery Limited, and Pakistan LNG Limited.

Published 12 Oct, 2020 03:57pm

Markets

Oil prices fall as supply concerns ease

Brent crude was down 41 cents to $42.44 a barrel by 0650 GMT and US West Texas Intermediate was at $40.18, down 42 cents.

Published 12 Oct, 2020 03:41pm

Business & Finance

Oil prices extend slide as U.S. producers restore output post-hurricane

Brent crude for December fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and U.S. West Texas Intermediate for November was at $40.30 a barrel, down 30 cents, or 0.7%.

Published 12 Oct, 2020 10:03am

World

Hurricane Delta's winds topple gear, disrupt US oil refineries

Delta's fierce winds tore roofs off homes, cut electric power and disrupted energy operations as far away as Port Arthur, Texas, 65 miles.
Total SA's 225,500 barrel-per-day (bpd) refinery lost power, Valero Energy Corp's 335,000 bpd plant lost a cooling tower.

Published 11 Oct, 2020 12:09am

Markets

Oil prices slip more than 1pc after Norway oil worker strike ends

Both benchmarks on track for weekly gains of about 9%.
Norway oil worker strike ends.
Hurricane halts 92% of US Gulf of Mexico oil output.
US Senate Republicans cast doubt on stimulus deal.
JP Morgan- OPEC could reverse planned easing of oil cuts in 2021.

Published 10 Oct, 2020 12:41am

Business & Finance

Hurricane Delta shuts most US offshore oil output in 15 years

Delta packed 110 mile-per-hour (175 kph) winds as it churned through the Gulf's prime oil-producing area toward landfall on coastal Louisiana.
Ports from Beaumont, Texas, to Lake Charles, Louisiana, were closed while those further east.

Published 10 Oct, 2020 12:19am

Markets

Oil prices head for 10pc weekly jump on N. America, Norway outages

Brent was down 27 cents at $43.07 a barrel by 0908 GMT. US West Texas Intermediate (WTI) crude fell 28 cents to $40.91.

Updated 09 Oct, 2020 04:19pm

Business & Finance

Oil prices pause in week-long surge Norwegian strike drives strong gains

Brent was down by 9 cents at $43.25 a barrel by 0152 GMT, having gained more than 3% on Thursday. U.S. West Texas Intermediate (WTI) crude dropped 5 cents at $41.14 after also falling more than 3% on Thursday.

Updated 09 Oct, 2020 10:55am

Markets

Oil jumps on supply losses, possible OPEC output reversal

US crude inventories rise, fuel inventories dip.
Oil platforms shut in US Gulf as Hurricane Delta strengthens.
Norway strike could shut giant Sverdrup oilfield on Oct 14.

Published 09 Oct, 2020 12:34am

Pakistan

Omar lauds PSO's role in smooth fuel supply during COVID-19 pandemic

He also appreciated the PSO’s environment friendly fuel initiatives and encouraged further exploration of biofuels and cleaner energy solutions.

Published 08 Oct, 2020 06:57pm

Business & Finance

Oil rises above $42 on supply losses, US stimulus hopes

Oil and gas workers have withdrawn from offshore US Gulf production facilities as Hurricane Delta was forecast to intensify into a powerful, Category 3 storm.

Published 08 Oct, 2020 04:46pm

Business & Finance

BB Energy completes investment in Pakistan’s Euro Oil

Euro Oil, is operating in Pakistan, having 7,000 tons storage capacity for retail and wholesale oil products and services throughout the country.

Published 08 Oct, 2020 10:49am

Business & Finance

Oil prices rise as Hurricane Delta approaches U.S. Gulf of Mexico

U.S. West Texas Intermediate (WTI) crude futures rose 13 cents, or 0.3%, to $40.08 a barrel at 0215 GMT, after falling 1.8% on Wednesday.
Brent crude futures rose 20 cents, or 0.5%, to $42.19 a barrel, after falling 1.6% on Wednesday.

Published 08 Oct, 2020 10:17am

Markets

Oil falls 2pc on US stimulus impasse, stockpile rise

US crude stocks edge up, fuel inventories dip –EIA.
Oil platforms shut in US Gulf as Hurricane Delta strengthens.
Norwegian union threatens strike escalation.

Published 08 Oct, 2020 02:06am

Markets

Oil falls on US stimulus impasse and US stockpiles

Brent crude futures lost 74 cents, or 1.7pc, to $41.91 a barrel by 1009 GMT and US West Texas Intermediate (WTI) crude declined by 89 cents, or 2.2pc, to $39.78.

