Trends - Fuel Oil - Business Recorder

Fuel Oil

VLSFO cash premium posts weekly gain

NEW DELHI: Spot premiums for Asia’s very low sulphur fuel oil (VLSFO) rose by about 16% this week, as inventories...

Published 19 Mar, 2023 03:33am

Business & Finance

PNSC, ENAR Petroleum Refining Facility sign MoU

KARACHI: In pursuance to explore avenues for reduction in operational costs of the corporation, a Memorandum of...

Published 17 Mar, 2023 06:15am

Markets

Cash premiums for 180-cst HSFO rise

NEW DELHI: Cash premiums for 180-cst high sulphur fuel oil (HSFO) rose on Tuesday amid weakness in crude oil prices...

Published 15 Mar, 2023 06:01am

Markets

SCO members to consider jointly developing emerging fuel projects

NEW DELHI: The Shanghai Cooperation Organisation (SCO) said on Tuesday that its members, including Russia, China and...

Published 14 Mar, 2023 02:58pm

Markets

Spot fuel oil premiums for HSFO drift lower

NEW DELHI: Spot fuel oil premiums for high sulphur fuel oil (HSFO) declined on Monday, although a flurry of trades ...

Published 14 Mar, 2023 03:18am

Markets

VLSFO rebounds after one-month downtrend

SINGAPORE: The spot 0.5% very low sulphur fuel oil (VLSFO) market in Asia rebounded on Tuesday after trending lower...

Published 08 Mar, 2023 06:20am

Markets

Spot fuel oil cash differentials steady

SINGAPORE: Spot fuel oil cash differentials in Asia steadied on Monday, following a volatile week that saw high...

Published 07 Mar, 2023 03:16am

Markets

Asia’s Hi-5 fuel oil

SINGAPORE: Asia’s hi-5 fuel oil spread narrowed to nearly 11-month lows on Friday, as market trends continued to...

Published 05 Mar, 2023 03:36am

Markets

HSFO firms on strong bids, while VLSFO extends dip

SINGAPORE: Asia’s high sulphur fuel oil (HSFO) market firmed on Wednesday as strong bids emerged on the first day...

Published 02 Mar, 2023 06:23am

Markets

VLSFO margin declines

SINGAPORE: Asia’s refining margin for 0.5% very low sulphur fuel oil dropped over 30% in February compared to the...

Published 01 Mar, 2023 06:21am

Business & Finance

Asia’s spot oil premiums steady on thin trade

SINGAPORE: Asia’s spot fuel oil premiums were little changed in thin activity on Monday, while downstream ...

Published 28 Feb, 2023 06:15am

Markets

VLSFO premium at three month-low

SINGAPORE: Asia’s spot premium for 0.5% very low sulphur fuel oil eased for a seventh consecutive session to a...

Published 26 Feb, 2023 03:27am

Markets

Asia’s VLSFO extends slide

SINGAPORE: Asia’s very low sulphur fuel oil premium fell for a third straight day, while fuel oil inventories at...

Published 23 Feb, 2023 05:52am

Markets

Spot 180-cst HSFO flips into premium

SINGAPORE: The spot cash differential for 180-cst high sulphur fuel oil (HSFO) flipped into a premium on Monday as...

Published 21 Feb, 2023 05:57am

Markets

VLSFO reverts to downtrend after short-lived strength

SINGAPORE: Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) reverted to a softer trend on Thursday,...

Published 17 Feb, 2023 06:00am

Markets

VLSFO market steadies; regional supplies ease

SINGAPORE: The 0.5% very low sulphur fuel oil market in Asia held steady on Tuesday as expectations of lower ...

Published 08 Feb, 2023 06:10am

Markets

Asia’s spot fuel oil market softens

SINGAPORE: Asia’s spot fuel oil market softened further on Monday, while a price cap on Russian refined oil...

