Trends - Global oil demand - Business Recorder

Global oil demand

OPEC sticks to 2022, 2023 oil demand growth forecasts, after downgrades

LONDON: OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several...

Published 13 Dec, 2022 07:18pm

Markets

OPEC cuts oil demand growth forecast again as economic challenges mount

LONDON: OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further...

Published 14 Nov, 2022 06:46pm

Markets

Most Gulf markets bounce on oil demand growth outlook

DUBAI: Most major Gulf markets rebounded on Thursday as investors appeared to look beyond the inflation-fuelled...

Published 16 Sep, 2022 06:04am

Markets

Oil rises 1pc on supply concerns, expectations for fuel switching

NEW YORK: Oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil...

Published 15 Sep, 2022 07:16am

China lockdowns weigh on global oil demand: IEA

PARIS: China’s repeated Covid lockdowns and a slowdown in developed economies are weighing on the growth of global...

Published 15 Sep, 2022 05:57am

Markets

China lockdowns weigh on global oil demand: IEA

PARIS: China’s repeated Covid lockdowns and a slowdown in developed economies are weighing on the growth of global...

Published 14 Sep, 2022 05:37pm

Oil demand rises as gas prices surge: IEA

Prices of natural gas and electricity have jumped to new records

Updated 12 Aug, 2022 10:18am

Markets

Asia fuel oil: 380-cst HSFO cash premiums dip

SINGAPORE: Asia’s cash premiums for 380-cst high-sulphur fuel oil (HSFO) slipped for a fourth consecutive session...

Published 24 Dec, 2021 05:43am

Markets

Global oil's comeback year presages more strength in 2022

NEW YORK: Global oil demand roared back in 2021 as the world began to recover from the coronavirus pandemic, and...

Published 23 Dec, 2021 11:01am

Markets

World to reach peak oil demand before 2030: TotalEnergies

Oil demand would drop to 40 or 64 million barrels per day by 2050

Published 27 Sep, 2021 06:33pm

Markets

Global oil demand to rebound next month: IEA

Demand fell by 310,000 barrels per day on average over the three months to September

Updated 14 Sep, 2021 01:39pm

Delta variant crimps oil demand outlook: IEA

PARIS: Global oil demand is expected to grow slower than previously forecast this year as the spread of Covid’s...

Published 13 Aug, 2021 02:04am

Markets

OPEC+ JTC keeps 2021 oil demand growth forecast unchanged

The JTC was meeting on Monday to assess market fundamentals ahead of a ministerial gathering on Tuesday of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group know as OPEC+.

Published 31 May, 2021 06:27pm

Business & Finance

OPEC+ keeps oil demand forecast, but worried by COVID surge

In its most recent monthly oil market report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth by 70,000 barrels per day (bpd) to 5.95 million bpd.
The JTC meeting also expressed concern about rising COVID-19 cases in India, Japan and Brazil, the sources added.

Published 26 Apr, 2021 08:38pm

Markets

OPEC sees rising oil demand as it plans to open taps

Such an increase would push global demand to 96.5 million bpd in 2021 after last year's tumble due to coronavirus restrictions.

Published 13 Apr, 2021 06:54pm

Markets

OPEC+ experts see oil market deficit in 2021 despite demand cut: document

OPEC sees global oil demand at 97.9 million barrels per day in December 2021 under a base scenario, according to the internal document seen by Reuters.

Published 02 Feb, 2021 06:37pm

Markets

Global oil demand to rise, boosted by vaccine distribution and economy

2021 total oil demand to average 96.7 mln bpd, up 6.3 mln bpd.
US output to fall at more moderate pace, OPEC+ doubt weighs.
Refinery utilisation to remain low this year.

Published 28 Jan, 2021 07:45pm

Markets

IEA trims 2021 oil demand forecast

Oil prices have risen in recent weeks on hopes the global economy will get back on track later this year.

