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Crude Oil

US oil rig count rises for first week since March: Baker Hughes

That was 695 rigs, or 73%, below this time last year.
US oil rigs rose to 181, while gas rigs fell three to 68, their lowest on record according to Baker Hughes data going back to 1987.

Published 24 Jul, 2020 10:40pm

Business & Finance

Oil prices edge lower on US-China tensions

China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a US demand this week that China close its Houston consulate.

Published 24 Jul, 2020 08:56pm

Markets

Oil prices stable as US-China tensions offset weak dollar

Brent crude was down 1 cent at $43.30 a barrel by 0807 GMT, while US West Texas Intermediate (WTI) crude up 1 cent at $41.08.

Published 24 Jul, 2020 06:16pm

Markets

Oil edges higher on weaker dollar, but demand threats cap gains

Brent crude rose by 6 cents, or 0.1%, to $43.37 a barrel by 0634 GMT, and U.S. West Texas Intermediate (WTI) crude rose by 1 cent to $41.08.

Published 24 Jul, 2020 11:59am

Markets

Oil falls as coronavirus demand concerns outweigh weak dollar

US dollar trades at lowest since September 2018.
Rising coronavirus cases hit US summer fuel consumption.
US-Chinese dispute a drag on prices.
US Senate, White House haggle over coronavirus aid.

Published 24 Jul, 2020 12:44am

Markets

Oil rises on weaker dollar, high US stocks weigh

The US dollar index against a basket of currencies was trading on Thursday near its lowest since early March.

Published 23 Jul, 2020 04:21pm

Business & Finance

OGRA grabs Rs4.5bn investment in oil infrastructure

OGRA granted a licence for the construction of a new Oil Refinery (Khyber Oil Refinery) with a capacity of 20,000 barrel per day designed on local crude during FY 2018-19.

Published 23 Jul, 2020 12:49pm

Markets

Oil ticks up, but gains capped by demand destruction

Brent crude added 2 cents, or 0.1%, to $44.31 a barrel by 0207 GMT while U.S. West Texas Intermediate (WTI) crude gained 6 cents, or 0.1%, to $41.96 a barrel.

Published 23 Jul, 2020 10:40am

Markets

Oil falls as US posts surprise rise in crude inventories

NEW YORK: Oil prices fell on Wednesday as US government data showed a surprise rise in US crude inventories, and as...

Published 23 Jul, 2020 02:47am

Markets

Oil falls as US posts surprise rise in crude inventories

Brent crude fell 55 cents, or 1.2%, to $43.77 a barrel by 10:56 EST (1456 GMT). US West Texas Intermediate (WTI) crude dropped 56 cents, or 1.3%, to $41.36.

Published 22 Jul, 2020 09:20pm

Markets

Oil prices slip as US inventories and virus fears grow

Brent crude fell 60 cents, or 1.4pc, to $43.72 a barrel by 0912 GMT. US West Texas Intermediate (WTI) crude dropped 70 cents, or 1.7pc, to $41.22.

Published 22 Jul, 2020 04:20pm

Markets

Oil prices slip as U.S. inventories, virus fears grow

Brent crude fell 35 cents, or 0.8%, to $43.97 a barrel by 0541 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 39 cents, or 0.9%, to $41.53.

Published 22 Jul, 2020 11:05am

Markets

Oil prices up $1/bbl on virus vaccine hopes, EU stimulus deal

EU summit results in 750 bln euro stimulus deal.
Early vaccine data raises hope of economic boost.
US crude, products inventories seen down last week –poll.

Published 22 Jul, 2020 12:52am

World

Iraq PM says won't allow threats to Iran from Iraqi soil

The people of Iraq want good relations with the Islamic Republic of Iran based on the principle of non-interference in the internal affairs of both countries.
Khamenei also said Iran would not interfere in relations between Iraq and the United States, according to his official website.

Published 22 Jul, 2020 12:24am

Markets

Oil prices up at levels last seen in March on vaccine hopes, EU deal

Benchmark Brent crude was up $1.17 cents at $44.45 by 0904 GMT, on track for its biggest daily rise since mid-June at around 2.7pc.

Published 21 Jul, 2020 03:12pm

Markets

Oil steady as vaccine news counters rise in virus cases

Brent futures were up 15 cents, or 0.4%, at $43.43 by 0117 GMT, while West Texas Intermediate (WTI) edged up 2 cents to $40.83.
The closing prices of both Brent and WTI have traded within a $2 channel so far this month.

