Trends - IEA - Business Recorder

IEA

Oil edges higher but demand fears set in

Brent crude was up 29 cents, or 0.5%, at $61.43 a barrel.
Prices have risen over recent weeks partly owing to oil production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and other producers in the group known as OPEC+.

Published 12 Feb, 2021 09:02pm

Markets

Oil eases as OPEC, IEA fret about demand

• Brent eases after tying record 9 sessions of gains • WTI eight-day rally also ends • OPEC again cuts 2021...

Updated 12 Feb, 2021 11:47pm

Markets

Oil drops after strong rally as new COVID-19 variants weigh

Brent falls after nine sessions of gains.
WTI rally also ends.
Global oil supply still outstripping demand –IEA.
Libya oil guards end blockade at Hariga port.

Updated 11 Feb, 2021 09:27pm

Markets

IEA says oil market fragile, cites virus restrictions

The IEA said it had left its 2021 global oil demand forecast unchanged, at 96.4 million barrels per day (mbd), which represents a gain of 5.4 mbd over 2020.

Published 11 Feb, 2021 05:50pm

Markets

IEA launches global group to tackle fallout from energy transition

The commission, chaired by Denmark, will include energy ministers from Canada, Norway, Mexico and Oman.
We believe the real success of this transition is critically hinging on whether or not citizens will benefit from the opportunities and how we navigate the disruptions of clean energy transitions.

Published 26 Jan, 2021 08:59pm

Markets

Oil prices climb

• IEA cuts 2021 oil demand outlook, but sees upturn in H2 NEW YORK: Oil prices climbed with US stock markets on...

Published 20 Jan, 2021 04:29am

Markets

Oil gains on stimulus optimism ahead of Biden inauguration

Yellen urged lawmakers to "act big" on the next coronavirus relief package, adding that the benefits outweigh the costs of a higher debt burden.

Published 20 Jan, 2021 12:16am

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

Markets

Oil prices ease as pandemic outweighs Chinese and US data

US crude stockpiles drop, fuel inventories build –EIA.
Oil market outlook clouded by vaccine rollout variables –IEA.
China reports most new COVID-19 cases in more than 10 months.

Published 14 Jan, 2021 07:10pm

Markets

IEA says oil market outlook clouded by vaccine roll-out variables

Producers are grappling with huge uncertainty about where this goes from here.
"That's not just in terms of economic recovery but indicators we wouldn't necessarily normally be looking at: (such as the) levels of trust in different countries about vaccines."

Published 13 Jan, 2021 06:28pm

Markets

Global coal demand to rise 2.6% in 2021 after record decline this year: IEA

Coal is a key driver of CO2 emissions and governments around the globe have pledged carbon neutrality in the next decades, including China, which has set its target for before 2060.

Published 18 Dec, 2020 11:31am

Markets

Oil prices slip on surprise gain in US inventory, demand worries

Still, progress on vaccine rollouts continued on Tuesday after Moderna Inc's COVID-19 vaccine appeared set for US regulatory authorisation this week.

Published 16 Dec, 2020 08:45am

Markets

IEA trims oil demand forecasts on aviation woes

For 2021, the IEA said it had cut its oil demand growth estimate by 170,000 bpd to 5.7 mbpd "mainly because of another downgrade for jet fuel/kerosene demand."

