Trends - Crude Oil - Business Recorder

Crude Oil

Oil falls on worries about a new surge in coronavirus infections

Brent rose on Tuesday to highest since March plunge.
US inventories hit record level last week - API.
ECB's Lane says euro zone has a long road to recovery.

Published 24 Jun, 2020 05:49pm

Markets

Norway proposes large expansion of Arctic oil exploration

A steady supply of new acreage is crucial in order to maintain activity on Norway's continental shelf.
"We need new discoveries to uphold employment and value creation," she said.

Published 24 Jun, 2020 05:47pm

Markets

Oil prices slides as U.S. crude stockpile growth heightens oversupply fears

Brent crude was down 29 cents, or 0.7%, at $42.34 a barrel by 0335 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 35 cents, or 0.9%, to $40.02 a barrel.

Published 24 Jun, 2020 11:32am

Business & Finance

With contracts canceled and debts mounting, offshore oil drillers face another shakeout

A collapse of the offshore industry will have broad impact. Drillers and their suppliers have driven innovation that has helped shale and offshore wind companies by pioneering remote monitoring and control, and last year directly generated about 25% of

Published 24 Jun, 2020 11:22am

Markets

Oil up after Trump assurance on China trade deal

Trade deal with China fully intact -Trump.
PMI data boosts prices.
US and Canadian drillers cut rig numbers to record low.

Published 23 Jun, 2020 07:49pm

Markets

Palm oil bounces back on stronger crude

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange settled up 21 ringgit.
Crude oil prices rose after a volatile session sparked by confusion over the status of the US-China trade deal.

Published 23 Jun, 2020 06:06pm

Markets

Oil prices steady amid signs of demand coming back after coronavirus

Brent crude was up 6 cents at $43.14 a barrel at 0046 GMT, after gaining 2.1% on Monday. U.S. oil was up 8 cents at $40.81 a barrel, having risen 1.8% in the previous session.

Published 23 Jun, 2020 11:34am

Markets

Oil falls on fears over rising virus cases worldwide

WHO reports record jump in coronavirus infections.
BofA sees oil demand recovering, hikes crude forecasts.
Russia sees $40-$50 a barrel as fair.

Published 22 Jun, 2020 05:41pm

Markets

China targets rise in oil, natural gas output this year

The world's biggest energy consumer has set a goal of producing 193 million tonnes of crude, or 3.85 million barrels per day.
Those numbers compare to actual output of around 191 million tonnes of crude and 173.62 bcm of gas last year.

Published 22 Jun, 2020 05:39pm

Markets

Oil steadies amid increase in coronavirus cases

WHO reports record jump in coronavirus infections on Sunday.
US and Canada rig count drops to record low -Baker Hughes.
Russia sees $40-$50 a barrel as fair.

Published 22 Jun, 2020 05:20pm

Markets

Oil dips as demand worries outweigh tighter supply

Brent crude fell 11 cents, or 0.3%, to $42.03 a barrel by 0505 GMT, while U.S. crude was at $39.69 a barrel, down 14 cents, or 0.4%.

Published 22 Jun, 2020 10:39am

Business & Finance

US and Canadian oil & gas rig count falls to record lows: Baker Hughes

The US oil and gas rig count, an early indicator of future output, fell to a record low for a seventh week in a row, dropping by 13 to 266 in the week to June 19.
US oil rigs fell 10 to 189 this week, their lowest since June 2009, while gas rigs dropp

Published 19 Jun, 2020 11:51pm

Markets

Oil boosted by OPEC+ cuts even as virus weighs on market

Market pulls lower after Boston Fed Chair comments.
Brent earlier touched $42.92, highest since June 8.
Brent backwardation suggests tightening prompt supply.
US oil and gas rigs hit record low for 7th week -Baker Hughes.

Published 19 Jun, 2020 11:38pm

Markets

Oil prices rise as OPEC+ holds firm on supply cuts

Brent crude futures rose 35 cents, or 0.8%, to $41.86 a barrel by 0446 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed 38 cents, or 1%, to $39.22 a barrel.

Published 19 Jun, 2020 11:32am

Markets

Russia's Novak says oil market may reach balance in late 2020-early 2021

Novak, however, said he does not rule out that the supply and demand balance could be reached quicker, in a month or two.
Novak said the OPEC+ group may hold an extraordinary meeting.

Published 18 Jun, 2020 10:49pm

Business & Finance

Petrol Shortage: Report finds nine OMCs involved in crisis

The report also stated that these nine OMCs had formed a nexus to create a petrol crisis.

