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Americas Energy

Oil markets fret over supply shock as some buyers shun Russia

LONDON: While the West debates potential restrictions on Russian oil and gas, there are signs some buyers are...

Published 08 Mar, 2022 07:35pm

Energy

Iran's fuel reaches Venezuelan stations, fifth tanker headed to Caribbean

 As authorities in the country - which had enjoyed the world's cheapest gasoline for two decades - prepare to expand

Updated 09 Nov, 2021 12:38pm

Energy

Oil surges 5pc on US-China trade optimism, falling crude output

 US/Canadian oil &amp; gas rig count falls to record low 
 WTI posts record monthly gain of 88% 
 Brent up 40%

Published 29 May, 2020 08:00pm

Energy

Oil marketing firm Eighty-Eight oil declares force majeure

 The company declared force majeure after producers selling oil to them shut production, causing Eighty-Eight to be

Published 29 May, 2020 06:43pm

Energy

US/Canadian oil & gas rig count falls to record low

 The Canadian rig count fell by one to an all-time low of 20 this week, according to Baker Hughes. 
 That was 65

Published 29 May, 2020 06:05pm

Energy

US natural gas futures fall 3pc on big storage build, lower demand

 The US Energy Information Administration (EIA) said utilities injected 109 billion cubic feet (bcf) of gas into sto

Published 28 May, 2020 08:29pm

Energy

Fed's Kaplan sees global oil glut lasting well into 2021

 We think it will take probably until sometime in the second half of 2021, depending on economic growth, to work off

Published 28 May, 2020 08:00pm

Energy

Oil rises as higher US refinery rates offsets surprise crude build

 US crude stocks up 7.9 mln bbls, vs 1.9 mln-bbl draw forecast 
 US refinery runs rise, gasoline stocks unexpecte

Published 28 May, 2020 07:50pm

Energy

US natgas futures little changed ahead of weekly storage report

 Refinitiv slightly reduced its demand projections for the next two weeks, including exports, to 78.4 bcfd from 78.5

Published 28 May, 2020 03:05pm

Energy

US natgas futures edge up on higher cooling demand, slowing output

Analysts said they expect LNG buyers will cancel dozens of additional cargoes over the summer since US gas forwards

Published 22 May, 2020 07:00pm

Energy

US natgas futures little changed as falling output offset demand decline

Analysts expect those buyers will cancel dozens of additional cargoes over the summer since US gas forwards are tra

Published 22 May, 2020 03:35pm

Energy

US energy regulators authorize AGDC's proposed Alaska LNG project

"Today's federal authorization is a key step in determining if Alaska LNG is competitive and economically beneficia

Published 21 May, 2020 06:58pm

Energy

US natgas futures slip on weaker demand and export forecasts

The US Energy Information Administration (EIA) said utilities injected 81 billion cubic feet (bcf) of gas into stor

Published 21 May, 2020 02:56pm

Energy

US Cash Products-Chicago gasoline rises on refiner demand

Chicago CBOB gasoline gained 1.5 cents, trading 7.5 cents per gallon below gasoline futures on the New York Mercant

Published 20 May, 2020 09:28pm

Energy

US natgas futures slip 3pc as demand and exports decline

Front-month gas futures for June delivery on the New York Mercantile Exchange fell 5.9 cents, or 3.2%, to settle at

Published 20 May, 2020 08:43pm

Energy

Oil gains, stocks rally on renewed recovery hopes

Nasdaq 5% from all-time high as Amazon, Facebook hit records Recovery hopes drive higher prices in oil, equity

Published 20 May, 2020 08:26pm

Energy

Oil rises on lower US stocks, firmer demand

Brent crude futures were up 63 cents, or 1.8%, at $35.28 per barrel at 1:20 p.m. ET (1720 GMT) while July US crude

Published 20 May, 2020 07:32pm

Energy

Trump administration abruptly postpones New Mexico oil and gas auction

The parcels that were scheduled for sale are in New Mexico's southeast corner, overlaying part of the sprawling Per

Published 20 May, 2020 06:54pm

Energy

Argentina sets local crude oil price at $45 per barrel to shield domestic sector

Argentina was planning to set a higher local oil barrel price after oil demand collapsed around the world due to th

Published 19 May, 2020 01:10pm

Energy

PBF sees slow refining rebound as US gasoline demand creeps higher

The gasoline crack spread, which drifted negative in March as the coronavirus pandemic sharply cut air and road tra

Published 15 May, 2020 05:12pm

Energy

Brazil's Petrobras sees no need to reduce oil production, cites resilient overseas demand

On the same call, Downstream Chief Anelise Lara credited the firm's strong relationship with independent refineries

Published 15 May, 2020 04:13pm

Energy

Chevron says profits jump on asset sales, cuts 2020 spending plans again

Oil companies are cutting output and spending while people globally shelter at home for an indefinite period and oi

Published 01 May, 2020 12:30pm

Energy

Exxon posts quarterly loss on $3bn writedown

Oil giants have largely reported losses because of weaker margins and writedowns from an oil glut that has has sent

Published 01 May, 2020 12:28pm

Energy

US crude stocks up less than expected, gasoline inventories fall

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 3.6 million barrels in the last week, EIA said. US

Published 29 Apr, 2020 03:47pm

Energy

US oil futures end in positive territory at $10.01/barrel

But WTI futures for delivery in June plunged 43 percent to $11.57 a barrel, the lowest ever since the contract was

Published 21 Apr, 2020 10:29pm

Energy

US crude oil prices at 19-year lows

Trump unveils plans to end coronavirus shutdown US drillers slash most oil rigs since Feb 2015 -Baker Hughes

