Trends - Fuel Oil - Business Recorder

Fuel Oil

Fuel oil smuggling network rakes in $1 billion for Iran and its proxies

DUBAI: A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for...

Published 03 Dec, 2024 12:18pm

Markets

China’s Sept fuel oil imports rise 6% from August

SINGAPORE/BEIJING: China’s fuel oil imports climbed 6% month-on-month in September, customs data showed on Sunday....

Published 20 Oct, 2024 11:13am

Business & Finance

City’s trade bodies support Aug 28 strike call

KARACHI: The city’s major trade bodies have announced participation in a nationwide shutter-down strike on August...

Published 19 Aug, 2024 03:20am

Markets

Saudi Arabia turns to Kuwait for fuel oil in rare move to meet summer demand

SINGAPORE: Saudi Arabia imported fuel oil from Kuwait for the first time in more than two years in July to help meet...

Published 26 Jul, 2024 07:35am

Markets

China’s May fuel oil imports retreat from multi-year highs

SINGAPORE: China’s fuel oil imports cooled in May after hitting multi-year highs in April, data showed on Thursday....

Published 20 Jun, 2024 11:29am

Markets

China’s Jan-Feb fuel oil imports rise 21% y/y

China’s fuel oil imports for the January and February period rose by a fifth from a year ago, data from the General...

Published 20 Mar, 2024 10:37am

Markets

Oil prices up in volatile trading

BENGALURU: Oil prices edged higher in volatile trading on Wednesday as investors focused their attention on an...

Published 30 Nov, 2023 04:53am

Pakistan

Hike in oil, power rates: JI holds sit-ins in Karachi

KARACHI: Jamaat-e-Islami (JI) on Tuesday staged sit-in protests at the city’s 15 different points against...

Published 20 Sep, 2023 06:28am

Pakistan

MQM’s Rana Ansar now new opposition leader: Concern voiced over sale of Iranian petrol in District West

KARACHI: The MQM-Pakistan on Wednesday alarmed the Sindh Assembly about the unchecked and growing sales of drugs and...

Published 27 Jul, 2023 06:26am

Markets

China’s May diesel exports almost four times prior year’s level

BEIJING: China’s exports of refined fuel products surged year-on-year in May, data showed on Sunday, as weak...

Published 18 Jun, 2023 09:58am

Markets

Cash premiums for fuel oil little changed in Asia

SINGAPORE: SINGAPORE: Cash premiums for fuel oil were little changed in Asia on Wednesday, while latest official ...

Published 15 Jun, 2023 06:03am

Markets

VLSFO cash premium extends slide

SINGAPORE: Asia’s cash premium for very-low sulphur fuel oil (VLSFO) fell for a second straight day as selling...

Published 08 Jun, 2023 06:30am

Markets

Asia spot fuel oil market steady; HSFO margin hits one-year high

SINGAPORE: Asia’s spot fuel oil market was little changed on Friday as cash premiums steadied in thin trade, ...

Published 21 May, 2023 04:00am

Markets

VLSFO market structure firms

SINGAPORE: The market structure for very low sulphur fuel oil (VLSFO) strengthened in Asia on Thursday, while...

Published 19 May, 2023 06:17am

Markets

Asia Fuel Oil: Spot premiums stable

SINGAPORE: Spot cash premiums in Asia’s fuel oil market were stable on Monday amid thin trade, while Kuwait’s Al...

Published 16 May, 2023 03:23am

Markets

Asia Fuel Oil Cash premiums ease as market backwardation narrows

SINGAPORE Asia’s cash premiums for fuel oil dipped on Thursday as market backwardation narrowed. The spot cash...

Published 05 May, 2023 06:44am

Markets

Kuwait’s Al Zour fuel oil tenders on hold after partial shutdown

SINGAPORE: Kuwait’s recently opened Al Zour refinery has stopped offering very low-sulphur fuel oil (VLSFO) ...

Published 16 Apr, 2023 03:36am

Markets

Asia’s spot fuel oil market steady

SINGAPORE: Asia’s spot fuel oil market was little changed on Thursday, while more tenders for April were in...

Published 31 Mar, 2023 06:45am

Markets

VLSFO cash premium posts weekly gain

NEW DELHI: Spot premiums for Asia’s very low sulphur fuel oil (VLSFO) rose by about 16% this week, as inventories...

Published 19 Mar, 2023 03:33am

Business & Finance

PNSC, ENAR Petroleum Refining Facility sign MoU

KARACHI: In pursuance to explore avenues for reduction in operational costs of the corporation, a Memorandum of...

Published 17 Mar, 2023 06:15am

Markets

Cash premiums for 180-cst HSFO rise

NEW DELHI: Cash premiums for 180-cst high sulphur fuel oil (HSFO) rose on Tuesday amid weakness in crude oil prices...

Published 15 Mar, 2023 06:01am

Markets

SCO members to consider jointly developing emerging fuel projects

NEW DELHI: The Shanghai Cooperation Organisation (SCO) said on Tuesday that its members, including Russia, China and...

Published 14 Mar, 2023 02:58pm

Markets

Spot fuel oil premiums for HSFO drift lower

NEW DELHI: Spot fuel oil premiums for high sulphur fuel oil (HSFO) declined on Monday, although a flurry of trades ...

Published 14 Mar, 2023 03:18am

Markets

VLSFO rebounds after one-month downtrend

SINGAPORE: The spot 0.5% very low sulphur fuel oil (VLSFO) market in Asia rebounded on Tuesday after trending lower...

Published 08 Mar, 2023 06:20am

Markets

Spot fuel oil cash differentials steady

SINGAPORE: Spot fuel oil cash differentials in Asia steadied on Monday, following a volatile week that saw high...

Published 07 Mar, 2023 03:16am

Markets

Asia’s Hi-5 fuel oil

SINGAPORE: Asia’s hi-5 fuel oil spread narrowed to nearly 11-month lows on Friday, as market trends continued to...

Published 05 Mar, 2023 03:36am

Markets

HSFO firms on strong bids, while VLSFO extends dip

SINGAPORE: Asia’s high sulphur fuel oil (HSFO) market firmed on Wednesday as strong bids emerged on the first day...

Published 02 Mar, 2023 06:23am

Markets

VLSFO margin declines

SINGAPORE: Asia’s refining margin for 0.5% very low sulphur fuel oil dropped over 30% in February compared to the...

Published 01 Mar, 2023 06:21am

Business & Finance

Asia’s spot oil premiums steady on thin trade

SINGAPORE: Asia’s spot fuel oil premiums were little changed in thin activity on Monday, while downstream ...

Published 28 Feb, 2023 06:15am

Markets

VLSFO premium at three month-low

SINGAPORE: Asia’s spot premium for 0.5% very low sulphur fuel oil eased for a seventh consecutive session to a...

Published 26 Feb, 2023 03:27am

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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