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Crude Oil

China's Nov crude imports rise m/m as backlog cleared

The commerce ministry has raised 2021 crude import quotas by 20% to 243 million tonnes for non-state refiners.

Published 07 Dec, 2020 11:51am

World

Iran prepares to raise oil exports if sanctions eased: state media

U.S. President-elect Joe Biden, who will take office on Jan. 20, has said that he would return to the pact and would lift sanctions if Tehran returned to “strict compliance with the nuclear deal”

Published 07 Dec, 2020 09:38am

Markets

Oil prices fall as surging virus cases force more lockdowns

Iran, meanwhile, has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on Sunday.

Published 07 Dec, 2020 09:33am

Markets

US oil may drop to $45.41

The third wave labeled c is unfolding towards $45.41. Immediate resistance is at $46.18, a break above which may lead to a gain to $46.66.

Published 07 Dec, 2020 09:21am

Markets

Saudi Arabia raises official January crude price to Asia

Aramco also set its OSP for Arab light crude oil to Northwestern Europe to minus $1.40 a barrel to ICE Brent.

Published 06 Dec, 2020 06:33pm

Markets

Iran prepares to raise oil exports if sanctions eased

Rouhani said on Sunday that his country was preparing for a speedy increase of its oil production, the official IRNA news agency reported.

Published 06 Dec, 2020 06:23pm

Markets

Oil moves up towards $50/bbl after OPEC+ supply compromise

OPEC+ had been expected to continue existing cuts until at least March, after backing down from plans to raise output by 2 million bpd.

Published 04 Dec, 2020 06:14pm

Markets

OPEC+ agrees small oil output hike from January

Saudi wanted a rollover, Russia - a gradual rise.
Output to increase by 0.5 mln bpd from Jan.
OPEC+ to meet monthly to decide on next months.
Vaccine hopes spur oil price rally, demand still weak.

Published 04 Dec, 2020 12:42am

Markets

Indonesia 2021 crude palm oil output seen at 49mn tonnes

Meanwhile, GAPKI expected the world's biggest producer of the vegetable oil to export 36 million tonnes of palm oil next year, up from an estimated 32.27 million tonnes in 2020.

Published 03 Dec, 2020 03:28pm

Business & Finance

Oil drops as OPEC+ resume talks on output cut extension after impasse

Brent crude was down 15 cents, or 0.3%, at $48.10 a barrel by 0155 GMT, after gaining 1.8% on Wednesday.

Published 03 Dec, 2020 10:12am

Markets

US crude inventories dip, fuel stocks build amid weak demand: EIA

Crude inventories fell by 679,000 barrels in the week to Nov. 27, much less than analysts' expectations in a Reuters poll for a 2.4 million-barrel drop.
This trend is likely to continue over the next couple of months as refiners increase diesel production and gasoline demand goes into its seasonally slow period

Published 03 Dec, 2020 12:09am

Markets

Oil prices steady as OPEC and allies seek consensus on output

Brent crude was down 1 cent at $47.87 a barrel by 1115 GMT and West Texas Intermediate was down 9 cents at $45.25.

Published 01 Dec, 2020 05:08pm

Markets

US crude oil output rises to 10.86 million bpd in September

NEW YORK: US crude oil production rose 286,000 barrels per day in September to 10.86 million bpd, as production...

Published 01 Dec, 2020 03:05am

Markets

US crude oil output rises to 10.86 million bpd in September

Oil production rose 61,000 bpd in North Dakota and 315,000 bpd in the offshore Gulf of Mexico, offsetting cuts in Texas.
US gasoline demand was down 6.8%, or 624,000 bpd, from a year earlier at 8.545 million bpd.

Published 01 Dec, 2020 12:35am

Markets

OPEC reaches consensus to extend oil cuts in Q1 if allies agree

OPEC+ officials failed to agree in Sunday's informal talks.
New coronavirus wave prompted rethink on output policy.
Saudi wants extension of existing production cuts.
Russia backs gradual output increase from January.

