Trends - oil and natural gas - Business Recorder

oil and natural gas

Prices edge lower on milder temperature forecasts, strong supply

LONDON: Dutch and British gas wholesale prices edged lower on Wednesday morning as weather forecasts turned milder...

Published 10 Jan, 2024 03:04pm

Opinion

Unfulfilled promises: Windfall levy on oil and its impact on KP

The Council of Common Interest (CCI) in its meeting held on 8th August 2012 while approving Petroleum Policy 2012...

Updated 10 Jan, 2024 06:12am

Markets

US natural gas futures edge up on cooler forecasts, record LNG exports

US natural gas futures edged up on Monday on forecasts for cooler weather and higher demand next week than ...

Updated 08 Nov, 2021 06:26pm

Markets

US natural gas up 4% on forecasts cooler weather will boost heating

Front-month gas futures rose 20.6 cents, or 4.0%, to $5.321 per million British thermal units (mmBtu)

Published 22 Oct, 2021 05:52pm

Markets

US natural gas falls over 3% from 7-year high on ample winter storage

US natural gas futures fell over 3% on Friday from a seven-year high in the prior session on expectations the United...

Published 01 Oct, 2021 08:35pm

Markets

US natural gas eases, but soaring global rates spur strong outlook

Front-month gas futures were down 9.5 cents, or 1.8%, to $5.240 per million British thermal units (mmBtu)

Published 17 Sep, 2021 08:20pm

Markets

US natural gas futures edge up on hotter forecasts, rising exports

Front-month gas futures rose 3 cents, or 0.9%, to $3.288 per million British thermal units (mmBtu).
US pipeline exports to Mexico averaged 6.8 bcfd so far in June, putting them on track to top May's 6.2-bcfd record.

Updated 23 Jun, 2021 05:15pm

Markets

US natural gas futures slip on forecasts for lower demand

Front-month gas futures fell 6.2 cents, or 1.9%, to $3.153 per million British thermal units (mmBtu) .
US pipeline exports to Mexico averaged 6.7 bcfd so far in June, putting them on track to top May's 6.2-bcfd record.

Published 21 Jun, 2021 06:41pm

Markets

US natural gas on track for 7-month high on rising air conditioning use

Front-month gas futures rose 12 cents, or 3.8%, to $3.269 per million British thermal units (mmBtu).
For the week, the contract was up about 5% after gaining almost 4% last week and nearly 3% two weeks ago.

Published 11 Jun, 2021 07:54pm

Markets

US natgas futures little changed despite seasonal warming of weather

Front-month gas futures rose 0.5 cent, or 0.2%, to $3.046 per million British thermal units.
US pipeline exports to Mexico, meanwhile, averaged 6.69 bcfd so far in June.

Published 04 Jun, 2021 07:00pm

Markets

US natgas futures hold near one-week high ahead of storage report

On its first day as the front-month, gas futures for July delivery fell 2.9 cents, or 1.0%, from where the July contract closed on Wednesday to $2.998 per million British thermal units.
US pipeline exports to Mexico, meanwhile, averaged 6.0 bcfd so far in May, just off April's monthly record of 6.1 bcfd, Refinitiv data showed.

Published 27 May, 2021 06:39pm

Markets

US natgas futures ease to fresh 3-week low as output slowly rises

The price decline came despite forecasts that warmer weather in coming weeks will boost the amount of gas power generators burn to keep air conditioners humming.
Front-month gas futures fell 1.2 cents, or 0.4%, to $2.913 per million British thermal units

Published 21 May, 2021 08:05pm

Markets

US natgas futures slip to 3-week low on big storage build

The US Energy Information Administration (EIA) said US utilities added 71 billion cubic feet (bcf) of gas into storage during the week ended May 14.
That injection boosted stockpiles to 2.100 trillion cubic feet (tcf), or 4.0% below the five-year average of 2.187 tcf for this time of year.

Published 20 May, 2021 09:10pm

Markets

US natgas futures slip on mild weather forecast, exports decline

Traders noted gas prices were also following oil futures lower. US crude fell more than $2 a barrel on renewed global demand concerns as coronavirus cases in Asia rise, among other things.
Front-month gas futures fell 4.2 cents, or 1.4%, to $2.970 per million British thermal units.