Published 18 Jun, 2020 02:50pm

Markets

Oil prices fall as surge in coronavirus cases raises demand concerns

Brent crude futures fell 0.9%, or 37 cents, to $40.34 a barrel at 0423 GMT, having fallen 25 cents in the previous session.
U.S. West Texas Intermediate (WTI) crude futures dropped 1.4%, or 52 cents, to $37.44 a barrel, adding to a loss of 42 cents o

Published 18 Jun, 2020 10:59am

Markets

Oil slips as fresh COVID-19 outbreaks face draw in US fuel stocks

US crude stockpiles hit record high, fuel draws down.
US shale companies to boost oil output by 500,000 bpd by month-end.
Beijing extends movement curbs over new virus outbreak.
WHO hails 'great news' from COVID-19 drug study.

Published 18 Jun, 2020 12:43am

Markets

Oil slumps as U.S. crude stocks build amid virus resurgence fears

Brent crude futures were down 89 cents, or 2.2%, at $40.07 a barrel as of 0348 GMT, and U.S. West Texas Intermediate (WTI) futures fell $1.13, or 2.9%, to $37.25 a barrel.

Published 17 Jun, 2020 10:37am

Business & Finance

Oil prices rise on supply cuts, improving demand

Brent crude rose 77 cents, or 1.94pc, at $40.49 a barrel by 0918 GMT. US oil gained 61 cents, or 1.64pc, to $37.73 a barrel.

Published 16 Jun, 2020 04:07pm

Business & Finance

Oil prices drop as rise in coronavirus cases stokes fuel demand fears

Brent crude fell 20 cents, or 0.5%, at $39.52 a barrel by 0424 GMT, having gained 2.6% on Monday. U.S. oil dropped 21 cents, or nearly 0.6%, to $36.91 a barrel, after closing 2.4% higher in the previous session.

Published 16 Jun, 2020 10:07am

Markets

Oil prices rise on optimism around OPEC+ output pact

Brent crude rose 67 cents, or 1.7%, to $39.40 a barrel.

Published 15 Jun, 2020 11:45pm

Markets

Drop in oil prices stings US’s Cowboy State

The rig count in Wyoming has dropped from 30 rigs in March to just two rigs in early June

Published 15 Jun, 2020 11:55am

Business & Finance

Saudi Aramco cuts July crude supplies to at least five buyers in Asia

The cuts were mainly for medium and heavy grades and were seen at refineries in countries such as China, the sources with knowledge of the matter said.

Published 15 Jun, 2020 11:19am

Business & Finance

Oil drops as new coronavirus outbreaks raise fuel demand concerns

Brent crude futures fell 89 cents, or 2.3%, to $37.84 a barrel by 0302 GMT, while U.S. West Texas Intermediate crude futures were down $1.18, or 3.3%, to $35.08 a barrel.

Published 15 Jun, 2020 10:48am

World

Oil tank truck blast in east China kills 19, injures 172: official

The accident occurred when a tank truck loaded with liquified gas exploded near the village of Liangshan

Published 14 Jun, 2020 12:11pm

World

10 dead, 117 injured in China oil truck blast

The force of the blast caused nearby homes and factories to collapse, the government said on social media.
In one clip, a large piece of debris is seen flying into the air before crashing onto some nearby buildings.
The death toll had reached 10 by

Published 14 Jun, 2020 01:56am

Markets

Oil on track for weekly loss on virus resurgence fears

Brent, WTI heading for first weekly losses since April.
US states record spike in new coronavirus infections.
Rising US inventories, coronavirus cases weigh on prices.
US oil rig count falls seven to 199 - Baker Hughes.

Published 13 Jun, 2020 12:50am

Markets

United States Oil Fund receives green light to issue new shares

USO's registration of 1 billion new shares has been declared effective by the Securities and Exchange Commission.
USO shares were little changed on Friday at $26.35.
The fund stated that it had issued all of its registered shares and was thus suspen

Published 13 Jun, 2020 12:47am

Business & Finance

Offshore producer Fieldwood Energy sued over $19.2mn bond collateral

The last 60 days requested that Fieldwood post $19.2 million in collateral, said Richard Fulton.
Debt ratings agency Fitch Inc in May downgraded Fieldwood's long-term issuer default rating two notches to C from CCC,

Published 13 Jun, 2020 12:15am

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Crude Oil

Most Popular