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Oil prices

Oil climbs on demand outlook as market awaits fresh cues

Brent crude climbed 83 cents, or 1.2% to $69.38 a barrel.
US unleaded gasoline prices hit an average $2.99 a gallon, the highest since November 2014, the American Automobile Association said.

Published 12 May, 2021 05:21pm

Markets

Oil prices rise on nagging fears of fuel shortages

NEW YORK: Oil prices settled higher on Tuesday, as lingering fears of gasoline shortages due to an outage at the...

Published 12 May, 2021 04:23am

Markets

Oil rises after key US fuel pipeline plans restart

NEW YORK: Oil prices turned higher on Monday as a major US fuel pipeline said it could largely restart within the...

Published 11 May, 2021 04:39am

Markets

Oil climbs on cyber attack; metals shine on demand hopes

In reaction, New York's WTI crude and London Brent oil both gained about 0.4 percent in value on Monday.

Published 10 May, 2021 06:36pm

Markets

Oil prices set for weekly gain despite India virus surge

NEW YORK: Oil prices were little changed on Friday as the COVID-19 crisis in India worsened but prices were set for ...

Published 08 May, 2021 03:30am

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

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

Pipeline operator Enbridge reports higher profit on oil demand recovery

Oil prices and fuel consumption have risen in recent months after the coronavirus-driven slump last year, as people get vaccinated and as restrictions are eased, particularly in the United States.
Enbridge's biggest business, liquids pipeline, earned a core profit of C$1.88 billion ($1.54 billion), on an adjusted basis, up from C$1.79 billion in the previous three-month period.

Published 07 May, 2021 05:33pm

Markets

European shares down

AMSTERDAM/LONDON: European stocks edged lower on Thursday, with the travel sector leading declines on weak results...

Published 07 May, 2021 04:35am

Markets

Oil prices fall on worries of pandemic surge in India

NEW YORK: Oil prices settled lower on Thursday, reversing early gains under pressure from rising Covid-19 infections...

Published 07 May, 2021 04:35am

Markets

Oil prices slip despite hefty US inventory fall

India posts record daily infections and deaths.
US crude stockpiles slump after export surge –EIA.

Published 06 May, 2021 09:01pm

BR Research

WPI keeps inflation concerns high

The CPI inflation at 11 percent for April 2021 surprised quite a few. Some are quick to brush it aside as a one-off...

Published 06 May, 2021 07:35am

Markets

Oil up 1pc as US oil stocks fall, demand outlook brightens

US crude stocks fall by more than expected – EIA.
Easing restrictions in UK, US boost demand hopes.
US exports, refining output surge in harbinger of more demand.

Published 05 May, 2021 09:09pm

Markets

Oil nears $70 as easing Western lockdowns boost summer demand outlook

API data shows bigger-than-expected drop in US crude stocks.
Easing restrictions in UK, US boost demand hopes.
Market eyes EIA data due later in the day.

Published 05 May, 2021 06:38pm

Markets

Rouble steady in light trade, MOEX hits record high

The rouble-based MOEX rose as far as 3,628.43 points and was 1.4% higher at 3,626.1
The dollar-denominated RTS index was up 1.6% to 1,527.3 points, close to a near seven-week high.

Published 05 May, 2021 05:40pm

Markets

TSX edges higher on energy boost

Toronto Stock Exchange's S&P/TSX composite index was up 3.15 points, or 0.02%, at 19,216.31.
The energy sector climbed 0.7% as US crude prices were up 1.7% a barrel, while Brent crude added 1.7%.

Published 04 May, 2021 08:08pm

Markets

Oil rises on US, Europe demand growth optimism

Demand boost in US, Europe bolsters sentiment.
Strong US economic outlook, weaker dollar also supportive.
India's soaring COVID-19 infections limit demand outlook.

Published 04 May, 2021 07:53pm

BR Research

Petrol prices: Multiyear low Petroleum Levy

The inflation pressure is telling on the government. The benchmark Arab Light crude oil price for the first May...