Published 15 Dec, 2020 02:51pm

Gainers
Losers
Leaders

Stock	Price
1st Dawood / Feb 26 First Dawood Investment Bank Limited(FDIBL)	3.50 ▲ 0.89 (34.10%)
First Equity Mod. / Feb 26 First Equity Modaraba(FEM)	4.05 ▲ 0.55 (15.71%)
Telecard / Feb 26 Telecard Limited(TELE)	7.88 ▲ 1.00 (14.53%)
Dewan Farooq. Spin. / Feb 26 Dewan Farooque Spinning Mills Limited(DFSM)	3.00 ▲ 0.35 (13.21%)
Saudi Pak Leas. / Feb 26 Saudi Pak Leasing Company Limited(SPLC)	1.69 ▲ 0.19 (12.67%)
TPL Corp / Feb 26 TPL Corp Limited(TPL)	8.10 ▲ 0.69 (9.31%)
Trust Sec.& Brok. / Feb 26 Trust Securities & Brokerage Limited(TSBL)	11.95 ▲ 0.95 (8.64%)
Gammon Pak / Feb 26 Gammon Pakistan Limited(GAMON)	13.59 ▲ 0.99 (7.86%)
Zephyr Tex / Feb 26 Zephyr Textiles Limited(ZTL)	13.59 ▲ 0.99 (7.86%)
Flying Cement Ltd / Feb 26 Flying Cement Company Limited(FLYNG)	14.10 ▲ 1.00 (7.63%)

Stock	Price
Adam Sugar / Feb 26 Adam Sugar Mills Limited(ADAMS)	28.30 ▲ -5.72 (-16.81%)
SME Leasing Ltd. / Feb 26 SME Leasing Limited(SLL)	3.15 ▲ -0.35 (-10.00%)
Emco Ind. / Feb 26 Emco Industries Limited(EMCO)	31.45 ▲ -2.55 (-7.50%)
John&Philips / Feb 26 Johnson & Phillips (Pakistan) Limited(JOPP)	40.70 ▲ -3.30 (-7.50%)
Jubilee Gen. Ins. / Feb 26 Jubilee General Insurance Limited(JGICL)	49.29 ▲ -3.99 (-7.49%)
Sana Ind. / Feb 26 Sana Industries Limited(SNAI)	68.55 ▲ -5.55 (-7.49%)
Int. Knit. / Feb 26 International Knitwear Limited(INKL)	13.97 ▲ -1.13 (-7.48%)
J.A.Textile / Feb 26 J.A. Textile Mills Limited(JATM)	14.10 ▲ -1.14 (-7.48%)
Shams Textile / Feb 26 Shams Textile Mills Limited(STML)	44.87 ▲ -3.63 (-7.48%)
Olympia Mills / Feb 26 Olympia Mills Limited(OML)	12.41 ▲ -1.00 (-7.46%)

Stock	Volume
Telecard / Feb 26 Telecard Limited(TELE)	35,854,000 ▼ 0.00
Byco Petr. / Feb 26 Byco Petroleum Pakistan Limited(BYCO)	34,224,000 ▼ 0.00
Unity Foods / Feb 26 Unity Foods Limited(UNITY)	32,364,414 ▼ 0.00
K-Electric Ltd / Feb 26 K-Electric Limited(KEL)	32,179,000 ▼ 0.00
TRG Pak. / Feb 26 TRG Pakistan Limited(TRG)	29,671,119 ▼ 0.00
Hum Network / Feb 26 Hum Network Limited(HUMNL)	25,286,000 ▼ 0.00
1st Dawood / Feb 26 First Dawood Investment Bank Limited(FDIBL)	18,558,500 ▼ 0.00
Worldcall / Feb 26 Worldcall Telecom Limited(WTL)	17,584,500 ▼ 0.00
Media Times / Feb 26 Media Times Limited(MDTL)	15,673,000 ▼ 0.00
Netsol Tech. / Feb 26 NetSol Technologies Limited(NETSOL)	14,112,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 25	158.85
USD PKR Interbank Buying / Feb 25	158.75
USD to Japanese Yen / Feb 25	105.95
USD to Swiss Franc / Feb 25	0.91
Pound Sterling to USD / Feb 25	1.41
Euro to USD / Feb 25	1.22
UK LIBOR % / Feb 25	0.08

Stock	Volume
S&P 500 / Feb 25	3925.43
India Sensex / Feb 25	50781.69
Tokyo Nikkei / Feb 25	29671.70
Nasdaq / Feb 25	13597.97
Hang Seng / Feb 25	29718.24
FTSE 100 / Feb 25	6658.97
Dow Jones / Feb 25	31961.86
Germany DAX 30 / Feb 25	13976.00
France CAC40 / Feb 25	5797.98