Trends - oil price - Business Recorder

oil price

Oil prices rise with storm-hit US output set for slow return

Brent crude was up 49 cents, or 0.8%, at $63.40 a barrel.
"With three-quarters of fracking crews standing down, the likelihood of a fast resumption is low," ANZ Research said in a note.

Published 22 Feb, 2021 08:02pm

Markets

Oil extends losses as Texas prepares to ramp up output

Texas oil firms prepare for production restart.
Oil demand outlook weakened by US refinery deep freeze outages.
US-Iran relations thaw but 'long road' ahead.

Published 19 Feb, 2021 08:17pm

Markets

Saudi Arabia set to raise oil output amid recovery in prices: WSJ

Saudi Arabia is expected to announce its plans when a coalition of oil producers meets next month, according to the WSJ report, adding that the output rise won't kick in until April.

Published 17 Feb, 2021 07:49pm

Markets

Oil hits 13-month highs on supply cuts, weak dollar

Brent, WTI futures hit highest since January 2020.
Both contracts had risen for 6 straight sessions.
US crude, gasoline stockpiles up last week -Reuters poll.

Published 09 Feb, 2021 08:37pm

Markets

Oil gives up early gains, but Brent stays over $60/bbl

Brent, WTI futures hit highest since January 2020.
Both contracts had risen for 6 straight sessions.
US crude, gasoline stockpiles up last week - Reuters poll.

Published 09 Feb, 2021 06:03pm

Markets

Brent hits $60 as supply cuts and stimulus hopes boost prices

Weak dollar also supports prices of commodities.
6-month Brent spread widest in over a year.
US oil rig count highest since May last week - Baker Hughes.

Published 08 Feb, 2021 07:11pm

Markets

Oil hits highest in a year on growth hopes, OPEC+ cuts

Brent hits highest since Feb 2020.
OPEC+ maintains policy aimed at tightening supply.
US crude stockpiles fall to lowest since March.

Published 05 Feb, 2021 08:40pm

Markets

Oil hits highest in a year on growth hopes, OPEC+ cuts

Brent hits highest since February 2020.
OPEC+ maintains policy aimed at tightening supply.
US crude stockpiles fall to lowest since March.

Published 05 Feb, 2021 05:46pm

Business & Finance

Oil prices rise to highest in a year on U.S. growth optimism, crude supply restraint

“Rising confidence in an upturn in economic and oil demand recovery around the corner is a major impetus for crude,” said Vandana Hari, energy analyst at Vanda Insights.

Published 05 Feb, 2021 10:23am

World

Global food inflation fears grow as UN index hits 6-1/2-year high

ROME: Global food prices rose for an eighth consecutive month in January to their highest since July 2014, the ...

Updated 05 Feb, 2021 11:46pm

Business & Finance

Saudis Oil Prices discriminate between US, Europe and Asia

Saudi Arabia leaves oil pricing unchanged for its main markets in Asia in March, while raising it for markets in the United States and Europe.

Updated 04 Feb, 2021 04:13pm

Markets

OPEC experts meet as rising oil prices mask demand worries

Oil has rallied from historic lows reached last year as demand collapsed due to the pandemic thanks to record OPEC+ output cuts.
"A positive start," said one OPEC delegate. "The group wants a quick meeting with a positive agenda."

Published 02 Feb, 2021 07:01pm

Markets

Oil prices extend rally as producers restrain output

OPEC output increase smaller than expected – poll.
UBS sees Brent at $63 mid-year, Goldman at $65.
BP cites declining product demand, retail sales.
US blizzard offers hope for product demand.

Updated 02 Feb, 2021 08:13pm

Markets

Oil prices gain as inventories fall and demand picks up

Positive risk sentiment boosts prices, says UBS analyst.
Goldman Sachs sees oil price rising to $65 by July.
OPEC oil output rose in January, but less than forecast.

Published 01 Feb, 2021 07:04pm

Markets

Iraq's oil exports rise to 2.868mn bpd in January

Exports from Iraq's southern Basra terminals reached 2.77 million bpd in January, up from 2.75 million bpd the month before, the ministry added.
Rising oil prices boosted Iraq's January oil revenue, its main income stream, to about $4.74 billion with an average price per barrel of $53.294.

Published 01 Feb, 2021 06:26pm

Markets

Oil rises but remains rangebound as OPEC cuts offset virus fears

Brent crude futures for March rose 60 cents, or 1.1%, to $56.13 a barrel.
The Brent March contract expires on Friday. The more active April contract was up 69 cents, or 1.2%, at $55.79.

Published 29 Jan, 2021 08:15pm

Markets

Oil prices rangebound as supply cuts offset virus worries

The Brent March contract expires on Friday. The more active April contract was up 26 cents, or 0.5%, at $55.36.
US West Texas Intermediate (WTI) crude futures rose 3 cents, or 0.1%, to $52.37.

