Trends - Oil - Business Recorder

Oil

Oil jumps on weather concerns in Gulf of Mexico

• Market braces for extra 1m bpd Iran supplies in H2 NEW YORK: Oil prices jumped 2% on Friday after three days of...

Published 22 May, 2021 04:05am

PPL, OGDCL: Divestment of shares deferred by CCoP

ISLAMABAD: A meeting of the Cabinet Committee on Privatization (CCoP) has deferred divestment of government shares ...

Published 22 May, 2021 04:05am

Markets

Oil edges up but set for weekly fall on Iran crude talks

Sultan Ahmed Al Jaber, chief executive of the Abu Dhabi National Oil Co, said on Thursday that oil demand has risen to 95 million bpd.

Published 21 May, 2021 12:02pm

Markets

Asia fuel oil: VSLFO market nudges higher as Singapore inventories retreat

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) market complex edged higher on Thursday, after steep...

Published 21 May, 2021 05:04am

Markets

Oil falls 2pc on possible return of Iranian supply

• India’s top refiner to buy Iranian oil if sanctions lifted • OPEC says IEA net-zero pathway could add to...

Published 21 May, 2021 05:04am

Markets

Brent oil may bounce to $67.89

The pattern from the March 8 high of $71.38 may turn out to be double-top or a flat or a triangle. It is still too early to confirm any of them.

Published 20 May, 2021 01:01pm

Markets

Asia’s VLSFO market moves up, Fujairah stocks up

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) market complex edged higher on Wednesday, halting sharp...

Published 20 May, 2021 04:26am

Indian, European refiners get ready to buy Iranian oil

NEW DELHI/LONDON: Indian refiners and at least one European refiner are re-evaluating their crude purchases to make...

Published 20 May, 2021 04:26am

Markets

Oil prices drop $2 on COVID-19 rise in Asia, inflation fears

Prices fell even though U.S. data showed a smaller-than-expected build in crude inventories and a bigger-than-expected decline in gasoline stockpiles.

Published 19 May, 2021 10:09pm

Markets

Oil prices fall on rising COVID-19 infections in Asia, inflation fears

"The Fed's very serious (about holding rates low), but the market's speculating about earlier movement," he said.

Published 19 May, 2021 02:55pm

Markets

Brent oil neutral in $67.14-$68.76 range

As far as the longer-term outlook is concerned, oil looks neutral in a range of $66.29-$70.75, within which the consolidation has lasted for two weeks.

Published 19 May, 2021 12:06pm

Markets

World oil slides

NEW YORK: Oil slid nearly 2% on Tuesday, tumbling from a two-month high, after media reports said the United States...

Published 19 May, 2021 06:00am

Markets

Asia fuel oil

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) extended losses on Tuesday, hammered by plentiful ...

Published 19 May, 2021 06:00am

Markets

Oil rises as US, Europe reopen economies

"Some expectations that negotiations between Iran and the United States may lead to a resumption of Iranian oil exports is limiting the upside of oil prices," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

Published 18 May, 2021 11:07am

Markets

Oil climbs on economic recovery hopes despite fresh Asian restrictions

• US gasoline prices climb even as Colonial reopens after hack NEW YORK: Oil prices rose more than 1% on Monday,...

Published 18 May, 2021 05:05am

Markets

Oil eases as Asia's COVID-19 restrictions dampen sentiment

In the Middle East, Israel and Gaza's ruling Hamas militant group faced mounting international calls for a ceasefire in hostilities that entered their second week on Monday with no end in sight.

Published 17 May, 2021 03:28pm

Markets

Brent oil may revisit May 14 low of $66.50

On the daily chart, the rise during the previous trading session was due to a support at $66.29.

Published 17 May, 2021 11:50am

Oil demand drops as virus surges: IEA

PARIS: Oil demand dropped last month as the coronavirus surged in India and elsewhere, the IEA said Wednesday, in a...

Published 13 May, 2021 03:10am

Markets

Oil prices on track for eight-week high on demand hopes

NEW YORK: Oil prices rose more than 1% on Wednesday, putting the contracts on track for their highest close in ...

Published 13 May, 2021 03:10am

Markets

Chinese edible oils at multi-year highs

SHANGHAI: Chinese edible oil futures rallied to multi-year highs on Wednesday ahead of a US report on global...

Published 13 May, 2021 03:10am

Markets

US oil may retest support at $63.88

The current correction could complete around $61.79, as suggested by a possible triangle.

Published 12 May, 2021 12:30pm

Markets

Brent oil may retest support at $67.33

Wave pattern suggests a downside bias. The resistance at $70.75 triggered a decent correction on March 8. It may cause a shallower one this time.

Published 12 May, 2021 12:27pm

Markets

Asian markets suffer further as inflation data looms

Asian markets were broadly down for a second day. Tokyo extended Tuesday's more than three percent plunge, while Taipei's tech-rich bourse tumbled more than two percent.

Published 12 May, 2021 11:22am

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 dips as pipeline outage fears ease, India weighs

Colonial aims to substantially restore operations by end-week.
COVID-19 outbreak hits India's fuel demand.
OPEC monthly report due 1120 GMT.

Published 11 May, 2021 04:27pm

Markets

Brent oil may test support at $67.33

On the daily chart, the gain on Monday proved to be a short-lived bluff by bulls. Market sentiment looks mixed, while oil is consolidating around $68.43.

Published 11 May, 2021 12:25pm

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

Sales tax on kerosene oil reduced

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced sales tax from 17 percent to 15.44 percent on Kerosene oil...

Published 11 May, 2021 04:39am

Markets

Oil gains after cyberattack forces shutdown of US fuel pipelines

Brent crude was up by 69 cents, or 1%, at $68.97 a barrel by 1137 GMT. US WTI crude rose by 61 cents, or 0.9%, to $65.51.

Published 10 May, 2021 04:43pm

Markets

US oil may rise to $66.52

On the daily chart, a resistance zone of $65.65-$66.60 triggered the second correction, which looks too shallow to complete.

Published 10 May, 2021 11:13am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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