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Oil prices

Oil prices drop, but on track for steep weekly gain

US refiners Valero Energy and PBF Energy have reported quarterly results that surpassed analysts' expectations

Published 30 Jul, 2021 11:17am

Markets

Oil rises as US supplies tighten, dollar weakens

NEW YORK: Oil prices rose on Thursday, with global benchmark Brent topping $75 a barrel, as supplies in the United...

Published 30 Jul, 2021 05:10am

Markets

Oil edges higher on tighter U.S. supplies, Brent tops $75 a barrel

Brent crude oil futures were up 92 cents, or 1.2pc, at $75.66 a barrel by 12:05 ET (1605 GMT), having traded as high as $75.74. U.S. West Texas Intermediate (WTI) crude oil futures were up 90 cents, or 1.3pc, at $73.29 a barrel.

Published 29 Jul, 2021 10:40pm

Markets

Oil edges higher on inventory drawdowns, Brent tops $75 a barrel

US crude stocks fall by 4.1 mln barrels, EIA says
US Fed says economic recovery remains on track
Iran blames US for pause in nuclear talks

Published 29 Jul, 2021 07:07pm

Markets

Oil nears $75 as US inventory drop counters virus concerns

API reports 4.7 million barrel drop in US crude inventories
Oil supply set to remain tight despite OPEC+ hike-analyst

Published 28 Jul, 2021 08:01pm

Markets

Oil prices gain on US fuel drawdown despite rising COVID-19 cases

On gasoline stocks, analysts had expected a 900,000 barrel decline drop in the week to July 23

Published 28 Jul, 2021 12:08pm

Markets

Most Gulf markets firm on higher oil prices

DUBAI: Most stock markets in the Gulf ended higher on Tuesday, mirroring a rise in oil prices, with the Abu Dhabi...

Published 28 Jul, 2021 04:45am

Markets

Rising oil prices lift Mexico, Colombian currencies; Latam stocks fall

Brazil's Bovespa lost 0.8%, with iron ore miner Vale the biggest drag as prices for the steel-making ingredient slumped 2.8%.

Published 27 Jul, 2021 08:16pm

Markets

Oil steadies in undersupplied market but Covid cases weigh

NEW YORK: Oil prices steadied on Monday after a choppy session as the spread of the COVID-19 Delta variant stoked...

Published 27 Jul, 2021 04:40am

Markets

Oil slips but set to end week steady on tight supply

LONDON: Oil slipped further below $74 a barrel on Friday but was on track to end the week little changed after a...

Published 24 Jul, 2021 04:27am

Markets

Oil slips but heads for steady week on supply tightness

Brent crude futures fell 7 cents, or 0.1%, to $73.72 a barrel at 0147 GMT, after jumping 2.2% on Thursday

Published 23 Jul, 2021 10:44am

Markets

Oil prices slip after rise in US crude oil stocks

"Volatility in energy remains elevated as traders grapple with short-term demand weakness from Delta variant concerns and expectations the crude deficits will last till the end of the year," said Edward Moya, senior analyst at OANDA.

Published 22 Jul, 2021 01:24pm

Markets

Palm extends losses on weak soy prices, export data

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market

Published 22 Jul, 2021 11:08am

Markets

Oil extends gains despite rise in US inventories

Brent crude futures had gained $2.13, or 3.1%, to $71.48 a barrel
US crude stocks rose by 806,000 barrels for the week that ended July 16, according to two market sources, citing American Petroleum Institute figures.

Published 21 Jul, 2021 07:18pm

Covid-19 surge drives down shares, bond yields; oil plunges

NEW YORK: Stocks on Wall Street fell around 2% on Monday, as a rise in worldwide coronavirus cases and deaths drove...

Published 20 Jul, 2021 06:33am

Markets

VLSFO retreats from multi-month highs

SINGAPORE: Asia's 0.5percent very low-sulphur fuel oil (VLSFO) cash premiums and front-month time-spreads slipped on...

Published 20 Jul, 2021 04:14am

Markets

Global markets sink on resurgent virus fears

LONDON: World stocks sank Monday as the spreading Delta virus variant fuelled fears it could undermine the economic...

Published 19 Jul, 2021 08:43pm

Markets

Oil falls $2 after OPEC+ producers agree to raise output

Brent crude was down $1.92, or 2.6%, at $71.67 a barrel
"Longer-term, free and additional production capacities from OPEC+ countries are the key reason why we see oil moving lower again"

Published 19 Jul, 2021 04:32pm

Markets

Asia’s VLSFO crack near 2-week high

SINGAPORE: Asia’s front-month 0.5% very low-sulphur fuel oil (VLSFO) crack climbed to a near two-week high of...

Published 17 Jul, 2021 04:21am

Markets

Oil track for big weekly drop as supply concerns mount

Brent crude was down 82 cents, or 1.1%, at $72.65 a barrel, heading for a 3.8% fall this week.
Saudi Arabia and the UAE reached a compromise this week, paving the way for OPEC+ producers to finalise a deal to increase production.

Published 16 Jul, 2021 09:05pm

Markets

India's June oil imports hit their lowest in 9 months

June imports fall about 7% on-month to 3.9m bpd
High fuel inventories curb India's crude imports
April-June imports rise 11.7% year-on-year

Published 16 Jul, 2021 02:14pm

Markets

Oil heads for biggest weekly drop since March as supply worries mount

Brent crude for September was down 2 cents at $73.45 a barrel by 0338 GMT and is heading for a 3% fall this week after two days of heavy declines.

Published 16 Jul, 2021 10:28am

Markets

Asia’s naphtha cracks mixed

SINGAPORE: Asia’s naphtha crack dipped on Thursday, while gasoline crack rose amid a drop in oil prices. The...

Published 16 Jul, 2021 04:34am

Markets

Oil prices sink again, as investors look out for more supply

Saudi Arabia and UAE reach compromise on oil supply Investors focus on rising US product inventories Several banks...

Published 16 Jul, 2021 04:34am

Markets

Wall Street dips as earnings gather pace, jobless claims fall

Netflix rises as UBS hikes price target.
UnitedHealth up on raising 2021 profit view.
Indexes down: Dow 0.30%, S&P 0.30%, Nasdaq 0.34%.

Published 15 Jul, 2021 08:15pm

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

Oil falls 1% on prospect of more supplies

Saudi, UAE reach compromise to unlock more oil supply
US crude stockpiles fall for eighth week in a row
US fuel stocks rose despite reduced refinery output

Published 15 Jul, 2021 09:39am

Opinion

Global edible oil prices

Federal Finance Minister Shaukat Tarin is said to have directed the Ministry of Industries and Production, the...

Published 15 Jul, 2021 04:03am

Markets

Oil slides over 2pc after top oil producers near compromise

NEW YORK: Oil prices dropped more than 2% Wednesday after major global oil producers came to a compromise about...

Published 15 Jul, 2021 04:03am

Markets

Oil prices fall as China crude import data weighs

Brent crude was down 38 cents, or 0.5%, at $76.11 a barrel by 0820 GMT.
West Texas Intermediate was off by 46 cents, or 0.6%, at $74.79 a barrel.

Published 14 Jul, 2021 03:29pm

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	158.33
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 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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