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Crude Oil

OPEC+ compliance with oil production cuts in Oct 101pc

The compliance assessment will be reviewed and confirmed by a meeting of the OPEC+ Joint Technical Committee on Monday.
OPEC+ is due to meet next on Nov. 30 and Dec. 1, following a high-level ministerial meeting on Tuesday.

Published 13 Nov, 2020 07:08pm

Business & Finance

PPL initiates crude oil production from well discovered in Ziarat

Back in September, PPL disclosed the discovery of crude oil from the above exploratory well in the Ziarat block, which is the first-ever discovery of crude oil in Chiltan and Moro / MughalKot formations in the province of Balochistan.

Published 13 Nov, 2020 10:32am

Business & Finance

Oil falls on COVID-19 surge but on track for weekly gain

Brent crude was down 75 cents, or 1.7%, at $42.78 a barrel as of 0314 GMT, after dropping 0.6% on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 89 cents, or 2.2%, to $40.23 a barrel, having lost 0.8% on Thursday.

Published 13 Nov, 2020 10:18am

Markets

Oil rises but US crude stockpile build tempers gains

• Vaccine unlikely to boost oil demand until later in 2021: IEA • European lockdowns remain a major concern ...

Published 13 Nov, 2020 02:57am

Markets

Brent touches $45/bbl on vaccine hopes, US crude drawdown

NEW YORK: Global oil benchmark Brent rose on Wednesday, briefly touching a more than two-month high above $45 a...

Published 12 Nov, 2020 02:50am

Markets

Brent oil hits $45 on hopes for COVID-19 vaccine, US crude stock draw

US WTI crude added 96 cents, or 2.3% to reach $42.32 a barrel.

Updated 11 Nov, 2020 09:00pm

Business & Finance

Oil gains after stockpile draw amid hopes for coronavirus vaccine

Brent crude was up 31 cents, or 0.7%, at $43.92 a barrel by 0213 GMT, while U.S. oil gained 36 cents, or 0.9%, to $41.72 a barrel.

Published 11 Nov, 2020 10:19am

Business & Finance

Oil falls as near-term demand worries overshadow COVID-19 vaccine relief

U.S. West Texas Intermediate (WTI) crude futures fell 60 cents, or 1.5%, to $39.69 a barrel at 0139 GMT, while Brent crude futures fell 54 cents, or 1.3%, to $41.86 a barrel.

Published 10 Nov, 2020 10:22am

Markets

Saudi energy minister says OPEC+ oil output deal could be tweaked

The Saudi minister was commenting after being asked whether OPEC+ - which groups OPEC states, Russia and other producers.
We did tweak and I believe with consultation with our friends, some of them are present here and some of them are not.

Published 09 Nov, 2020 05:51pm

Markets

China's Oct crude oil imports down 12.2pc m/m as buying frenzy fades

China, the world's No.1 crude oil importer, bought 42.56 million tonnes of the resource last month.
The October imports compared to 11.8 million bpd in September and 10.72 million bpd in October of last year.

Published 07 Nov, 2020 06:38pm

Markets

Oil drops as US election uncertainty dominates markets

Brent crude fell 20 cents, or 0.4%, to $41.03 a barrel.
US WTI crude was down 30 cents, or 0.7%, at $38.85.

Published 05 Nov, 2020 07:31pm

Business & Finance

U.S. crude stocks drop sharply in latest week: API

Crude inventories fell by 8 million barrels in the week to Oct. 30 to about 487 million barrels, compared with analysts’ expectations in a Reuters poll for a build of 890,000 barrels.

Published 04 Nov, 2020 10:15am

Business & Finance

Chevron, Exxon shrink spending as coronavirus cuts demand

In common with others in the sector, the two are laying off a substantial portion of their workforce and expect to cut costs further as they try to reverse years of weak stock performance, worsened by the impact of movement restrictions.

Published 31 Oct, 2020 10:06am

Business & Finance

Oil climbs as hurricane shuts U.S. output, bouncing back from 5% slide overnight

U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.8%, to $37.68 a barrel at 0120 GMT, while Brent crude futures rose 25 cents, or 0.6%, to $39.37 a barrel.

Published 29 Oct, 2020 10:15am

Markets

China’s 2020 crude steel output seen up

BEIJING: China’s 2020 crude steel output is expected to exceed 1 billion tonnes, up 3-5% year-on-year, as...