Published 17 Apr, 2020 08:03pm

Energy

Mexico says US to help it make oil cuts aimed at global reduction

Lopez Obrador said Mexico, which is an OPEC ally, had been pressed to make cuts of 400,000 barrels per day (bpd), b

Published 10 Apr, 2020 08:40pm

Energy

US natgas futures rise to 4-week high on cool forecasts and slowing output

Front-month gas futures for May delivery on the New York Mercantile Exchange rose 3.7 cents, or 2.0pc, to $1.889 pe

Published 08 Apr, 2020 04:51pm

Energy

Oil prices rise on stimulus package, fuel demand sinks

US Congress near deal on $2 trillion stimulus package Vitol sees oil demand down 15 million-20 million bpd

Published 25 Mar, 2020 06:51pm

Energy

US drillers this week cut most oil rigs since April: Baker Hughes

Drillers cut 19 oil rigs in the week to March 20, the deepest weekly cut since April 2019, bringing the total count

Published 20 Mar, 2020 09:25pm

Energy

Oil selloff resumes; set for steepest weekly fall since 2008

Brent and WTI on track for fourth straight weekly falls Trump will enter Saudi-Russia price war 'at appropriat

Published 20 Mar, 2020 08:55pm

Energy

As virus destroys fuel demand, global refiners prepare run cuts

Margins for producing transportation fuels turned negative in Europe and Asia, and briefly did the same in the Unit

Published 17 Mar, 2020 08:33pm

Energy

Husky Energy posts quarterly loss on C$2.3bn in charges

The company said the impairment charges on the assets, which include its Sunrise Energy Project, were primarily rel

Published 27 Feb, 2020 01:08pm

Energy

Oil slips for 3rd day as virus fears outweigh supply cuts

Concern about the demand impact from the virus has pushed Brent down by almost $10 a barrel this year despite the s

Published 25 Feb, 2020 10:37pm

Energy

Oil retreats in face of renewed coronavirus uncertainties

China reports uptick in new coronavirus cases Japan factory activity shrinks at fastest pace since 2012 R

Published 21 Feb, 2020 02:39pm

Energy

Oil prices set for first weekly increase in six

Investors eye potential OPEC+ cuts to limit supply surplus Oil glut, stronger rouble strengthen case for Russi

Published 14 Feb, 2020 09:15pm

Commodities

Oil near flat as Russia needs time to mull more OPEC+ supply cuts

Russia says it needs time to decide on oil output cuts Oil on track for fifth consecutive week of losses

Published 07 Feb, 2020 08:23pm

Energy

Oil producer Hess boosts 2020 spending on Guyana, Bakken ramp-up

The company said its 2020, exploration and production capital and exploratory budget will be $3 billion. The p

Published 28 Jan, 2020 02:18pm

Energy

Oil drops more than 2pc, heads for weekly loss on China virus fears

China virus threatens oil demand Brent set for 6% loss this week, US crude slumps 7.5% Drop in US crude i

Published 24 Jan, 2020 08:12pm

Energy

Oil climbs after five days of losses ahead of US-China trade pact

Oil prices climbed on Tuesday after five days of declines as the United States and China prepared. In addition

Published 14 Jan, 2020 11:00pm

Energy

US LNG exports soar in 2019 but supply glut may await in 2020

LNG is seen as an alternative for Asian countries that have relied on coal-fired power plants. LNG exports have sur

Published 30 Dec, 2019 12:28pm

Energy

Oil at highest since Sept on trade hopes, US crude supplies

US West Texas Intermediate crude also gained 48 cents, to $61.59. The roughly 17-month trade war between the w

Published 26 Dec, 2019 06:48pm

Energy

Energean gets extra year to explore Montenegro's offshore oil and gas blocks

Considering that the concessionaire needed more time for additional research and that he fulfilled all obligations

Published 20 Dec, 2019 04:27pm

Energy

Oil steadies on US crude inventories fall, demand hopes

US crude stockpiles drop, products higher -EIA US-China Phase 1 trade deal should boost demand Deeper cut

Published 18 Dec, 2019 08:50pm

Energy

Oil rises further above $65 on trade hopes, supply cuts

U.S.-China Phase 1 trade deal supports prices, Fed's Kaplan says trade issues with China to go on for years OP

Published 17 Dec, 2019 07:40pm

Energy

Oil nears 3-month high as trade hopes, UK election boost sentiment

US-China agreed to roll back some tariffs, Brent/WTI hit highest since Sept. 17, WTI reaches $60/bbl. Conserva

Published 13 Dec, 2019 10:10pm

Energy

Oil rises 1pc on Trump's optimism for a deal with China

Brent crude futures rose 76 cents, or 1.2%, to $64.48 a barrel by 1 p.m. EST. West Texas Intermediate crude future

Published 12 Dec, 2019 09:10pm

Energy

US natgas futures rise ahead of storage report with colder weather coming

The decrease would cut stockpiles to 3.515 trillion cubic feet (tcf), 0.5pc below the five-year average of 3.532 t

Published 12 Dec, 2019 02:11pm

Energy

Brazil's Petrobras boosts oil production, abandons refinery plans amid upstream push

Petrobras said the firm would produce more than 2.7 million barrels of oil equivalent per day (boepd) in 2019.

Published 11 Dec, 2019 08:20pm

Energy

Exxon, Hess to export first oil from Guyana in early 2020

Consortium including both companies and China's CNOOC Ltd have so far discovered more than 6 billion barrels of rec

Published 10 Dec, 2019 09:10pm

Energy

Texas on track to complete fewer oil and gas wells in 2019

The state's oil and gas regulator has processed 8,629 well completions so far this year, marking nearly a 16% decl

Published 10 Dec, 2019 09:00pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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