Trends - Oil prices - Business Recorder

Oil prices

Oil gains on continued OPEC+ cuts and US stocks draw

OPEC+ expects oil market deficit despite weaker demand.
Brent hits highest since February 2020.
US crude stockpiles fall, gasoline inventories surge –EIA.
US weekly jobless claims fall more than expected.

Published 04 Feb, 2021 08:14pm

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

Oil rises to near 1-year highs

NEW YORK: Oil prices rose almost 2% on Wednesday and hovered near their highest levels in about a year, after...

Published 04 Feb, 2021 04:13am

Markets

Oil jumps 2pc, hits highest in a year as producers limit supply

NEW YORK: Oil prices rose more than 2% on Tuesday, reaching their highest in 12 months after major producers showed...

Published 03 Feb, 2021 04:35am

Markets

Oil jumps 2pc, hits highest in year as producers limit supply

The U.S. and global benchmarks rallied as optimism about more U.S. economic stimulus added to market bullishness from supply cuts.

Published 03 Feb, 2021 12:05am

Markets

Oil prices reach highest in nearly a year as producers restrain output

UBS sees Brent at $63 mid-year, Goldman predicts $65.
BP cites declining product demand and retail sales.

Published 02 Feb, 2021 08:54pm

Markets

US oil producer ConocoPhillips fourth-quarter loss narrows

The company's adjusted loss shrank to $201 million, or 19 cents per share, in the fourth quarter ended Dec. 31, from $331 million, or 31 cents per share, in the third quarter.

Published 02 Feb, 2021 05:10pm

Markets

Oil prices extend rally as producers restrain output

However, energy giant BP flagged a difficult start to 2021 amid declining product demand, noting that January retail volumes were down by around 20% year on year, compared with a decline of 11% in the fourth quarter.

Published 02 Feb, 2021 03:28pm

Markets

Oil rises 2pc as U.S. inventories fall and demand picks up

U.S. oil and gas drillers are gearing up for a pick-up in demand. As higher prices make new wells profitable again, they added rigs for a sixth month in a row in January.

Published 01 Feb, 2021 11:54pm

Markets

Oil treads warily higher amid patchy vaccine rollouts, new coronavirus variants

"Europe and Latin America will lag, largely a reflection of softer economic recovery in key markets in these regions," it said.

Published 01 Feb, 2021 12:16pm

Markets

Oil rises but remains rangebound as OPEC cuts offset virus fears

SINGAPORE: Oil prices edged up in Asian trade on Friday but traded in a tight range as demand concerns caused by new...

Published 30 Jan, 2021 03:55am

Technology

Chevron falls to fourth-quarter loss on weak refining, charges

Oil companies are expected to benefit from a bounce-back in oil and gas prices after a one-two punch of falling demand and prices put the industry in a tailspin last year.
While we're optimistic about vaccines and getting on a pathway to recovery, we're not there right now,

Published 29 Jan, 2021 07:49pm

Markets

Oil rises as US oil stockpiles drop, new Chinese COVID-19 cases decline

Official data showed 75 new confirmed cases of COVID-19 on Wednesday, the lowest daily rise since Jan. 11.

Published 27 Jan, 2021 10:19am

Markets

Oil prices slide as virus cases rise, demand worries persist

NEW YORK: Oil prices eased on Tuesday as coronavirus cases globally continued to rise, but losses were capped amid...

Published 27 Jan, 2021 04:59am

World

Saudi economy forecast to grow 2.6pc this year: IMF

Saudi Arabia itself has estimated its economy could swing back to growth of 3.2% this year after a 3.7% contraction in 2020.
The IMF said that multiple vaccine approvals and the launch of vaccinations in some countries in December had boosted hopes of an eventual end to the pandemic.

Published 26 Jan, 2021 07:35pm

Markets

Oil prices tick up alongside European shares, Saudi blast reports

Blast heard in Saudi capital Riyadh, cause unclear.
Chemical, financial equities lift European indices.
Data suggests OPEC+ supply cut compliance improving.

Published 26 Jan, 2021 05:45pm

Markets

Oil prices steady as lockdowns curb US stimulus optimism

US lawmakers to debate massive stimulus package.
China reports rise in new coronavirus cases.
Indonesia seizes Iran-flagged vessel over fuel transfer.
Libya guards halt exports in pay dispute.

Published 25 Jan, 2021 05:57pm

Markets

Oil prices fall

LONDON: Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries ...

Published 23 Jan, 2021 03:56am

Pakistan

Passing oil prices impact unavoidable to avert further debt burden: PM

He said the devaluation of rupee impacted the prices of petroleum products, pulses, ghee and other imported items raising the inflation rate.

Published 22 Jan, 2021 11:49pm

Markets

Asian markets step back from stimulus-driven record highs

The greenback's recent slide has been led by investors ploughing money into higher-yielding currencies on optimism about a rapid economic recovery led by massive US stimulus.

Published 22 Jan, 2021 11:37am

Markets

Oil dips after unexpected build in US crude stockpiles

NEW YORK: Oil prices slipped on Thursday after industry data showed a surprise increase in US crude inventories that...

Published 22 Jan, 2021 04:47am

Markets

Oil prices up

NEW YORK: Oil rose on Wednesday on expectations that US President Joe Biden’s administration will deliver massive...

Published 21 Jan, 2021 04:23am

World

'Act big' now to save economy, worry about debt later, Yellen says in Treasury testimony

She also received the endorsement of all former Treasury secretaries, from George Schultz to Jack Lew, who urged senators in a letter to swiftly confirm Yellen's nomination.

Published 20 Jan, 2021 12:09pm

Markets

Oil prices climb

• IEA cuts 2021 oil demand outlook, but sees upturn in H2 NEW YORK: Oil prices climbed with US stock markets on...

Published 20 Jan, 2021 04:29am

Markets

European stocks slip

MILAN/FRANKFURT: European stocks inched lower on Monday as French retailer Carrefour tumbled after ending 16.2...

Published 19 Jan, 2021 04:22am

Markets

World oil prices fall slightly

LONDON: Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world...

Published 19 Jan, 2021 04:22am

Business & Finance

Russian rouble slumps

MOSCOW: The rouble slumped on Monday, dragged down by weak oil prices and as investors weighed the risk of new...

Published 19 Jan, 2021 04:22am

Markets

Oil slips on coronavirus fears, strong dollar

Brent crude was down 23 cents, or 0.4pc, at $54.87 per barrel at 1720 GMT, and West Texas Intermediate U.S. crude fell 19 cents, or 0.4pc, to $52.17.

Published 19 Jan, 2021 12:39am

Markets

Oil mixed as Chinese data offsets coronavirus fears

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 04:44pm

Markets

Oil drops 1% as rising coronavirus cases end supply-led rally

"Shale producers have indicated they will continue to keep their spending under control," ANZ Research said in a note. "The economics also don't favour a surge in drilling, with half of the industry still uneconomical."

Published 18 Jan, 2021 11:53am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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