Trends - Oil - Business Recorder

Oil

Oil retreats on demand concerns after Fed signals slower easing ahead

Oil prices fell in Asian trade on Thursday after the US Federal Reserve signalled it would slow the pace of interest...

Updated 19 Dec, 2024 12:57pm

Markets

Asia fuel oil prices capped in early 2025 but supply risks loom

SINGAPORE: Asia’s fuel oil premiums and refining margins will be capped by ample supply in early 2025, but cleaner...

Published 18 Dec, 2024 12:57pm

Markets

Oil prices edge down on soft Chinese spending data

Oil futures dropped from their highest levels in weeks on Monday, pressured by weakness in consumer spending in...

Updated 16 Dec, 2024 08:16pm

Markets

Oil prices sharply up

NEW YORK: Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional...

Published 15 Dec, 2024 02:50am

Markets

Oil climbs 1% to 3-week high as more sanctions loom on Russia, Iran

Brent futures rise 67 cents, or 0.9%, to $74.08 a barrel

Updated 13 Dec, 2024 09:57pm

Markets

Oil prices rise on China stimulus, possible tight supply in Europe

HOUSTON: Oil prices rose on Tuesday as markets looked to rising demand in China, the world’s largest buyer, and...

Updated 11 Dec, 2024 12:00am

Markets

Oil prices rise as China moves toward monetary easing to boost growth

Oil prices climbed by more than 1% on Monday as top importer China flagged its first move toward a loosened monetary...

Updated 09 Dec, 2024 06:02pm

Markets

Saudi crude prices to Asia slump to four-year low

DUBAI: Saudi Aramco, the world’s biggest crude oil exporter, has cut its January 2025 prices for Asian buyers to the...

Published 09 Dec, 2024 06:43am

Markets

Oil prices fall on supply glut fears

NEW YORK: Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply ...

Published 08 Dec, 2024 02:56am

Markets

Oil set for weekly loss on surplus fears after OPEC+ cut extensions

Oil prices fell 1% on Friday and were headed for a weekly loss, as analysts continued to forecast a supply surplus...

Updated 06 Dec, 2024 10:13pm

Markets

OPEC+ delays oil output hike until April, extends cuts into 2026

LONDON/MOSCOW/ DUBAI: OPEC+ on Thursday pushed back the start of oil output rises by three months until April and...

Published 06 Dec, 2024 06:58am

Editorials

Petroleum industry: a messy corner of economy

EDITORIAL: Petroleum sales have picked up and reached a 25-month high in November. The increase is attributed mainly...

Updated 06 Dec, 2024 08:00am

Markets

OPEC+ expected to extend oil supply cuts

VIENNA: The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop...

Published 05 Dec, 2024 12:57pm

Markets

Oil prices steady ahead of imminent OPEC+ decision; geopolitical turmoil in focus

Oil prices were little changed on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts...

Updated 04 Dec, 2024 07:42pm

Markets

OPEC oil output rises in November: survey

LONDON: OPEC oil output rose for a second month in November as Libya’s production recovered after resolution of a...

Published 04 Dec, 2024 03:14am

Markets

Oil rises on Chinese data, Middle East tensions

HOUSTON: Oil prices rose on Monday, as strong factory activity in China buoyed hopes of higher demand, and as...

Updated 02 Dec, 2024 09:32pm

Markets

Oil heads for 2% weekly decline as supply risks ease

LONDON: Oil prices were steady on Friday and heading for a weekly drop of more than 2%, pressured by easing concern...

Updated 29 Nov, 2024 08:06pm

Markets

Oil up as Israel, Hezbollah trade accusations of ceasefire violation

LONDON: Oil prices ticked up on Thursday after Israel and Lebanese armed group Hezbollah traded accusations their...

Published 29 Nov, 2024 05:50am

Markets

Oil up as Israel says ceasefire violated, OPEC+ delays meeting

LONDON: Oil prices ticked up on Thursday, after Israel said its ceasefire with Lebanese armed group Hezbollah was...

Updated 28 Nov, 2024 07:03pm

Markets

Saudi, Russia, Kazakhstan hold talks ahead of weekend OPEC+ meeting

DUBAI/MOSCOW: Top OPEC+ ministers have held further talks ahead of the oil producer group’s weekend meeting to set...

Published 28 Nov, 2024 07:14am

Markets

Oil little changed after surprise build in US gasoline stocks

NEW YORK: Oil prices held steady on Wednesday as a large, surprise build in US gasoline stocks offset easing supply...

Published 28 Nov, 2024 05:45am

Markets

Oil slips after surprise build in U.S. gasoline stocks

Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply...

Updated 27 Nov, 2024 09:07pm

Markets

Oil falls after Israel agrees to ceasefire deal with Lebanon

HOUSTON: Oil prices slid on Tuesday, giving back early gains in choppy trade after Israel agreed to a ceasefire deal...

Updated 27 Nov, 2024 12:04am

World

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling

NEW YORK: Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days...

Published 26 Nov, 2024 07:10am

Markets

Oil falls $2 on possible Mid-East peace deal

HOUSTON: Oil prices fell more $2 on Monday after multiple reports that Israel and Lebanon had agreed to the terms of...

Updated 25 Nov, 2024 09:25pm

Markets

Oil prices climb 1% to two-week high as Ukraine war intensifies

Oil prices climbed about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the...

Updated 23 Nov, 2024 12:35am

Markets

Oil climbs on supply jitters as Russia-Ukraine war escalates

HOUSTON: Oil climbed more than 1% on Thursday as Russia and Ukraine launched missiles at each other, an escalation ...

