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oil producer

Oil dips after hitting $75 a barrel on strong demand outlook

Brent hits $75 a barrel for first time since April 2019.
Rally supported by expectations for global demand recovery.
OPEC+ discussing further gradual production increase.

Published 22 Jun, 2021 09:33pm

Markets

Oil prices firm on summer demand as Iran talks drag

Iran nuclear talks paused after hardliner wins presidency.
Oil prices on both sides of Atlantic up for four weeks.
Pick-up in northern hemisphere travel boosts prices.

Published 21 Jun, 2021 05:02pm

Markets

Oil falls 1pc amid dollar strength; demand picture still bullish

Brent crude futures were down 86 cents, or 1.2%, at $72.22 a barrel.
The bullish trend in oil remains intact, thanks to optimism surrounding the demand outlook. The dollar may well be strengthening but the fundamental picture for oil hasn't changed.

Published 18 Jun, 2021 06:34pm

Markets

Oil hits new high near $75 on demand rise, falling inventories

Brent hits $74.73, highest since April 2019.
API says US crude stocks drop 8.5 million barrels – sources.
Coming Up: EIA supply report, 1430 GMT.

Published 16 Jun, 2021 05:03pm

Markets

Oil trades at multi-year highs on demand expectations

Brent crude rose 78 cents, or 1.1%, at $73.64 a barrel.
We have had those stock draws for a couple months, the market is heading in the right direction.

Published 15 Jun, 2021 07:38pm

Markets

Oil prices retreat but outlook remains positive

As oil is priced in dollars, a stronger greenback makes crude more expensive for buyers with other currencies.
China's crude imports were down 14.6% in May on a yearly basis also weighed on prices.

Published 08 Jun, 2021 09:02pm

Markets

Oil hits two-year high above $72 on OPEC+ discipline, demand hopes

Brent hits $72.17, highest since May 2019.
Slow inoculation and surging infections renew demand concerns US job growth picks up in May.

Published 04 Jun, 2021 08:44pm

Markets

Oil extends gains on OPEC+ discipline and demand hopes

Brent hit $71.99 on Thursday for highest since May 2019.
Slow inoculation and surging infections renew demand concerns.
Coming up: US non-farm payrolls, 1230 GMT.

Published 04 Jun, 2021 06:30pm

Markets

Oil inches higher as upbeat demand outlook counters supply concerns

Brent, WTI set to close the week with 5%-6% gains.
OPEC+ likely to stick to existing policy.
Worries over impact of Iranian supply return ease.

Published 28 May, 2021 06:35pm

Markets

Canada's Suncor Energy aims to boost oil output while cutting emissions one-third

Fossil fuel companies, and especially producers in Canada's high-carbon oil sands, face growing pressure from investors and lenders to cut emissions.
Canadian Prime Minister Justin Trudeau has set a goal of dropping national emissions by 40-45% by 2030, and reaching net-zero emissions for the country by 2050.

Published 26 May, 2021 08:05pm

Markets

Oil near one-week high as prospect of Iran glut wanes

Brent crude futures were down 30 cents, or 0.4%, at $68.16 a barrel by 1004 GMT, having jumped 3% on Monday. US West Texas Intermediate futures were off 42 cents, or 0.6%, at $65.63 a barrel, after gaining 3.9% the previous session.
Still, the global recovery from the COVID-19 pandemic is patchy, indicating a mixed outlook for oil demand.

Published 25 May, 2021 05:18pm

Markets

Oil jumps but set for weekly loss on Iran nuclear talks

Iran's Rouhani says US will lift sanctions.
Market braces for extra 1 mln bpd Iran supplies in H2.
Front-month prices set for biggest weekly loss since March.

Published 21 May, 2021 08:52pm

Markets

Oil prices steady on hopes for economic recovery

Fresh restrictions imposed in Asia to curb pandemic
China April crude throughput slows from peak
British economy reopens after four-month lockdown
Recovery of US pipeline network eases supply concerns.

Published 17 May, 2021 08:50pm

Markets

Oil on track for 9-week high on rising demand outlooks

Brent futures rose $1.09, or 1.6%, to $69.64 a barrel.
US West Texas Intermediate (WTI) crude rose $1.08, or 1.7%, to $66.36.
India's coronavirus death toll crossed 250,000 in the deadliest 24 hours since the pandemic began.

