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oil markets

Global oil demand to grow by 1.9ln bpd in 2024, says Wood Mac

LONDON: Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by...

Published 29 Feb, 2024 08:56pm

Markets

Kuwait fuel oil exports rise for second month as Al Zour ramps up

SINGAPORE: Kuwait’s fuel oil exports rose for a second month in February, according to shiptracking data from Kpler...

Published 29 Feb, 2024 05:43pm

Markets

Oil prices firm

NEW YORK: Brent crude oil prices were little changed on Monday, with lingering supply concerns from tensions in the...

Published 20 Feb, 2024 03:09am

Markets

Aramco CEO predicts tighter oil markets, sees Red Sea risks

DAVOS: Global oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the...

Published 17 Jan, 2024 06:22pm

Markets

Oil rises on Chinese demand but European rate hike fears weigh

NEW YORK: Oil rose on Thursday on signs of a strong economic rebound in top crude importer China, but fears over the...

Updated 03 Mar, 2023 07:33am

Markets

Oil prices up 1pc to near 7-week high

NEW YORK: Oil prices rose about 1% on Wednesday to their highest since early December on a drop in the US dollar and...

Published 19 Jan, 2023 06:31am

Business & Finance

Oil prices fall nearly 5pc on worry over global economy

NEW YORK: Oil fell nearly 5 percent on Wednesday after slumping in the previous session, weighed down by demand...

Published 05 Jan, 2023 05:58am

Markets

Asia’s spot fuel oil market firms

SINGAPORE: Asia’s spot fuel oil market extended gains on Tuesday, although recovery remains capped as monthly...

Published 21 Dec, 2022 06:50am

Opinion

Russian oil sold to India below price cap in buyers’ market

Russia’s flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil...

Published 15 Dec, 2022 06:45am

Oil rebounds, but still on track for biggest weekly declines

NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly...

Updated 10 Dec, 2022 09:59am

Markets

OPEC+ seen heading for oil policy rollover, cut not ruled out

LONDON/DUBAI: OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources...

Published 02 Dec, 2022 07:11pm

Markets

Oil rises as China eases Covid curbs, dollar weakens

NEW YORK: Oil rose about $2 a barrel on Thursday after top crude importer China eased Covid curbs in two major...

Published 02 Dec, 2022 05:47am

Markets

Oil prices rise, but Chinese demand worries linger

LONDON: Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand...

Updated 25 Nov, 2022 07:12pm

Markets

Saudi, Iraqi energy ministers meet, review oil markets

The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+...

Published 25 Nov, 2022 09:50am

Markets

Oil prices settle up

NEW YORK: Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening US dollar outweighed...

Published 24 Oct, 2022 06:46am

With Iran deal looming, OPEC+ weighs oil cuts

DUBAI: Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to...

Published 24 Aug, 2022 05:08am

Markets

Oil falls 3%, pressured by surprise US crude, gasoline build

HOUSTON: Oil prices slid 3% on Wednesday, with losses accelerating after US data showed crude and gasoline...

Updated 03 Aug, 2022 10:49pm

Markets

Oil up 2pc on supply worries ahead of OPEC+ meeting

NEW YORK: Oil futures rose about 2% on Tuesday as traders worried that this week’s meeting of OPEC+ producers may...

Published 03 Aug, 2022 06:36am

Markets

France wants Iran, Venezuela return to oil markets

SCHLOSS ELMAU: France wants sanctions-hit Iran and Venezuela to return to the oil markets to alleviate a Russian...

Published 27 Jun, 2022 05:29pm

Markets

Oil turbulence could last five years, ExxonMobil boss warns

DOHA: Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said...

Published 22 Jun, 2022 08:12am

Markets

Copper rebounds as oil claws higher, Shanghai lifts curbs

LONDON: Copper prices rebounded on Wednesday, boosted by the lifting of COVID-19 lockdowns in Shanghai and gains in...

Published 02 Jun, 2022 06:19am

Russian, Saudi foreign ministers praise OPEC+

RIYADH: Russian Foreign Minister Sergei Lavrov met Saudi counterpart Prince Faisal bin Farhan Al Saud in Riyadh on...

Published 02 Jun, 2022 06:19am

Markets

Oil volatility ‘worse’ without OPEC+ bloc that includes Russia: Saudi

DUBAI: Volatility on oil markets sparked by Russia’s invasion of Ukraine would be worse without OPEC+, the Saudi...

Published 29 Mar, 2022 07:55pm

Markets

ICE canola futures firm

CHICAGO: ICE canola futures climbed on Tuesday, supported by firming edible oil markets, traders said. The nearby ...

Published 24 Mar, 2022 05:36am

US gasoline prices edge lower after hitting record high last week

NEW YORK: US gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week...

Updated 14 Mar, 2022 03:51pm

Markets

Oil markets fret over supply shock as some buyers shun Russia

LONDON: While the West debates potential restrictions on Russian oil and gas, there are signs some buyers are...

Published 08 Mar, 2022 07:35pm

Oil steadies from decade-highs

HOUSTON: Oil eased after hitting prices not seen in roughly a decade on Thursday, as sellers jumped on hopes that ...

Updated 04 Mar, 2022 10:46am

Oil surpasses $100, stocks slump

NEW YORK: Oil prices broke above $100 a barrel on for the first time since 2014 and stock markets slumped globally ...

Published 25 Feb, 2022 06:19am

Markets

Oil price turns negative in response to Ukraine uncertainty

NEW YORK: Oil prices turned negative on Wednesday, after rising earlier on reports that Ukraine’s government,...

Published 24 Feb, 2022 06:34am

Markets

Iraq strengthens grip on India oil market, with highest volumes in 29 months

NEW DELHI: India's imports of oil from Iraq surged in January to a 29-month high of about 1.3 million barrels per ...

Published 17 Feb, 2022 05:33pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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