Published 07 Oct, 2020 03:57pm

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Stock	Price
SME Leasing Ltd / May 27 SME Leasing Limited(SLL)	3.40 ▲ 0.95 (38.78%)
Reliance Ins. / May 27 Reliance Insurance Company Limited(RICL)	6.45 ▲ 0.95 (17.27%)
Escorts Bank / May 27 Escorts Investment Bank Limited(ESBL)	7.06 ▲ 1.00 (16.50%)
Punjab Mod / May 27 First Punjab Modaraba(FPJM)	1.92 ▲ 0.22 (12.94%)
Dandot Cement / May 27 Dandot Cement Company Limited(DNCC)	8.20 ▲ 0.90 (12.33%)
F.Treet Manuf / May 27 First Treet Manufacturing Modaraba(FTMM)	8.75 ▲ 0.75 (9.38%)
Samba Bank / May 27 Samba Bank Limited(SBL)	10.25 ▲ 0.86 (9.16%)
Ruby Tex. / May 27 Ruby Textile Mills Limited(RUBY)	4.35 ▲ 0.35 (8.75%)
PICIC Ins.Ltd. / May 27 PICIC Insurance Limited(PIL)	1.03 ▲ 0.08 (8.42%)
Husein Sugar / May 27 Husein Sugar Mills Limited(HSM)	13.72 ▲ 1.00 (7.86%)

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Tri-Star Mutual / May 27 Tri-Star Mutual Fund Limited(TSMF)	5.75 ▲ -1.00 (-14.81%)
Nazir Cotton Mills / May 27 Nazir Cotton Mills Limited(NCML)	5.17 ▲ -0.68 (-11.62%)
Pak Gen.Ins. / May 27 The Pakistan General Insurance Co. Ltd.(PKGI)	8.20 ▲ -0.99 (-10.77%)
Silk Bank Ltd / May 27 Silkbank Limited(SILK)	1.29 ▲ -0.14 (-9.79%)
Askari Life Assur. / May 27 Askari Life Assurance Company Limited(ALAC)	6.21 ▲ -0.67 (-9.74%)
Ist.Dawood Bank / May 27 First Dawood Investment Bank Limited(FDIBL)	2.10 ▲ -0.18 (-7.89%)
Ghazi Fabrics / May 27 Ghazi Fabrics International Limited(GFIL)	5.81 ▲ -0.49 (-7.78%)
Thal Ind.Corp. / May 27 Thal Industries Corporation Limited(TICL)	253.91 ▲ -20.58 (-7.50%)
Cordoba Logistics / May 27 Cordoba Logistics & Ventures Limited(CLVL)	13.21 ▲ -1.07 (-7.49%)
Philip Morris Pak. / May 27 Philip Morris (Pakistan) Limited(PMPK)	536.53 ▲ -43.47 (-7.49%)

Stock	Volume
Cnergyico PK / May 27 Cnergyico PK Limited(CNERGY)	63,944,791 ▼ 0.00
Pak Refinery / May 27 Pakistan Refinery Limited(PRL)	54,932,038 ▼ 0.00
WorldCall Telecom / May 27 Worldcall Telecom Limited(WTL)	21,383,000 ▼ 0.00
Hum Network / May 27 Hum Network Limited(HUMNL)	21,349,500 ▼ 0.00
Ghani Glo Hol / May 27 Ghani Global Holdings Limited(GGL)	19,460,637 ▼ 0.00
Pak Elektron / May 27 Pak Elektron Limited(PAEL)	19,140,500 ▼ 0.00
Telecard Limited / May 27 Telecard Limited(TELE)	18,961,000 ▼ 0.00
K-Electric Ltd. / May 27 K-Electric Limited(KEL)	15,469,500 ▼ 0.00
Unity Foods Ltd / May 27 Unity Foods Limited(UNITY)	12,464,558 ▼ 0.00
Fauji Foods Ltd / May 27 Fauji Foods Limited(FFL)	11,951,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 26	202.40
USD PKR Interbank Buying / May 26	202.00
USD to Japanese Yen / May 26	127.04
USD to Swiss Franc / May 26	0.96
Pound Sterling to USD / May 26	1.26
Euro to USD / May 26	1.07
UK LIBOR % / May 26	0.82

Stock	Volume
S&P 500 / May 26	4057.84
India Sensex / May 26	54252.53
Tokyo Nikkei / May 26	26604.84
Nasdaq / May 26	11740.65
Hang Seng / May 26	20116.20
FTSE 100 / May 26	7564.92
Dow Jones / May 26	32637.19
Germany DAX 30 / May 26	14231.29
France CAC40 / May 26	6410.58

Item	Value
Crude Oil USD/Barrel / May 26	114.16
Karachi Cotton PKR/37.32 KG / May 26	21180.00
Gold 10 Grams PKR / May 26	118900.00
Gold Spot USD/Ounce / May 26	1855.80
Cotton US¢/pound / May 26	124.33

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