Trends - Oil - Business Recorder

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Oil prices up in thin pre-Christmas trade

TOKYO: Oil prices were up on Tuesday in thin trade ahead of the Christmas Day holiday, with prices supported by U.S....

Published 24 Dec, 2024 07:58am

Markets

Oil prices stable on Monday as data offsets surplus concerns

LONDON: Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset...

Updated 23 Dec, 2024 04:52pm

Markets

Oil prices steady as markets weigh Fed rate cut expectations, Chinese demand

HOUSTON: Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut...

Published 22 Dec, 2024 02:57am

Markets

Oil slips on demand concerns after Fed signals slower rate cuts

Oil prices fell on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in...

Updated 19 Dec, 2024 06:03pm

Markets

Asia fuel oil prices capped in early 2025 but supply risks loom

SINGAPORE: Asia’s fuel oil premiums and refining margins will be capped by ample supply in early 2025, but cleaner...

Published 18 Dec, 2024 12:57pm

Markets

Oil prices edge down on soft Chinese spending data

Oil futures dropped from their highest levels in weeks on Monday, pressured by weakness in consumer spending in...

Updated 16 Dec, 2024 08:16pm

Markets

Oil prices sharply up

NEW YORK: Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional...

Published 15 Dec, 2024 02:50am

Markets

Oil climbs 1% to 3-week high as more sanctions loom on Russia, Iran

Brent futures rise 67 cents, or 0.9%, to $74.08 a barrel

Updated 13 Dec, 2024 09:57pm

Markets

Oil prices rise on China stimulus, possible tight supply in Europe

HOUSTON: Oil prices rose on Tuesday as markets looked to rising demand in China, the world’s largest buyer, and...

Updated 11 Dec, 2024 12:00am

Markets

Oil prices rise as China moves toward monetary easing to boost growth

Oil prices climbed by more than 1% on Monday as top importer China flagged its first move toward a loosened monetary...

Updated 09 Dec, 2024 06:02pm

Markets

Saudi crude prices to Asia slump to four-year low

DUBAI: Saudi Aramco, the world’s biggest crude oil exporter, has cut its January 2025 prices for Asian buyers to the...

Published 09 Dec, 2024 06:43am

Markets

Oil prices fall on supply glut fears

NEW YORK: Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply ...

Published 08 Dec, 2024 02:56am

Markets

Oil set for weekly loss on surplus fears after OPEC+ cut extensions

Oil prices fell 1% on Friday and were headed for a weekly loss, as analysts continued to forecast a supply surplus...

Updated 06 Dec, 2024 10:13pm

Markets

OPEC+ delays oil output hike until April, extends cuts into 2026

LONDON/MOSCOW/ DUBAI: OPEC+ on Thursday pushed back the start of oil output rises by three months until April and...

Published 06 Dec, 2024 06:58am

Editorials

Petroleum industry: a messy corner of economy

EDITORIAL: Petroleum sales have picked up and reached a 25-month high in November. The increase is attributed mainly...

Updated 06 Dec, 2024 08:00am

Markets

OPEC+ expected to extend oil supply cuts

VIENNA: The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop...

Published 05 Dec, 2024 12:57pm

Markets

Oil prices steady ahead of imminent OPEC+ decision; geopolitical turmoil in focus

Oil prices were little changed on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts...

Updated 04 Dec, 2024 07:42pm

Markets

OPEC oil output rises in November: survey

LONDON: OPEC oil output rose for a second month in November as Libya’s production recovered after resolution of a...

Published 04 Dec, 2024 03:14am

Markets

Oil rises on Chinese data, Middle East tensions

HOUSTON: Oil prices rose on Monday, as strong factory activity in China buoyed hopes of higher demand, and as...

Updated 02 Dec, 2024 09:32pm

Markets

Oil heads for 2% weekly decline as supply risks ease

LONDON: Oil prices were steady on Friday and heading for a weekly drop of more than 2%, pressured by easing concern...

Updated 29 Nov, 2024 08:06pm

Markets

Oil up as Israel, Hezbollah trade accusations of ceasefire violation

LONDON: Oil prices ticked up on Thursday after Israel and Lebanese armed group Hezbollah traded accusations their...

Published 29 Nov, 2024 05:50am

Markets

Oil up as Israel says ceasefire violated, OPEC+ delays meeting

LONDON: Oil prices ticked up on Thursday, after Israel said its ceasefire with Lebanese armed group Hezbollah was...

Updated 28 Nov, 2024 07:03pm

Markets

Saudi, Russia, Kazakhstan hold talks ahead of weekend OPEC+ meeting

DUBAI/MOSCOW: Top OPEC+ ministers have held further talks ahead of the oil producer group’s weekend meeting to set...

Published 28 Nov, 2024 07:14am

Markets

Oil little changed after surprise build in US gasoline stocks

NEW YORK: Oil prices held steady on Wednesday as a large, surprise build in US gasoline stocks offset easing supply...

Published 28 Nov, 2024 05:45am

Markets

Oil slips after surprise build in U.S. gasoline stocks

Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply...

Updated 27 Nov, 2024 09:07pm

Markets

Oil falls after Israel agrees to ceasefire deal with Lebanon

HOUSTON: Oil prices slid on Tuesday, giving back early gains in choppy trade after Israel agreed to a ceasefire deal...

Updated 27 Nov, 2024 12:04am

World

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling

NEW YORK: Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days...

Published 26 Nov, 2024 07:10am

Markets

Oil falls $2 on possible Mid-East peace deal

HOUSTON: Oil prices fell more $2 on Monday after multiple reports that Israel and Lebanon had agreed to the terms of...

Updated 25 Nov, 2024 09:25pm

Markets

Oil prices climb 1% to two-week high as Ukraine war intensifies

Oil prices climbed about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the...

Updated 23 Nov, 2024 12:35am

Markets

Oil climbs on supply jitters as Russia-Ukraine war escalates

HOUSTON: Oil climbed more than 1% on Thursday as Russia and Ukraine launched missiles at each other, an escalation ...

Published 22 Nov, 2024 03:03am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	157.10
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.25
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
India Sensex / Dec 23	78,540.17
Tokyo Nikkei / Dec 23	39,055.35
Nasdaq / Dec 23	19,764.89
Hang Seng / Dec 23	20,105.38
FTSE 100 / Dec 23	8,102.72
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77

Item	Value
Crude Oil USD/Barrel / Dec 23	69.60
Karachi Cotton PKR/37.32 KG / Dec 23	17,785
Gold 10 Grams PKR / Dec 23	241,087.80
Gold Spot USD/Ounce / Dec 23	2,617.29
Cotton US¢/pound / Dec 23	69.11
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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