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Crude Oil

US Gulf oil platforms shutting as Hurricane Delta strengthens

Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season, was churning in the Caribbean with sustained winds of 140 miles per hour.
Royal Dutch Shell Plc said on Tuesday it was evacuating nonessential workers from all nine of its offshore Gulf of Mexico operations and preparing to shut production.

Published 07 Oct, 2020 01:57am

Markets

Oil up more than $1 a barrel on hurricane, supply disruptions

Norway strikes buoy markets.
Trump's return soothes market nerves.
Hurricane brews in Gulf of Mexico.

Published 07 Oct, 2020 12:42am

Markets

Oil prices gain on supply disruptions, Trump's hospital exit

US West Texas Intermediate (WTI) crude futures were trading 34 cents higher, or 0.9pc, at $39.56 a barrel.

Published 06 Oct, 2020 03:41pm

Markets

Oil jumps 5pc on Trump health update, Norway shutdowns

Trump says he will return to White House later on Monday.
Six Norway oil and gas fields shut as strike escalates.

Published 06 Oct, 2020 01:37am

Markets

US stocks, crude jump on revived stimulus hopes, Trump's improving health

This probably is a bit of a relief rally," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.
"That seems to be where the market is leaning right now."

Published 06 Oct, 2020 01:18am

Markets

CBOT soybeans close higher as crude oil rallies

The strength in crude oil supported gains in soyoil, which rose 2.9%.
Soymeal futures were weaker, setting back from contract highs hit on Friday.

Published 06 Oct, 2020 12:47am

Markets

Saudi Arabia oil exports at 6.1mn bpd, says industry source

The world's top oil exporter pumped 8.988 million bpd and exported 6 million bpd in August, the source said.

Published 05 Oct, 2020 04:48pm

Markets

Oil rebounds on Trump health update, Norway shutdowns

Brent was up $1.20, or 3.1pc, to $40.47 a barrel by 0925 GMT. US West Texas Intermediate (WTI) crude was $1.26, or 3.4pc, higher at $38.31 a barrel.

Published 05 Oct, 2020 04:17pm

Business & Finance

Chevron Nigeria plans to cut 25pc of staff after oil price drop

There were no plans to move jobs abroad and it was engaging with its workforce on the plan.
Prices of oil, Nigeria's main export, fell sharply early this year and in April global benchmark Brent hit a 21-year low below $16 as the coronavirus outbreak hit demand.

Updated 03 Oct, 2020 11:08pm

Markets

US natgas falls with crude after Trump tests positive for coronavirus

Front-month gas futures on the New York Mercantile Exchange (NYMEX) fell 8.9 cents, or 3.5%, to settle at $2.438 per million British thermal units.
The cash market's depressed trading signals a broader weakness that will need to be mitigated before NYMEX trading can strengthen.

Published 03 Oct, 2020 01:48am

Markets

Venezuela's oil exports hit 5-month high ahead of wind-down

The Maximo Gorki, carrying 2 million barrels of heavy crudes for an undisclosed customer in Fujairah.
Iran and Venezuela, both under US sanctions, have increased cooperation this year, especially in the oil trade.

Published 02 Oct, 2020 10:56pm

Markets

Palm falls over 2pc on cheaper crude after Trump tests positive for COVID-19

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed 2.8pc lower to 2,715 ringgit ($652.33) a tonne.

Updated 02 Oct, 2020 05:57pm

Oil drops 4pc after Trump's positive coronavirus test

Brent crude slipped on the Trump news and was down $1.67, or 4.1pc, at $39.26 a barrel by 1038 GMT. US oil was down $1.62, or 4.2pc, at $37.10.

Published 02 Oct, 2020 04:25pm

Markets

Oil falls further as Trump tests positive for COVID-19

Brent crude slipped on the news and was down 78 cents, or 1.9%, at $40.53 a barrel at 0516 GMT. U.S. oil was 79 cents, or 2%, lower at $37.93.

Published 02 Oct, 2020 11:19am

Markets

Oil slides on weak demand outlook and higher OPEC supplies

Brent crude futures fell $1.64, or 3.9pc, to $40.66 a barrel by 1401 GMT and US West Texas Intermediate (WTI) crude futures were down $1.75, or 4.4pc, at $38.47.

Published 01 Oct, 2020 07:59pm

Pakistan

OGDCL carries out 3,407 L-KMs 2D, 1,324 Sq. KMs 3D surveys

The OGDCL injected 14 new wells, producing 251,642 Barrels crude oil and 6,709 Million Cubic Feet (MMCF) gas, in its production gathering system during the last fiscal year.

