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Global oil demand

Strong dollar weakens oil

Following Donald Trump’s historic return to the White House, the US dollar has gone on to a bull rally, seeing it...

Published 15 Nov, 2024 08:26am

Markets

IEA sees oil surplus looming, reassures on Iran supply risk

LONDON: The world oil market is heading for a sizeable surplus in the new year, the International Energy Agency said...

Updated 15 Oct, 2024 02:47pm

Markets

Morgan Stanley cuts 2024 oil demand growth outlook

NEW YORK: Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower...

Published 24 Aug, 2024 06:23am

Markets

Global oil demand growth slowing: IEA

PARIS: Global oil demand growth slowed in the second quarter of the year, primarily due to softer construction and...

Published 13 Aug, 2024 05:57pm

Markets

Oil demand set to peak by 2029, major supply glut looms, IEA says

LONDON: Global oil demand will peak by 2029 and begin to contract the next year, the International Energy Agency...

Published 12 Jun, 2024 01:17pm

Markets

Global oil demand to grow by 1.9ln bpd in 2024, says Wood Mac

LONDON: Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by...

Published 29 Feb, 2024 08:56pm

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ...

Published 14 Nov, 2023 05:08am

Markets

Asia naphtha, gasoline refining profit margins fall

NEW DELHI: Asia’s refining profit margins for naphtha and gasoline declined on Tuesday after tepid economic data...

Published 17 May, 2023 06:22am

Markets

World oil demand to hit record as China reopens: IEA

Demand is expected to reach 101.9 million barrels per day on average in 2023, an increase of two million barrels per day from last year, it says in monthly oil market report

Published 15 Feb, 2023 08:44pm

Markets

OPEC raises 2023 oil demand growth view

LONDON: OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to...

Published 15 Feb, 2023 06:27am

Business & Finance

OPEC sticks to 2022, 2023 oil demand growth forecasts, after downgrades

LONDON: OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several...

Published 13 Dec, 2022 07:18pm

Markets

OPEC cuts oil demand growth forecast again as economic challenges mount

LONDON: OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further...

Published 14 Nov, 2022 06:46pm

Markets

Most Gulf markets bounce on oil demand growth outlook

DUBAI: Most major Gulf markets rebounded on Thursday as investors appeared to look beyond the inflation-fuelled...

Published 16 Sep, 2022 06:04am

Markets

Oil rises 1pc on supply concerns, expectations for fuel switching

NEW YORK: Oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil...

Published 15 Sep, 2022 07:16am

China lockdowns weigh on global oil demand: IEA

PARIS: China’s repeated Covid lockdowns and a slowdown in developed economies are weighing on the growth of global...

Published 15 Sep, 2022 05:57am

Markets

China lockdowns weigh on global oil demand: IEA

PARIS: China’s repeated Covid lockdowns and a slowdown in developed economies are weighing on the growth of global...

Published 14 Sep, 2022 05:37pm

Oil demand rises as gas prices surge: IEA

Prices of natural gas and electricity have jumped to new records

Updated 12 Aug, 2022 10:18am

Markets

Asia fuel oil: 380-cst HSFO cash premiums dip

SINGAPORE: Asia’s cash premiums for 380-cst high-sulphur fuel oil (HSFO) slipped for a fourth consecutive session...

Published 24 Dec, 2021 05:43am

Markets

Global oil's comeback year presages more strength in 2022

NEW YORK: Global oil demand roared back in 2021 as the world began to recover from the coronavirus pandemic, and...

Published 23 Dec, 2021 11:01am

Markets

World to reach peak oil demand before 2030: TotalEnergies

Oil demand would drop to 40 or 64 million barrels per day by 2050

Published 27 Sep, 2021 06:33pm

Markets

Global oil demand to rebound next month: IEA

Demand fell by 310,000 barrels per day on average over the three months to September

Updated 14 Sep, 2021 01:39pm

Delta variant crimps oil demand outlook: IEA

PARIS: Global oil demand is expected to grow slower than previously forecast this year as the spread of Covid’s...

Published 13 Aug, 2021 02:04am

Markets

OPEC+ JTC keeps 2021 oil demand growth forecast unchanged

The JTC was meeting on Monday to assess market fundamentals ahead of a ministerial gathering on Tuesday of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group know as OPEC+.

Published 31 May, 2021 06:27pm

Business & Finance

OPEC+ keeps oil demand forecast, but worried by COVID surge

In its most recent monthly oil market report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth by 70,000 barrels per day (bpd) to 5.95 million bpd.
The JTC meeting also expressed concern about rising COVID-19 cases in India, Japan and Brazil, the sources added.

Published 26 Apr, 2021 08:38pm

Markets

OPEC sees rising oil demand as it plans to open taps

Such an increase would push global demand to 96.5 million bpd in 2021 after last year's tumble due to coronavirus restrictions.

Published 13 Apr, 2021 06:54pm

Markets

OPEC+ experts see oil market deficit in 2021 despite demand cut: document

OPEC sees global oil demand at 97.9 million barrels per day in December 2021 under a base scenario, according to the internal document seen by Reuters.

Published 02 Feb, 2021 06:37pm

Markets

Global oil demand to rise, boosted by vaccine distribution and economy

2021 total oil demand to average 96.7 mln bpd, up 6.3 mln bpd.
US output to fall at more moderate pace, OPEC+ doubt weighs.
Refinery utilisation to remain low this year.

Published 28 Jan, 2021 07:45pm

Markets

IEA trims 2021 oil demand forecast

Oil prices have risen in recent weeks on hopes the global economy will get back on track later this year.

Published 19 Jan, 2021 03:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8 ▲ 0.89 (12.52%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Dawood Lawrencepur / Dec 18 Dawood Lawrencepur Limited(DLL)	211.50 ▼ -23.50 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.13
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.01
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.45
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.02
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.66
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.18
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.04
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.83
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.22

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Global oil demand

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