Trends - Oil - Business Recorder

Oil

Barrels and balances: Crude oil in 2024 and beyond

The global oil market in 2024 was characterized by a mix of volatility and resilience, with prices and demand...

Published 23 Jan, 2025 08:35am

Markets

Oil prices held down by Trump tariff uncertainty

LONDON: Oil prices were little changed on Thursday, maintaining the previous session’s losses on uncertainty over...

Updated 23 Jan, 2025 03:17pm

Markets

Oil prices down

NEW YORK: Oil prices held near a one-week low on Wednesday as the market considers how US President Donald Trump’s...

Published 23 Jan, 2025 06:14am

Markets

China’s crude oil imports from top supplier Russia reach new high in 2024

SINGAPORE: China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while...

Published 20 Jan, 2025 12:35pm

Markets

Oil prices slide as market awaits Trump’s return to White House

HOUSTON: Oil prices slipped on Monday as U.S. President-elect Donald Trump’s inauguration is expected to bring a...

Updated 20 Jan, 2025 09:25pm

Markets

Oil prices down

HOUSTON: Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the...

Published 19 Jan, 2025 02:47am

Markets

Oil set for fourth straight week of gains as investors assess US sanctions

LONDON: Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the...

Updated 17 Jan, 2025 08:06pm

Markets

Oil falls as halt to Houthi’s shipping attacks expected

HOUSTON: Oil prices slipped on Thursday with Yemen’s Houthi militia expected to halt attacks on ships in the Red...

Published 17 Jan, 2025 02:56am

Markets

Oil falls as halt to Houthi shipping attacks expected

HOUSTON: Oil prices slipped on Thursday with Yemen’s Houthi militia expected to halt attacks on ships in the Red...

Updated 16 Jan, 2025 09:37pm

Markets

Oil rises as traders assess sanctions impact

NEW YORK: Oil prices rose on Wednesday as the market focused on potential supply disruptions from US sanctions on...

Published 16 Jan, 2025 03:04am

Markets

Tanker rates extend rally on sanctions, demand to load Mideast oil

SINGAPORE: Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from...

Published 15 Jan, 2025 12:04pm

Markets

Oil prices slip

NEW YORK: Oil prices slipped on Tuesday from the previous day’s four-month highs but the market remained supported...

Published 15 Jan, 2025 02:59am

Markets

Oil prices hover near 4-month highs as Russia sanctions stay in focus

Oil prices paused their rally on Tuesday, but remained near four-month highs, with the market’s attention focused on...

Updated 14 Jan, 2025 05:06pm

Markets

Oil prices climb to 4-month high on expectations

NEW YORK: Oil prices climbed about 2% to a four-month high on Monday on expectations that wider US sanctions on...

Published 14 Jan, 2025 03:12am

Markets

China’s crude oil imports fall in 2024, first time in two decades outside of COVID

China’s crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside...

Published 13 Jan, 2025 11:20am

Markets

Oil jumps on expected hit to China and India’s Russian supplies

LONDON: Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest...

Updated 13 Jan, 2025 05:31pm

Markets

Oil jumps more than 4% on concern over more sanctions on Russia

Brent crude futures gain $3.50, or 4.6%, to $80.42 a barrel

Updated 10 Jan, 2025 10:06pm

Markets

Oil rises as cold snap drives winter fuel demand

HOUSTON: Oil prices gained more than 1% on Thursday as cold weather gripped parts of the US and Europe, driving up...

Published 10 Jan, 2025 03:51am

Markets

Oil trims gains on dollar strength, tight supplies provide support

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a...

Updated 08 Jan, 2025 07:21pm

Markets

Global crude exports dip as trade routes reshuffle again

HOUSTON: The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic,...

Published 07 Jan, 2025 01:28pm

Markets

Oil prices rise as concerns grow over supply disruptions

Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to...

Updated 07 Jan, 2025 06:02pm

Downstream oil sector deregulation: OCAC refuses to endorse any future road map

ISLAMABAD: The Oil Companies Advisory Committee (OCAC) has issued a strong statement, asserting that the oil...

Updated 07 Jan, 2025 12:53pm

Markets

Oil resists dollar pressure to hold at three-month high

LONDON: Oil prices eased on Monday, pressured by a strong dollar, but remained at their highest since mid-October as...

