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Crude Oil

Japan ramps up aid to Mauritius after oil spill

The new team of seven experts is to leave Japan on Wednesday and will carry materials such as sorbent to help clean up the oil.

Published 18 Aug, 2020 01:42am

Markets

Trump administration finalizes oil drilling plan in Alaska wildlife refuge

The energy industry and Alaska Governor Michael Dunleavy said opening ANWR to drilling would create jobs and boost the state's economy.
A Republican-passed tax bill in 2017 opened the area to oil and gas leasing, a key pillar of US President Donald Trump's agenda to expand fossil fuel production.

Published 18 Aug, 2020 01:05am

Markets

OPEC+ compliance with oil output cuts in July around 97pc

OPEC+ technical JTC panel is meeting to review compliance.
No changes expected in OPEC+ supply cut deal.
OPEC+ ministerial panel meets on Wednesday.

Published 17 Aug, 2020 10:57pm

Markets

Oil rises on China plan to boost US imports, OPEC+ compliance

China plans to ship more US oil in Aug-Sept.
OPEC+ compliance with output cuts in July 97% -sources.
OPEC+ ministerial panel to meet on Aug. 19.

Published 17 Aug, 2020 10:45pm

Business & Finance

Iran says OPEC has raised and stabilised crude oil price

In 2018, US President Donald Trump pulled the United States out of Iran's 2015 nuclear deal with six powers and reimposed sanctions that have sharply cut Iran's oil exports.

Published 17 Aug, 2020 06:14pm

Markets

Oil steady as China's plans to boost US imports counters tensions

Brent crude was down 3 cents, or 0.1pc, to $44.77 a barrel by 0858 GMT, while US West Texas Intermediate crude was up 3 cents, or 0.1pc, to $42.04 a barrel.

Published 17 Aug, 2020 04:29pm

Markets

Oil prices advance as China ramps up U.S. crude imports

Brent crude added 30 cents, or 0.7%, to $45.10 a barrel by 0410 GMT, while U.S. West Texas Intermediate crude was up 34 cents, or 0.8%, to $42.35 a barrel.

Published 17 Aug, 2020 10:28am

Markets

Oil slips after IEA lowers 2020 demand forecast

The Organization of the Petroleum Exporting Countries (OPEC) also said that world oil demand will fall by 9.06 million bpd this year.
Wall Street has recovered most of the trillions in market capitalization lost in the early part of the pandemic.

Published 13 Aug, 2020 11:16pm

Markets

Oil steady after IEA lowers demand forecast, US stocks fall

Brent crude fell 12 cents, or 0.3%, to $45.31 a barrel by 1027 GMT, and West Texas Intermediate (WTI) was down 7 cents, or 0.2%, to $42.60 a barrel.

Published 13 Aug, 2020 05:08pm

Markets

Oil edges lower after jump on U.S. stocks draw

Brent crude was down 8 cents at $45.35 a barrel by 0150 GMT, after a gain of around 2% in the previous session. West Texas Intermediate oil was down by 6 cents at $42.61 a barrel after gaining 2.6% on Wednesday.

Published 13 Aug, 2020 10:30am

Markets

Crude rises 2pc after draw in US oil stocks spurs demand hope

NEW YORK: Crude prices rose more than 2% on Wednesday after government data showed US oil inventories fell across ...

Published 13 Aug, 2020 02:31am

Markets

Crude rises 2pc after draw in US oil stocks spurs demand hope

US fuel inventories fall as demand rebounds – EIA.
EIA now sees 2020 US production falling 1 mln bpd.
Oil demand this year to fall by 9.06 million bpd –OPEC.

Updated 13 Aug, 2020 01:19am

Business & Finance

Shell eyes stake in Nayara's $9bn Indian petchem project

Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical capacities.
The petrochemical joint venture between Nayara and Shell was discussed at board of directors meetings of Nayara in November and December last year.

Published 13 Aug, 2020 12:41am

Markets

US fuel inventories fall as demand rebounds

Refinery utilization rose 1.4 percentage points to 81% of total capacity nationally in the week to Aug. 7, the Energy Information Administration.
US fuel demand rose to 19.37 million barrels per day last week, the highest since March, reducing gasoline.

Published 13 Aug, 2020 12:36am

Pakistan's intelligence agencies identify major cyber attack by India: ISPR

ISPR states that an advisory is being sent to all government departments and institutions in order to trace lapses and enhance cyber-security measures in place

Updated 12 Aug, 2020 06:06pm

Business & Finance

Oil rises after bigger-than-expected drop in US inventories

Brent crude was up 67 cents, or 1.5pc, at $45.17 a barrel by 1012 GMT, after falling around 1pc on Tuesday.

