Trends - oil demand - Business Recorder

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

BR Research

Oil prices: the seesaw continues

A 40-month low, a 12 percent rebound and a 6 percent retreat. All of that happened in a span of less than two weeks...

Updated 27 Sep, 2024 10:10am

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

OPEC sticks to oil demand view, sees better economic growth

LONDON: OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and...

Published 13 Feb, 2024 06:02pm

Markets

IEA to expedite 2025 oil demand forecast, OPEC also moves early

LONDON: The International Energy Agency is bringing forward publication of its first 2025 oil demand forecast to...

Published 26 Jan, 2024 04:58am

Markets

Saudi Arabia likely to extend additional supply cuts to Q1 2024: Energy Aspects

SINGAPORE: The world’s top oil exporter, Saudi Arabia, is expected to extend its additional voluntary supply cuts to...

Published 15 Nov, 2023 08:18pm

Business & Finance

China fuels increase in global oil demand: IEA

PARIS: World oil demand will rise slightly more than expected this year as China’s appetite for the fossil fuel ...

Published 15 Nov, 2023 06:09am

BR Research

Oil shows no retreat

As Brent crude stays firm staying over $85/bbl, showing strong resistance – energy commodities outside of oil have...

Published 16 Aug, 2023 08:31am

Markets

OPEC sees 2.2 pct oil demand growth in 2024 despite headwinds

LONDON: OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in...

Published 13 Jul, 2023 06:13pm

Markets

India to soon overtake China as largest driver of oil demand: IEA chief

NEW DELHI: India will soon overtake China as the largest driver of global oil demand, International Energy Agency...

Published 14 Jun, 2023 05:27pm

Markets

OPEC oil demand forecast holds steady as economic clouds gather

LONDON: OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the...

Published 13 Jun, 2023 05:47pm

BR Research

Oil bulls mean business

Midfield play is often boring – but the one going on in the oil market is anything but. Both sides have had various...

Published 12 May, 2023 09:18am

Markets

OPEC raises Chinese oil demand view, cites risk from US debt ceiling

LONDON: Oil producer group OPEC on Thursday raised its forecast for Chinese oil demand growth this year but left its...

Published 11 May, 2023 06:45pm

BR Research

Oil: heading north

When not much seems to be going their way, spreading fake news is the preferred route of the collective West to put ...

Published 08 Mar, 2023 08:37am

Markets

OPEC raises forecast for China-led oil demand growth in 2023

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

Published 14 Feb, 2023 06:40pm

Markets

China's oil demand bounce may push producers to reconsider output: IEA

BENGALURU: Oil producers may have to reconsider their output policies following a demand recovery in China, the...

Published 05 Feb, 2023 06:43pm

BR Research

Global oil demand - back on track?

Crude oil prices have started 2023 with a rally. A major driver for crude oil demand is back and its impact has been...

Published 25 Jan, 2023 09:12am

Markets

At Davos, Saudi Arabia says curbing oil dependency a priority

DAVOS: Saudi Arabia is working to reduce its reliance on oil exports, Economy Minister Faisal Al-Ibrahim said...

Published 18 Jan, 2023 04:21pm

Markets

China’s COVID-19 reopening set to push 2023 oil demand to new high: IEA

LONDON: The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record...

Published 18 Jan, 2023 02:24pm

Markets

OPEC says Chinese oil demand to rebound in 2023 after drop

LONDON: OPEC said on Tuesday Chinese oil demand would rebound this year due to relaxation of the country’s COVID-19...

Published 17 Jan, 2023 07:48pm

Markets

Attock Refinery temporarily shuts down main distillation unit

Becomes second major refinery to either shut or limit its operations in recent days

Published 13 Dec, 2022 01:32pm

Markets

IEA sees global emissions peaking in 2025

PARIS: The International Energy Agency said Wednesday it believes global emissions will peak in 2025 as surging...

Published 27 Oct, 2022 10:42am

BR Research

Oil prices triggering an early recession?

Volatility never leaves the global oil market. Crude oil prices continue to be jittery - falling, stabilizing, ...

Published 17 Oct, 2022 09:23am

Markets

Oil demand rises as gas prices surge: IEA

PARIS: Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are...

Published 11 Aug, 2022 03:26pm

Markets

Iraq can boost oil output by 200,000 bpd this year if asked: BOC

BASRA: Iraq has the capacity to increase its oil production by 200,000 barrel per day (bpd) this year if asked, an...

Published 22 Jul, 2022 09:55pm

Markets

Oil rises 1pc as tight supply outweighs economic worries

NEW YORK: Oil prices edged up about 1% to a two-week high in volatile trade on Tuesday as the market focused more on...

Published 20 Jul, 2022 07:05am

Markets

OPEC forecasts slower oil demand growth in 2023

LONDON: OPEC forecast that world oil demand will rise further next year, but at a slightly slower rate than in 2022,...

Published 12 Jul, 2022 04:46pm

BR Research

Palm oil respite

The Indonesian ban on palm oil exports thankfully proved short-lived, as the government had to cave into the...

Published 24 Jun, 2022 09:02am

Markets

IEA lowers world oil demand outlook on China lockdowns

PARIS: Global oil demand will be slightly lower than forecast this year in the wake of strict Covid lockdowns in...

Published 13 Apr, 2022 02:51pm

Markets

OPEC cuts 2022 world oil demand forecast due to Ukraine war

LONDON: OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s...

Published 12 Apr, 2022 09:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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