Trends - energy prices - Business Recorder

energy prices

Govt plans budget squeeze to win IMF funding approval

As well as withdrawing sales tax exemptions worth around 300 billion rupees a year, officials say a supplementary budget next week would also cut development spending

Updated 04 Dec, 2021 12:04pm

Markets

Cocoa dives to 4-month low on fresh COVID fears

NEW YORK/LONDON: Cocoa futures on ICE fell to the lowest levels in four months on Friday as concerns about a new...

Published 28 Nov, 2021 05:38am

Oil majors ‘pocketing the difference’: Biden

WASHINGTON: Oil majors have raised gasoline prices for the sake of their own profits, US President Joe Biden said...

Published 25 Nov, 2021 03:36am

Markets

Saudi bourse retreats on weak oil, registers weekly loss

DUBAI: Saudi Arabia’s stock market ended lower on Thursday and recorded its third weekly loss in four, tracking...

Published 19 Nov, 2021 04:35am

OPEC says high prices to dampen pace of oil demand recovery

LONDON: OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb...

Updated 12 Nov, 2021 09:50am

Business & Finance

BP underlying earnings up on surging energy prices

LONDON: British energy giant BP said Tuesday that its bottom line was hit by an accounting charge in the third...

Published 02 Nov, 2021 04:20pm

Opinion

Economic narrative: Acknowledge the suffering!

Tough economic measures are back. Ability and capacity of the public to withstand another crisis is diminishing....

Published 24 Oct, 2021 05:14am

High energy prices: World Bank sees ‘significant’ inflation risk

Multilateral development bank says energy prices should start to decline in the second half of 2022 as supply constraints ease

Updated 22 Oct, 2021 09:50am

BR Research

Talks with IMF: tick-tock?

No agreement has been reached with the IMF yet on resumption of the programme. The technical level discussions...

Published 18 Oct, 2021 07:25am

High energy prices: Subsidies not the right tool to deal: IMF

Says governments should avoid using general subsidies as a way to soften the blow from recent high energy prices

Updated 14 Oct, 2021 10:56am

Markets

Oil steady as surging power fuel prices offset worries about crude demand

NEW YORK: Oil prices were flat on Wednesday as surging fuel costs for power generation offset expectations for ...

Published 14 Oct, 2021 04:14am

Markets

Qatar powerless to ease global energy crisis

DOHA/LONDON: Qatar, the world's largest seller of liquefied natural gas (LNG), told consumers it was powerless to...

Published 12 Oct, 2021 04:44am

Markets

Raw sugar hits 4-1/2-year high

NEW YORK/LONDON: Raw sugar futures on ICE hit a 4-1/2-year high on Monday as energy prices continued to soar, with a...

Published 12 Oct, 2021 04:44am

Markets

Qatar powerless to ease global energy crisis

We are maxed out, as far as we have given all our customers their due quantities, I am unhappy about gas prices being high, says Qatar energy minister

Published 11 Oct, 2021 06:50pm

Markets

Dollar holds near 14-month high to euro with focus on inflation

LONDON: The dollar held close to a 14-month high against the euro on Thursday, as a surge in energy prices raised ...

Published 07 Oct, 2021 06:00pm

BR Research

Energy prices: Scary winters ahead

It may not be the horrors of 2008 yet, but it is the closest the world has seen since. Coal prices touched the...

Published 30 Sep, 2021 07:35am

Business & Finance

Eurozone exposure to Evergrande 'limited': Lagarde

FRANKFURT: European Central Bank chief Christine Lagarde said on Friday that the potential collapse of the troubled...

Published 25 Sep, 2021 04:59am

Markets

Germany braces for energy supplier casualties

FRANKFURT: Some German power suppliers could go insolvent due to soaring wholesale prices that are hitting consumers...

Published 22 Sep, 2021 03:48am

Volatile global energy prices: Tarin asks MoE to adopt 'forward planning'

Finance minister stresses upon exploring cost-effective options such as renewable sources of energy for a sustainable energy equation

Updated 08 Sep, 2021 11:01am

Business & Finance

PBIF for controlling energy prices to improve exports

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum...

Published 30 Aug, 2021 06:33am

Markets

Increase in energy rates rejected

KARACHI: It is so unfortunate that the average electricity uniform rate gradually go up per unit (excluding taxes,...

Published 12 Aug, 2021 04:34am

World

US consumer prices up 0.5% in July, up 5.4% past 12 months

Energy prices remained a key driver of inflation, jumping 1.6 percent, while food prices rose 0.7 percent

Published 11 Aug, 2021 07:04pm

Markets

Europe Gasoline margins drop on virus concerns

LONDON: Benchmark northwest European gasoline margins fell sharply on Monday amid a broad sell-off in energy prices...

Published 10 Aug, 2021 04:39am

Markets

Egypt raises domestic fuel prices in quarterly pricing review

The prices of 80-octane, 92-octane and 95-octane petrol were raised to 6.75 Egyptian pounds ($0.43) per litre

Published 23 Jul, 2021 12:05pm

Markets

Raw sugar, arabica coffee futures fall

LONDON Raw sugar and arabica coffee futures on ICE were lower on Monday, with some showers forecast in drought-hit...

Published 08 Jun, 2021 04:09am

Markets

Raw sugar futures fall, arabica coffee also weakens

Dealers said the weather in the Centre-South region of Brazil remained a focus with some showers forecast this week although overall conditions remain dry.

Published 08 Jun, 2021 12:48am

Business & Finance

Eurozone inflation hits near three-year high

BRUSSELS: Inflation in the eurozone jumped to its highest level since October 2018 as Covid restrictions across...

