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IEA

Goodbye oil glut thanks to OPEC+ and recovery: IEA

PARIS: A glut in global oil markets is being worked off as the world economy begins to recover from the Covid-19...

Published 15 Apr, 2021 03:22am

Markets

Oil maintains upward momentum despite fresh coronavirus fears

Prices climb for third session but remain rangebound.
Oil higher on US inventory drop and improved demand outlook.
Weaker US dollar also supportive.
Spike in COVID-19 cases stokes concerns.

Updated 14 Apr, 2021 06:18pm

Markets

Gasoline demand may never recover from pandemic, says IEA

In last year's five-year outlook before the COVID-19 pandemic's full force was felt in Western countries, the IEA said that gasoline demand was approaching a plateau and kept its demand outlook figure steady from 2024 to 2025.
Global gasoline consumption is unlikely to ever return to its 2019 level.

Published 17 Mar, 2021 08:40pm

Markets

Oil demand to reach record by 2026: IEA

As people get vaccinated and restrictions are lifted, demand will return to its 2019 level by 2023, according to the report.

Published 17 Mar, 2021 06:00pm

Markets

Oil demand to reach record by 2026: IEA

"By contrast, demand in many advanced economies, where vehicle ownership and oil use per capita are much higher, is not expected to return to pre-crisis levels," the IEA said.

Published 17 Mar, 2021 02:14pm

BR Research

The unanticipated upswing in oil prices

Not only have the crude oil prices been on an upward trend since fall 2020 - after their anemic recovery post the...

Updated 10 Mar, 2021 10:03am

World

CO2 pollution returns, climate goals at risk: IEA

PARIS: Global CO2 emissions have returned to pre-pandemic levels and then some, threatening to put climate treaty...

Updated 03 Mar, 2021 09:37am

Markets

CO2 pollution bounces back, climate goals at risk: IEA

In India, they rose above 2019 levels from September as economic activity increased and Covid restrictions relaxed.

Published 02 Mar, 2021 11:37am

Markets

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

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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