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Global oil demand

Oil prices tumble more than USD1 as IEA cuts demand forecast

Published 13 Feb, 2026 05:47am

HOUSTON: Oil prices tumbled by more than USD1 a barrel on Thursday as investors gave more weight to the...

Global oil demand to dip in 2030, first drop since Covid: IEA

Updated 17 Jun, 2025 02:12pm

PARIS: Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International...

Oil rises as US issues new sanctions targeting Chinese importers of Iranian oil

Updated 16 Apr, 2025 09:27pm

HOUSTON: Oil prices rose more than $1 a barrel on Wednesday after Washington issued new sanctions targeting Chinese...

World oil demand, US supply to grow more slowly on tariff tensions, IEA says

Published 15 Apr, 2025 06:20pm

LONDON: Global oil demand will grow at its slowest rate for five years in 2025 and U.S. production rises will also...

HSBC lowers Brent price forecasts on trade tensions, sluggish oil demand

Published 15 Apr, 2025 04:36pm

HSBC revised down its Brent crude price forecast on Tuesday, citing rising trade tensions and an expected reduction...

OPEC cuts global oil demand growth forecasts, citing US tariffs

Published 14 Apr, 2025 06:23pm

LONDON: OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the...

Strong dollar weakens oil

Published 15 Nov, 2024 08:26am

Following Donald Trump’s historic return to the White House, the US dollar has gone on to a bull rally, seeing it...

IEA sees oil surplus looming, reassures on Iran supply risk

Updated 15 Oct, 2024 02:47pm

LONDON: The world oil market is heading for a sizeable surplus in the new year, the International Energy Agency said...

Morgan Stanley cuts 2024 oil demand growth outlook

Published 24 Aug, 2024 06:23am

NEW YORK: Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower...

Global oil demand growth slowing: IEA

Published 13 Aug, 2024 05:57pm

PARIS: Global oil demand growth slowed in the second quarter of the year, primarily due to softer construction and...

Oil demand set to peak by 2029, major supply glut looms, IEA says

Published 12 Jun, 2024 01:17pm

LONDON: Global oil demand will peak by 2029 and begin to contract the next year, the International Energy Agency...

Global oil demand to grow by 1.9ln bpd in 2024, says Wood Mac

Published 29 Feb, 2024 08:56pm

LONDON: Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by...

OPEC says oil market remains strong despite negative sentiment

Published 14 Nov, 2023 05:08am

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ...

Asia naphtha, gasoline refining profit margins fall

Published 17 May, 2023 06:22am

NEW DELHI: Asia’s refining profit margins for naphtha and gasoline declined on Tuesday after tepid economic data...

World oil demand to hit record as China reopens: IEA

Published 15 Feb, 2023 08:44pm

Demand is expected to reach 101.9 million barrels per day on average in 2023, an increase of two million barrels per day from last year, it says in monthly oil market report

OPEC raises 2023 oil demand growth view

Published 15 Feb, 2023 06:27am

LONDON: OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to...

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

Published 13 Dec, 2022 07:18pm

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

OPEC cuts oil demand growth forecast again as economic challenges mount

Published 14 Nov, 2022 06:46pm

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

Most Gulf markets bounce on oil demand growth outlook

Published 16 Sep, 2022 06:04am

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

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

Published 15 Sep, 2022 07:16am

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

China lockdowns weigh on global oil demand: IEA

Published 15 Sep, 2022 05:57am

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

China lockdowns weigh on global oil demand: IEA

Published 14 Sep, 2022 05:37pm

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

Oil demand rises as gas prices surge: IEA

Updated 12 Aug, 2022 10:18am

Prices of natural gas and electricity have jumped to new records

Asia fuel oil: 380-cst HSFO cash premiums dip

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

Global oil demand to rebound next month: IEA

Updated 14 Sep, 2021 01:39pm

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

Delta variant crimps oil demand outlook: IEA

Published 13 Aug, 2021 02:04am

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

OPEC+ JTC keeps 2021 oil demand growth forecast unchanged

Published 31 May, 2021 06:27pm

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+.

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

Published 26 Apr, 2021 08:38pm

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.

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
Dow Jones / Jun 3	50,687.07
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79
FTSE 100 / Jun 4	10,349.70
Germany DAX 30 / Jun 4	24,899.30
France CAC40 / Jun 4	8,185.81

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.19 ▲ 0.62 (13.57%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Escorts Bank / Jun 4 Escorts Investment Bank Limited(ESBL)	13.59 ▲ 1.24 (10.04%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Grays Leasing / Jun 4 Grays Leasing Limited(GRYL)	22.98 ▲ 2.09 (10%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)

Stock	Price
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.91 ▼ -2.69 (-6.79%)
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	32 ▼ -2.25 (-6.57%)
Shams Textile / Jun 4 Shams Textile Mills Limited(STML)	39.03 ▼ -2.58 (-6.2%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Ashfaq Textile / Jun 4 Ashfaq Textile Mills Limited(ASHT)	33.25 ▼ -1.89 (-5.38%)
Mughal Energy / Jun 4 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	423.01 ▼ -20.78 (-4.68%)
Gulistan Sp. / Jun 4 Gulistan Spinning Mills Limited(GUSM)	7.06 ▼ -0.32 (-4.34%)
First AL-Noor Mod. / Jun 4 First Al-Noor Modaraba(FANM)	6.60 ▼ -0.28 (-4.07%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	112,742,147 ▲ 0.26
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	32,085,063 ▲ 0.65
WorldCall Telecom / Jun 4 Worldcall Telecom Limited(WTL)	30,602,865 ▼ -0.01
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	29,547,446 ▲ 0.88
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	22,915,829 ▲ 0.56
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	21,952,752 ▲ 2.38
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	21,604,812 ▲ 0.03
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	20,173,269 ▼ -0.13
Maple Leaf Cement / Jun 4 Maple Leaf Cement Factory Limited(MLCF)	18,998,070 ▲ 1.39
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	18,802,886 ▲ 0.24

Global oil demand

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