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Crude Oil

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

Markets

Oil above $42 as possible OPEC+ cut extension offsets demand concern

COVID-19 surges across US; France extends curfew.
Putin says rollover on OPEC+ oil output curbs possible.
Brent heads for first weekly loss in three.

Published 23 Oct, 2020 07:12pm

Markets

Syria fuel crisis eases as Iran delivers new oil supplies

A vessel began unloading 38,000 tonnes of gasoline at the Baniyas oil terminal on Monday.
Data from TankerTrackers, which tracks shipments and oil storage, showed a spike in Iranian exports last month in defiance of US sanctions.

Published 23 Oct, 2020 05:27pm

Business & Finance

Oil steady as Russia indicates support for extending output cuts

Brent crude was down 1 cent at $42.45 a barrel by 0413 GMT having risen 1.7% on Thursday, while U.S. oil was 3 cents lower at $40.61, following a 1.5% gain in the previous session. Both contracts are heading for their first weekly loss in three.

Published 23 Oct, 2020 10:14am

Markets

Oil struggles to recover after US gasoline stocks build

WTI crude futures ticked up 44 cents to $40.47 a barrel.

Published 22 Oct, 2020 05:42pm

Markets

Oil prices slip as US inventory build stokes fears of supply glut

Brent crude futures for December delivery were at $42.44 a barrel, down 72 cents, or 1.67%.

Published 21 Oct, 2020 06:25pm

Business & Finance

Oil prices slip as U.S. inventory build stokes fears of supply glut

Brent crude futures for December delivery were at $42.93 a barrel, down 23 cents, or 0.5%, as of 0332 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 20 cents, or 0.5%, to $41.50 a barrel. Both benchmarks rose in the previous session.

Published 21 Oct, 2020 10:33am

Markets

Oil inches up on US stimulus hopes, rising virus cases keep prices in check

However, those countries plan on scaling back the size of its production cuts in January from a current 7.7 million barrels per day (bpd) to roughly 5.7 million bpd in January.

Published 20 Oct, 2020 11:50pm

Business & Finance

Oil prices drop for 4th day as COVID-19 second wave worries intensify

Brent crude futures fell 32 cents, or 0.8%, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday.

Published 20 Oct, 2020 10:21am

Markets

Canada's Alberta gives struggling oil and gas drillers municipal tax break

The Alberta government said it would also lower property tax assessments on less-productive wells and eliminate a provincial tax on drills.
The measures combined are worth between C$81 million ($61.4 million) and C$84 million in the first year.

Published 20 Oct, 2020 01:23am

Markets

Output at Libya's Sharara oilfield rises to around 150,000 bpd

The Organization of the Petroleum Exporting Countries and its allies have highted rising Libyan production.
The field, with a capacity of around 300,000 bpd, started operations at a rate of around 40,000 bpd.

Published 20 Oct, 2020 12:43am

Markets

Oil dips after OPEC+ meeting as Libyan supply boost weighs

OPEC+ monitoring panel recommends to stick to oil deal -Novak.
Libya's Abu Attifel oilfield expected to restart from Oct. 24.
Pelosi 'optimistic' on coronavirus relief deal before election.

Updated 20 Oct, 2020 12:11am

Markets

Oil prices slip after China economic data; focus on OPEC+ supply

Brent rose 0.2pc last week while WTI gained 0.7pc, after crude and oil product inventories in the United States, the world's top oil consumer, fell.

Published 19 Oct, 2020 05:44pm

Markets

Oil falls on demand concerns and new European lockdowns

US West Texas Intermediate crude for November was down 28 cents, or 0.7pc, at $40.60. The contract will expire on Tuesday.

Published 19 Oct, 2020 04:04pm

Business & Finance

Oil prices decline after China economic data disappoints

Brent crude for December slipped 15 cents, or 0.4%, to $42.78 a barrel by 0405 GMT. U.S. West Texas Intermediate crude for November was at $40.70 a barrel, down 18 cents.

Published 19 Oct, 2020 10:17am

Markets

Oil dips on COVID-19 resurgence, fears of more supply

Both benchmarks a shade firmer for the week.
Some European countries revive coronavirus curfews.
OPEC+ fears second virus wave could lead to oil surplus in 2021.
US oil and gas rig count rises by most since January.