Published 22 Nov, 2024 03:03am

Markets

Oil price stability: Putin, Iraqi PM discuss OPEC+ coordination

MOSCOW/DUBAI: Russian President Vladimir Putin held a phone call with Iraqi Prime Minister Mohammed Shia al-Sudani ...

Published 22 Nov, 2024 03:03am

Markets

Oil jumps as Russia-Ukraine missile exchange outweighs US crude stocks

LONDON: Oil climbed more than 1% on Thursday after Russia and Ukraine launched missiles at each other, overshadowing...

Updated 21 Nov, 2024 09:18pm

Markets

Oil steady as Ukraine escalation offsets US crude, gasoline stock build

HOUSTON: Oil prices were steady on Wednesday as the escalating war between major oil producer Russia and Ukraine...

Updated 20 Nov, 2024 09:38pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 19	278.36
USD PKR Interbank Buying / Dec 19	278.16
USD to Japanese Yen / Dec 19	155.92
USD to Swiss Franc / Dec 19	0.90
Pound Sterling to USD / Dec 19	1.26
Euro to USD / Dec 19	1.04

Stock	Volume
S&P 500 / Dec 18	5,872.16
Nasdaq / Dec 18	19,392.69
FTSE 100 / Dec 18	8,199.11
Dow Jones / Dec 18	43,326.87
Germany DAX 30 / Dec 18	20,242.57
France CAC40 / Dec 18	7,365.70
India Sensex / Dec 19	79,339.96
Tokyo Nikkei / Dec 19	38,813.58

Item	Value
Gold 10 Grams PKR / Dec 18	241,945.20
Petrol/Litre / Dec 19	252.10
Crude Oil USD/Barrel / Dec 19	70.19
Karachi Cotton PKR/37.32 KG / Dec 19	17,585
Gold Spot USD/Ounce / Dec 19	2,613.73
Diesel/Litre / Dec 19	255.38

Gainers
Losers
Leaders

Stock	Price
Dewan Textile / Dec 19 Dewan Textile Mills Limited(DWTM)	6.88 ▲ 0.76 (12.42%)
S.G.Power / Dec 19 S.G. Power Limited(SGPL)	10.17 ▲ 1.00 (10.91%)
Faran Sugar (R) / Dec 19 Faran Sugar Mills Limited (R)(FRSMR)	10.43 ▲ 1.00 (10.60%)
Liven Pharma / Dec 19 Liven Pharma Limited(LIVEN)	77.33 ▲ 7.03 (10.00%)
Macter Int. Ltd / Dec 19 Macter International Limited(MACTER)	364.54 ▲ 33.14 (10.00%)
Oilboy Energy / Dec 19 Oilboy Energy Limited(OBOY)	12.65 ▲ 1.15 (10.00%)
Pak Datacom / Dec 19 Pak Datacom Limited(PAKD)	114.33 ▲ 10.39 (10.00%)
Thatta Cement / Dec 19 Thatta Cement Company Limited(THCCL)	185.52 ▲ 16.87 (10.00%)
Wah-Noble / Dec 19 Wah Noble Chemicals Limited(WAHN)	249.98 ▲ 22.73 (10.00%)

Stock	Price
Ahmad Hassan / Dec 19 Ahmad Hassan Textile Mills Limited(AHTM)	49.50 ▼ -5.50 (-10.00%)
Fateh Ind. / Dec 19 Fateh Industries Limited(FIL)	120.55 ▼ -13.39 (-10.00%)
J.A.Textile / Dec 19 J.A. Textile Mills Limited(JATM)	40.70 ▼ -4.52 (-10.00%)
Shadman Cotton / Dec 19 Shadman Cotton Mills Limited(SHCM)	26.80 ▼ -2.95 (-9.92%)
Bilal Fibres / Dec 19 Bilal Fibres Limited(BILF)	11.40 ▼ -1.21 (-9.60%)
Ideal Sp. / Dec 19 Ideal Spinning Mills Limited(IDSM)	11.30 ▼ -1.20 (-9.60%)
Trust Sec.& Brok. / Dec 19 Trust Securities & Brokerage Limited(TSBL)	9.55 ▼ -1.00 (-9.48%)
Mari Petroleum / Dec 19 Mari Petroleum Company Limited(MARI)	663.60 ▼ -65.18 (-8.94%)
PIA Holding Co.B / Dec 19 PIA Holding Company Limited B(PIAHCLB)	826.89 ▼ -73.82 (-8.20%)

Stock	Volume
WorldCall Telecom / Dec 19 Worldcall Telecom Limited(WTL)	139,290,885 ▼ -0.07
Cnergyico PK / Dec 19 Cnergyico PK Limited(CNERGY)	67,462,895 ▼ -0.14
B.O.Punjab / Dec 19 The Bank of Punjab(BOP)	60,162,802 ▼ -0.27
Pak Refinery / Dec 19 Pakistan Refinery Limited(PRL)	54,507,413 ▲ 1.37
Pak Elektron / Dec 19 Pak Elektron Limited(PAEL)	50,144,684 ▲ 0.77
K-Electric Ltd. / Dec 19 K-Electric Limited(KEL)	46,773,842 ▼ -0.29
Sui South Gas / Dec 19 Sui Southern Gas Company Limited(SSGC)	41,964,816 ▲ 2.93
Aisha Steel Mill / Dec 19 Aisha Steel Mills Limited(ASL)	36,868,206 ▲ 0.19
Fauji Foods Ltd / Dec 19 Fauji Foods Limited(FFL)	21,856,915 ▼ -0.25

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