Trends - Crude Oil - Business Recorder

Crude Oil

POL shortage persists across the country

Due to non-supply from within the country, most of the petrol pumps in Karachi, Lahore, Quetta, and other cities have been closed and those who have petrol available have jacked up their prices.

Published 04 Jun, 2020 11:53am

Business & Finance

Oil prices fall on concerns supply to rise as producers wrangle on cuts

Brent crude futures fell 1%, or 41 cents, to $39.38 a barrel as of 0157 GMT.
U.S. West Texas Intermediate (WTI) crude futures fell 1.6%, or 61 cents, to $36.68 a barrel.

Published 04 Jun, 2020 10:07am

Business & Finance

Oil tops $40 on OPEC cuts and demand recovery

Suggesting a supply glut is easing, the American Petroleum Institute on Tuesday said that U.S. crude inventories fell by 483,000 barrels.
Both benchmarks have surged in recent weeks, with Brent more than doubling after hitting a 21-year low below $

Published 03 Jun, 2020 03:16pm

Business & Finance

China drives global oil demand recovery out of coronavirus collapse

While China is the outlier for now, easing travel restrictions and stimulus packages aimed at resuscitating economies could accelerate global oil demand in the second half of 2020.

Published 03 Jun, 2020 01:47pm

Business & Finance

Brent oil rises to $40 amid hopes for output cuts, recovery

Brent crude futures for August rose 43 cents, or 1.1%, at $40 a barrel, by 0252 GMT. The contract climbed to as high as $40.42, the highest since March 6, after gaining 3.3% on Tuesday.

Published 03 Jun, 2020 11:06am

Business & Finance

Oil up more than 3pc ahead of OPEC+ meeting and on easing lockdowns

Brent crude settled at $39.57 a barrel, rising $1.25, or 3.3%. US WTI settled at $36.81 a barrel, jumping $1.37, or 3.9%.

Published 03 Jun, 2020 02:55am

Markets

Russian oil output falls to 9.39mn bpd in May, close to OPEC+ goal

The figure was in line with data from sources, reported by Reuters on Monday, and down from 11.35 million barrels per day (bpd) in April.
Interfax also said that Russian oil exports outside former Soviet Union in May reached 17.36 million tonnes, or

Published 02 Jun, 2020 06:20pm

Business & Finance

Oil prices rise before OPEC+ meeting about extending output cuts

Brent has doubled in the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries and its allies, including Russia, a grouping known as OPEC+.
Benchmark Brent crude rose 2.3pc, or 88 cents, to $39.20 a barrel a

Published 02 Jun, 2020 04:29pm

Business & Finance

Oil prices rise ahead of OPEC+ meeting on extended output cuts

Brent crude LCOc1 futures rose 0.94%, or 36 cents, to $38.68 a barrel as of 0630 GMT.

Published 02 Jun, 2020 12:55pm

Business & Finance

Oil steady; US-China tensions weigh, possible output cuts support

Brent futures rose 48 cents, or 1.3%, to settle at $38.32 a barrel.
U.S. crude fell 5 cents, or 0.1%, to settle at $35.44 a barrel.

Published 02 Jun, 2020 02:45am

Markets

Oil steady as OPEC+ considers extension to output curbs

Benchmark Brent crude was up 19 cents, or 0.5pc, at $38.03 a barrel at 1126 GMT. US crude had dipped 11 cents, or 0.3pc, at $35.38 a barrel.
Tension between China and the United States was also encouraging some caution after Beijing warned of retali

Published 01 Jun, 2020 06:54pm

Pakistan has cheapest fuel cost as compared to other states: PM

*Imran says India is almost exactly double while Bangladesh, Sri Lanka and Nepal are all 50 to 75 percent more expensive than us

Published 01 Jun, 2020 02:03pm

Business & Finance

Oil prices edge down as wary traders eye upcoming OPEC+ meeting

Brent crude fell 15 cents, or 0.4%, to $37.69 a barrel, on the first day of trading in the contract with August as the front month.

Published 01 Jun, 2020 10:49am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.60
USD PKR Interbank Buying / Apr 29	278.40
USD to Japanese Yen / Apr 29	156.26
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.26
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
India Sensex / Apr 29	74671.28
Tokyo Nikkei / Apr 29	37934.76
Nasdaq / Apr 29	15983.08
Hang Seng / Apr 29	17746.91
FTSE 100 / Apr 29	8147.03
Dow Jones / Apr 29	38386.09
Germany DAX 30 / Apr 29	18118.32

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Crude Oil USD/Barrel / Apr 29	82.60
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2334.17
Cotton US¢/pound / Apr 29	81.52
Petrol/Litre / Apr 30	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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