Published 07 Feb, 2023 06:07am

Markets

HSFO spot market extends slide as supplies weigh

SINGAPORE: The spot market for high sulphur fuel oil (HSFO) remained under pressure on Thursday as Russian supplies...

Published 03 Feb, 2023 06:17am

Markets

Asia’s fuel oil margins post monthly losses

SINGAPORE: Asia’s fuel oil margins fell on Tuesday, posting monthly losses on the last trading day of the month as...

Published 01 Feb, 2023 05:58am

Markets

Asia’s spot fuel oil market eases as fresh tender emerges

SINGAPORE: Asia’s spot fuel oil market eased on Monday after a fresh tender from Kuwait’s Al Zour emerged, trade...

Published 31 Jan, 2023 06:01am

Markets

Asia’s refining cracks for VLSFO up

SINGAPORE: Asia’s refining cracks for very low sulphur fuel oil (VLSFO) posted weekly gains of more than 25% on...

Published 29 Jan, 2023 03:15am

Markets

Asia’s spot fuel oil premiums little changed

SINGAPORE: Asia’s spot fuel oil premiums were little changed in thin trade on Thursday while landed fuel oil ...

Published 27 Jan, 2023 06:15am

Markets

VLSFO premium rises for fifth straight session

SINGAPORE: The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) rose for a fifth consecutive day on...

Published 17 Jan, 2023 06:02am

Markets

VLSFO premium rises as inventories decline

NEW DELHI: Asia’s very low sulphur fuel oil (VLSFO) market gained on Thursday after stocks at Singapore trading ...

Published 13 Jan, 2023 06:05am

Markets

Brent oil price broadly steady at $80/bbl amid rising US stockpiles

LONDON: Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an...

Updated 11 Jan, 2023 05:57pm

Markets

VLSFO premium dips further, HSFO holds steady

SINGAPORE: Asia’s spot premium for very low sulphur fuel oil (VLSFO) dipped for a third straight session on Monday...

Published 10 Jan, 2023 06:00am

World

India’s fuel demand hits nine-month high in December

India’s fuel demand reached a nine-month high in December, helped by strong industrial activity and a rise in...

Published 09 Jan, 2023 08:59pm

Markets

Asia fuel oil: cash differentials dip, Singapore inventories rise

SINGAPORE: Spot cash differentials in Asia’s fuel oil market dipped on Thursday amid competitive offers, while...

Published 06 Jan, 2023 05:58am

Markets

Asia fuel oil: market kicks off 2023 on stable note

SINGAPORE: Asia’s fuel oil market held steady on the first trading day of 2023, while China issued its first batch...

Published 04 Jan, 2023 06:02am

Markets

Asia fuel oil refining margins fall

SINGAPORE: Asia’s fuel oil refining margins were set for annual declines, data showed on Friday, amid higher...

Published 03 Jan, 2023 03:25am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First IBL Mod. / Mar 30 First IBL Modaraba(FIBLM)	5.90 ▲ 0.60 (11.32%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
Premier Insurance / Mar 30 Premier Insurance Limited(PINL)	7.50 ▲ 0.63 (9.17%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
Khyber Tex. / Mar 30 Khyber Textile Mills Limited(KHYT)	397.42 ▲ 27.72 (7.50%)
Suraj Cotton / Mar 30 Suraj Cotton Mills Limited(SURC)	102.53 ▲ 7.15 (7.50%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Gadoon Textile / Mar 30 Gadoon Textile Mills Limited(GADT)	192.50 ▼ -15.30 (-7.36%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Pakistan Services / Mar 30 Pakistan Services Limited(PSEL)	876 ▼ -69.10 (-7.31%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
Bal. Wheel / Mar 30 Baluchistan Wheels Limited(BWHL)	68.42 ▼ -5.18 (-7.04%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.21
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.23
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	6,136,500 ▼ -0.05
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.08
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.46
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.99
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,645,000 ▲ 0.36
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	3,416,092 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	285.65
USD PKR Interbank Buying / Mar 30	283.65
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20309.13
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

Fuel Oil

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