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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 / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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