Published 29 Jan, 2021 06:07pm

BR Research

POL- from slow to slower

Where many sectors may witness recovery in profits in 2QFY21 (Oct-Dec 2020) as the economic activity rebounded and...

Published 28 Jan, 2021 07:35am

Markets

Oil above $56 as lower US stockpiles outweigh COVID and demand concerns

API says US crude inventories fell by 5.3 million barrels.
China posts lowest daily rise in COVID-19 cases in over 2 weeks.
Coming up: US EIA oil supply report at 1530 GMT.

Updated 27 Jan, 2021 11:23pm

Markets

Oil prices edge higher on U.S. stimulus hopes, supply concerns

Brent crude futures rose 31 cents to $55.72 a barrel by 1:32 p.m. EST (1832 GMT). U.S. West Texas Intermediate crude rose 32 cents to $52.59 a barrel.

Published 26 Jan, 2021 12:52am

Markets

Oil down 2pc as China COVID-19 cases trigger clampdowns

Shanghai reports first locally transmitted cases in 2 months.
Focus on EIA inventory data due Friday.
Vaccine-fueled recovery likely several months away.

Published 22 Jan, 2021 06:05pm

Markets

Brent oil may slide to $55.21

The correction from the Jan. 13 high of $57.42 may have extended.

Published 21 Jan, 2021 08:59am

Markets

US oil may fall into $52.27-$52.59 range

A sudden break above $54.19 could confirm the continuation of the uptrend towards the range of $56.37-$57.72.

Published 21 Jan, 2021 08:52am

Markets

Oil slips on surprise rise in US crude stocks

Brent crude futures similarly dropped 26 cents, or 0.5%, to $55.82 a barrel.

Published 21 Jan, 2021 08:43am

Markets

Oil prices rise as investors look to higher demand seen in second half

IEA cuts 2021 demand outlook, but sees demand rise in H2.
Chinese refining, economic data bullish.
API data on US crude inventories due on Wednesday.

Published 19 Jan, 2021 06:31pm

Markets

Oil falls on coronavirus fears, strong dollar

China's economy picked up in fourth quarter.
Libyan oil output cut by 200,000 bpd.
Stronger dollar weighs on prices.

Published 18 Jan, 2021 07:00pm

Markets

Oil falls as China lockdown, US unemployment data temper gains

Brent was down 83 cents, or 1.5%, at $55.59.
US West Texas Intermediate crude was down 57 cents, or 1.1%, at $53 a barrel.

Published 15 Jan, 2021 07:51pm

Markets

Oil prices ease as pandemic overshadows Chinese and US data

US crude stockpiles drop, fuel inventories build –EIA.
Oil market outlook clouded by vaccine rollout variables –IEA.
China reports most new COVID-19 cases in more than 10 months.

Published 14 Jan, 2021 09:44pm

Markets

Oil prices ease as pandemic outweighs Chinese and US data

US crude stockpiles drop, fuel inventories build –EIA.
Oil market outlook clouded by vaccine rollout variables –IEA.
China reports most new COVID-19 cases in more than 10 months.

Published 14 Jan, 2021 07:10pm

Markets

Oil steadies as US inventory fall tempers demand woes

Brent crude prices were down 4 cents at $56.54 a barrel.
The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020.

Published 13 Jan, 2021 06:43pm

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / Feb 24 Bilal Fibres Limited(BILF)	2.33 ▲ 0.78 (50.32%)
Dewan Tex. / Feb 24 Dewan Textile Mills Limited(DWTM)	2.80 ▲ 0.30 (12.00%)
Pak Gulf Leas. / Feb 24 Pak-Gulf Leasing Company Limited(PGLC)	10.50 ▲ 1.00 (10.53%)
Flying Cement Ltd / Feb 24 Flying Cement Company Limited(FLYNG)	13.10 ▲ 1.00 (8.26%)
Shahtaj Textile / Feb 24 Shahtaj Textile Limited(STJT)	106.21 ▲ 7.41 (7.50%)
Leiner Gelatine / Feb 24 Leiner Pak Gelatine Limited(LPGL)	18.80 ▲ 1.31 (7.49%)
J.A.Textile / Feb 24 J.A. Textile Mills Limited(JATM)	15.24 ▲ 1.06 (7.48%)
Shakarganj / Feb 24 Shakarganj Limited(SML)	35.47 ▲ 2.47 (7.48%)
Arpak Int. / Feb 24 Arpak International Investments Ltd.(ARPAK)	91.00 ▲ 5.97 (7.02%)
ZIL Ltd. / Feb 24 ZIL Limited(ZIL)	113.35 ▲ 7.41 (6.99%)