Published 17 Oct, 2020 12:32am

World

US says 8pc Gulf offshore crude oil production remains shut after Delta

The shut crude oil production on Friday is 146,866 barrels per day (bpd). Shut natural gas output slid to 6%, or 160.6 million cubic feet per day (mmcfd), BSEE said.
BSEE said Friday's report is the last it will provide for Hurricane Delta because of the small amount of production that remains shut.

Published 17 Oct, 2020 12:04am

Markets

Oil slides on COVID-19 resurgence, strong dollar

In Europe, some countries were reviving curfews and lockdowns to fight a surge in new coronavirus cases, with Britain imposing tougher COVID-19 restrictions in London on Friday.

Published 16 Oct, 2020 04:54pm

Markets

Oil eases as new lockdowns raise concern about fuel demand

US petroleum products supplied increase last week – EIA.
US distillate inventories post biggest drop since 2003 – EIA.
Europe revives lockdowns amid soaring coronavirus cases.
OPEC+ made little progress in compensating for overproduction.
Top global oil traders see slow oil demand recovery.

Published 16 Oct, 2020 01:51am

Markets

Regulator finds 24pc US Gulf offshore crude oil production shut

Shut crude oil production is 24% or, 439,823 barrels per day (bpd). Also, 12% of natural gas output.
Between Oct. 6 and Thursday, a cumulative total of 11.9 million barrels of crude oil production and 11.2 billion cubic feet of natural gas output.

Published 16 Oct, 2020 12:28am

Markets

Oil slips as new lockdown measures threaten demand recovery

Brent crude futures dropped 70 cents, or 1.6% to $42.62 a barrel at 0905 GMT, while US West Texas Intermediate (WTI) crude futures were down 69 cents, or 1.7%, to $40.35.

Published 15 Oct, 2020 06:21pm

Markets

Palm falls over 2pc on lower Oct exports, weaker crude

Oil prices fell as the new restrictions in the bloc increased uncertainty over the outlook for economic growth and a recovery in fuel demand.

Published 15 Oct, 2020 05:41pm

Business & Finance

Oil prices hold gains after U.S. crude inventory draw

U.S. West Texas Intermediate (WTI) crude futures climbed 8 cents, or 0.2%, to $41.12 a barrel at 0430 GMT, while Brent crude futures rose 7 cents, or 0.2% to $43.39 a barrel.

Published 15 Oct, 2020 10:39am

Markets

Mexico's Pemex sees output reaching 2.3mn bpd by end-2024

He said private output is expected to reach just 70,000 bpd by the end of 2020, and some 280,000 bpd by 2024.
Romero, a longtime confidant of the president, said Pemex's domestic refineries will process 1.1 million bpd of crude by the end of this year, up 10%.

Published 15 Oct, 2020 12:19am

Markets

Oil under pressure as coronavirus spike stokes demand concerns

Brent crude futures for December delivery were little changed at $42.48 a barrel by 1228 GMT. US West Texas Intermediate futures also traded flat at $40.18.

Published 14 Oct, 2020 07:32pm

Business & Finance

Oil steady as rising coronavirus cases stokes demand concerns

Brent crude futures for December fell by 8 cents, or 0.2%, to $42.37 a barrel by 0142 GMT while U.S. West Texas Intermediate futures were down 9 cents, or 0.2%, to $40.11.

Published 14 Oct, 2020 10:06am

Markets

Oil rebounds as strong China trade data offsets supply concerns

Brent crude futures rose 60 cents, or 1.4pc, to $42.32 a barrel by 0916 GMT.

Published 13 Oct, 2020 05:50pm

Business & Finance

Oil prices steady amid return of supply, while COVID-19 lockdowns tighten

The return of supply comes as resurgent COVID-19 infections in the U.S. Midwest and Europe raise worries about fuel demand growth, posing a challenge for the Organization of Petroleum Exporting Countries and its allies, together called OPEC+.

Published 13 Oct, 2020 10:17am

Business & Finance

France to rein in export guarantees for oil and gas industry

The French state stopped giving export guarantees, which companies often need to get bank credit, to projects this year where fracking and flaring were involved.
We eventually don't want the government to support fossil fuels abroad with export financing.

Published 13 Oct, 2020 12:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Cotton US¢/pound / May 10	78.18
Petrol/Litre / May 11	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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