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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

Energy

US natgas futures fall on less cold midday weather forecasts

The market is simply oversupplied by the massive amount of production that has been added in the past two years

Published 06 Dec, 2019 09:10pm

Energy

Oil little changed despite OPEC+ plan to deepen cuts

Oil futures were steady to slightly firmer on Thursday despite OPEC and its allies planning one of the deepest outp

Published 05 Dec, 2019 09:07pm

Energy

Oil jumps 4% on US stockpiles drop; further OPEC output cuts seen

Brent crude futures were up $2.52, or 4.1%, at $63.34 a barrel by 12:40 p.m. ET (1740 GMT). US West Texas Intermedi

Published 04 Dec, 2019 08:50pm

Energy

Oil slumps but still set for monthly hike ahead of OPEC+ meeting

OPEC and allies meet next week, Brent and WTI still set for monthly gains of about 4% China warns US of retali

Published 29 Nov, 2019 08:10pm

Energy

US natgas futures slip on small storage draw, moderating weather

The decrease cut stockpiles to 3.610 trillion cubic feet (tcf), 0.9% below the five-year average of 3.641 tcf for t

Published 27 Nov, 2019 09:10pm

Energy

Oil slips as trade worries offset Cushing drawdown

Oil prices edged lower on Monday as little progress on US-China trade negotiations kept prices pressured. Bren

Published 11 Nov, 2019 09:15pm

Energy

Oil down more than $1 a barrel on US crude build, delay in US-China trade pact

Oil prices dropped more than $1 a barrel on Wednesday after a much larger-than-expected build in US crude. Bre

Published 06 Nov, 2019 10:39pm

Energy

Oil gains 1pc as China pushes Trump for more tariff rollbacks

Oil prices rose more than 1pc on Tuesday on hopes for a US-China trade agreement. Brent crude futures rose 74

Published 05 Nov, 2019 11:05pm

Energy

Oil rises on US-China hopes and improved outlook

Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected US jobs growth.

Published 04 Nov, 2019 09:29pm

Energy

Oil rises nearly 4pc on U.S.-China trade hopes, but sets weekly decline

Oil prices rose nearly 4pc on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected econ

Published 01 Nov, 2019 09:07pm

Energy

Oil rises 2pc on hopes for US-China trade deal

US says phase one trade deal with China in good shape OPEC Oct oil output jumps on Saudi recovery - Reuters su

Published 01 Nov, 2019 03:56pm

Energy

Oil prices decline on weak Chinese data, US pipeline problems

Oil prices fell on Thursday after data showed weak factory activity in China. The front-month Brent contract f

Published 31 Oct, 2019 10:05pm

Energy

Oil falls on weak Chinese data, forecasts for US crude stocks build

Oil prices fell on Monday after four days of gains as expectations US crude stockpiles. Brent futures fell 45

Published 28 Oct, 2019 09:38pm

Energy

Oil prices edge up, on track for strong weekly gain

West Texas Intermediate (WTI) crude was up 32 cents at $56.55 and on track for a gain of nearly 5pc over the week.

Published 25 Oct, 2019 07:11pm

Energy

Oil extends gains despite weak demand outlook

Brent crude ended the session up 50 cents, or 0.8pc, at $61.67 a barrel, having risen 2.5pc on Wednesday. A lo

Published 24 Oct, 2019 08:36pm

Energy

Oil rises on surprise US crude drawdown, prospect of OPEC action

The investment bank expects Brent prices to continue trading around $60 a barrel in 2020. US crude stocks fell

Published 23 Oct, 2019 09:13pm

Energy

US natural gas little changed on moderating weather for November

Gas flows to liquefied natural gas (LNG) export plants eased to 7.1 bcfd on Tuesday from a record 7.2 bcfd on Monda

Published 23 Oct, 2019 09:09pm

Energy

Oil prices rise as OPEC mulls deeper output cuts

Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC. Brent

Published 22 Oct, 2019 10:57pm

Energy

Oil prices fall 1pc as global demand concerns grow

The Organization of the Petroleum Exporting Countries, Russia and other oil producers, an alliance known as OPEC+.

