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Global oil demand to grow by 1.9ln bpd in 2024, says Wood Mac

LONDON: Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by...

Published 29 Feb, 2024 08:56pm

Markets

Kuwait fuel oil exports rise for second month as Al Zour ramps up

SINGAPORE: Kuwait’s fuel oil exports rose for a second month in February, according to shiptracking data from Kpler...

Published 29 Feb, 2024 05:43pm

Markets

Oil prices firm

NEW YORK: Brent crude oil prices were little changed on Monday, with lingering supply concerns from tensions in the...

Published 20 Feb, 2024 03:09am

Markets

Aramco CEO predicts tighter oil markets, sees Red Sea risks

DAVOS: Global oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the...

Published 17 Jan, 2024 06:22pm

Markets

Oil rises on Chinese demand but European rate hike fears weigh

NEW YORK: Oil rose on Thursday on signs of a strong economic rebound in top crude importer China, but fears over the...

Updated 03 Mar, 2023 07:33am

Markets

Oil prices up 1pc to near 7-week high

NEW YORK: Oil prices rose about 1% on Wednesday to their highest since early December on a drop in the US dollar and...

Published 19 Jan, 2023 06:31am

Business & Finance

Oil prices fall nearly 5pc on worry over global economy

NEW YORK: Oil fell nearly 5 percent on Wednesday after slumping in the previous session, weighed down by demand...

Published 05 Jan, 2023 05:58am

Markets

Asia’s spot fuel oil market firms

SINGAPORE: Asia’s spot fuel oil market extended gains on Tuesday, although recovery remains capped as monthly...

Published 21 Dec, 2022 06:50am

Opinion

Russian oil sold to India below price cap in buyers’ market

Russia’s flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil...

Published 15 Dec, 2022 06:45am

Oil rebounds, but still on track for biggest weekly declines

NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly...

Updated 10 Dec, 2022 09:59am

Markets

OPEC+ seen heading for oil policy rollover, cut not ruled out

LONDON/DUBAI: OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources...

Published 02 Dec, 2022 07:11pm

Markets

Oil rises as China eases Covid curbs, dollar weakens

NEW YORK: Oil rose about $2 a barrel on Thursday after top crude importer China eased Covid curbs in two major...

Published 02 Dec, 2022 05:47am

Markets

Oil prices rise, but Chinese demand worries linger

LONDON: Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand...

Updated 25 Nov, 2022 07:12pm

Markets

Saudi, Iraqi energy ministers meet, review oil markets

The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+...

Published 25 Nov, 2022 09:50am

Markets

Oil prices settle up

NEW YORK: Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening US dollar outweighed...

Published 24 Oct, 2022 06:46am

With Iran deal looming, OPEC+ weighs oil cuts

DUBAI: Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to...

Published 24 Aug, 2022 05:08am

Markets

Oil falls 3%, pressured by surprise US crude, gasoline build

HOUSTON: Oil prices slid 3% on Wednesday, with losses accelerating after US data showed crude and gasoline...

Updated 03 Aug, 2022 10:49pm

Markets

Oil up 2pc on supply worries ahead of OPEC+ meeting

NEW YORK: Oil futures rose about 2% on Tuesday as traders worried that this week’s meeting of OPEC+ producers may...

Published 03 Aug, 2022 06:36am

Markets

France wants Iran, Venezuela return to oil markets

SCHLOSS ELMAU: France wants sanctions-hit Iran and Venezuela to return to the oil markets to alleviate a Russian...

Published 27 Jun, 2022 05:29pm

Markets

Oil turbulence could last five years, ExxonMobil boss warns

DOHA: Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said...

Published 22 Jun, 2022 08:12am

Markets

Copper rebounds as oil claws higher, Shanghai lifts curbs

LONDON: Copper prices rebounded on Wednesday, boosted by the lifting of COVID-19 lockdowns in Shanghai and gains in...

Published 02 Jun, 2022 06:19am

Russian, Saudi foreign ministers praise OPEC+

RIYADH: Russian Foreign Minister Sergei Lavrov met Saudi counterpart Prince Faisal bin Farhan Al Saud in Riyadh on...

Published 02 Jun, 2022 06:19am

Markets

Oil volatility ‘worse’ without OPEC+ bloc that includes Russia: Saudi

DUBAI: Volatility on oil markets sparked by Russia’s invasion of Ukraine would be worse without OPEC+, the Saudi...

Published 29 Mar, 2022 07:55pm

Markets

ICE canola futures firm

CHICAGO: ICE canola futures climbed on Tuesday, supported by firming edible oil markets, traders said. The nearby ...

Published 24 Mar, 2022 05:36am

US gasoline prices edge lower after hitting record high last week

NEW YORK: US gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week...

Updated 14 Mar, 2022 03:51pm

Markets

Oil markets fret over supply shock as some buyers shun Russia

LONDON: While the West debates potential restrictions on Russian oil and gas, there are signs some buyers are...

Published 08 Mar, 2022 07:35pm

Oil steadies from decade-highs

HOUSTON: Oil eased after hitting prices not seen in roughly a decade on Thursday, as sellers jumped on hopes that ...

Updated 04 Mar, 2022 10:46am

Oil surpasses $100, stocks slump

NEW YORK: Oil prices broke above $100 a barrel on for the first time since 2014 and stock markets slumped globally ...

Published 25 Feb, 2022 06:19am

Markets

Oil price turns negative in response to Ukraine uncertainty

NEW YORK: Oil prices turned negative on Wednesday, after rising earlier on reports that Ukraine’s government,...

Published 24 Feb, 2022 06:34am

Markets

Iraq strengthens grip on India oil market, with highest volumes in 29 months

NEW DELHI: India's imports of oil from Iraq surged in January to a 29-month high of about 1.3 million barrels per ...

Published 17 Feb, 2022 05:33pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20
France CAC40 / May 22	8092.11
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80

Item	Value
Gold 10 Grams PKR / May 22	212791
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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