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Oil rises on demand outlook despite China fuel reserves release

NEW YORK: Oil prices rose sharply on Monday as expectations of strong demand and a belief that a key producer group...

Published 02 Nov, 2021 05:20am

Markets

Oil rises on demand outlook, despite China fuel reserves release

LONDON: Oil prices rose sharply on Monday as expectations of strong demand and a belief that a key producer group...

Published 01 Nov, 2021 06:49pm

Markets

Oil slips towards $84, heads for weekly drop as supply concerns ease

LONDON: Oil slipped towards $84 a barrel on Friday, heading for its first weekly loss in about two months after a...

Updated 29 Oct, 2021 07:01pm

Markets

Oil drops 1% as US stockpiles sap rally

LONDON: Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and ...

Updated 27 Oct, 2021 05:36pm

Markets

Oil prices edge towards new highs on short supply

LONDON: Oil prices edged towards new multi-year highs on Tuesday, supported by a global supply shortage and strong...

Published 26 Oct, 2021 06:31pm

Markets

Oil edges up to new multi-year highs on short supply

Brent and WTI set for highest closes since Oct 2014
Wall Street in Riyadh sees lingering inflation, oil hitting $100
Q3 profits to sparkle for US shale producers without hedges

Updated 26 Oct, 2021 09:52pm

Markets

Oil rises modestly as US crude stockpiles dwindle

EIA shows expected fall in US crude stocks
Oil supplies continue to tighten worldwide

Published 20 Oct, 2021 08:07pm

Markets

Oil falls as China considers intervention to ease coal crunch

Chinese coking coal and coke futures slide
API shows larger than expected rise in US crude stocks
Market eyes EIA inventory data due later on Wednesday

Updated 20 Oct, 2021 07:06pm

Markets

Oil prices climb as COVID recovery, power generators stoke demand

LONDON: Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices...

Updated 18 Oct, 2021 06:41pm

Markets

Oil prices hit a fresh three-year high, climb over $85 a barrel

Analysts point to a sharp drop in OECD oil stockpiles to their lowest level since 2015

Updated 15 Oct, 2021 07:12pm

Markets

Oil prices climb on upgrade to IEA demand forecast

LONDON: Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gas...

Updated 14 Oct, 2021 07:11pm

Markets

Oil falls on fears inflation may dent fuel demand growth

Brent crude futures fell 70 cents, or 0.8%, to $82.72 a barrel

Published 13 Oct, 2021 10:18am

Markets

Oil whipsaws in volatile session on energy crunch fears

Energy crunch stokes inflation, economic recovery concerns
IMF lowers global growth outlook
China rust-belt province warns of shortages in energy crisis

Published 12 Oct, 2021 08:30pm

Markets

Surging oil prices lift material, energy stocks on Wall St

US stock futures pare losses, Nikkei aided by yen drop
Oil leads energy complex higher, stokes inflation risk
Dollar reaches highest on yen since late 2018

Updated 11 Oct, 2021 09:03pm

Markets

Oil rises as global energy crunch takes hold

Oil trades near recent multi-year peaks
Global energy crunch shows no signs of easing
Fuel switching and demand recovery boosts prices

Published 08 Oct, 2021 05:38pm

Markets

Oil hits multi-year high on OPEC+ restraint amid global energy crunch

OPEC+ on Monday stuck to plan for gradual supply hikes
US crude stocks rise 951,000 barrels according to API -report

Published 06 Oct, 2021 06:21pm

Markets

Oil hits three-year high after OPEC+ sticks to output plan

OPEC+ to increase output by 400,000 bpd in Nov
WTI hit 2014 highs on Monday

Published 05 Oct, 2021 07:01pm

Markets

Oil rises above $78 as OPEC+ meeting looms

OPEC and its allies meet on Monday
OPEC+ considering boosting supplies, sources say
Strengthening US dollar weighs on crude price
US oil inventories rise in weekly report

Updated 01 Oct, 2021 07:58pm

Markets

Oil falls after US inventories swell

US oil dipped $1.00 to $73.83. Brent crude for November delivery was down 62 cents at $78.02 a barrel

Published 30 Sep, 2021 06:36pm

Markets

Oil drops for a second day after rally peters out

Brent crude down 62 cents, or 0.8 %, at $78.47 a barrel

Updated 29 Sep, 2021 06:26pm

Markets

Brent oil nears $80 a barrel on tight supply

Brent crude nears three-year high
WTI hits $75 a barrel, highest since July
Goldman Sachs sees Brent at $90 a barrel by year-end

Updated 27 Sep, 2021 06:10pm

Markets

Oil falls 1% as storm-hit US supply trickles back into market

Oil falls but still set for nearly 3% weekly gain
Slow post-Ida production recovery bolsters prices
Dollar index hits 3-week high

Updated 17 Sep, 2021 08:46pm

Markets

Oil prices climb $1 after drawdown in US stocks

API shows crude, fuel stocks fell after Ida, sources say
Vaccines set to unleash pent-up oil demand, IEA says
Coming up: EIA inventory data at 1430 GMT on Wednesday

Published 15 Sep, 2021 05:38pm

Markets

Oil at one-week high as US supply concerns dominate

Impact of Hurricane Ida crimps US supply
Brent rangebound between $70 and $74 for three weeks
OPEC sees Delta coronavirus variant weighing on oil demand

Published 13 Sep, 2021 08:23pm

Markets

Oil rallies towards $73 on tight US supplies, Biden-Xi call

Biden-Xi call boosts equities, helps sentiment
About three-quarters of Gulf offshore oil output still halted
Upcoming revisions to 2022 oil demand outlook in focus

Published 10 Sep, 2021 04:45pm

Markets

Oil climbs on low US output, disruptions in Libyan ports

About 80% of US Gulf production remained offline on Tuesday
Refineries resuming operations quicker
Libya's Es Sider and Harouge ports blocked by protests: engineer
Iran's resumption of oil exports not expected in 2021: analyst

Published 08 Sep, 2021 07:40pm

Markets

Oil slides 2% on worries about weak demand

US West Texas Intermediate crude was down $1.45 or 2.1% from Friday's close at $67.84 a barrel at 1648 GMT

Updated 07 Sep, 2021 10:23pm

Markets

Oil slips as slower demand expectations weigh

Saudi Arabia cuts prices to Asia; US, Europe prices steady
China Aug crude oil imports rise as refiners resume buying
Over 80% of oil output in Gulf of Mexico still offline

Updated 07 Sep, 2021 08:35pm

Markets

Oil rises on economic recovery hopes, weaker dollar

Brent crude was up $1.25, or 1.8%, at $72.84 a barrel
Crude oil processing will probably take considerably longer to recover from the outages than crude oil production, which suggests that crude oil stocks will increase in the coming weeks," says Commerzbank

Updated 02 Sep, 2021 07:13pm

Markets

Oil price falls after gasoline stock rise

OPEC+ raise 2022 oil demand forecast, sources say
United States urges OPEC+ to boost output to ease prices
US refineries aim to restart after Hurricane Ida

Published 01 Sep, 2021 08:30pm

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	155.61
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 25	5048.42
India Sensex / Apr 25	74339.44
Tokyo Nikkei / Apr 25	37628.48
Nasdaq / Apr 25	15611.76
Hang Seng / Apr 25	17284.54
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28

Item	Value
Crude Oil USD/Barrel / Apr 25	83.77
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Gold Spot USD/Ounce / Apr 25	2331.28
Cotton US¢/pound / Apr 25	81.08
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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