Trends - oil exports - Business Recorder

oil exports

Saudi Arabia may raise May crude prices to Asia to new record levels

SINGAPORE: Top oil exporter Saudi Arabia is expected to raise crude prices to Asia in May to new highs, tracking...

Published 31 Mar, 2022 05:11am

Markets

Paris grain futures soar again on supply gap from Ukraine war

PARIS: Euronext grain futures surged again on Tuesday with front-month wheat and maize setting new record highs, as...

Published 02 Mar, 2022 04:35am

Markets

Oil heads for weekly fall on Iranian oil hopes

LONDON: Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian...

Published 19 Feb, 2022 04:15am

Markets

Oil rises on concerns geopolitical risks could tighten supplies

NEW YORK: Oil prices rose on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats...

Published 25 Jan, 2022 09:30pm

Markets

Oil prices fall despite lingering supply concerns

LONDON: Oil prices fell on Friday, pressured by an unexpected rise in U.S. crude and fuel inventories while ...

Published 22 Jan, 2022 05:46am

Markets

Libya oil, gas exports hit 5-year high of $21.5bn

TRIPOLI: Libya's lifeline oil and gas exports raised revenues of more than $21.5 billion in 2021, the highest level...

Published 15 Jan, 2022 07:18pm

Markets

Oil rises to $82 as demand recovery seen on track

LONDON: Oil rose to around $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus ...

Published 11 Jan, 2022 05:40pm

World

Iran's Raisi says nuclear talks with major powers should be result-oriented

DUBAI: Iran backs talks with six major powers that are result-oriented, Iranian hardline President Ebrahim Raisi ...

Updated 19 Oct, 2021 12:11am

Opinion

Supply chain crisis, imported inflation, and greater autarky

Prime Minister, Imran Khan reportedly indicated that inflationary pressures are mainly due to imported inflation, as...

Published 08 Oct, 2021 04:30am

Markets

Brent oil near $80 a barrel on tighter supplies

Brent at highest since 2018, WTI highest since July
As OPEC reopens taps, African giants struggle to pump more
China faces power shortages, hitting factory output

Published 28 Sep, 2021 08:08pm

Markets

Oil rises on economic recovery hopes, weaker dollar

Brent crude was up $1.25, or 1.8%, at $72.84 a barrel
Crude oil processing will probably take considerably longer to recover from the outages than crude oil production, which suggests that crude oil stocks will increase in the coming weeks," says Commerzbank

Updated 02 Sep, 2021 07:13pm

Markets

Asia's crude oil imports stage gentle recovery in Aug

LAUNCESTON, (Australia): Asia has been the laggard of crude oil demand growth this year, but the world's...

Published 27 Aug, 2021 04:52am

Markets

Oil up 2% on brighter demand outlook and Mexican outage

Pfizer-BioNTech COVID-19 vaccine gains full US approval
Mexico offshore platform fire takes 400,000 bpd offline
US to sell up to 20 mln barrels of SPR stocks

Published 24 Aug, 2021 06:58pm

Markets

Saudi Arabia's June oil exports rise 123% to over $16bn

Oil exports accounted for 72% of total exports in June, up from 62% in June last year, it said

Published 24 Aug, 2021 01:44pm

Markets

Oil holds above $70 despite weaker demand forecasts

Brent crude was down 14 cents, or 0.2%, at $71.17 a barrel
US crude lost 18 cents, or 0.2%, to $68.91

Published 13 Aug, 2021 05:42pm

Delta variant crimps oil demand outlook: IEA

PARIS: Global oil demand is expected to grow slower than previously forecast this year as the spread of Covid’s...

Published 13 Aug, 2021 02:04am

Markets

Oil drops below $70 as US urges OPEC+ to pump more

White House: OPEC+ output not enough, may harm global recovery
API says US crude, gasoline stocks fell last week
Goldman lowers China demand outlook as Delta variant surges

Published 11 Aug, 2021 05:25pm

Markets

Oil steady, but set for big weekly loss on demand worries

Rising coronavirus cases in top consumers US and China weigh
Middle East tensions support prices

Published 06 Aug, 2021 08:23pm

Markets

Oil edges higher as tight supply outweighs virus spread

Brent crude futures rose 23 cents, or 0.3%, to $74.73 a barrel
With oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices

Published 27 Jul, 2021 06:35pm

Iran opens oil export terminal outside strategic strait

Iran's main oil export terminal is located at the port of Kharg inside the Strait of Hormuz, a waterway less than 40 kilometres (25 miles) across at its narrowest point.

Published 22 Jul, 2021 02:27pm

Markets

Oil prices extend losses on expected supply increase

Saudi Arabia and UAE reach compromise on oil supply.
US crude stockpiles fall for eighth week –EIA.
US fuel stocks rose despite reduced refinery output –EIA.
Iran nuclear talks unlikely until mid-August –source.
China June crude throughput hit record high.

Published 15 Jul, 2021 05:26pm

Markets

Oil prices firm as US inventories decline

US oil and gasoline stocks fall as fuel demand rises.
OPEC+ impasse fuels uncertainty over global supply.
Fears of rising COVID-19 cases also weigh.

Updated 09 Jul, 2021 05:07pm

Markets

Russia to cut oil exports from its Western ports by 22pc

MOSCOW: Russia plans to decrease oil loadings from its Western ports to 6.22 million tonnes for July compared to ...

Published 25 Jun, 2021 04:20am

Markets

Oil prices rebound after knock from US driving season data

US crude stocks down, fuel inventories rise – EIA.
Libya to ramp up output after fixing pipeline leak – source.
India's May fuel demand hits 9-month low.
Upcoming: US jobless claims, inflation data, OPEC monthly report.

Published 10 Jun, 2021 06:25pm

Markets

Oil prices retreat but outlook remains positive

As oil is priced in dollars, a stronger greenback makes crude more expensive for buyers with other currencies.
China's crude imports were down 14.6% in May on a yearly basis also weighed on prices.

Published 08 Jun, 2021 09:02pm

Markets

Russia's Novak says risks of uncertainty remain in oil market

Oil prices rose on Tuesday, with Brent hitting $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States.

Published 01 Jun, 2021 06:32pm

Markets

Asia fuel oil: VLSFO cash discount narrows

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) cash discount narrowed on Monday amid firmer bids...

Published 01 Jun, 2021 04:59am

Markets

Oil prices dip on concerns about possible return of Iranian supply

US crude, gasoline stocks fall more than expected.
Summer demand outlook in US, Europe supports prices.
Market eyes upcoming OPEC+ meeting.

Published 27 May, 2021 08:31pm

Markets

Urals oil exports from Baltic ports June 1-5 set to fall 22pc mth/mth

Combined Urals exports from the ports of Primorsk and Ust-Luga will decline by 22% in June 1-5 compared to May 1-5, Reuters calculations showed.

Published 17 May, 2021 07:11pm

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.
Coming Up: Baker Hughes' US rig count at 1 p.m./1700 GMT.

Published 07 May, 2021 08:44pm

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	156.17
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 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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