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Crude Oil

Shipping Intelligence
Markets

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 8, 2021)....
Published 09 Mar, 2021 05:45am
PMEX daily trading report
Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.825...
Published 06 Mar, 2021 05:01am
Oil surges $2 after OPEC+ extends output cuts
Markets

Oil surges $2 after OPEC+ extends output cuts

  • Saudi Arabia surprises with continued voluntary cuts.
  • OPEC+ producers keep curbs, agree only small output boost.
  • Decision could affect oil inventories into 2022.
  • Brent and WTI on track for weekly gains.
Published 05 Mar, 2021 08:28pm
US crude stocks surge, fuel stocks plunge in wake of Texas freeze
Markets

US crude stocks surge, fuel stocks plunge in wake of Texas freeze

  • Crude inventories rose by 21.6 million barrels in the week to Feb. 26 to 484.6 million barrels, compared with analysts' expectations in a Reuters poll for a 932,000-barrel drop.
  • Crude stocks at the Cushing, Oklahoma, delivery hub rose by 485,000 barrels in the last week, EIA said.
Published 03 Mar, 2021 08:45pm
US oil may test support at $59.08
Markets

US oil may test support at $59.08

  • Due to a small congestion area forming between Feb. 19 and Feb. 22, oil may fail to break $59.08 in its first attempt. A bounce could occur around this level.
Published 02 Mar, 2021 10:10am
PMEX daily trading report
Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.614...
Published 27 Feb, 2021 04:29am
Shell in Germany seeks to speed up drive to go green
Business & Finance

Shell in Germany seeks to speed up drive to go green

  • Aims to produce clean aviation fuel, naphtha.
  • To scale up 10 MW electrolysis at Wesseling to 100 MW.
  • Eyes several hundred million euros a year of spending.
  • To create carbon-free delivery chains for transport fuel.
  • Ties in with moves into electricity market.
Published 26 Feb, 2021 06:58pm