Trends - oil demand - Business Recorder

oil demand

Kuwait extends oil credit facility to Pakistan for two years

Kuwait has extended its oil credit facility to Pakistan for another two years. Kuwait’s Ambassador to Pakistan...

Updated 16 Apr, 2025 08:21pm

Markets

Oil rises as US issues new sanctions targeting Chinese importers of Iranian oil

HOUSTON: Oil prices rose more than $1 a barrel on Wednesday after Washington issued new sanctions targeting Chinese...

Updated 16 Apr, 2025 09:27pm

Markets

World oil demand, US supply to grow more slowly on tariff tensions, IEA says

LONDON: Global oil demand will grow at its slowest rate for five years in 2025 and U.S. production rises will also...

Published 15 Apr, 2025 06:20pm

Markets

HSBC lowers Brent price forecasts on trade tensions, sluggish oil demand

HSBC revised down its Brent crude price forecast on Tuesday, citing rising trade tensions and an expected reduction...

Published 15 Apr, 2025 04:36pm

Markets

OPEC cuts global oil demand growth forecasts

LONDON: OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the...

Published 15 Apr, 2025 05:54am

Markets

OPEC cuts global oil demand growth forecasts, citing US tariffs

LONDON: OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the...

Published 14 Apr, 2025 06:23pm

Markets

Oil falls 3% as investors reassess Trump’s tariff flip

Oil prices fell more than $2 per barrel on Thursday, wiping away the prior session’s rally, as investors reassessed...

Updated 10 Apr, 2025 09:59pm

BR Research

Oil’s crude awakening

The recent ‘Liberation Day’ proclamation from Washington may have sounded like a campaign rallying cry, but in...

Published 09 Apr, 2025 08:50am

Markets

IEA expects comfortably supplied oil market in 2025 despite demand hike

LONDON: The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on...

Published 12 Dec, 2024 04:38pm

BR Research

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 28	281.12
USD PKR Interbank Buying / Apr 28	280.92
USD to Japanese Yen / Apr 28	143.49
USD to Swiss Franc / Apr 28	0.83
Pound Sterling to USD / Apr 28	1.33
Euro to USD / Apr 28	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
Nasdaq / Apr 25	17,382.94
Dow Jones / Apr 25	40,113.50
India Sensex / Apr 28	79,923.27
Tokyo Nikkei / Apr 28	35,842.14
Hang Seng / Apr 28	21,998.78
FTSE 100 / Apr 28	8,435.69
Germany DAX 30 / Apr 28	22,309.26
France CAC40 / Apr 28	7,567.10

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Petrol/Litre / Apr 28	254.63
Crude Oil USD/Barrel / Apr 28	63.38
Gold Spot USD/Ounce / Apr 28	3,288.65
Diesel/Litre / Apr 28	258.64
Cotton US¢/pound / Apr 28	68.37

Gainers
Losers
Leaders

Stock	Price
Ruby Textile / Apr 28 Ruby Textile Mills Limited(RUBY)	7.98 ▲ 0.78 (10.83%)
ECOPACK Ltd / Apr 28 Ecopack Limited(ECOP)	34.71 ▲ 3.16 (10.02%)
EMCO Industries / Apr 28 Emco Industries Limited(EMCO)	38.36 ▲ 3.49 (10.01%)
PIA Holding Co.B / Apr 28 PIA Holding Company Limited B(PIAHCLB)	3,610.52 ▲ 328.23 (10%)
S.S.Oil / Apr 28 S.S.Oil Mills Limited(SSOM)	392.76 ▲ 35.71 (10%)
Sunrays Textile / Apr 28 Sunrays Textile Mills Limited(SUTM)	172.02 ▲ 15.64 (10%)
Shakarganj / Apr 28 Shakarganj Limited(SML)	43.58 ▲ 3.96 (9.99%)
Kohinoor Mills / Apr 28 Kohinoor Mills Limited(KML)	34.12 ▲ 3.05 (9.82%)
Calcorp Ltd / Apr 28 Calcorp Limited(CASH)	42.20 ▲ 3.73 (9.7%)
Nazir Cotton Mills / Apr 28 Nazir Cotton Mills Limited(NCML)	13.15 ▲ 1.15 (9.58%)

Stock	Price
Lucky Cement / Apr 28 Lucky Cement Limited(LUCK)	357.50 ▼ -1393.95 (-79.59%)
Ghani Chemworld / Apr 28 Ghani Chemworld Limited(GCWL)	7 ▼ -1 (-12.5%)
Tariq Corp.Pref. / Apr 28 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.45 ▼ -0.87 (-11.89%)
Dewan Textile / Apr 28 Dewan Textile Mills Limited(DWTM)	6.50 ▼ -0.8 (-10.96%)
Matco Foods Ltd / Apr 28 Matco Foods Limited(MFL)	39.84 ▼ -4.43 (-10.01%)
Bunnys Limited / Apr 28 Bunnys Limited(BNL)	30.75 ▼ -3.42 (-10.01%)
Cyan Limited / Apr 28 Cyan Limited(CYAN)	36.20 ▼ -4.02 (-10%)
Chenab Ltd (Pref) / Apr 28 Chenab Limited (Pref)(CLCPS)	2.61 ▼ -0.29 (-10%)
Dawood Lawrencepur / Apr 28 Dawood Lawrencepur Limited(DLL)	216.10 ▼ -24 (-10%)
At-Tahur Ltd. / Apr 28 At-Tahur Limited(PREMA)	78.07 ▼ -8.67 (-10%)

Stock	Volume
B.O.Punjab / Apr 28 The Bank of Punjab(BOP)	22,075,766 ▼ -0.41
Power Cement / Apr 28 Power Cement Limited(POWER)	20,784,723 ▼ -1.01
Pak Elektron / Apr 28 Pak Elektron Limited(PAEL)	17,290,656 ▼ -2.41
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	16,175,748 ▼ -0.03
Maple Leaf Cement / Apr 28 Maple Leaf Cement Factory Limited(MLCF)	13,702,267 ▼ -1.96
Ghani Chemworld / Apr 28 Ghani Chemworld Limited(GCWL)	12,615,708 ▼ -1
Sui North Gas / Apr 28 Sui Northern Gas Pipelines Limited(SNGP)	11,909,069 ▼ -4.02
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	11,139,490 ▼ -0.33
Lucky Cement / Apr 28 Lucky Cement Limited(LUCK)	9,769,779 ▼ -1393.95
Sui South Gas / Apr 28 Sui Southern Gas Company Limited(SSGC)	9,633,195 ▼ -2.99

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