Trends - Crude Oil - Business Recorder

Crude Oil

Canadian government commits C$320mn to aid offshore oil industry

O'Regan said in St. John's, Newfoundland and Labrador, that the funds are intended to support jobs, and could be used for maintenance, upgrades and environmental services.
The money falls short of requests from the industry, which included a government stake in a major project, tax credits and investment incentives.

Published 25 Sep, 2020 11:34pm

Markets

Oil heads for 3pc weekly drop as coronavirus demand concerns mount

US records over 7 mln COVID-19 cases, Midwest outbreak surges
Shell books tanker to load crude at Libya's Zueitina oil port
US drillers add rigs for second week, still down for 7th quarter: Baker Hughes

Published 25 Sep, 2020 11:20pm

Business & Finance

Falling Oil Prices threatens Pakistan's Inflow of Remittances

Falling demand for oil in the Gulf States contributes to Pakistani expatriates' growing joblessness and a decline in the inflow of remittances.

Published 25 Sep, 2020 05:04pm

Markets

Rouble rebounds on easing risk aversion, crude strength

At 0755 GMT, the rouble was 0.3pc stronger against the dollar at 76.88 and had gained 0.3pc to trade at 89.75 versus the euro.

Published 25 Sep, 2020 04:36pm

Markets

Oil heading for weekly drop as coronavirus demand concerns mount

Brent crude was up 30 cents at $42.24 a barrel by 0855 GMT, while US West Texas Intermediate (WTI) crude rose 23 cents to $40.54.

Published 25 Sep, 2020 04:07pm

Business & Finance

Oil gains but heading for weekly fall over coronavirus demand concerns

Brent crude was up 17 cents at $42.11 a barrel by 0346 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 gained 16 cents to $40.47.

Published 25 Sep, 2020 10:39am

Business & Finance

Oil gains but heading for weekly fall over coronavirus demand concerns

Brent crude was up 17 cents at $42.11 a barrel by 0346 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 gained 16 cents to $40.47.

Published 25 Sep, 2020 10:39am

Markets

Crude steady as rising European COVID-19 cases offset US oil stock draw

Second COVID-19 wave in Europe threatens economic recovery.
US unemployment filings unexpectedly rose last week.
Libya prepares to ramp up exports.
US oil stocks slump but fuel demand subdued –EIA.

Published 25 Sep, 2020 12:00am

Markets

ConocoPhillips sees global oil demand returning

The view stands in contrast to rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand.
Capital spending in 2021 will be "somewhat below" its original planned 2020 level of $6.6 billion, Macklon said.

Published 24 Sep, 2020 11:30pm

Markets

Oil falls as frail demand outlook outweighs US stock drawdown

Brent crude futures fell 21 cents, or 0.5pc, to $41.56 a barrel by 0922 GMT, while US West Texas Intermediate (WTI) crude futures dropped 26 cents, or 0.7pc, to $39.67 a barrel.

Published 24 Sep, 2020 03:26pm

Markets

Oil rises after US crude, fuel stockpiles draw down

• First tanker to load crude at Libya’s Hariga port since January NEW YORK: Oil prices edged higher on...

Published 24 Sep, 2020 02:47am

Markets

Oil rises after US crude, fuel stockpiles draw down

• Libyan oil output recovering, OPEC watching progress NEW YORK Oil rose more than 1% on Wednesday, supported by...

Published 24 Sep, 2020 02:47am

Markets

Oil edges higher after US crude, fuel stockpiles draw down

US oil inventories fall across the board –EIA.
US business activity dips in September -IHS Markit.
First tanker to load crude at Libya's Hariga port since January.

Published 24 Sep, 2020 01:38am

Markets

Oil edges up to $42, eyeing Libya and US inventories

API says US crude inventories rise, fuel stocks fall.
Libyan oil output recovering, OPEC watching progress.
Coming Up: Weekly EIA supply report, 1430 GMT.

Published 24 Sep, 2020 12:47am

Markets

Oil rises 1pc after US crude, fuel stockpiles draw down

A record output cut by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, has helped revive prices.

Published 23 Sep, 2020 08:39pm

Markets

Oil steadies near $42, US inventories in view

The American Petroleum Institute, an industry group, said crude inventories rose by 691,000 barrels rather than falling as analysts forecast.

