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oil products

Oil products’ import on foreign suppliers’ account: Decision not materialised due to delay in notification of SOPs

ISLAMABAD: The federal government’s decision to allow import of oil products on foreign suppliers’ account through...

Updated 10 Nov, 2023 09:40am

Markets

Gasoil margins recover after two-day loss

SINGAPORE: Asia’s 10-ppm sulphur gasoil margins recovered from two straight days of losses and closed at $26.74 a...

Published 09 Feb, 2023 06:02am

Markets

Asia’s spot fuel oil market softens

SINGAPORE: Asia’s spot fuel oil market softened further on Monday, while a price cap on Russian refined oil...

Published 07 Feb, 2023 06:07am

Markets

EU seeks agreement on Russian fuel price caps

BRUSSELS: EU member states looked to reach a deal on Friday on price caps for Russian petroleum products, ahead of...

Published 03 Feb, 2023 05:39pm

Crude oil and oil products: agreement to be signed by March

ISLAMABAD: Pakistan and Russia have decided to draft an agreement on crude oil and oil products supply by late March...

Updated 21 Jan, 2023 11:41am

Markets

VLSFO premium rises as inventories decline

NEW DELHI: Asia’s very low sulphur fuel oil (VLSFO) market gained on Thursday after stocks at Singapore trading ...

Published 13 Jan, 2023 06:05am

Some oil products likely to be dropped from PPRA schedule

ISLAMABAD: The government is likely to drop some petroleum products from Schedule-1 of PPRA but furnace oil will...

Updated 16 Sep, 2022 09:49am

Markets

Gulf stocks end higher, Aramco down after trading ex-dividend

DUBAI: Middle East stock markets ended higher on Wednesday, mirroring global mood as investors diverted their...

Published 24 Mar, 2022 05:36am

Markets

Kazakhstan sharply cuts Russian fuel imports in March amid stockpiling

LONDON: Kazakhstan significantly cut Russian diesel and jet fuel purchases in March after stockpiling and amid low...

Published 24 Mar, 2022 05:36am

Markets

Oil surges as US and Britain cut off Russian crude

BENGALURU: Oil prices surged on Tuesday as the United States and Britain moved to ban Russian oil imports, a ...

Published 09 Mar, 2022 06:44am

Markets

Saudi Arabia's crude oil exports hit eight-month high in September

Saudi Arabia's crude oil exports rose in September for a fifth month in a row to their highest since January, the...

Published 19 Nov, 2021 12:26am

Markets

Oil steady as surging power fuel prices offset worries about crude demand

NEW YORK: Oil prices were flat on Wednesday as surging fuel costs for power generation offset expectations for ...

Updated 14 Oct, 2021 12:02am

Markets

Oil slides 4% on China virus curbs and strong dollar

WTI crude hits lowest since May
China reports rise in new COVID-19 cases
China's July crude imports down 20% year on year
UN panel issues dire warning on climate change

Updated 09 Aug, 2021 06:01pm

Markets

Dubai gains as UAE eases travel curbs; other markets mixed

DUBAI: Major bourses in the Gulf ended mixed on Wednesday, knocked by tensions in the region after the seizure of an...

Published 05 Aug, 2021 04:34am

Markets

Oil edges higher as tight supply outweighs virus spread

Brent crude futures rose 23 cents, or 0.3%, to $74.73 a barrel
With oil demand growth likely outpacing supply growth in the near term, we expect oil tightness over the summer, which should boost oil prices

Published 27 Jul, 2021 06:35pm

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

Oil prices firm as US inventories decline

US oil and gasoline stocks fall as fuel demand rises.
OPEC+ impasse fuels uncertainty over global supply.
Fears of rising COVID-19 cases also weigh.

Updated 09 Jul, 2021 05:07pm

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 falls with possible return of Iranian supply

US refined product demand ticking up.
Indian corona crisis weighs on demand outlook.
UBS sees oil price at $75/bbl in H2.

Published 20 May, 2021 08:35pm

Business & Finance

SOCAR, Rosneft tie-up on fuel supplies to Ukraine, other countries

The deal is likely to pave way for the resumption of Rosneft's exports of fuel to Ukraine, which has faced with the prospects of diesel shortages.
The operations were halted after a ruling by Kiev's Supreme Anti-Corruption Court led to the seizure of diesel, owned by the Swiss-based trader, that was in the pipeline from Russia.

Published 17 May, 2021 07:43pm

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

BR Research

Petroleum consumption on the rise

Apart from the revival of economic activity in FY21 so far, two factors in April have been the driving force behind...

Published 05 May, 2021 07:30am

Markets

Oil steadies as dollar slumps but pandemic surge weighs

Brent crude was down 4 cents, at $66.73 a barrel.
With oil priced in dollars, a softer greenback could spur demand from holders of other currencies.

Published 19 Apr, 2021 08:20pm

Markets

Oil prices rise after robust China data, Middle East tension

US crude stockpiles seen down for third week -Reuters poll.
OPEC ups 2021 oil demand forecast.
Coming up: API inventory data at 2030 GMT.

Published 13 Apr, 2021 08:34pm

Markets

Ukraine turns to sea-borne diesel imports as tensions rise with Russia

Tensions between Russia and Ukraine have flared in recent weeks after years of strain began in 2014 when street protests in Kyiv resulted in the flight of the pro-Moscow president and annexation of Crimea by Russian forces.
The data also showed that the Serena M tanker shipped 30,000 tonnes of diesel to the port of Yuzhny from Turkey in the second half of March.

Published 05 Apr, 2021 07:43pm

Markets

Belarus to ship 280,000 tonnes of oil products via Russian ports in April

Belarus has exported 220,000 tonnes of oil products to Russia since shipments began in March, Russian Prime Minister Mikhail Mishustin said separately on Monday.
The shipments were scheduled to start from March, totalling 2 million tonnes this year, 3.2 million tonnes next year and 3.1 million tonnes in 2023.

Published 05 Apr, 2021 05:41pm

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

OPEC+ compliance with oil cuts rises to 113pc in February

Compliance from members of the Organization of the Petroleum Exporting Countries reached 124%, a figure which includes the additional voluntary cut from Saudi Arabia, said one of the sources.
Compliance from non-OPEC members in the alliance reached 94%, the source added.

Published 22 Mar, 2021 10:07pm

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 falls 4pc as dollar rises and vaccine rollout stalls

Benchmarks fall for fifth session to two-week lows.
US stockpiles may grow more after WTI flip into contango.
Stronger dollar adds further pressure to oil prices.

Published 18 Mar, 2021 09:07pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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