Trends - oil demand - Business Recorder

oil demand

Global oil demand - back on track?

Crude oil prices have started 2023 with a rally. A major driver for crude oil demand is back and its impact has been...

Published 25 Jan, 2023 09:12am

Markets

At Davos, Saudi Arabia says curbing oil dependency a priority

DAVOS: Saudi Arabia is working to reduce its reliance on oil exports, Economy Minister Faisal Al-Ibrahim said...

Published 18 Jan, 2023 04:21pm

Markets

China’s COVID-19 reopening set to push 2023 oil demand to new high: IEA

LONDON: The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record...

Published 18 Jan, 2023 02:24pm

Markets

OPEC says Chinese oil demand to rebound in 2023 after drop

LONDON: OPEC said on Tuesday Chinese oil demand would rebound this year due to relaxation of the country’s COVID-19...

Published 17 Jan, 2023 07:48pm

Markets

Attock Refinery temporarily shuts down main distillation unit

Becomes second major refinery to either shut or limit its operations in recent days

Published 13 Dec, 2022 01:32pm

Markets

IEA sees global emissions peaking in 2025

PARIS: The International Energy Agency said Wednesday it believes global emissions will peak in 2025 as surging...

Published 27 Oct, 2022 10:42am

BR Research

Oil prices triggering an early recession?

Volatility never leaves the global oil market. Crude oil prices continue to be jittery - falling, stabilizing, ...

Published 17 Oct, 2022 09:23am

Markets

Oil demand rises as gas prices surge: IEA

PARIS: Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are...

Published 11 Aug, 2022 03:26pm

Markets

Iraq can boost oil output by 200,000 bpd this year if asked: BOC

BASRA: Iraq has the capacity to increase its oil production by 200,000 barrel per day (bpd) this year if asked, an...

Published 22 Jul, 2022 09:55pm

Markets

Oil rises 1pc as tight supply outweighs economic worries

NEW YORK: Oil prices edged up about 1% to a two-week high in volatile trade on Tuesday as the market focused more on...

Published 20 Jul, 2022 07:05am

Markets

OPEC forecasts slower oil demand growth in 2023

LONDON: OPEC forecast that world oil demand will rise further next year, but at a slightly slower rate than in 2022,...

Published 12 Jul, 2022 04:46pm

BR Research

Palm oil respite

The Indonesian ban on palm oil exports thankfully proved short-lived, as the government had to cave into the...

Published 24 Jun, 2022 09:02am

Markets

IEA lowers world oil demand outlook on China lockdowns

PARIS: Global oil demand will be slightly lower than forecast this year in the wake of strict Covid lockdowns in...

Published 13 Apr, 2022 02:51pm

Markets

OPEC cuts 2022 world oil demand forecast due to Ukraine war

LONDON: OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s...

Published 12 Apr, 2022 09:17pm

Markets

IEA's Birol again urges OPEC+ to narrow gap between oil targets and output

RIYADH: The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to...

Published 16 Feb, 2022 01:06pm

Markets

Tight oil market could see prices hit $125, says JP Morgan

Shortfalls in OPEC+ production and spare capacity concerns are likely to keep the oil market tight and prices could...

Published 14 Feb, 2022 06:49pm

Markets

Saudi Arabia and UAE could ease oil market volatility, IEA says

LONDON: Saudi Arabia and the United Arab Emirates (UAE) could help to calm oil markets if they pumped more crude, ...

Published 11 Feb, 2022 07:09pm

Markets

OPEC sees upside to 2022 oil demand forecast on strong pandemic recovery

LONDON: OPEC said on Thursday world oil demand might rise even more steeply this year as the global economy posts a...

Published 10 Feb, 2022 08:49pm

Markets

IEA warns of potential volatile year for oil market

PARIS: The oil market could face another volatile year but demand is surging higher as the sector has weathered the...

Published 19 Jan, 2022 05:57pm

BR Research

Bulls or bears to reign oil prices?