Published 21 Jul, 2020 10:16am

Markets

Oil steady as virus infections rise but hopes for vaccine lends support

More than 14 million people infected by coronavirus
First human trial of Oxford COVID-19 vaccine shows promise
EU leaders to decide on stimulus plan
Saudi King Salman admitted to hospital

Published 21 Jul, 2020 01:08am

Business & Finance

Chevron to buy Noble for $5bn in stock, biggest oil deal since price crash

The deal diversifies Chevron's energy assets and makes it the first oil major to enter Israel. It "is a tremendous expression of confidence in the Israeli energy market."
the company was "mindful" of tensions between Israel and nearby countries where the company has business including Saudi Arabia, Kuwait, Qatar and the Kurdish region of Iraq.

Published 21 Jul, 2020 12:58am

Markets

BP puts crude oil traders on leave pending investigations into China dealings

BP traders were named in a court document filed by Malaysian lender CIMB where the bank applied to place Hontop Energy under judicial management.

Published 20 Jul, 2020 03:42pm

Markets

Oil falls on worries over fuel demand setback as infections rise

Brent crude was down 36 cents, or 0.8%, at $42.78 a barrel by 0653 GMT, after dropping slightly last week. U.S. oil was off by 34 cents, or 0.8%, at $40.25 a barrel, after gaining 4 cents last week.

Published 20 Jul, 2020 12:30pm

Business & Finance

MPCL discovers gas reserves in Sindh

The company said that the Drill Stem Tests (DSTs) carried out in SUL Formation flowed gas at a rate of 11 MMSCFD at wellhead flow pressure (WHFP) of 887 Psi at 48/64 inch choke size after acid job.

Published 20 Jul, 2020 12:00pm

Business & Finance

Crude shipments resume from Pemex floating oil storage unit after collision

The FPSO facility (floating production, storage and offloading), which has the capacity to store up to 2.2 million barrels of crude, halted loading of vessels for exports after making “contact” with the Olympic Future tanker on July 1 due to bad weather conditions.

Published 18 Jul, 2020 10:03am

Markets

Oil prices broadly stable as stimulus hopes balance virus fears

Surging infection rates stoke demand concerns.
US reports daily record in new coronavirus cases.
OPEC+ to add supplies by easing output curbs.

Published 17 Jul, 2020 09:53pm

Markets

Colombia's Ecopetrol increases 2020 investment despite low prices

Based on a detailed review of the company's portfolio, the progress of interventions and the gradual recovery of economic activity.
The new plan assures the sustainability of the business in an environment of low prices.

Published 17 Jul, 2020 07:13pm

Business & Finance

India's Reliance to shut crude unit for maintenance

Other Refinery units are expected to operate normally during this period, the company.
Reliance has two equal-size crude distillation units at the 704,000 barrel per day (bpd) export-focused refinery.

Published 17 Jul, 2020 07:06pm

Markets

Norway's June crude oil output falls more than expected

Crude oil output fell 12% to 1.54 million barrels per day (bpd) which was 4.1% below the official forecast which corresponded to a production cap of 1.61 million bpd set by the government.
The fields that produced less than the quota set for June can add these volumes to their production quota in the second half of the year.

Published 17 Jul, 2020 06:12pm

Markets

Oil prices slip amid uncertainty about fuel demand, rising output

Surging infection rates stoke demand concerns.
US reports daily record in new coronavirus cases.
OPEC+ to add supplies by easing output curbs.

Published 17 Jul, 2020 06:00pm

Markets

China's Sinopec to invest 5.4bn yuan in gas wells in northwest,

The wells, to be located on the Dingbei gas field near Wuzhong city, will have a combined gas production capacity of 1.8 billion cubic metres (bcm) per year.
Development at Dingbei will turn the poor, landlocked Ningxia region from gas importer to producer.

Published 17 Jul, 2020 05:23pm

Markets

Oil prices slip amid uncertainty over fuel demand, easing supply curbs

Brent crude futures fell 26 cents to $43.11 a barrel by 0822 GMT. U.S. West Texas Intermediate (WTI) crude dropped 23 cents to $40.52.

Published 17 Jul, 2020 02:56pm

Markets

Oil prices steady as clouds gather over fuel demand, looser supply curbs

U.S. West Texas Intermediate (WTI) crude futures rose 1 cent to $40.76 a barrel at 0204 GMT, while Brent crude futures were steady at $43.37 a barrel.

Published 17 Jul, 2020 10:16am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Petrol/Litre / May 2	288.49
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Diesel/Litre / May 2	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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