Published 04 May, 2021 07:30am

Markets

Oil holds near $67 as demand hopes balance India concern

Surge in coronavirus cases hits India's April fuel demand.
OPEC boosts output in April, OPEC+ increase takes effect in May.
Iran nuclear talks in focus.

Published 03 May, 2021 07:51pm

BR Research

PSO – volumes driving earnings again!

After a stressful FY20 where petroleum product volumes sold by the oil marketing companies slithered due to lockdown...

Published 03 May, 2021 07:35am

Markets

Oil prices fall from 6-week highs

NEW YORK: Oil prices fell from six-week highs on Friday, as investors unloaded positions after weak Japanese crude...

Published 01 May, 2021 03:28am

Markets

India demand worries, weak Japanese imports knock oil prices from six-week highs

Brent to average $64.17 in 2021-Reuters poll.
Japan's March oil imports fall 25.0 pct y/y – METI.
China's factory activity growth slows in April.
Japan's April manufacturing expands at fastest pace since 2018.
India infections top 18 million.

Published 30 Apr, 2021 08:54pm

Markets

Oil prices to drift higher despite India demand hiccup

Demand growth seen at 5.5-6.5 million bpd in 2021.
Fifth straight upward revision to the 2021 Brent consensus.
Benchmark Brent crude to average $64.17/bbl in 2021.
US crude forecast to average $61.01/bbl this year.

Published 30 Apr, 2021 06:43pm

Markets

Oil climbs to fresh 6-week high

NEW YORK: Oil prices rose to fresh six-week highs on Thursday as strong US economic data, a weak dollar and an...

Published 30 Apr, 2021 05:06am

Markets

Oil prices rise, bullish demand outlook offsets India concerns

US refinery run rates highest since March 2020.
Oil demand could rise to 101.5 million bpd this summer – Citi.
US dollar at nine-week lows.

Published 29 Apr, 2021 05:05pm

BR Research

APL – growth in store

After wreaking havoc in FY20, the ongoing fiscal year (FY21) has been better for the oil marketing companies as...

Published 29 Apr, 2021 07:30am

Markets

Oil prices rise 2pc on fuel demand optimism

US crude stocks edge up, distillate inventories drop –EIA.
Goldman sees surge in oil demand over next six months.
OPEC+ sticks to plan to ease oil output cuts from May 1.
India's COVID-19 death toll surges past 200,000.

Published 28 Apr, 2021 09:12pm

Markets

Oil prices rise as demand outlook offsets COVID worries

OPEC+ sticks to plan to ease oil output cuts from May 1.
Goldman sees surge in oil demand over next six months.
India's COVID-19 death toll surges past 200,000.
Rystad sees 1 mln b/d demand hit in May from India COVID wave.
API shows increase in US crude inventories.

Published 28 Apr, 2021 08:12pm

Markets

Byco earns impressive net profit of Rs2.17bn in nine months

KARACHI: Pakistan's leading oil refining company, Byco Petroleum Pakistan Limited ("Byco"), reported financial...

Published 28 Apr, 2021 03:18am

Markets

Oil prices rise despite OPEC+ sticking to raising output

NEW YORK: Oil prices edged higher on Tuesday as OPEC, Russia and their allies will stick to plans to raise output...

Published 28 Apr, 2021 03:18am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	2278.33
USD PKR Interbank Buying / May 24	278.13
USD to Japanese Yen / May 24	157.02
USD to Swiss Franc / May 24	0.91
Pound Sterling to USD / May 24	1.27
Euro to USD / May 24	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 24	75408.09
Tokyo Nikkei / May 24	38646.11
Hang Seng / May 24	18551.66
FTSE 100 / May 24	8304.47
Germany DAX 30 / May 24	18617.22

Item	Value
Petrol/Litre / May 24	273.10
Crude Oil USD/Barrel / May 24	76.87
Karachi Cotton PKR/37.32 KG / May 24	19935
Gold 10 Grams PKR / May 24	205933
Gold Spot USD/Ounce / May 24	2336.82
Diesel/Litre / May 24	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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