Published 02 Jun, 2021 04:29am

Business & Finance

Qatar Petroleum hires banks for June jumbo bond sale

The sale is expected to take place by the end of June, the sources told Reuters, as the Gulf's hydrocarbons giants seek to raise cash in the face of low energy prices and Qatar Petroleum plans to expand capacity.
Qatar Petroleum, one of the world's biggest suppliers of liquefied natural gas (LNG), has hired BofA Securities, Citi, Goldman Sachs, HSBC, JPMorgan and MUFG to lead the deal, the sources said.

Published 31 May, 2021 06:41pm

Opinion

RCET indispensable for export-led growth?

Textile exports reached $ 11.35 billion in the 9MFY21 from $ 10.41 billion over the corresponding months of last...

Published 23 May, 2021 03:06am

Business & Finance

Chevron profit drops on weaker refining margins, storm hit

Chevron, the second-largest US oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.
Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.

Published 30 Apr, 2021 06:48pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / May 30 Trust Modaraba(TRSM)	1.60 ▲ 0.25 (18.52%)
WorldCall Telecom / May 30 Worldcall Telecom Limited(WTL)	1.28 ▲ 0.18 (16.36%)
Asim Textile / May 30 Asim Textile Mills Limited(ASTM)	6.09 ▲ 0.84 (16.00%)
Pak Gulf Leasing / May 30 Pak-Gulf Leasing Company Limited(PGLC)	7.85 ▲ 0.87 (12.46%)
Saif Textile / May 30 Saif Textile Mills Limited(SAIF)	9.45 ▲ 1.00 (11.83%)
HBL Growth Fund / May 30 HBL Growth Fund(HGFA)	3.64 ▲ 0.34 (10.30%)
Reliance Ins. / May 30 Reliance Insurance Company Limited(RICL)	9 ▲ 0.81 (9.89%)
Punjab Mod / May 30 First Punjab Modaraba(FPJM)	1.35 ▲ 0.12 (9.76%)
Gammon Pak / May 30 Gammon Pakistan Limited(GAMON)	4.98 ▲ 0.42 (9.21%)
Imperial Limited / May 30 Imperial Limited(IML)	11.74 ▲ 0.99 (9.21%)

Stock	Price
Sindh Modaraba / May 30 Sindh Modaraba(SINDM)	7.30 ▼ -1.00 (-12.05%)
Samba Bank / May 30 Samba Bank Limited(SBL)	6.10 ▼ -0.83 (-11.98%)
Pak Agro Pack. (GEM) / May 30 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7 ▼ -0.95 (-11.95%)
Bilal Fibres / May 30 Bilal Fibres Limited(BILF)	2.13 ▼ -0.27 (-11.25%)
Ruby Textile / May 30 Ruby Textile Mills Limited(RUBY)	3.10 ▼ -0.30 (-8.82%)
Arctic Textile / May 30 Arctic Textile Mills Limited(ARCTM)	10.64 ▼ -1.00 (-8.59%)
Sitara Energy / May 30 Sitara Energy Limited(SEL)	6.07 ▼ -0.52 (-7.89%)
Askari Life Assur. / May 30 Askari Life Assurance Company Limited(ALAC)	4.96 ▼ -0.42 (-7.81%)
Prosperity Weav / May 30 Prosperity Weaving Mills Limited(PRWM)	34.68 ▼ -2.81 (-7.50%)
John&Philips / May 30 Johnson & Phillips (Pakistan) Limited(JOPP)	35.06 ▼ -2.84 (-7.49%)

Stock	Volume
WorldCall Telecom / May 30 Worldcall Telecom Limited(WTL)	193,869,332 ▲ 0.18
Maple Leaf Cement / May 30 Maple Leaf Cement Factory Limited(MLCF)	10,934,443 ▼ -0.33
K-Electric Ltd. / May 30 K-Electric Limited(KEL)	8,927,348 ▲ 0.04
National Bank / May 30 National Bank of Pakistan(NBP)	6,677,000 ▼ -0.51
D.G.K.Cement / May 30 D.G. Khan Cement Company Limited(DGKC)	6,416,911 ▲ 2.06
TPL Properties / May 30 TPL Properties Limited(TPLP)	6,146,502 ▼ -0.22
TRG Pak Ltd / May 30 TRG Pakistan Limited(TRG)	5,905,462 ▲ 4.41
Cnergyico PK / May 30 Cnergyico PK Limited(CNERGY)	5,687,015 ▲ 0.05
Unity Foods Ltd / May 30 Unity Foods Limited(UNITY)	5,667,051 ▼ -0.07
Globe Residency / May 30 Globe Residency REIT(GRR)	5,653,000 ▼ -0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 29	285.57
USD PKR Interbank Buying / May 29	285.17
USD to Japanese Yen / May 29	140.34
USD to Swiss Franc / May 29	0.90
Pound Sterling to USD / May 29	1.23
Euro to USD / May 29	1.07
UK LIBOR % / May 26	5.06

Stock	Volume
S&P 500 / May 26	4205.45
Nasdaq / May 26	12975.69
FTSE 100 / May 26	7627.20
Dow Jones / May 26	33093.34
India Sensex / May 29	62846.38
Tokyo Nikkei / May 29	31233.54
Hang Seng / May 29	18633.64
Germany DAX 30 / May 29	16022.66
France CAC40 / May 29	7328.69

Item	Value
Crude Oil USD/Barrel / May 26	72.67
Karachi Cotton PKR/37.32 KG / May 26	20235
Gold 10 Grams PKR / May 26	202118
Gold Spot USD/Ounce / May 26	1946.46
Cotton US¢/pound / May 26	80.54

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