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IEA

Oil settles lower, pares losses despite weak economic data

NEW YORK: Oil prices settled lower on Monday, paring steep losses on weak Chinese economic data after sources told...

Published 17 Aug, 2021 04:42am

Markets

Oil prices loses as OPEC+ sees no need for more supply hikes

Brent crude was down 80 cents, or 1.1pc, at $69.79 a barrel by 1:10 p.m. EDT (1710 GMT) after falling to $68.14 earlier in the sessions. U.S. oil fell by 87 cents, or 1.3pc, to $67.57 after reaching lows of $65.73.

Published 16 Aug, 2021 11:13pm

Markets

Oil slips but set for weekly gain

NEW YORK: Oil fell on Friday, but was on track to post a weekly rise, broadly shrugging off a warning from the...

Published 14 Aug, 2021 03:41am

Markets

Oil prices slip as IEA warns of slowdown in demand recovery

NEW YORK: Oil prices fell on Thursday after the International Energy Agency (IEA) said the spread of the Delta...

Published 13 Aug, 2021 04:44am

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

Delta variant crimps oil demand outlook: IEA

Demand surged in June as mobility increased in North America and Europe

Published 12 Aug, 2021 05:10pm

Markets

Covid recovery to drive all-time emissions high: IEA

The IEA's Sustainable Recovery Tracker found that just $380 billion of this had been provided for clean energy projects

Published 20 Jul, 2021 10:11am

Electricity demand growing faster than renewables: IEA

PARIS: Demand for electricity is growing faster than the roll-out of renewable energies, leading to a surge in the...

Updated 16 Jul, 2021 09:59am

Oil demand surges: IEA

PARIS: Oil demand surged last month as rising vaccination rates helped underpin robust economic activity, but with...

Updated 14 Jul, 2021 08:04am

Business & Finance

Oil demand surges, market set for deficit and volatility: IEA

Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy, the IEA warns

Updated 13 Jul, 2021 02:19pm

Markets

Net zero goals need revival of 'forgotten giant' hydropower, IEA says

Around half of hydropower's economically viable potential worldwide remains untapped, especially in emerging and developing economies, the IEA said.

Published 30 Jun, 2021 11:15am

Markets

Oil prices rise as demand improves, supplies tighten

Brent was up 53 cents, or 0.7%, at $73.22 a barrel.
US West Texas Intermediate gained 44 cents, or 0.6%, to $71.35 a barrel, its highest since October 2018.

Published 14 Jun, 2021 05:14pm

Markets

Oil holds near multi-year highs amid demand recovery

Goldman Sachs said last week it expects Brent to rise to $80 per barrel this summer as the rollout of inoculations boosts economic activity around the world.

Published 14 Jun, 2021 12:33pm

Markets

Oil prices reach fresh multi-year highs

NEW YORK: Oil prices reached fresh multi-year highs on Friday, heading for a third straight week of gains on an...

Published 12 Jun, 2021 05:04am

Markets

Oil prices reach fresh multi-year highs on demand recovery

U.S. investment bank Goldman Sachs said it expects Brent crude prices to reach $80 per barrel this summer as vaccine rollouts boost global economic activity.

Published 11 Jun, 2021 11:30pm

Markets

Stocks mostly up as inflation spike seen as temporary

Oil prices meanwhile rose as the IEA said crude demand was set to rise above pre-pandemic levels by the end of next year.

Published 11 Jun, 2021 06:11pm

Markets

Clean investment surge needed to meet climate goals: IEA

He said in a statement accompanying the report that delivering cleaner emissions constituted "a massive investment opportunity" that would provide job opportunities.

Published 09 Jun, 2021 10:11am

Opinion

Oil majors vow energy transition – at their own pace

Oil majors are under growing pressure to stop drilling for crude to help curb climate change, but companies say they...

Published 03 Jun, 2021 04:13am

Business & Finance

BlackRock backs dissident's nominees in rebuke to Exxon

Exxon holds its annual shareholder meeting on Wednesday and investors have the option of changing their votes until then.
The International Energy Agency (IEA) has said investors should stop funding new fossil fuel projects if they want to cut greenhouse gas emissions by 2050.

Published 25 May, 2021 09:48pm

Markets

IEA call to end fossil fuels likely to fall on deaf ears in Asia

LAUNCESTON, (Australia): It is probably just ironic coincidence, but the same day the International Energy Agency...

Published 21 May, 2021 05:04am

Business & Finance

Maritime shipping to fall short of net zero emissions target: IEA

Shipping aims to cut emissions by 50% by 2050.
But target seen missed.
Lack of alternative fuels, long ship lifespan cited.
Hydrogen, ammonia to be shipping's main low-carbon fuel.

Updated 20 May, 2021 05:24pm

No new fossil fuel projects for net-zero: IEA

PARIS: All future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050...

Updated 19 May, 2021 10:13am

Oil demand drops as virus surges: IEA

PARIS: Oil demand dropped last month as the coronavirus surged in India and elsewhere, the IEA said Wednesday, in a...

Published 13 May, 2021 03:10am

Markets

Oil prices on track for eight-week high on demand hopes

NEW YORK: Oil prices rose more than 1% on Wednesday, putting the contracts on track for their highest close in ...

Published 13 May, 2021 03:10am

Markets

Renewable energy powers ahead in 2020: report

Installation of new photovoltaic solar panels should also continue to break records, hitting 160 GW by 2022.

Published 11 May, 2021 10:12am

Opinion

Climate change crisis: more talk than action

'This is a dire warning that the economic recovery from the Covid crisis is currently anything but sustainable for...

Published 30 Apr, 2021 05:06am

Business & Finance

Global EV sales accelerating, but government help needed: IEA

"We still see no sign of a slowdown in global electric car markets," said Timur Gül, head of the IEA's energy technology policy division, in a presentation on the global outlook for EVs.
First quarter global EV sales soared 140% to 1.1 million vehicles, with strong growth in China, Europe and the United States, the IEA said.

Published 29 Apr, 2021 06:22pm

World

CO2 emissions set to surge, IEA warns

The IEA expects both solar and wind to post their largest annual rises ever, at around 17 percent.

Published 20 Apr, 2021 11:22am

Markets

Oil surges as US stocks waffle on valuation fears

However, Coinbase shares finished at $328.28, well below the session peak of $429.54.

Published 15 Apr, 2021 10:26am

Markets

Qatar leads major Gulf markets higher; Egypt retreats

DUBAI: Major Gulf stock markets ended higher on Wednesday amid rising oil prices on revised oil demand forecasts,...

Published 15 Apr, 2021 03:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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