Published 19 May, 2021 08:15pm

Markets

US natgas futures soar to 3-month high on rising air conditioner use

Front-month gas futures rose 16 cents, or 5.4%, to $3.121 per million British thermal units (mmBtu) .
Data provider Refinitiv said gas output in the Lower 48 US states averaged 90.9 billion cubic feet per day (bcfd) so far in May, up from 90.6 bcfd in April, but still well below November 2019's monthly record of 95.4 bcfd.

Published 17 May, 2021 08:52pm

Markets

US natgas flat as higher oil prices offset milder weather

Front-month gas futures remained unchanged at $2.958 per million British thermal units.
US crude futures, meanwhile, rose over $1 a barrel earlier in the day on signs of a speedy economic recovery and upbeat forecasts for energy demand.

Published 12 May, 2021 06:29pm

Markets

US natgas hits 9-week high on cooler forecast, record exports

Front-month gas futures rose 3.9 cents, or 1.3%, to $2.950 per million British thermal units.
For the week, the contract was about 8% higher, putting it up for a third week in a row for the first time since February.

Published 30 Apr, 2021 08:58pm

Markets

US natgas rises to fresh 9-wk high on record exports

On its last day as the front-month, gas futures for May delivery rose 2.4 cents, or 0.8%, to $2.897 per million British thermal units.
That increase kept the front-month in overbought territory with a Relative Strength Index (RSI) over 70 for a third day in a row for the first time since August 2020.

Published 28 Apr, 2021 08:42pm

Markets

US natgas futures up to 7-week high on small storage build

The US Energy Information Administration (EIA) said utilities added 38 billion cubic feet (bcf) of gas into storage during the week ended April 16.
That was less than the 49-bcf build analysts forecast in a Reuters poll and compares with an increase of 47 bcf in the same week last year and a five-year (2016-2020) average increase of 37 bcf.

Published 22 Apr, 2021 07:52pm

Markets

US natgas futures rise to one-week high on cooler forecasts

Traders also noted that mild weather this week will likely cause utilities to boost injections into storage by so much that the total amount of gas in inventory will rise above the five-year (2016-2020) average for the first time since the February freeze.
Front-month gas futures rose 1.9 cents, or 0.8%, to $2.541 per million British thermal units.

Published 09 Apr, 2021 06:56pm

Markets

US natgas futures slide ahead of expected small storage withdrawal

If correct, last week's decrease would cut stockpiles to 1.776 trillion cubic feet (tcf), which would be 5.3% below the five-year average of 1.875 tcf for this time of year.
Front-month gas futures fell 3 cents, or 1.2%, to $2.498 per million British thermal units.

Published 18 Mar, 2021 08:34pm

Markets

US natgas futures at 7-week low on milder weather forecasts

Front-month gas futures fell 6.5 cents, or 2.5%, to $2.535 per million British thermal units.
That puts the front-month down about 24% since mid February when it hit a three-month high of $3.316 per mmBtu during the Texas freeze.

Updated 15 Mar, 2021 09:26pm

Business & Finance

Exxon and Macquarie in $11.7mn US lawsuit over gas contract

Exxon is asking the Texas court to rule that the massive storm, caused when an arctic air mass swept the central United States, was a natural disaster.
US gas demand and prices soared last month when freezing temperatures hit as far south as Texas, where 4.3 million homes lost power.

Updated 04 Mar, 2021 09:52pm

Markets

US natgas futures slip on milder weather forecast, focus on storage report

If correct, last week's decrease would cut stockpiles to 1.807 trillion cubic feet (tcf), which would be 10.7% below the five-year average of 2.023 tcf for this time of year.
Front-month gas futures fell 3 cents, or 1.1%, to $2.786 per million British thermal units.

Updated 04 Mar, 2021 09:53pm

Markets

US drillers add oil and gas rigs for fourth month: Baker Hughes

The oil and gas rig count, an early indicator of future output, rose 10 to 320 in the week to Nov. 25, energy services firm.
There was a single week decline in oil drilling activity (last week) going against the recent trend in higher drilling activity.

Published 26 Nov, 2020 12:28am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Cotton US¢/pound / May 10	78.18
Petrol/Litre / May 11	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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