Updated 12 May, 2021 07:32pm

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

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

Business & Finance

Chevron profit drops on weaker refining margins, storm hit

Chevron, the second-largest US oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.
Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.

Published 30 Apr, 2021 06:48pm

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 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

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

Oil rises to $66 ahead of OPEC+ meeting, India weighs

OPEC+ brings forward monitoring meeting to Tuesday.
India's total COVID-19 deaths near 200,000.
Iran nuclear talks due to resume on Tuesday.
Coming up: API oil inventory report, 2030 GMT.

Published 27 Apr, 2021 06:52pm

Markets

Oil prices dip on mixed supply and demand outlook

Brent crude futures for June fell 32 cents, or 0.32%, to $62.88 a barrel.
Both contracts are on track for a 2%-3% drop this week but still far from a low of $60.47 hit two weeks ago. Exerting downward pressure is the decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to increase supplies by 2 million barrels per day between May and July.

Published 09 Apr, 2021 07:35pm

Markets

Oil rises on hopes for stable OPEC+ output, fears of long disruption at Suez Canal

Brent oil rose 58 cents, or 0.9%, to $65.15 a barrel.
Both contracts had fallen more than $1 earlier in the session.
The huge container ship blocking Egypt's Suez Canal for nearly a week has been partially refloated, the Suez Canal Authority (SCA) said.

Published 29 Mar, 2021 06:13pm

Markets

Oil prices rise on fears Suez blockage may last weeks

Brent, WTI rise about 2% but set for 3rd weekly loss.
Ship blocking Suez may take weeks to free-salvage firm.
Shipping rates rise, oil and gas tankers diverted.
- UAE's ADNOC deepens supply cuts to Asia in June –sources.

Published 26 Mar, 2021 05:16pm

Markets

Oil rises as Suez Canal ship runs aground, demand fears weigh

API says US crude inventories rise 2.9 million barrels.
Germany's Merkel says drops plan for stricter Easter shutdown.
Sentiment still bearish after other pandemic curbs in Europe.
Ship in blocked convoy in Suez Canal on move- source and witness.

Published 24 Mar, 2021 08:20pm

Markets

Oil prices edge higher after sell-off driven by demand concerns

Brent crude was up 31 cents, or 0.5%, at $63.59 a barrel.
Oil closed about 7% down on Thursday as several large European economies reimposed lockdowns and vaccination programmes were slowed by distribution issues and concerns over potential side effects.

Published 19 Mar, 2021 09:05pm

Markets

Oil prices steady after sell-off driven by demand fears

Brent crude was up 2 cents at $63.30 a barrel.
WTI US crude rose 15 cents, or 0.3%, to $60.15. Both traded within a wide range of more than $2 a barrel on Friday.

Published 19 Mar, 2021 06:22pm

Markets

Oil falls as inventories rise and vaccine rollout stalls

Brent crude fell 50 cents, or 0.74%, to $67.50 a barrel by 1150 GMT after dropping 0.82% on Wednesday.
Short-term developments - stuttering vaccine rollouts and the build in US oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging.

Published 18 Mar, 2021 05:22pm

Markets

Oil steady near $70 on hopes of recovering demand

Gasoline demand expected to jump during summer.
US crude output to grow this year, JP Morgan says.
OPEC sees stronger oil demand recovery in second half.

Published 12 Mar, 2021 08:14pm

Markets

Oil prices broadly stable ahead of OPEC+ meeting

OPEC+ ministers meet on Thursday, future Saudi output unclear.
US crude inventories surge, fuel stocks fall –EIA.
Yemen's Houthis say they fired missile at Saudi Aramco site.