Published 23 Sep, 2020 03:10pm

Markets

Oil down after U.S. crude inventories rise against expectations

Brent crude was trading down 30 cents, or 0.7%, at $41.42 a barrel by 0347 GMT, after gaining 28 cents on Tuesday, while U.S. crude dropped 34 cents, or 0.9%, to $39.46.

Published 23 Sep, 2020 10:04am

Markets

Oil slips, unable to rebound from Monday's losses as COVID cases pick up

Brent crude fell 7 cents to $41.37 per barrel by 1:24 p.m. EDT (1724 GMT).
US West Texas Intermediate crude (WTI) for October, due to expire on Tuesday, fell 18 cents to $39.13.
US crude oil and gasoline stockpiles likely fell last week, while inventories of distillates.

Published 23 Sep, 2020 12:44am

Markets

Venezuela's PDVSA to sell crude cargo to Iran's national oil company

Venezuela and Iran are under sanctions imposed by the United States, hurting their oil industries and hitting crude exports.
Washington has sought to disrupt the deepening bilateral trade between the two countries.

Published 22 Sep, 2020 10:21pm

Markets

Oil rises on expectations demand can survive new lockdowns

US West Texas Intermediate (WTI) crude for October, due to expire on Tuesday, rose 58 cents, or 1.5pc, to $39.89.

Published 22 Sep, 2020 07:31pm

Markets

Oil rises as U.S. storm eases, but demand worries linger

U.S. West Texas Intermediate (WTI) crude futures for October, due to expire on Tuesday, rose 26 cents, or 0.7%, to $39.57 a barrel at 0224 GMT.

Published 22 Sep, 2020 10:17am

Markets

Oil falls 5pc as economic outlook dims with rising virus cases

More than 30.78 mln people infected by coronavirus-Reuters tally.
Both crude benchmarks in biggest daily drop since Sept 8.
Storm Beta moving towards the central Texas coast –NHC.

Published 22 Sep, 2020 01:26am

Markets

Oil prices slip on potential Libyan output return, storm supports

Brent crude was down 78 cents at $42.37 a barrel by 0909 GMT, set for its biggest daily drop in two weeks. US crude fell 84 cents to $40.27 a barrel.

Published 21 Sep, 2020 03:10pm

Markets

Oil prices steady as third storm in month takes aims at U.S.

Brent crude was up 9 cents, or 0.2%, at $43.24 a barrel by 0230 GMT, while U.S. crude was up 10 cents, or 0.2%, to $42.21 a barrel.

Published 21 Sep, 2020 10:25am

Markets

Oil refiners worldwide struggle with weak demand, inventory glut

Refiners cut output by as much as 35% in spring as coronavirus lockdowns destroyed the need for travel.

Published 21 Sep, 2020 10:13am

Markets

Oil prices mixed as OPEC boost countered by Libyan developments

OPEC+ pushes for better compliance with output quotas.
Goldman Sachs and UBS predict undersupply.
New storms forming as US output resumes.

Published 18 Sep, 2020 08:25pm

Markets

Russian oil exports seen stable in October

Russia plans to load 3.5 million tonnes of Urals oil from its Baltic ports in September and 1.6 million tonnes of Urals and Siberian Light oil from the Black Sea's Novorossiisk.
Traders believe this will not be the case this time due to production cuts by Russia within the OPEC+ global deal.

Published 18 Sep, 2020 07:02pm

Markets

Oil prices fall after Haftar signals Libya output to resume

OPEC+ pushes for better compliance with output quotas.
Goldman Sachs and UBS predict undersupply.
New storms forming as US output resumes.

Published 18 Sep, 2020 07:00pm

Markets

Oil eases as U.S. production returns after storm

Brent crude was down 6 cents at $43.24 a barrel by 0112 GMT, while U.S. oil futures dropped 6 cents to $40.91 a barrel.

Published 18 Sep, 2020 10:19am

Markets

OPEC+ may hold extraordinary October meeting if oil market worsens

OPEC+ worried about second wave of pandemic.
Compensation for overproduction could be extended.
UAE emerges as laggard alongside Iraq, Nigeria.

Updated 17 Sep, 2020 08:47pm

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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