Trends - Crude Oil - Business Recorder

Crude Oil

Oil drops 3% on expectations for US-Iran nuclear deal

LONDON: Oil prices slipped on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions...

Updated 15 May, 2025 09:19pm

Markets

OPEC expects slower 2025 oil supply growth from rivals after price drop

LONDON: OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers...

Published 14 May, 2025 05:38pm

Markets

Crude oil climbs more than $1 on tariff cuts

HOUSTON: Crude oil futures climbed more than $1 a barrel on Tuesday, lifted by a temporary cut in US-China tariffs...

Published 14 May, 2025 05:56am

Markets

Crude oil climbs more than $1 on tariff cuts, outlook

HOUSTON: Crude oil futures climbed more than $1 a barrel on Tuesday, lifted by a temporary cut in U.S.-China tariffs...

Updated 13 May, 2025 10:56pm

Markets

China April crude oil imports up 7.5% on strong inflows of Iran, Russia supplies

China’s April crude oil imports slowed from the previous month but rose 7.5% from a year earlier due to abundant...

Published 09 May, 2025 12:00pm

Markets

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S....

Updated 29 Apr, 2025 08:50pm

World

China’s Sinopec partners with Saudi Aramco’s unit in $4 billion JV

China’s state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint...

Updated 28 Apr, 2025 05:36pm

Markets

Oil falls nearly 3% on signs of progress in U.S.-Iran talks, demand fears

NEW YORK: Oil prices fell nearly 3% on Monday on signs of progress in talks between the U.S. and Iran, while...

Updated 21 Apr, 2025 08:50pm

Markets

China’s crude oil imports from Russia rebound in March; imports from Malaysia surge

Imports from top supplier Russia - including via pipelines and tankers - rebounded in March after a fall in the...

Published 20 Apr, 2025 10:19am

IHC extends GST zero-rating to condensate oil

ISLAMABAD: Islamabad High Court (IHC) has declared that the sales tax zero-rating on ‘petroleum crude oil’ also...

Updated 20 Apr, 2025 09:34am

Markets

Japan crude import down

TOKYO: Japan’s customs-cleared crude oil imports fell 7.1% in the 2024 financial year from a year earlier, while...

Published 20 Apr, 2025 02:50am

Markets

Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan faces a 29% tariff due to a $3 billion trade surplus with the US

Updated 15 Apr, 2025 10:09pm

Markets

China’s crude oil imports highest since August 2023 on Iranian surge

SINGAPORE: China’s crude oil imports in March rebounded sharply from the previous two months and were up nearly 5%...

Published 14 Apr, 2025 10:34am

Markets

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 51.848...

Published 16 Mar, 2025 02:50am

Markets

Oil holds at two-month low on rising supply concerns

LONDON: Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine...

Updated 26 Feb, 2025 05:18pm

Markets

Oil prices fall on worries about US tariffs

NEW YORK: Oil prices fell more than 2% to a two-month low on Tuesday on negative economic news from the US and...

Published 26 Feb, 2025 07:25am

Cut in fuel prices likely

ISLAMABAD: A substantial decrease in fuel prices is anticipated in Pakistan, with reductions of up to Rs10 per litre...

Updated 15 Feb, 2025 02:55pm

Markets

Oil to snap three-week losing streak as trade war fears ease

LONDON: Oil prices rose on Friday and were poised to end three weeks of decline, buoyed by rising fuel demand and...

Updated 14 Feb, 2025 07:58pm

Markets

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 44.209 ...

Published 26 Jan, 2025 02:54am

BR Research

Barrels and balances: Crude oil in 2024 and beyond

The global oil market in 2024 was characterized by a mix of volatility and resilience, with prices and demand...

Published 23 Jan, 2025 08:35am

Markets

OPEC’s share in India’s annual oil imports rises after 8-year drop

NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,...

Published 17 Jan, 2025 02:04pm

Markets

Russia offers to provide LNG, crude oil to Vietnam

HANOI: Russia is willing to help develop Vietnam’s nuclear power sector and provide it with crude oil and LNG, the...