Published 19 Jan, 2021 03:03pm

Gainers
Losers
Leaders

Stock	Price
Data Textile / Feb 1 Data Textiles Limited(DATM)	7.08 ▲ 1.00 (16.45%)
Sec. Inv. Bank / Feb 1 Security Investment Bank Limited(SIBL)	4.85 ▲ 0.55 (12.79%)
Shaheen Ins. / Feb 1 Shaheen Insurance Company Limited(SHNI)	3.30 ▲ 0.30 (10.00%)
Gammon Pak / Feb 1 Gammon Pakistan Limited(GAMON)	6 ▲ 0.54 (9.89%)
Ashfaq Textile / Feb 1 Ashfaq Textile Mills Limited(ASHT)	10.39 ▲ 0.89 (9.37%)
Leather Up Ltd. / Feb 1 Leather Up Limited(LEUL)	11.72 ▲ 1.00 (9.33%)
Saif Textile / Feb 1 Saif Textile Mills Limited(SAIF)	11.99 ▲ 0.98 (8.90%)
Sindh Modaraba / Feb 1 Sindh Modaraba(SINDM)	7.60 ▲ 0.60 (8.57%)
Next Capital / Feb 1 Next Capital Limited(NEXT)	5.15 ▲ 0.39 (8.19%)
OLP Modaraba / Feb 1 OLP Modaraba Limited(OLPM)	13.50 ▲ 0.98 (7.83%)

Stock	Price
Pak Gulf Leasing / Feb 1 Pak-Gulf Leasing Company Limited(PGLC)	5.55 ▲ -0.90 (-13.95%)
First Pak Mod. / Feb 1 First Pak Modaraba(PAKMI)	1.33 ▲ -0.17 (-11.33%)
Jubilee Spinning / Feb 1 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.60 ▲ -0.30 (-10.34%)
Sakrand Sugar / Feb 1 Sakrand Sugar Mills Limited(SKRS)	9.74 ▲ -0.84 (-7.94%)
Ist.Capital Sec / Feb 1 First Capital Securities Corporation(FCSC)	1.20 ▲ -0.10 (-7.69%)
Dawood Lawrencepur / Feb 1 Dawood Lawrencepur Limited(DLL)	207.76 ▲ -16.84 (-7.50%)
JDW Sugar / Feb 1 JDW Sugar Mills Limited(JDWS)	350.59 ▲ -28.41 (-7.50%)
Pakistan Services / Feb 1 Pakistan Services Limited(PSEL)	2095.13 ▲ -169.87 (-7.50%)
Shahtaj Sugar / Feb 1 Shahtaj Sugar Mills Limited(SHJS)	45.79 ▲ -3.71 (-7.49%)
EFG Hermes Pak / Feb 1 EFG Hermes Pakistan Limited(EFGH)	12.49 ▲ -1.01 (-7.48%)

Stock	Volume
WorldCall Telecom / Feb 1 Worldcall Telecom Limited(WTL)	13,426,966 ▼ 0.00
Pak Petroleum / Feb 1 Pakistan Petroleum Limited(PPL)	10,194,870 ▲ -0.75
Gul Ahmed / Feb 1 Gul Ahmed Textile Mills Limited(GATM)	8,350,767 ▼ 0.57
P.I.A.C.(A) / Feb 1 Pakistan International Airlines Corp(PIAA)	8,280,000 ▼ 0.28
Pak Refinery / Feb 1 Pakistan Refinery Limited(PRL)	7,748,506 ▼ 0.08
Maple Leaf Cement / Feb 1 Maple Leaf Cement Factory Limited(MLCF)	6,561,607 ▼ 0.49
Habib Bank / Feb 1 Habib Bank Limited(HBL)	6,169,723 ▼ 0.57
Oil & Gas Dev. / Feb 1 Oil & Gas Development Company Limited(OGDC)	5,214,064 ▲ -0.69
K-Electric Ltd. / Feb 1 K-Electric Limited(KEL)	4,941,333 ▼ 0.02
Fauji Cement / Feb 1 Fauji Cement Company Limited(FCCL)	4,779,500 ▼ 0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 1	270.85
USD PKR Interbank Buying / Feb 1	268.85
USD to Japanese Yen / Feb 1	130.23
USD to Swiss Franc / Feb 1	0.92
Pound Sterling to USD / Feb 1	1.23
Euro to USD / Feb 1	1.09
UK LIBOR % / Jan 31	4.31

Stock	Volume
S&P 500 / Jan 31	4076.60
Nasdaq / Jan 31	11584.55
Dow Jones / Jan 31	34086.04
India Sensex / Feb 1	59708.08
Tokyo Nikkei / Feb 1	27345.74
Hang Seng / Feb 1	22072.18
FTSE 100 / Feb 1	7780.98
Germany DAX 30 / Feb 1	15120.54
France CAC40 / Feb 1	7085.19

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 31	20735
Gold 10 Grams PKR / Jan 31	172754
Crude Oil USD/Barrel / Feb 1	79.25
Gold Spot USD/Ounce / Feb 1	1925.87
Cotton US¢/pound / Feb 1	86.58

Global oil demand

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