Published 12 Aug, 2020 04:18pm

Markets

Oil prices bolstered by bigger-than-expected drop in U.S. crude stocks

Brent crude LCOc1 was up 15 cents, or 0.3%, at $44.65 a barrel by 0206 GMT, after falling around 1% on Tuesday.

Published 12 Aug, 2020 10:25am

Markets

US refiners' biofuel bills soar in oil market slump

The coronavirus crisis has led to less blending activity generally and as a result the issue of fewer compliance credits.
Another Texas-based refiner, CVR Energy Inc, also raised its full-year estimates for RIN costs by 43% to about $100 million. It had spent $43 million last year.

Published 12 Aug, 2020 01:21am

Markets

US crude output drop in 2020 to be steeper than last forecast: EIA

The agency also expects US petroleum and other liquid fuel consumption to drop 2 million bpd to 18.46 million bpd in 2020.
Oil prices collapsed this year as the coronavirus pandemic slammed global demand and restricted travel across the world.

Published 12 Aug, 2020 12:13am

Business & Finance

Nigeria opens pipeline, depot repair to private investors

Built in the 1970s, the pipeline network is crucial to getting crude oil to NNPC's three refinery complexes.
The refineries themselves have run only sporadically, and NNPC shut them down earlier this year while they await repairs and upgrades.

Published 11 Aug, 2020 11:26pm

Markets

Oil higher on hopes for US stimulus, demand recovery

Brent crude added 29 cents, or 0.6pc, to $45.28 a barrel, by 0819 GMT. West Texas Intermediate US crude rose 38 cents, or 0.9pc, to $42.32 a barrel.

Published 11 Aug, 2020 04:08pm

World

Mauritius braces to halt new oil spill as tanker breaks up

The spill is a double blow for tourist operators who had hoped foreign tourists could soon return.

Published 11 Aug, 2020 01:52am

Markets

Oil climbs on Chinese factory data, US stimulus hopes

China's factory deflation slows in July.
US economic stimulus talks turn positive.
Iraq to deepen supply cuts in Aug, Sept.

Published 10 Aug, 2020 11:56pm

Markets

Oil climbs on positive China data, rising demand

Brent crude rose 54 cents, or 1.2pc, to $44.94 a barrel by 0852 GMT, while US West Texas Intermediate (WTI) crude was up 69 cents, or 1.7pc, to $41.91 a barrel.

Published 10 Aug, 2020 04:36pm

Markets

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut

U.S. West Texas Intermediate (WTI) crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel.

Published 10 Aug, 2020 10:10am

Business & Finance

Deferred oil payment facility from Saudi Arabia expired last month: Ministry of Finance

The Ministry of Finance said that the deferred oil payment facility from Saudi Arabia expired on July 9 this year and a request to extend the agreement was being considered with Saudi Arabia.

Published 08 Aug, 2020 04:17pm

Markets

Oil slips below $45/bbl on demand concerns but posts weekly rise

Brent crude fell 69 cents, or 1.5%, to settle at $44.40 a barrel. U.S. West Texas Intermediate (WTI) crude fell 73 cents, or 1.7%, to end at $41.22 a barrel.

Published 08 Aug, 2020 10:37am

Markets

Oil slips below $45/bbl on demand concerns, set for weekly rise

Little progress seen in US coronavirus relief talks.
US job growth slows sharply in July.
Saudi Arabia, Iraq stress full commitment to OPEC+ deal.
US oil & gas rig count falls to record low for 14th week.

Published 07 Aug, 2020 11:33pm

Markets

Oil prices slip on uncertainty over U.S. recovery, stimulus

U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $41.93 a barrel at 0246 GMT, while Brent crude fell 6 cents, or 0.1%, to $45.03, after both contracts had earlier traded higher.

Published 07 Aug, 2020 10:16am

Windfall levy on crude oil, condensate, natural gas: 50 percent of collection to be shared with concerned province

ISLAMABAD: A meeting of the Council of Common Interests (CCI) Thursday unanimously approved Alternative and ...

Updated 07 Aug, 2020 03:17am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
Dow Jones / Apr 29	38386.09
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50
Hang Seng / Apr 30	17733.21
FTSE 100 / Apr 30	8175.09
Germany DAX 30 / Apr 30	18100.97

Item	Value
Crude Oil USD/Barrel / Apr 30	82.43
Karachi Cotton PKR/37.32 KG / Apr 30	20000
Gold 10 Grams PKR / Apr 30	207390
Gold Spot USD/Ounce / Apr 30	2326.07
Cotton US¢/pound / Apr 30	80.48
Petrol/Litre / May 1	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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