Trends - Oil - Business Recorder

Oil

Oil weaker on uncertainty over Fed rate cut

HOUSTON: Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a...

Updated 17 Nov, 2024 07:33am

World

Oil execs work COP29 as NGOs slam lobbyist presence

BAKU: Oil executives and lobbyists descended on COP29 in Baku for “energy day” Friday, as environmental groups...

Published 16 Nov, 2024 06:04am

Markets

Oil prices largely steady

LONDON: Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a...

Published 15 Nov, 2024 06:47am

Markets

Oil prices broadly flat after falling on dollar surge

LONDON: Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a...

Updated 14 Nov, 2024 07:47pm

Markets

Oil slips towards 2-week low

NEW YORK: Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global...

Published 14 Nov, 2024 06:33am

Markets

Oil prices hold near 2-week low on gloomy demand outlook

Oil prices held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil...

Updated 13 Nov, 2024 04:37pm

Markets

OPEC again cuts 2024, 2025 oil demand growth forecasts

LONDON: OPEC on Tuesday cut its forecast for global oil demand growth in 2024 and also lowered its projection for...

Published 12 Nov, 2024 05:05pm

Markets

Oil prices steady ahead of OPEC report, China stimulus limit gains

Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while...

Updated 12 Nov, 2024 04:57pm

PD misses SIFC deadline to resolve issues facing oil refineries

ISLAMABAD: The Petroleum Division could not address oil refineries obstacles by November 10th, as mandated by the...

Updated 12 Nov, 2024 02:35pm

Markets

Oil falls on Chinese stimulus disappointment

HOUSTON: Oil prices fell by more than 2% on Monday after China’s latest stimulus plan disappointed investors...

Published 12 Nov, 2024 06:38am

Markets

Oil slides on Chinese stimulus plan disappointment

HOUSTON: Oil prices fell by more than $2 a barrel on Monday after China’s stimulus plan disappointed investors...

Updated 11 Nov, 2024 09:39pm

Markets

Saudi bourse falls on oil; Qatar gains

DUBAI: Saudi Arabia’s stock market ended slightly lower on Sunday after a fall in oil prices at the end of last...

Published 11 Nov, 2024 06:03am

Markets

Oil settles down on receding hurricane risk

NEW YORK: Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply...

Published 10 Nov, 2024 02:51am

Markets

Oil falls over 2pc

NEW YORK: Oil prices fell more than 2 percent on Friday as traders grew less fearful of prolonged supply disruptions...

Published 09 Nov, 2024 06:36am

Markets

Oil prices fall more than 1% as Hurricane Rafael risk recedes

LONDON: Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas...

Updated 08 Nov, 2024 05:09pm

Markets

China’s crude oil imports fall for sixth straight month on refinery closure

BEIJING: China’s crude oil imports fell 9% in October, data showed on Thursday, a sixth consecutive monthly...

Published 07 Nov, 2024 11:00am

Markets

Oil slips as investors digest US election fallout

LONDON: Oil slipped on Thursday, extending a sell-off triggered by the U.S. presidential election, as a strong...

Updated 07 Nov, 2024 07:06pm

Markets

Oil falls as Trump victory pushes dollar higher

Oil prices fell about 3% on Wednesday as the U.S. dollar was set for its biggest one-day rise since March 2020 on...

Updated 06 Nov, 2024 08:49pm

Markets

Oil prices edge up on weak dollar

NEW YORK: Oil prices edged up about 1% on Tuesday on a weaker US dollar on the day when voters cast ballots in what...

Published 06 Nov, 2024 07:23am

Markets

Oil trades in tight range ahead of US election result

LONDON: Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S....

Updated 05 Nov, 2024 06:35pm

Markets

Saudi Arabia may cut December oil prices for Asia, sources say

SINGAPORE: Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December,...

Published 01 Nov, 2024 11:31am

Markets

Oil prices rise 1% on reports Iran preparing strike on Israel

NEW YORK: Oil prices rose about 1% on Friday to a one-week high on reports Iran was preparing a retaliatory strike...

Updated 01 Nov, 2024 09:07pm

Business & Finance

Petrol price hiked by Rs1.35, HSD’s by Rs3.85

ISLAMABAD: The federal government has announced a mixed bag of news for consumers, with a price hike for petrol and...

Published 01 Nov, 2024 06:51am

Markets

Oil rises 2% as US stockpiles drawdown, OPEC+ mulls output hike delay

NEW YORK: Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline...

Updated 30 Oct, 2024 09:39pm

Markets

Oil extends losses on report of talks to end Lebanon war

HOUSTON: Oil prices edged down on Tuesday, after a 6% tumble in the previous session, on a report that Israeli Prime...

Published 30 Oct, 2024 06:32am

Business & Finance

World Bank expects oil glut to cause commodity price slump

WASHINGTON: Global commodity prices should fall to a five-year low next year thanks to a huge oil glut, the World...

Published 30 Oct, 2024 06:32am

Markets

Oil prices climb as US reserve bid lends support

Oil prices rose on Tuesday after tumbling 6% in the previous session, as a U.S. plan to buy oil for the Strategic...

Updated 29 Oct, 2024 04:51pm

Business & Finance

Oil falls 6pc on reduced risk of wider ME war

HOUSTON: Oil prices tumbled 6% on Monday, or more than $4 a barrel, after Saturday’s retaliatory strike by Israel...

Published 29 Oct, 2024 03:27am

Markets

Oil slides 5% after limited Israeli retaliatory attack on Iran

Brent futures down $4.13, or 5.43%, at $71.92 a barrel

Updated 28 Oct, 2024 08:16pm

Markets

Oil prices likely to fall after Israel shows restraint in strikes on Iran

SINGAPORE/LONDON: Oil prices are expected to fall when trading resumes on Monday as Israel’s retaliatory strike on...

Updated 27 Oct, 2024 06:53pm

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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