A new variant and surge in COVID cases globally have toppled the gains made by the crude oil price in the last two...

Published 23 Dec, 2021 07:40am

BR Research

Attock Petroleum Limited

Attock Petroleum Limited (PSX: APL) was Incorporated in 1998 an oil marketing company and is part of the Attock Oil...

Published 13 Dec, 2021 08:01am

BR Research

Oil price: Equilibrium nearing?

While the Omicron fears may have subsided having earlier jolted global oil prices, the bulls may still be far away...

Published 10 Dec, 2021 08:07am

Markets

US oil may test $64.55; no sign of end to drop

SINGAPORE: US oil may test a support at $64.55 per barrel, a break below could cause a fall to the range of $62.54 ...

Published 02 Dec, 2021 12:51pm

Markets

Russia, Saudi signal no rush on Omicron ahead of OPEC+ meeting

MOSCOW/LONDON: Russia and Saudi Arabia signalled on Monday there was no need for OPEC+ to race to adjust oil output...

Updated 29 Nov, 2021 07:27pm

Markets

OPEC says high prices to dampen pace of oil demand recovery

LONDON: OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb...

Updated 11 Nov, 2021 08:40pm

Business & Finance

OPEC trims 2021 demand forecast but says gas price surge could help

LONDON: OPEC has trimmed its world oil demand growth forecast for 2021 while maintaining its 2022 view, its monthly...

Published 13 Oct, 2021 05:41pm

Markets

OPEC expects Delta variant to delay oil demand growth

Keeps 2021 demand growth forecast steady at 5.96 mln bpd
Sees demand exceeding pre-pandemic levels in 2022
OPEC August output rises 150,000 bpd as OPEC+ unwinds cuts

Published 13 Sep, 2021 07:28pm

Markets

OPEC+ seen sticking to policy despite higher oil demand

OPEC faces US pressure to raise production
Demand forecast for 2022 revised up to 4.2 mln bpd

Published 01 Sep, 2021 08:20pm

Markets

OPEC sees world oil demand reaching pre-pandemic level in 2022

Oil demand seen at 99.86 million bpd in 2022, similar to 2019

Updated 15 Jul, 2021 10:03pm

Markets

Despite uncertainties, OPEC sticks to forecast of oil demand surge in second half

Keeps 2021 oil demand growth forecast at 5.95 mln bpd.
But OECD demand not expected to fully recover from 2020 collapse.
OPEC May output rises by 390,000 bpd as Saudi, Iran pump more.
Says OPEC+ has substantially led the way towards rebalancing.

Published 10 Jun, 2021 06:28pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 5 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 5 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 5 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 5 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 5 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 5 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 5 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 5 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 5 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 5 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Volume
Hub Power Co. / Feb 5 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.00
Cnergyico PK / Feb 5 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.00
Dewan Motors / Feb 5 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.00
Gul Ahmed / Feb 5 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▼ 0.00
WorldCall Telecom / Feb 5 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.00
TRG Pak Ltd / Feb 5 TRG Pakistan Limited(TRG)	4,574,299 ▼ 0.00
Lotte Chemical / Feb 5 Lotte Chemical Pakistan Limited(LOTCHEM)	3,805,565 ▼ 0.00
K-Electric Ltd. / Feb 5 K-Electric Limited(KEL)	3,686,127 ▼ 0.00
Pak Petroleum / Feb 5 Pakistan Petroleum Limited(PPL)	3,499,066 ▼ 0.00
Nishat Chun.Pow. / Feb 5 Nishat Chunian Power Limited(NCPL)	3,492,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Nasdaq / Feb 3	12006.96
Hang Seng / Feb 3	21660.47
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94

Item	Value
Crude Oil USD/Barrel / Feb 3	73.39
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Gold Spot USD/Ounce / Feb 3	1864.97
Cotton US¢/pound / Feb 3	85.43

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