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fuel demand

India expects fuel demand to grow 4.7% in the next fiscal year

BENGALURU: India’s fuel demand is likely to grow 4.7% in the next fiscal year beginning on April 1, initial...

Published 23 Feb, 2023 01:06pm

Markets

Oil drops over 2pc on demand worries ahead of Fed comments

BENGALURU: Oil prices fell by $2 per barrel on Wednesday as investors grew more worried that recent economic data...

Published 23 Feb, 2023 05:52am

Markets

Oil up more than 1pc, on track for second week of gains

NEW YORK: Oil rose by about $1 a barrel on Friday and headed for a second straight weekly gain, spurred largely by...

Published 23 Jan, 2023 08:05am

Markets

VLSFO premium dips further, HSFO holds steady

SINGAPORE: Asia’s spot premium for very low sulphur fuel oil (VLSFO) dipped for a third straight session on Monday...

Published 10 Jan, 2023 06:00am

World

India’s fuel demand hits nine-month high in December

India’s fuel demand reached a nine-month high in December, helped by strong industrial activity and a rise in...

Published 09 Jan, 2023 08:59pm

Markets

Asia’s refining profit margin for gasoline flips

NEW DELHI: Asia’s refining profit margin for gasoline flipped to a discount on Wednesday amid the darkening fuel...

Published 01 Sep, 2022 05:50am

Markets

Naphtha crack drops for second straight day

NEW DELHI: Asia’s naphtha crack dropped on Tuesday for a second consecutive session on concerns of waning demand...

Published 19 Jan, 2022 06:15am

Markets

India’s fuel demand rises

BENGALURU: India’s December fuel demand rose about 0.4 percent year-on-year, data from the oil ministry’s...

Published 12 Jan, 2022 04:25am

Markets

Asia’s naphtha crack extends gains

NEW DELHI: Asia’s naphtha crack extended gains on Wednesday as the market remained tight amid firm feedstock ...

Published 11 Nov, 2021 05:20am

Business & Finance

Chevron posts highest profit in 8 years on surging oil, gas prices

HOUSTON: Chevron Corp on Friday posted its highest quarterly profit in eight years on surging oil and gas prices,...

Published 29 Oct, 2021 05:40pm

Business & Finance

Phillips 66 posts second straight quarterly profit as fuel demand rebounds

In refining, we saw a notable improvement in realized margins, operated well and navigated hurricane-related challenges, CEO says

Updated 29 Oct, 2021 05:19pm

Markets

Asia’s naphtha cracks edge higher

SINGAPORE: Asia’s naphtha crack extended gains on Thursday, climbing to $104.30 a tonne, while gasoline margins...

Published 04 Jun, 2021 05:06am

Markets

Asia gasoline cracks rise

SINGAPORE: Asian refining margins for gasoline rose on Tuesday, buoyed by expectations of a demand recovery in...

Published 19 May, 2021 06:00am

Markets

Huge rise in coronavirus cases hit India’s April fuel demand

NEW DELHI: Indian state refiners’ local fuel sales in April declined due to state-level restrictions aimed at...

Published 02 May, 2021 03:23am

Markets

India's January fuel demand down 3.9pc y/y

Fuel consumption, a proxy for oil demand, totalled 18.01 million tonnes.
Sales of gasoline, or petrol, rose by about 6.1% from a year earlier to 2.61 million tonnes.

Published 09 Feb, 2021 08:17pm

Markets

Oil hits 11-month high near $57 on tight supply expectations

Saudi Arabia plans to cut output by an extra 1 million barrels per day (bpd) in February and March to keep inventories in check.

Published 13 Jan, 2021 12:12am

Markets

Oil outlook for 2021 hit by new COVID-19 strain

Pace of oil demand recovery to depend on vaccine rollouts –analysts.
Some analysts say no return to pre-pandemic levels before 2023.
OPEC to meet on Jan. 4 to decide on output.
Brent has averaged $43.21/bbl in 2020, WTI about $39.34.

Published 31 Dec, 2020 06:45pm

Markets

Oil slips as surge in COVID-19 cases threatens demand

U.S. West Texas Intermediate (WTI) crude futures slipped 14 cents or 0.29pc, to $48.22 a barrel at 0757 GMT, while Brent crude futures fell 20 cents, or 0.39pc, to $51.30.

Published 18 Dec, 2020 03:23pm

Business & Finance

'Second wave' hampers Pakistan’s Refining, Fuel Demand Growth Outlooks: Report

The report said that a sharp resurgence in new daily Covid-19 infections in Pakistan has put the brakes on the government’s economic reopening plans after earlier lockdowns.

Published 02 Dec, 2020 02:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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