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oil demand

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

Markets

Brent oil benchmark hits 2-year high, WTI highest since 2018

Top US diplomat sees hundreds of sanctions on Iran to remain.
API shows drawdown in US crude stocks; EIA data due later Wed.
Oil demand expected to grow in H2 as lockdowns ease.

Published 09 Jun, 2021 06:28pm

BR Research

Oil rebalancing

After stabilizing, oil seems to be entering a stronger phase or maybe its learning to live with the pandemic; not...

Published 01 Jun, 2021 07:35am

Markets

OPEC oil output rise in May limited by Nigeria, Iran losses: survey

OPEC May output rises 280,000 bpd from April.
Compliance with OPEC+ cut pledges slips to 122%.
Saudi posts OPEC's biggest output gain.

Published 31 May, 2021 06:29pm

Markets

Iran's oil exports, on rising trend, drop in May as China buying ebbs

Tehran's oil exports have risen since late 2020, despite US sanctions toughened under US President Donald Trump. Joe Biden's administration took office in January pledging to rejoin Iran's nuclear deal with world powers, which Trump had quit.
"China and Iran are carrying out normal economic and trade cooperation, including energy, within the framework of international law, and the relevant cooperation is reasonable and legitimate," the spokesperson said.

Published 19 May, 2021 05:45pm

Markets

Oil prices set for weekly gain despite India virus surge

China's exports and services sector expand in April.
April crude imports down 0.2% year on year in China.

Published 07 May, 2021 06:26pm

Business & Finance

Brazil's Petrobras lowers fuel prices even as oil rises internationally

The move would be the first under the management of General Joaquim Silva e Luna, who replaced Roberto Castello Branco as the company's top executive after the government apparently disagreed with the state-run company's fuel pricing policy.
In a note on Friday, brokerage Ativa Investimentos said its model indicated a potential 13% rise in gasoline prices, driven by the increasing international oil prices.

Published 30 Apr, 2021 08:32pm

Markets

OPEC raises 2021 oil demand growth forecast on hopes virus impact wanes

Demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6%, the Organization of the Petroleum Exporting Countries forecast in its monthly report, up 70,000 bpd from last month.
OPEC raised its forecast of 2021 world economic growth to 5.4% from 5.1%, assuming the impact of the pandemic is "largely contained" by the beginning of the second half of the year.

Published 13 Apr, 2021 05:34pm

Markets

Oil rises nearly 2pc on US vaccine rollout, Middle East tension

US at 22% vaccinated; other countries further behind.
Yemen's Houthis say they attacked Saudi Aramco facilities.
Crude prices remain rangebound.

Published 12 Apr, 2021 09:46pm

Business & Finance

BP expects to hit $35 billion net debt target in first quarter

The company, which had a debt pile of $39 billion at the end of 2020, had earlier expected to reduce its debt to $35 billion around the fourth quarter of 2021 or first quarter of 2022.
The London-based company said on Tuesday it expects sale proceeds in 2021 to be at the top end of its existing $4 billion to $6 billion range.

Published 06 Apr, 2021 12:11pm

Markets

Oil rises as OPEC+ decides on production policy

OPEC+ reaches preliminary deal to raise output from May –sources.
OPEC+ still has deep production cuts in place.
New pandemic waves creates uncertain demand outlook.
Euro zone factory activity soared in March.

Published 01 Apr, 2021 09:04pm

Markets

Oil drops as demand concerns outweigh Suez Canal disruptions

Suez Canal suspends traffic, efforts to dislodge ship continue.
Prices fall as demand concerns dominate.
Big gains unlikely until OPEC meeting on April 1 – analyst.

Published 25 Mar, 2021 05:19pm

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

OPEC sees most of 2021 oil demand recovery in H2 as COVID-19 impact lingers

"Total oil demand is foreseen to reach 96.3 million bpd with most consumption appearing in the second half," OPEC said in the report.
"This year's demand growth will not be able to compensate for the major shortfall from 2020 as mobility is forecast to remain impaired throughout 2021."

Published 11 Mar, 2021 07:21pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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