Trends - Oil import - Business Recorder

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اردو

Jan 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Oil import

Oil prices extend rally as producers restrain output

Markets

Oil prices extend rally as producers restrain output

OPEC output increase smaller than expected – poll.
UBS sees Brent at $63 mid-year, Goldman at $65.
BP cites declining product demand, retail sales.
US blizzard offers hope for product demand.

Updated 02 Feb, 2021 08:13pm

Oil prices gain as inventories fall and demand picks up

Markets

Oil prices gain as inventories fall and demand picks up

Positive risk sentiment boosts prices, says UBS analyst.
Goldman Sachs sees oil price rising to $65 by July.
OPEC oil output rose in January, but less than forecast.

Published 01 Feb, 2021 07:04pm

Oil rises but remains rangebound as OPEC cuts offset virus fears

Markets

Oil rises but remains rangebound as OPEC cuts offset virus fears

Brent crude futures for March rose 60 cents, or 1.1%, to $56.13 a barrel.
The Brent March contract expires on Friday. The more active April contract was up 69 cents, or 1.2%, at $55.79.

Published 29 Jan, 2021 08:15pm

Oil above $56 as lower US stockpiles outweigh COVID and demand concerns

Markets

Oil above $56 as lower US stockpiles outweigh COVID and demand concerns

API says US crude inventories fell by 5.3 million barrels.
China posts lowest daily rise in COVID-19 cases in over 2 weeks.
Coming up: US EIA oil supply report at 1530 GMT.

Updated 27 Jan, 2021 11:23pm

Even without Keystone XL, US set for record Canadian oil imports

Markets

Even without Keystone XL, US set for record Canadian oil imports

Canada exports about 3.8 million bpd to the United States, according to US Energy Department data.
Whatever limited benefit that Keystone was projected to provide now has to be obviously reconsidered with the economy of today.

Published 22 Jan, 2021 08:19pm

Oil down 2pc as China COVID-19 cases trigger clampdowns

Markets

Oil down 2pc as China COVID-19 cases trigger clampdowns

Shanghai reports first locally transmitted cases in 2 months.
Focus on EIA inventory data due Friday.
Vaccine-fueled recovery likely several months away.

Published 22 Jan, 2021 06:05pm

India's oil imports at near 3 year high in Dec

Markets

India's oil imports at near 3 year high in Dec

While India cut back imports from Middle Eastern, African and US oil in December from the previous month, it marginally lifted its intake of Latin American and Caspian Sea oil.

Published 20 Jan, 2021 12:20pm

Oil import bill shrinks by 22.32pc to $4.77bn in 1st half of FY21

Pakistan

Oil import bill shrinks by 22.32pc to $4.77bn in 1st half of FY21

The overall oil imports during July-December (2020-21) were recorded at $4771.471 million, showing decline of 22.32 percent.

Published 19 Jan, 2021 06:55pm