Published 01 Dec, 2020 12:29am

Markets

OPEC, allies mull extending output cuts

The trend is unlikely to be reversed as victorious Democratic presidential candidate Joe Biden has committed to modest curbs on fracking.

Published 29 Nov, 2020 05:19pm

Business & Finance

Oil mixed as rally falters over supply concerns, vaccine doubts

WTI was down by 69 cents, or 1.5%, at $45.02 by 0104 GMT. U.S. crude prices did not settle on Thursday due to the holiday. Brent crude was up by 9 cents at $47.89, having fallen 1.7% overnight.

Published 27 Nov, 2020 10:19am

Markets

West Africa Crude-Offers stay high on Chinese, Indian buying

Exxon was offering a cargo of Angolan CLOV at dated Brent plus $2.50, while offers for Dalia crude were at plus $2.30.
India's IOC has purchased at least 10 million barrels of West African, mostly Nigerian.

Published 26 Nov, 2020 10:34pm

Markets

Oil rally stalls on signs of more supply, demand doubts

Brent futures had risen to nearly $50 a barrel this week after three major pharmaceutical companies announced progress on vaccines that could start to be rolled out before the year-end.

Published 26 Nov, 2020 03:53pm

Business & Finance

Oil rally boosted by surprise fall in U.S. stocks

Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising around 1.6% in the previous session.

Published 26 Nov, 2020 10:42am

Markets

Iraq extends bid deadline for major crude prepayment deal

LONDON: Iraq has extended the bid deadline on its first major crude oil prepayment deal to early December after...

Published 26 Nov, 2020 02:54am

Markets

Oil rallies past 8-month high on US crude inventory drop, vaccine hopes

NEW YORK: Oil prices climbed to the highest in more than eight months on Wednesday, as data showing a surprise drop...

Published 26 Nov, 2020 02:54am

Markets

Oil rallies past 8-month high on US crude inventory drop, vaccine hopes

Brent crude rose 80 cents, or 1.7%, at $48.66 a barrel by 12:57 p.m. ET (1757 GMT), adding to a 4% gain the previous session.
Both benchmarks rose for a fourth straight session, to the highest since early March.

Published 26 Nov, 2020 12:30am

Markets

Oil shrugs off U.S. inventory gain amid sustained vaccine rally

Brent crude was up 53 cents, or 1.1pc, at $48.39 a barrel by 0956 GMT, having risen almost 4pc in the previous session.

Published 25 Nov, 2020 04:33pm

Markets

Palm gains as stronger crude, rival oils off weigh demand slump

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange closed up 1.11pc at 3,285 ringgit ($804.16) a tonne.

Published 25 Nov, 2020 04:26pm

Markets

Oil hits highest since March, spurred by vaccine hopes

Brent crude rose 31 cents, or 0.7pc, to $46.37 a barrel by 0914 GMT and hit a session high of $46.72, its highest since March 6.

Published 24 Nov, 2020 04:01pm

Business & Finance

Oil rises about 1%, posts third week of gains on vaccine hopes

Brent crude futures rose 76 cents, or 1.7%, to settle at $44.96 a barrel.

Published 21 Nov, 2020 12:49pm

Business & Finance

Oil slips a second day as coronavirus cases spiral amid stimulus talks

West Texas Intermediate was down 9 cents, or 0.2%, at $41.65 a barrel by 0039 GMT, after dropping around 0.2% on Thursday. Brent crude was yet to trade, having fallen 0.3% in the previous session. The contracts are heading for a third week of gains.

Published 20 Nov, 2020 10:14am

Markets

Saudi crude exports rise to 6.07mn bpd in September: JODI

The country's crude output was at 8.98 million bpd in September.
The country's total oil product demand fell by 168,000 bpd in September to 2.38 million bpd.

Published 18 Nov, 2020 07:33pm

BR Research

Crude oil – Covid reigns in prices

News about Covid-19 vaccine earlier last week offered a glimmer of hope and Brent crude oil rallied by over 8 ...

Published 16 Nov, 2020 08:18am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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