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global oil prices

MPS on 12th: Analysts say policy rate to remain unchanged

KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce monetary policy statement on December 12, 2023....

Published 07 Dec, 2023 04:35am

Markets

Oil prices up 3pc

NEW YORK: Oil prices climbed about 3% to a one-week high on Friday on worries that tensions in Israel and Gaza could...

Updated 28 Oct, 2023 06:34am

Markets

BP urges more oil, gas investment while speeding energy transition

NEW DELHI: Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price...

Published 26 Aug, 2023 02:46pm

Markets

Oil dips further as China worries counter supply cuts

HOUSTON: Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar...

Published 15 Aug, 2023 06:30am

IEA flags OPEC+ supply cuts

International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter

Updated 12 Aug, 2023 09:53am

Oil benchmark Brent’s price structure reflects tighter market

LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,...

Updated 11 Aug, 2023 08:42am

India raises concerns over oil market volatility with producer countries

NEW DELHI: India has flagged concerns over volatility in the global oil prices to major oil producers and...

Updated 11 Aug, 2023 08:43am

Markets

Oil prices rise as tight supply counters expected rate hikes

LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well...

Updated 24 Jul, 2023 05:46pm

Business & Finance

Gulf economies to grow at much slower pace than earlier forecast

BENGALURU: Economic growth in five countries in the six-member Gulf Cooperation Council is forecast to be even ...

Updated 24 Jul, 2023 06:40am

Markets

Oil falls amid China growth uncertainties

LONDON: Oil prices eased on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh...

Updated 19 Jun, 2023 06:52pm

Pakistan

‘Same discount as for others’: Russian minister says Pakistan not receiving ‘special’ rate

Energy minister Nikolai Shulginov also says Russia agreed payment would be made in currencies of friendly countries

Updated 17 Jun, 2023 10:07pm

Business & Finance

OPEC+ oil output cuts are non-political: Putin

MOSCOW: Russian President Vladimir Putin said on Friday that decisions made by the OPEC+ group to cut oil production...

Updated 17 Jun, 2023 06:58am

Business & Finance

Investors ignore OPEC+ to focus on consumption outlook: Kemp

LONDON: Portfolio investors had become increasingly bearish about the outlook for oil prices in the run up to the...

Published 06 Jun, 2023 05:33am

Business & Finance

POL products’ prices cut on world market, exchange rate decline

ISLAMABAD: The government has reduced the retail price of petroleum products on account of a decline in the...

Published 17 May, 2023 06:22am

Markets

Global oil market signals short-term weakness ahead of EU ban on Russian oil

The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and ...

Published 28 Nov, 2022 11:17am

Markets

India can buy as much Russian oil as it wants: US

NEW DELHI: The United States is happy for India to continue buying as much Russian oil as it wants, including at...

Published 15 Nov, 2022 05:52am

Markets

Benchmark yield eases to 7.40% as oil falls ahead of inflation data

MUMBAI: Indian government bond yields fell in early trading on Wednesday as oil prices eased further, while...

Published 12 Oct, 2022 10:33am

Petrol price raised by Rs1.45 per litre

ISLAMABAD: The federal government Wednesday announced an increase of Rs1.45 per litre in the price of petrol. The...

Published 22 Sep, 2022 05:48am

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

Markets

Oil prices rise as supply uncertainty mounts

LONDON: Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil...

Published 13 Sep, 2022 06:12am

Opinion

India’s weak rupee finds reprieve

A six-month exodus of foreign investors from India’s bond markets seems to have ended this month, giving the...

Published 20 Aug, 2022 03:41am

Markets

Oil edges higher as U.S. crude stocks plunge on strong export demand

HOUSTON: Oil edged marginally higher after hitting a six-month low earlier on Wednesday, as markets weighed a...

Updated 17 Aug, 2022 09:29pm

Business & Finance

India bond yields snap 2-day fall, inflation data in focus

MUMBAI: Indian government bond yields ended higher on Friday, after easing for last two trading sessions, tracking a...

Published 15 Aug, 2022 05:41am

Markets

Oil prices hit lowest since Ukraine invasion amid recession fears

LONDON: Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of...

Updated 05 Aug, 2022 01:11am

BR Research

WPI showing no respite

Wholesale Price Index (WPI) stayed near all-term high, almost unchanged from last month, at 38.6 percent. Recall ...

Published 04 Aug, 2022 09:07am

Markets

Oil dives as U.S. inflation data surges; China imposes lockdowns

NEW YORK: Oil prices sank on Friday, after U.S. consumer prices rose more than expected and China imposed new...

Updated 10 Jun, 2022 08:33pm

Opinion

Oil prices – what to do? – II

Classification of crude oil is based on viscosity (lightness or heavy) and sulfur level (sweet and sour/high, medium...

