Trends - Rystad Energy - Business Recorder

Rystad Energy

Oil slumps over two percent

NEW YORK: Oil prices tanked more than 2% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on ...

Published 23 Nov, 2023 03:19am

Markets

Oil at 3-week high on cuts to OPEC+ output targets

NEW YORK: Oil prices held at three-week highs on Thursday after OPEC+ agreed to tighten global crude supply with a...

Published 07 Oct, 2022 05:59am

Markets

Oil could hit $200 a barrel, says Rystad Energy

OSLO: Global oil prices could rise to $200 a barrel if Europe and the United States ban imports of Russian oil,...

Published 08 Mar, 2022 08:50pm

Markets

Oil edges up to new multi-year highs on short supply

NEW YORK: Oil prices edged up to fresh multi-year highs on Tuesday, supported by a global supply shortage and strong...

Published 27 Oct, 2021 04:50am

Markets

Oil prices reach multi-year highs on tight supply

NEW YORK: Oil prices reached multi-year highs on Monday before steadying, as tight global supply and strengthening...

Published 26 Oct, 2021 04:39am

Opinion

Oil prices buoyed by soaring gas rates ahead of OPEC+ meet

The sharp rise in wholesale gas prices is spilling over into the oil market, with looming demand for electricity...

Published 04 Oct, 2021 05:56am

Markets

Oil prices slide as US storm threat wanes

NEW YORK: Oil prices edged lower on Thursday, falling from a multi-week high a day earlier on profit taking and as...

Published 17 Sep, 2021 03:52am

Markets

Oil prices slide as U.S. storm threat wanes

NEW YORK: Oil prices edged lower on Thursday, falling from a multi-week high a day earlier on profit taking and as...

Published 16 Sep, 2021 11:11pm

Markets

Oil rises to six-week high as US supply concerns

NEW YORK: Oil prices rose to six-week highs on Monday as US output remains slow to return two weeks after Hurricane...

Published 14 Sep, 2021 03:55am

Markets

Oil prices accelerate rise as OPEC+ calls off output talks

The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, agreed on record output cuts in 2020 to cope with a COVID-induced price crash.

Published 05 Jul, 2021 10:53pm

Markets

Oil prices little changed as OPEC+ talks drag on

NEW YORK: Oil prices were little changed on Friday after OPEC+ ministers delayed an output policy meeting, with...

Published 03 Jul, 2021 03:19am

Markets

Oil jumps to more than 2-year high as U.S. supplies tighten

Brent crude rose 87 cents, or 1.2%, to $75.68 by 12:06 p.m. ET (1606 GMT). Its session high, $76.02 after the EIA data, was the highest since October 2018.

Published 23 Jun, 2021 11:27pm

Markets

Oil up nearly 2pc to multi-year highs on demand expectations

U.S. oil rose $1.24, or 1.8pc, to settle at $72.12 a barrel. It hit a session high of $72.19 a barrel, its highest since October 2018.

Published 16 Jun, 2021 12:10am

Markets

Oil prices rise on nagging fears of fuel shortages

NEW YORK: Oil prices settled higher on Tuesday, as lingering fears of gasoline shortages due to an outage at the...

Published 12 May, 2021 04:23am

Markets

Oil gains after cyberattack forces shutdown of US fuel pipelines

Brent crude was up by 69 cents, or 1%, at $68.97 a barrel by 1137 GMT. US WTI crude rose by 61 cents, or 0.9%, to $65.51.

Published 10 May, 2021 04:43pm

Markets

Oil rises as demand hopes bolster sentiment

NEW YORK: Oil rose more than 1% on Monday as Chinese economic figures and US vaccination rates pointed to a strong...

Published 04 May, 2021 04:26am

Markets

Oil prices little changed

NEW YORK: Oil prices were little changed on Thursday as concerns over lower crude production in Libya offset...

Published 23 Apr, 2021 05:12am

Markets

Oil prices drop on US crude build

NEW YORK: Oil prices on Wednesday fell for a second day to their lowest in a week on a surprise build in US crude...

Published 22 Apr, 2021 03:55am

Markets

Oil flat as weaker dollar offsets surge in U.S. gasoline stocks

Brent futures rose 20 cents, or 0.3pc, to $63.36 a barrel by 11:43 a.m. EDT (1543 GMT), while U.S. West Texas Intermediate (WTI) crude rose 2 cents to $59.79.

Updated 09 Apr, 2021 12:08am

World

The global race to develop ‘green’ hydrogen

PARIS: It’s seen as the missing link in the race for carbon-neutrality: “green” hydrogen produced without...

Published 05 Apr, 2021 03:56am

Markets

Oil prices mixed as U.S. crude inventory draw supports, OPEC+ concerns weigh

OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by Reuters showed.

Published 31 Mar, 2021 11:56pm

Markets

Oil falls as Suez Canal opens, dollar rallies; eyes on OPEC+ meeting

Ships were moving through the Suez Canal again a day after tugs refloated the Ever Given container carrier, which had blocked the passage for almost a week.

Updated 31 Mar, 2021 12:05am

Markets

Exxon, Chevron take a slow walk on the path to US shale recovery

"We would need three months of oil prices sustained at current levels followed by six months of drilling activity before production begins to climb higher on a sustained basis," said Peter McNally at Third Bridge.

Published 29 Mar, 2021 11:33am

Markets

Oil jumps 4pc on fears Suez Canal blockage may last weeks

• Shipping rates rise, oil and gas tankers diverted

Published 27 Mar, 2021 05:41am

Markets

Oil plunges over 6pc on concerns over Europe curbs, rollouts

NEW YORK: Oil prices fell more than 6 percent on Tuesday, tumbling as concerns over new pandemic curbs and slow...

Published 24 Mar, 2021 05:10am

Markets

Oil plunges more than 6pc on concerns over Europe curbs, rollouts

Nearly a third of France entered a month-long lockdown on Saturday following a jump in cases in Paris and parts of northern France.

Updated 24 Mar, 2021 12:39am

Markets

Nasdaq drops 3% on inflation fears, WTI oil loses 7.1%

The tech-rich Nasdaq Composite Index slid 3.0 percent to close at 13,116.17, while the broad-based S&P 500 lost 1.5 percent to end at 3,915.46.

Published 19 Mar, 2021 11:09am

Markets

Asia’s fuel exporters target sales bump as refineries shutdown

SINGAPORE: Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its...

Published 17 Mar, 2021 04:45am

Markets

Oil scales 1-year peak as OPEC+ rolls over output for April

LONDON: Oil rallied more than 5% on Thursday to the highest in over a year, after OPEC and its allies agreed to keep...

Published 05 Mar, 2021 05:17am

Markets

Oil prices hover near 13-month highs

NEW YORK: Oil prices hovered near 13-month highs on Tuesday, supported by a deep freeze in the US South that shut...

Published 17 Feb, 2021 04:24am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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