Stock	Price
Media Times / Feb 24 Media Times Limited(MDTL)	3.51 ▲ -0.56 (-13.76%)
First AL-Noor Mod. / Feb 24 First Al-Noor Modaraba(FANM)	3.30 ▲ -0.40 (-10.81%)
1st Dawood / Feb 24 First Dawood Investment Bank Limited(FDIBL)	2.60 ▲ -0.27 (-9.41%)
Dawood Equities / Feb 24 Dawood Equities Limited(DEL)	6.76 ▲ -0.64 (-8.65%)
First UDL Mod. / Feb 24 First UDL Modaraba(FUDLM)	10.82 ▲ -1.00 (-8.46%)
Telecard / Feb 24 Telecard Limited(TELE)	6.87 ▲ -0.63 (-8.40%)
TPL Corp / Feb 24 TPL Corp Limited(TPL)	7.40 ▲ -0.64 (-7.96%)
SME Leasing Ltd. / Feb 24 SME Leasing Limited(SLL)	3.50 ▲ -0.30 (-7.89%)
Macter Int. Ltd. / Feb 24 Macter International Limited(MACTER)	148.93 ▲ -12.07 (-7.50%)
Netsol Tech. / Feb 24 NetSol Technologies Limited(NETSOL)	275.61 ▲ -22.34 (-7.50%)

Stock	Volume
Byco Petr. / Feb 24 Byco Petroleum Pakistan Limited(BYCO)	83,905,000 ▼ 0.00
TRG Pak. / Feb 24 TRG Pakistan Limited(TRG)	47,091,260 ▼ 0.00
Worldcall / Feb 24 Worldcall Telecom Limited(WTL)	27,206,500 ▼ 0.00
Hum Network / Feb 24 Hum Network Limited(HUMNL)	23,906,500 ▼ 0.00
Media Times / Feb 24 Media Times Limited(MDTL)	19,088,500 ▼ 0.00
Telecard / Feb 24 Telecard Limited(TELE)	14,908,000 ▼ 0.00
Unity Foods / Feb 24 Unity Foods Limited(UNITY)	13,597,926 ▼ 0.00
Power Cement / Feb 24 Power Cement Limited(POWER)	12,071,500 ▼ 0.00
Maple Leaf / Feb 24 Maple Leaf Cement Factory Limited(MLCF)	11,119,024 ▼ 0.00
Pak Int.Bulk Ter / Feb 24 Pakistan International Bulk Terminal Limited(PIBTL)	10,939,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 24	158.90
USD PKR Interbank Buying / Feb 24	158.80
USD to Japanese Yen / Feb 24	105.38
USD to Swiss Franc / Feb 24	0.91
Pound Sterling to USD / Feb 24	1.41
Euro to USD / Feb 24	1.22
UK LIBOR % / Feb 24	0.08

Stock	Volume
S&P 500 / Feb 24	3881.37
India Sensex / Feb 24	49751.41
Tokyo Nikkei / Feb 24	29880.52
Nasdaq / Feb 24	13465.20
Hang Seng / Feb 24	30632.64
FTSE 100 / Feb 24	6625.94
Dow Jones / Feb 24	31537.55
Germany DAX 30 / Feb 24	13864.81
France CAC40 / Feb 24	5779.84

Item	Value
Crude Oil / Feb 24	61.21
Karachi Cotton Assoc. / Feb 24	11300.00
Gold 10 Grams / Feb 24	94264.00
Gold Spot / Feb 24	1805.90
Cotton / Feb 24	92.67

oil price

Oil prices rise with storm-hit US output set for slow return

Oil extends losses as Texas prepares to ramp up output

Saudi Arabia set to raise oil output amid recovery in prices: WSJ

Oil hits 13-month highs on supply cuts, weak dollar

Oil gives up early gains, but Brent stays over $60/bbl

Brent hits $60 as supply cuts and stimulus hopes boost prices

Oil hits highest in a year on growth hopes, OPEC+ cuts

Oil hits highest in a year on growth hopes, OPEC+ cuts

Oil prices rise to highest in a year on U.S. growth optimism, crude supply restraint

Global food inflation fears grow as UN index hits 6-1/2-year high

Saudis Oil Prices discriminate between US, Europe and Asia

OPEC experts meet as rising oil prices mask demand worries

Oil prices extend rally as producers restrain output

Oil prices gain as inventories fall and demand picks up

Iraq's oil exports rise to 2.868mn bpd in January

Oil rises but remains rangebound as OPEC cuts offset virus fears

Oil prices rangebound as supply cuts offset virus worries

POL- from slow to slower

Oil above $56 as lower US stockpiles outweigh COVID and demand concerns

Oil prices edge higher on U.S. stimulus hopes, supply concerns

Oil down 2pc as China COVID-19 cases trigger clampdowns

Brent oil may slide to $55.21

US oil may fall into $52.27-$52.59 range

Oil slips on surprise rise in US crude stocks

Oil prices rise as investors look to higher demand seen in second half

Oil falls on coronavirus fears, strong dollar

Oil falls as China lockdown, US unemployment data temper gains

Oil prices ease as pandemic overshadows Chinese and US data

Oil prices ease as pandemic outweighs Chinese and US data

Oil steadies as US inventory fall tempers demand woes

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