Published 09 Jun, 2022 06:18am

US to let Eni, Repsol ship Venezuela oil to Europe for debt

HOUSTON/WASHINGTON: Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to ...

Updated 06 Jun, 2022 09:37am

Markets

OMCs, refineries: PDCs seen at Rs63.12bn for May 16-31 on global oil prices

ISLAMABAD: Based on current international prices, the price differential claims for Oil Marketing...

Published 24 May, 2022 05:35am

Markets

Libya losing $60m a day in oil shutdown

TRIPOLi: Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global...

Published 30 Apr, 2022 07:17am

Gainers
Losers
Leaders

Stock	Price
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	7.80 ▲ 1.00 (14.71%)
F.Credit & Inv / Dec 8 First Credit and Investment Bank Limited(FCIBL)	7.25 ▲ 0.84 (13.10%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	3.97 ▲ 0.45 (12.78%)
Bilal Fibres / Dec 8 Bilal Fibres Limited(BILF)	2.91 ▲ 0.31 (11.92%)
Dawood Equities / Dec 8 Dawood Equities Limited(DEL)	6.98 ▲ 0.68 (10.79%)
Popular Islamic / Dec 8 Popular Islamic Modaraba(PIM)	11.50 ▲ 1.00 (9.52%)
Al-Shaheer Corp / Dec 8 Al Shaheer Corporation Limited(ASC)	11.52 ▲ 1.00 (9.51%)
Agritech Limited / Dec 8 Agritech Limited(AGL)	12.52 ▲ 1.00 (8.68%)
Bela Auto / Dec 8 Bela Automotives Limited(BELA)	12.53 ▲ 1.00 (8.67%)
Bank Makramah / Dec 8 Bank Makramah Limited(BML)	2.40 ▲ 0.19 (8.60%)

Stock	Price
Unicap Modaraba / Dec 8 Unicap Modaraba(UCAPM)	1.70 ▼ -0.29 (-14.57%)
Pak Gulf Leasing / Dec 8 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -1.00 (-13.33%)
Bawany Air Products / Dec 8 Bawany Air Products Limited(BAPL)	10.53 ▼ -0.97 (-8.43%)
Land Mark Spinning / Dec 8 Landmark Spinning Industries Limited(LMSM)	15.23 ▼ -1.24 (-7.53%)
Crescent Fib. / Dec 8 Crescent Fibres Limited(CFL)	80.02 ▼ -6.49 (-7.50%)
National Silk / Dec 8 The National Silk & Rayon Mills Limited(NSRM)	30.36 ▼ -2.46 (-7.50%)
Otsuka Pakistan / Dec 8 Otsuka Pakistan Limited(OTSU)	149.23 ▼ -12.10 (-7.50%)
Pak Engineering / Dec 8 Pakistan Engineering Company Limited(PECO)	508.75 ▼ -41.25 (-7.50%)
Shezan Inter. / Dec 8 Shezan International Limited(SHEZ)	132.10 ▼ -10.71 (-7.50%)
Frontier Ceram / Dec 8 Frontier Ceramics Limited(FRCL)	17.90 ▼ -1.45 (-7.49%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	244,993,958 ▲ 0.45
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,453,132 ▲ 0.20
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,160,000 ▲ 0.16
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	58,797,833 ▲ 0.06
Pak Refinery / Dec 8 Pakistan Refinery Limited(PRL)	42,648,059 ▲ 2.06
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	42,592,000 ▲ 0.57
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,440,851 ▲ 1.41
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,021,000 ▲ 0.02
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	35,956,082 ▲ 1.02
Pak Petroleum / Dec 8 Pakistan Petroleum Limited(PPL)	35,324,615 ▼ -0.23

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 7	284.53
USD PKR Interbank Buying / Dec 7	284.03
USD to Japanese Yen / Dec 7	146.80
USD to Swiss Franc / Dec 7	0.88
Pound Sterling to USD / Dec 7	1.25
Euro to USD / Dec 7	1.08
UK LIBOR % / Dec 6	5.47

Stock	Volume
S&P 500 / Dec 6	4549.34
Nasdaq / Dec 6	14146.71
Dow Jones / Dec 6	36054.43
India Sensex / Dec 7	69549.02
Tokyo Nikkei / Dec 7	32831.35
Hang Seng / Dec 7	16268.89
FTSE 100 / Dec 7	7485.25
Germany DAX 30 / Dec 7	16619.17
France CAC40 / Dec 7	7428.09

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 6	17235
Gold 10 Grams PKR / Dec 6	186986
Crude Oil USD/Barrel / Dec 7	69.77
Gold Spot USD/Ounce / Dec 7	2026.24
Cotton US¢/pound / Dec 7	79.89

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