Trends - Oil - Business Recorder

Oil

Oil slides amid concerns over health of banking sector

LONDON: Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy Secretary...

Updated 24 Mar, 2023 08:08pm

Markets

Oil crawls up as dollar weakens

BENGALURU: Oil prices edged higher on Thursday days after hitting their lowest since late 2021, supported by rising...

Published 24 Mar, 2023 05:55am

Markets

Oil down after Fed comments, U.S. crude stock build

LONDON: Oil prices dipped on Thursday, having hit their lowest since late 2021 earlier this week, after Federal...

Updated 23 Mar, 2023 05:13pm

Markets

Oil up 1pc despite crude build, as dollar weakens

NEW YORK: Oil prices rose about 1% to a one-week high on Wednesday despite a surprise weekly build in US crude...

Published 23 Mar, 2023 05:47am

Markets

Oil prices rebound after hitting lowest since 2021 on banking fears

NEW YORK: Oil prices bounced up on Monday in volatile trade after diving to their lowest levels in 15 months as the...

Published 20 Mar, 2023 11:36pm

Markets

Oil hits lowest since 2021 on banking fears

LONDON: Oil prices fell on Monday to their lowest in 15 months on concern that risks in the global banking sector...

Updated 20 Mar, 2023 05:14pm

BR Research

Oil: Can the selloff sustain?

It took no less than a full-blown banking crisis for international oil markets to extend losses for well over a ...

Published 20 Mar, 2023 07:37am

Markets

Oil rises on demand hopes as banking fears ease

LONDON: Oil prices firmed on Friday as a meeting between Saudi Arabia and Russia calmed markets and after support...

Updated 17 Mar, 2023 05:02pm

Markets

Gasoil trading liquidity improves

SINGAPORE: Asia’s 10-ppm sulphur gasoil trading liquidity picked up after a myriad of sellers emerged to offload...

Published 17 Mar, 2023 06:15am

Markets

Oil rises 2pc as S Arabia, Russia hold talks

BENGALURU: Oil prices rose 2% on Thursday after dropping to near 15-month lows earlier in the session, supported by...

Published 17 Mar, 2023 06:15am

Markets

Oil regains some ground after Credit Suisse lifeline

LONDON: Oil prices clawed back some ground on Thursday, recovering from the previous session’s 15-month lows, as...

Updated 16 Mar, 2023 05:31pm

Markets

HSFO premiums gain steam as Fujairah stocks fall

NEW DELHI: Asia’s spot fuel oil premiums for high sulphur fuel oil (HSFO) advanced on Wednesday after stocks at...

Published 16 Mar, 2023 06:01am

Markets

Oil hits lowest in more than a year as banking fears mount

LONDON: Oil extended its slide on Wednesday, falling 4% and hitting its lowest in more than a year as unease over...

Updated 15 Mar, 2023 09:52pm

Markets

Oil declines to 9-week low on inflation worries

NEW YORK: Oil prices dropped about 3% to a nine-week low on Tuesday after a US inflation report and the recent US...

Published 15 Mar, 2023 06:01am

Markets

Russian sanctions shift oil price-making power to Asia from Europe

LONDON: Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a...

Published 14 Mar, 2023 12:00pm

Markets

Oil prices continue slump in fallout from SVB shutdown

LONDON: Oil prices dropped more than $2 a barrel on Tuesday, extending the previous day’s slide, as the collapse of...

Updated 14 Mar, 2023 05:02pm

Markets

Oil prices decline as banking fears rattle markets

NEW YORK: Oil prices fell in volatile trading on Monday as the collapse of Silicon Valley Bank hit equities markets...

Published 14 Mar, 2023 03:18am

Editorials

Oil supply: risks must not be downplayed

EDITORIAL: The supply chain in various industries is at the risk of choking under import restrictions by State Bank...

Updated 14 Mar, 2023 10:29pm

Markets

Crude oil prices slide $4 as banking fears rattle markets

LONDON: Oil prices fell $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a...

Updated 13 Mar, 2023 06:10pm

Markets

PARCO pipeline made operational after leakage

KARACHI: An oil leakage occurred at the Pak Arab Refinery Limited (PARCO) pipeline near Shah Latif Town, Karachi on...

Published 13 Mar, 2023 07:27am

Markets

Oil prices set for 5% weekly drop on US rate hike jitters

LONDON: Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about...

Updated 10 Mar, 2023 06:44pm

Markets

Oil steadies as recession worries offset lower dollar

NEW YORK: Oil prices were little changed on Thursday as a big jump in US unemployment claims increased recession...

Published 10 Mar, 2023 03:46am

World

Germany plans 2024 oil and gas boiler ban

BERLIN: Germany on Thursday presented controversial plans to ban the installation of new oil and gas boilers from...

Published 09 Mar, 2023 07:38pm

Markets

Oil steadies as French strike and weaker dollar balance recession fears

LONDON: Oil steadied on Thursday after a two-day decline as strike-disrupted fuel supply in France, a drop in U.S....

Updated 09 Mar, 2023 07:51pm

BR Research

Oil: heading north

When not much seems to be going their way, spreading fake news is the preferred route of the collective West to put ...

Published 08 Mar, 2023 08:37am

Markets

Oil falls 3pc

NEW YORK: Oil prices fell by more than $2 a barrel on Tuesday after comments from US Federal Reserve Chair Jerome...

Published 08 Mar, 2023 06:20am

Markets

Kenya issues oil supply tender with longer credit to curb FX pressure

NAIROBI: Kenya has issued its first oil import tender under a new system designed to cut pressure on the foreign...

Published 08 Mar, 2023 06:20am

Markets

VLSFO rebounds after one-month downtrend

SINGAPORE: The spot 0.5% very low sulphur fuel oil (VLSFO) market in Asia rebounded on Tuesday after trending lower...

Published 08 Mar, 2023 06:20am

Markets

Oil edges lower on stronger dollar and weak Chinese data

LONDON: Oil prices edged lower on Tuesday as a stronger U.S. dollar and weak oil data from top crude importer China...

Updated 07 Mar, 2023 06:10pm

BR Research

APL – a weaker quarter

After a good year (FY22), the oil marketing companies (OMCs) earnings were expected to come under pressure during...

Published 07 Mar, 2023 08:41am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 25 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 25 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 25 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 25 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 25 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 25 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 25 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 25 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 25 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 25 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 25 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 25 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 25 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 25 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 25 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 25 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 25 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 25 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 25 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 25 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 25 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 25 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 25 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 25 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 25 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 25 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
Dow Jones / Mar 23	32105.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42
FTSE 100 / Mar 24	7408.41
Germany DAX 30 / Mar 24	15034.97
France CAC40 / Mar 24	7056.60

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

Oil

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