Updated 06 Jan, 2025 03:50pm

Opinion

‘‘‘Sunshine gold’ dethrones ‘black gold’’’

Good news is that sunshine gold (solar energy) does not hold the same economic and security value for producing and...

Published 05 Jan, 2025 02:45am

Markets

Oil heads for weekly gains on colder weather, Chinese policy support

HOUSTON: Oil prices rose on Friday, closing the week higher on the back of cold weather in Europe and the US as well...

Published 05 Jan, 2025 02:45am

Markets

Oil set for weekly gains as market eyes Chinese policy support

LONDON: Oil prices fell slightly on Friday but remained poised for weekly gains after closing at their highest in...

Updated 03 Jan, 2025 04:45pm

Opinion

“‘Sunshine gold’ dethrones ‘black gold’”

Recognising the vast potential of solar energy, countries around the world began making substantial investments in...

Published 03 Jan, 2025 07:01am

Markets

Oil prices rise on China optimism as investors return after holiday

LONDON: Oil prices rose on Thursday as investors returned for the first trading day of the new year with an...

Updated 02 Jan, 2025 05:36pm

Opinion

‘Sunshine gold’ dethrones ‘black gold’

Oil has been a dominant force shaping global economies over the past two centuries, acting as both a maker and...

Updated 02 Jan, 2025 08:19am

Markets

Oil set for annual loss although buoyed on the day by China data

LONDON: Oil prices were on track to end 2024 with a second consecutive year of losses, although they rose on the day...

Updated 31 Dec, 2024 04:54pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
Dow Jones / Jan 22	44,156.73
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30
Hang Seng / Jan 23	19,695.88
FTSE 100 / Jan 23	8,544.98
Germany DAX 30 / Jan 23	21,282.88

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Petrol/Litre / Jan 23	256.13
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Diesel/Litre / Jan 23	260.95

Gainers
Losers
Leaders

Stock	Price
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	10.12 ▲ 1.00 (10.96%)
Apna Microfin. / Jan 23 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	94.44 ▲ 8.59 (10.01%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Olympia Mills / Jan 23 Olympia Mills Limited(OML)	37.04 ▲ 3.37 (10.01%)
Arif Habib Ltd. / Jan 23 Arif Habib Limited(AHL)	72.46 ▲ 6.59 (10.00%)
Dewan Motors / Jan 23 Dewan Farooque Motors Limited(DFML)	46.07 ▲ 4.19 (10.00%)
Mughal Energy / Jan 23 Mughal Energy Limited(GEM)(GEMMEL)	21.45 ▲ 1.95 (10.00%)
Liven Pharma / Jan 23 Liven Pharma Limited(LIVEN)	150.99 ▲ 13.73 (10.00%)

Stock	Price
Nagina Cot. / Jan 23 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	10.92 ▼ -1.21 (-9.98%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	105.20 ▼ -11.20 (-9.62%)
J.K.Spinning / Jan 23 J.K. Spinning Mills Limited(JKSM)	60.50 ▼ -6.14 (-9.21%)
Kohat Textile / Jan 23 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Ruby Textile / Jan 23 Ruby Textile Mills Limited(RUBY)	6.67 ▼ -0.62 (-8.50%)
Sana Ind / Jan 23 Sana Industries Limited(SNAI)	28.60 ▼ -2.64 (-8.45%)
Faisal Sp. / Jan 23 Faisal Spinning Mills Limited(FASM)	340.01 ▼ -29.89 (-8.08%)
Calcorp Ltd / Jan 23 Calcorp Limited(CASH)	33.11 ▼ -2.82 (-7.85%)

Stock	Volume
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	141,910,406 ▲ 0.58
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.10
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 2.32
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	35,610,583 ▲ 0.74
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	32,491,903 ▲ 8.59
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▼ -0.11
Maple Leaf Cement / Jan 23 Maple Leaf Cement Factory Limited(MLCF)	26,406,513 ▲ 2.50
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	22,103,404 ▲ 0.45
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 2.76

Markets →

Budget 2024-25: income tax calculator for FY25

Oil

Most Popular