Published 01 Oct, 2020 05:30pm

Markets

Oil slips on weak demand outlook and higher OPEC supplies

Brent crude futures fell 17, or 0.4pc, to $42.13 a barrel by 0818 GMT and US West Texas Intermediate (WTI) crude futures were down 22 cents, or 0.6pc, at $40.

Published 01 Oct, 2020 03:41pm

Markets

Oil holds steady on hopes for U.S. stimulus agreement

*U.S. West Texas Intermediate (WTI) crude futures slipped 1 cent to $40.21 a barrel at 0146 GMT, after jumping 2.4% on Wednesday.

Brent crude futures rose 3 cents to $42.33 a barrel, after falling 0.2% overnight.

Published 01 Oct, 2020 10:26am

Markets

Brent pares losses, US crude up on stimulus hopes

NEW YORK: Global benchmark Brent crude pared losses Wednesday and the US crude price rose on hopes that a US ...

Published 01 Oct, 2020 02:58am

Pakistan

Diesel prices reduced by Rs2.4 per liter, petrol prices to remain unchanged

The new price of per liter diesel would be Rs 104.06 against its old price of Rs.106.46.

Published 01 Oct, 2020 12:58am

Markets

Colorado oil regulators endorse new drilling restriction

A final vote on the rule, which would go into effect next year, will take place in November.
The new regulation would fit legislation passed last year that altered how the oil and gas industry is regulated in Colorado.

Published 30 Sep, 2020 01:14am

Markets

Oil falls over 3pc as virus cases mount and US debate looms

Global coronavirus deaths surpass 1 million -Reuters tally.
Positive coronavirus cases climb in New York City.
Top traders see tepid oil demand recovery.
Trump-Biden debate in focus.
Libya's Sarir oilfield has restarted production.
US crude stocks seen up last week - Reuters poll.

Published 30 Sep, 2020 01:12am

Markets

Oil falls as virus count mounts, US debate looms

Brent's November contract, which expires on Wednesday, fell 11 cents, or 0.3pc, to $42.32 per barrel by 1023 GMT.

Published 29 Sep, 2020 04:04pm

Markets

Oil prices drop as demand worries counter U.S. stimulus hopes

U.S. West Texas Intermediate (WTI) crude futures dropped 34 cents, or 0.8%, to $40.26 a barrel at 0645 GMT.
The more-active Brent crude futures for December fell 32 cents, or 0.8%, to $42.55 a barrel. The November contract, which expires on Wednesday, fell 27 cents to $42.16 per barrel.

Published 29 Sep, 2020 03:51pm

Markets

Oil up 1pc on economic hope; virus fears check price gains

'Relief rally' pushes equity markets higher.
Firming dollar helps prices.
Russian oil minister warns of resurgent COVID-19 risks.
Higher exports from Iran, Libya.

Published 29 Sep, 2020 01:28am

Business & Finance

Devon Energy to buy shale-oil rival WPX Energy for $2.56bn

The all-stock deal comes as US shale companies have posted big losses on weak crude prices amid the COVID-19 pandemic.
Devon said the deal, expected to close in early 2021, will help cut costs and increase annual cash flow by $575 million by the end of next year.

Published 29 Sep, 2020 01:23am

Markets

Oil steady as equities provide support, COVID-19 hits demand outlook

Firming dollar mitigates some losses.
Russian oil minister warns of resurgent COVID-19 risks.
Higher exports from Iran, Libya.

Published 28 Sep, 2020 11:26pm

Markets

Oil steady as surging virus cases cloud demand outlook

Despite efforts by the Organization of the Petroleum Exporting Countries and their allies to limit output, more crude is being exported from OPEC producers Iran and Libya.

Published 28 Sep, 2020 07:17pm

Markets

Shell books tanker to load crude at Libya's Zueitina oil port

The Amoureux tanker is expected to load a 1 million barrel cargo and then discharge in Singapore on Oct. 22.
Libya's National Oil Corporation (NOC) lifted force majeure on crude loadings at the port on Sept. 22.

Published 26 Sep, 2020 12:28am

Markets

Iran's oil exports jump in September defying sanctions: TankerTrackers

Iranian exports rise to 1.5 million bpd – TankerTrackers.
Other trackers see increased exports, but not on same scale.
Hard to know final destinations due to ship-to-ship transfers.
Iran's oil minister says oil sales are disguised.

Published 26 Sep, 2020 12:23am

Gainers
Losers
Leaders

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%)

Stock	Price
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

Crude Oil

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