Trends - Oil - Business Recorder

Oil

Oil set for fourth straight week of gains as investors assess US sanctions

LONDON: Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the...

Updated 17 Jan, 2025 08:06pm

Markets

Oil falls as halt to Houthi’s shipping attacks expected

HOUSTON: Oil prices slipped on Thursday with Yemen’s Houthi militia expected to halt attacks on ships in the Red...

Published 17 Jan, 2025 02:56am

Markets

Oil falls as halt to Houthi shipping attacks expected

HOUSTON: Oil prices slipped on Thursday with Yemen’s Houthi militia expected to halt attacks on ships in the Red...

Updated 16 Jan, 2025 09:37pm

Markets

Oil rises as traders assess sanctions impact

NEW YORK: Oil prices rose on Wednesday as the market focused on potential supply disruptions from US sanctions on...

Published 16 Jan, 2025 03:04am

Markets

Tanker rates extend rally on sanctions, demand to load Mideast oil

SINGAPORE: Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from...

Published 15 Jan, 2025 12:04pm

Markets

Oil prices slip

NEW YORK: Oil prices slipped on Tuesday from the previous day’s four-month highs but the market remained supported...

Published 15 Jan, 2025 02:59am

Markets

Oil prices hover near 4-month highs as Russia sanctions stay in focus

Oil prices paused their rally on Tuesday, but remained near four-month highs, with the market’s attention focused on...

Updated 14 Jan, 2025 05:06pm

Markets

Oil prices climb to 4-month high on expectations

NEW YORK: Oil prices climbed about 2% to a four-month high on Monday on expectations that wider US sanctions on...

Published 14 Jan, 2025 03:12am

Markets

China’s crude oil imports fall in 2024, first time in two decades outside of COVID

China’s crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside...

Published 13 Jan, 2025 11:20am

Markets

Oil jumps on expected hit to China and India’s Russian supplies

LONDON: Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest...

Updated 13 Jan, 2025 05:31pm

Markets

Oil jumps more than 4% on concern over more sanctions on Russia

Brent crude futures gain $3.50, or 4.6%, to $80.42 a barrel

Updated 10 Jan, 2025 10:06pm

Markets

Oil rises as cold snap drives winter fuel demand

HOUSTON: Oil prices gained more than 1% on Thursday as cold weather gripped parts of the US and Europe, driving up...

Published 10 Jan, 2025 03:51am

Markets

Oil trims gains on dollar strength, tight supplies provide support

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a...

Updated 08 Jan, 2025 07:21pm

Markets

Global crude exports dip as trade routes reshuffle again

HOUSTON: The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic,...

Published 07 Jan, 2025 01:28pm

Markets

Oil prices rise as concerns grow over supply disruptions

Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to...

Updated 07 Jan, 2025 06:02pm

Downstream oil sector deregulation: OCAC refuses to endorse any future road map

ISLAMABAD: The Oil Companies Advisory Committee (OCAC) has issued a strong statement, asserting that the oil...

Updated 07 Jan, 2025 12:53pm

Markets

Oil resists dollar pressure to hold at three-month high

LONDON: Oil prices eased on Monday, pressured by a strong dollar, but remained at their highest since mid-October as...

Updated 06 Jan, 2025 03:50pm

Opinion

‘‘‘Sunshine gold’ dethrones ‘black gold’’’

Good news is that sunshine gold (solar energy) does not hold the same economic and security value for producing and...

Published 05 Jan, 2025 02:45am

Markets

Oil heads for weekly gains on colder weather, Chinese policy support

HOUSTON: Oil prices rose on Friday, closing the week higher on the back of cold weather in Europe and the US as well...

Published 05 Jan, 2025 02:45am

Markets

Oil set for weekly gains as market eyes Chinese policy support

LONDON: Oil prices fell slightly on Friday but remained poised for weekly gains after closing at their highest in...

Updated 03 Jan, 2025 04:45pm

Opinion

“‘Sunshine gold’ dethrones ‘black gold’”

Recognising the vast potential of solar energy, countries around the world began making substantial investments in...

Published 03 Jan, 2025 07:01am

Markets

Oil prices rise on China optimism as investors return after holiday

LONDON: Oil prices rose on Thursday as investors returned for the first trading day of the new year with an...

Updated 02 Jan, 2025 05:36pm

Opinion

‘Sunshine gold’ dethrones ‘black gold’

Oil has been a dominant force shaping global economies over the past two centuries, acting as both a maker and...

Updated 02 Jan, 2025 08:19am

Markets

Oil set for annual loss although buoyed on the day by China data

LONDON: Oil prices were on track to end 2024 with a second consecutive year of losses, although they rose on the day...

Updated 31 Dec, 2024 04:54pm

Markets

Oil drifts higher in sparse holiday trade

LONDON: Oil prices edged up on Monday in thin holiday trade at the end of the year, as traders awaited more Chinese...

Updated 30 Dec, 2024 06:20pm

Markets

Oil prices up on large draw from US crude stocks

NEW YORK: Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of...

Published 29 Dec, 2024 02:48am

Markets

Big Oil backtracks on renewables push as climate agenda falters

LONDON: Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing...

Published 27 Dec, 2024 12:18pm

Markets

Oil heads for weekly gain on China stimulus hopes

LONDON: Oil prices rose almost 1% on Friday and was on track for a weekly gain, spurred by expectations of a...

Updated 27 Dec, 2024 06:02pm

Markets

Oil rises on China stimulus hopes, US inventory drop

LONDON: Oil rose almost 1% on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in ...

Published 27 Dec, 2024 06:27am

Markets

Oil edges up on China stimulus hopes, US inventory drop

LONDON: Oil edged higher on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China,...

Updated 26 Dec, 2024 06:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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