Published 29 Oct, 2020 02:53am

Markets

TSX falls as US crude stockpile, virus cases hit energy shares

The energy sector dropped 3% as US crude prices were down 5.4% a barrel, while Brent crude lost 4.7%.
The materials sector, which includes precious and base metals miners and fertilizer companies, lost 2.7%

Published 28 Oct, 2020 08:07pm

Markets

Trade body urges India not to reduce import tax on edible oils

Edible oil prices in India, the world's biggest importer of vegetable oils, have jumped recently, tracking a rally on foreign markets and after the local soybean crop was damaged by excessive rainfall.

Published 28 Oct, 2020 07:59pm

Markets

Oil plunges 5pc as coronavirus cases surge, US crude stockpiles swell

Rising COVID-19 cases and lack of US stimulus dent oil prices
US crude stocks rose by 4.6 mln barrels last week -API
Concerns over supply disruption from Hurricane Zeta recede

Published 28 Oct, 2020 07:43pm

Markets

US crude stocks jump, fuel inventories lower: EIA

Crude inventories rose by 4.3 million barrels in the week to Oct. 23 to 492.4 million barrels.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 422,000 barrels in the last week, EIA said.

Published 28 Oct, 2020 07:41pm

Markets

Oil in reverse as rise in US crude stocks fans oversupply fears

US crude stocks rose by 4.6 mln T last week –API.
Concerns over supply disruption from Hurricane Zeta recede.
Sentiment dented by rising COVID-19 cases, lack of US stimulus.

Published 28 Oct, 2020 04:55pm

Business & Finance

BP reappoints Wise as head of crude trading in latest reshuffle

Wise has been the global head of crude since 2015 and the role is considered one of the most powerful in the oil industry given BP's large presence in US crude exports and refining.
Investors have welcomed BP's shift but have also questioned the financial viability of the plan as renewables typically generate lower returns than oil and gas.

Published 28 Oct, 2020 04:52pm

Business & Finance

Oil falls on oversupply fears after build in U.S. crude stocks

In early Asia, Brent crude was down 61 cents, or 1.5%, at $40.59 a barrel by 0033 GMT, having climbed nearly 2% the previous day. U.S. oil was down 66 cents, or 1.7%, at $38.91 a barrel, after gaining 2.6% on Tuesday.

Published 28 Oct, 2020 10:17am

Markets

Oil rises towards $41 on US Gulf shutdowns, outlook weak

US offshore Gulf oil cut 16% due to Hurricane Zeta.
US crude inventories expected to rise.
Libyan output to reach 1 million bpd in weeks.

Published 27 Oct, 2020 04:58pm

Business & Finance

WTI Falls Below $39 as COVID fears sweep through

West Texas Intermediate drops to below $39 amid COVID-19 fears and rise in oil production.

Published 27 Oct, 2020 01:48pm

Markets

Oil drops 3pc as virus infections, Libyan oil output rebound

COVID-19 cases surge in the US, Europe.
Libya lifts force majeure on last oilfield after blockade.
OPEC chief says rising infections may delay oil recovery.

Published 26 Oct, 2020 08:43pm

Markets

Libya's NOC lifts force majeure on last oilfield after blockade

NOC announces as of today, Monday Oct. 26, the end of the closure of each of the Libyan oilfields and ports.
It has also said that output may take longer to restore because of damage caused by the long shutdown.

Published 26 Oct, 2020 05:36pm

Markets

Oil drops on rising virus cases, increasing Libyan output

COVID-19 cases surge in the US, Europe.
Libyan output to reach 1 million bpd in four weeks.
Both contracts fell almost 2.5% last week.

Published 26 Oct, 2020 05:19pm

Markets

Raw sugar weakens on lower crude oil, firm dollar

March raw sugar was down 0.08 cent, or 0.5%, at 14.64 cents per lb.
March New York cocoa was up $10, or 0.4%, at $2,489 per tonne.

Published 26 Oct, 2020 04:59pm

Business & Finance

Oil falls as COVID-19 case surge stokes demand concerns

Brent crude was down 70 cents, or 1.7%, at $41.07 by 0353 GMT. U.S. West Texas Intermediate (WTI) dropped 69 cents, or 1.7%, to $39.16, having fallen more than a dollar shortly after the start of trading.

Published 26 Oct, 2020 10:15am

Markets

Brazil soars to China’s No. 3 crude oil supplier

BEIJING/SINGAPORE: Brazil jumped to China’s third-biggest crude oil supplier in September, import data showed on...

Published 26 Oct, 2020 02:52am

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
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Cotton US¢/pound / Apr 26	81.15
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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