Published 04 Mar, 2021 07:29pm

Gainers
Losers
Leaders

Stock	Price
Kohinoor Energy / Nov 30 Kohinoor Energy Limited(KOHE)	38.59 ▲ 2.69 (7.49%)
Pak Engineering / Nov 30 Pakistan Engineering Company Limited(PECO)	433.00 ▲ 27.01 (6.65%)
NBP PGETF / Nov 30 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	10.79 ▲ 0.54 (5.27%)
Pervez Ahmed Co / Nov 30 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.18 ▲ 0.05 (4.42%)
Kohat Cement / Nov 30 Kohat Cement Company Limited(KOHC)	188.89 ▲ 6.68 (3.67%)
Leather Up Ltd. / Nov 30 Leather Up Limited(LEUL)	14.50 ▲ 0.50 (3.57%)
Nishat Power / Nov 30 Nishat Power Limited(NPL)	18.49 ▲ 0.60 (3.35%)
Meezan PakistanXD / Nov 30 Meezan Pakistan ETF(MZNPETF)	9.10 ▲ 0.29 (3.29%)
P.I.A.C.(A) / Nov 30 Pakistan International Airlines Corp(PIAA)	4.32 ▲ 0.13 (3.10%)
Punjab Oil / Nov 30 Punjab Oil Mills Limited(POML)	185.00 ▲ 5.49 (3.06%)

Stock	Price
Pak TobaccoXD / Nov 30 Pakistan Tobacco Company Limited(PAKT)	1005.00 ▲ -77.45 (-7.16%)
Masood Textile / Nov 30 Masood Textile Mills Limited(MSOT)	44.02 ▲ -3.17 (-6.72%)
Jahangir Sidd(Pref) / Nov 30 Jahangir Sidd(Pref)(JSCLPSA)	8.35 ▲ -0.27 (-3.13%)
National Foods / Nov 30 National Foods Limited(NATF)	158.00 ▲ -1.55 (-0.97%)
Power Cement / Nov 30 Power Cement Limited(POWER)	6.76 ▲ -0.02 (-0.29%)
Nishat Mills Ltd / Nov 30 Nishat Mills Limited(NML)	90.27 ▲ -0.13 (-0.14%)
Mod.Al-Mali / Nov 30 Modaraba Al-Mali(MODAM)	10.40 ▲ -0.01 (-0.10%)
Pak Oilfields / Nov 30 Pakistan Oilfields Limited(POL)	355.51 ▲ -0.02 (-0.01%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	79.24 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	740.00 ▼ 0.00 (0.00%)

Stock	Volume
Fauji Food (R) / Nov 30 Fauji Food Limited (R)(FFLR1)	2,058,000 ▼ 0.00
Kot Addu Power / Nov 30 Kot Addu Power Company Limited(KAPCO)	1,935,000 ▼ 0.00
Telecard Limited / Nov 30 Telecard Limited(TELE)	1,147,500 ▼ 0.00
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	1,007,500 ▼ 0.00
Oil & Gas Dev. / Nov 30 Oil & Gas Development Company Limited(OGDC)	865,688 ▼ 0.00
Treet Corp / Nov 30 Treet Corporation Limited(TREET)	836,000 ▼ 0.00
TRG Pak Ltd / Nov 30 TRG Pakistan Limited(TRG)	805,988 ▼ 0.00
Maple Leaf / Nov 30 Maple Leaf Cement Factory Limited(MLCF)	777,537 ▼ 0.00
F. Nat.Equities / Nov 30 First National Equities Limited(FNEL)	687,000 ▼ 0.00
P.S.O. / Nov 30 Pakistan State Oil Company Limited(PSO)	671,204 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	176.40
USD PKR Interbank Buying / Nov 30	176.20
USD to Japanese Yen / Nov 30	113.66
USD to Swiss Franc / Nov 30	0.92
Pound Sterling to USD / Nov 30	1.33
Euro to USD / Nov 30	1.13
UK LIBOR % / Nov 30	0.07

Stock	Volume
S&P 500 / Nov 30	4655.27
India Sensex / Nov 30	57260.58
Tokyo Nikkei / Nov 30	28605.38
Nasdaq / Nov 30	15782.84
Hang Seng / Nov 30	23694.33
FTSE 100 / Nov 30	7109.95
Dow Jones / Nov 30	35135.94
Germany DAX 30 / Nov 30	15280.86
France CAC40 / Nov 30	6776.25

Item	Value
Crude Oil / Nov 30	70.89
Karachi Cotton Assoc. / Nov 30	17680.00
Gold 10 Grams / Nov 30	101700.00
Gold Spot / Nov 30	1788.35
Cotton / Nov 30	109.70

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