Published 21 Oct, 2019 08:43pm

Energy

US natgas futures fall on record production, less cold forecasts

The amount of gas in inventory was as much as 33pc below the five-year average in March 2019. Gas production i

Published 21 Oct, 2019 07:39pm

Energy

US natgas futures ease on record production, less cold forecasts

Speculators last week cut their long positions on the NYMEX to their lowest since January 2009 after stockpiles ret

Published 21 Oct, 2019 03:10pm

Energy

Oil falls as China economic concerns outweigh rising refinery runs

Chinese economy registers slowest growth in nearly three decades China's September refinery throughput up 9.4%

Published 18 Oct, 2019 08:23pm

Energy

US natgas futures rise on forecasts for more cold, heating demand

The US Energy Information Administration will release its weekly storage report at 10:30 a.m. EDT (1430 GMT) on Thu

Published 17 Oct, 2019 03:14pm

Energy

Oil rises 1% on hopes OPEC will extend supply cuts, weaker US dollar

IMF says US-China trade war will cut 2019 global growth EU sources say Brexit talks hit standstill Coming

Published 16 Oct, 2019 07:45pm

Energy

US oil output from 7 shale plays expected at 8.97mn bpd in Nov

The largest formation, the Permian Basin of Texas and New Mexico, is expected to add 63,000 bpd to 4.547 million bp

Published 15 Oct, 2019 08:20pm

Energy

US natgas futures rise on forecasts for cold weather in late October

Traders noted prices rose despite forecasts for warmer weather and lower heating use this week and next. Recen

Published 15 Oct, 2019 08:10pm

Energy

Oil falls more than 2pc on doubts around phase one of US-China trade deal

Market worries about situation along Syrian-Turkish border. Saudi Arabia reaffirms commitment to OPEC+ supply

Published 14 Oct, 2019 07:05pm

Energy

US natgas futures hold near 6-week low with storage back at normal level

The amount of gas in inventory was as much as 33pc below the five-year average in March 2019. Gas flows to LNG

Published 11 Oct, 2019 02:33pm

Energy

US natgas futures slide on forecasts for big storage injections

Refinitiv projected gas demand in the lower 48 US states would reach 82.5 billion cubic feet per day (bcfd) this we

Published 08 Oct, 2019 08:03pm

Energy

Oil slides 2.5pc as U.S. inventories build, weak economic data weighs

Oil prices fell more than 2.5pc on Wednesday after official data showed a rise in U.S. crude inventories. U.S.

Published 02 Oct, 2019 03:47pm

Energy

Oil prices slip as US economic data weakens demand outlook

Oil futures sank as weak US economic data dimmed crude's demand outlook and pressured prices. Brent crude futu

Published 01 Oct, 2019 11:25pm

Energy

U.S. natural gas futures slip to 1-month low on record output, mild weather

"People are still rattled from last week's larger-than-market-expectation storage injection and that is translating

Published 01 Oct, 2019 04:16pm

Energy

Oil soars again on Mideast tension

Oil prices shot higher Thursday on fresh supply concerns in the Middle East. Brent oil jumped nearly 1.3 perce

Published 19 Sep, 2019 09:21pm

Energy

Oil plummets 6pc as Saudi minister says supplies fully restored

"The latest news means that we will not be rushing to revise up our oil price forecast of $60 per barrel at end-201

Published 17 Sep, 2019 09:42pm

Energy

Trump takes aim at California over homeless crisis

Donald Trump hit out at California Tuesday over the handling of its homelessness crisis. An estimated 130,000

Published 17 Sep, 2019 09:14pm

Energy

Argentina offers subsidy to oil companies, provinces after fuel price freeze

To sustain the level of activity and employment and protect the consumer during this exceptional period, it is appr

Published 16 Sep, 2019 03:48pm

Energy

Trump backs plan that would boost biofuel quotas 10pc in 2020

US EPA will calculate a three-year rolling average of total biofuels gallons exempted from the mandates under its S

Published 16 Sep, 2019 01:32pm

Energy

Oil gets boost as new Saudi minister commits to output cuts

NEW YORK: Oil prices rose more than 2% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confi

Published 09 Sep, 2019 06:04pm

Energy

Oil jumps as Fed signals it could ‘act’ to sustain expansion

HOUSTON: Oil prices rose above $61 a barrel on Friday as the head of the US Federal Reserve said it would "act as approp

Published 06 Sep, 2019 09:40pm

Energy

Oil shippers weigh in on Enbridge's proposed overhaul of pipeline contracts

CALGARY: More than two dozen oil companies have weighed in on whether Canada's energy regulator should intervene in Enbr

Published 05 Sep, 2019 10:31pm

Energy

US natural gas futures fall from 7-week high on big storage build

US natural gas futures fell almost 2pc from a seven-week high on Thursday following the release of a bigger than expecte

Published 05 Sep, 2019 08:55pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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