Published 15 Jan, 2025 03:36pm

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

BR Research

Pakistan Refinery Limited

Pakistan Refinery Limited (PSX: PRL) is a hydro-skimming refinery based in Karachi, Pakistan. Established in 1960,...

Published 08 Jan, 2025 07:37am

Markets

PMEX daily trading report

KARACHI: On Thursday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 33.095 ...

Published 05 Jan, 2025 02:45am

BR Research

Pakistan Petroleum Limited

Pakistan Petroleum Limited (PSX: PPL) stands as a cornerstone of the country’s energy sector and a leading supplier...

Published 03 Jan, 2025 08:17am

BR Research

Pakistan Oilfields Limited

Pakistan Oilfields Limited (PSX: POL) is involved in the exploration, drilling, and production of crude oil and gas...

Published 02 Jan, 2025 08:24am

Markets

Oil prices stable on Monday as data offsets surplus concerns

LONDON: Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset...

Updated 23 Dec, 2024 04:52pm

Business & Finance

KP produces 30,000 bpd of crude oil per day

PESHAWAR: Khyber Pakhtunkhwa produces 30,000 barrel of crude oil per day, which is 42% of the total national...

Published 23 Dec, 2024 06:03am

Markets

Saudi Arabia crude exports reach four-month high in Oct

Saudi Arabia’s crude oil exports in October rose to their highest level in four months, data from the Joint...

Published 18 Dec, 2024 03:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.70
USD to Swiss Franc / May 16	0.84
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 16	4.96

Stock	Volume
S&P 500 / May 16	5,958.38
India Sensex / May 16	82,330.59
Tokyo Nikkei / May 16	37,753.72
Nasdaq / May 16	19,211.10
Hang Seng / May 16	23,345.05
FTSE 100 / May 16	8,684.56
Dow Jones / May 16	42,654.74
Germany DAX 30 / May 16	23,767.43
France CAC40 / May 16	7,886.69

Item	Value
Crude Oil USD/Barrel / May 16	62.49
Karachi Cotton PKR/37.32 KG / May 16	16,985
Gold 10 Grams PKR / May 16	288,151
Gold Spot USD/Ounce / May 16	3,203.65
Cotton US¢/pound / May 16	64.89
Petrol/Litre / May 18	252.63
Diesel/Litre / May 18	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Service Textile / May 16 Service Industries Textiles Limited(SERT)	15.27 ▲ 1.39 (10.01%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Punjab Oil / May 16 Punjab Oil Mills Limited(POML)	205.50 ▲ 18.68 (10%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.11 ▼ -0.59 (-15.95%)
B. F. Modaraba / May 16 B.F. Modaraba(BFMOD)	7.86 ▼ -0.87 (-9.97%)
786 Invest Ltd / May 16 786 Investments Limited(786)	7.66 ▼ -0.84 (-9.88%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Elahi Cotton / May 16 Elahi Cotton Mills Limited(ELCM)	113.52 ▼ -12.32 (-9.79%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.21 ▼ -2.52 (-9.43%)
Popular Islamic / May 16 Popular Islamic Modaraba(PIM)	12.51 ▼ -1.27 (-9.22%)
D.M. Textile / May 16 D.M. Textile Mills Limited(DMTX)	34.63 ▼ -3.47 (-9.11%)
First Elite Cap.Mod / May 16 First Elite Capital Modaraba(FECM)	18.87 ▼ -1.81 (-8.75%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	48.72 ▼ -4.12 (-7.8%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,633,748 ▲ 0.51
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,290,577 ▼ -0.17
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,644,102 ▲ 1.29
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,350,324 ▼ -0.39
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	19,518,214 ▼ -0.05
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,192,785 ▼ -1.62
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,656,452 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,918,284 ▲ 0.1
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,675,499 ▲ 0.66
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,771,771 ▼ -1.29

Markets →

Budget 2024-25: income tax calculator for FY25

Crude Oil

Most Popular