Trends - oil market - Business Recorder

oil market

Oil prices ease as market assesses Middle East tension

LONDON: Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market...

Updated 12 Jun, 2025 02:27pm

Markets

Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost

Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in...

Published 04 Jun, 2025 08:51pm

Markets

Oil prices climb 2% to 2-week high on geopolitical tension concerns

LONDON: Oil edged up on Tuesday, in the face of rising geopolitical tensions as the war in Ukraine ramped up despite...

Updated 03 Jun, 2025 10:15pm

Markets

Oil leaps 4% after OPEC+ keeps output increase unchanged

LONDON: Oil prices jumped by about 4% on Monday after producer group OPEC+ kept output increases in July at the same...

Updated 02 Jun, 2025 08:17pm

Markets

South Africa wants $100 a barrel oil before selling more crude stocks

CAPE TOWN: South Africa will wait for global oil prices to rise to around $100 a barrel before selling more of its...

Published 21 May, 2025 08:23pm

BR Research

Oil markets: Geopolitics and Opec+ at the core

Oil prices have been climbing, but not without turbulence. A confluence of geopolitical manoeuvres, supply...

Published 27 Mar, 2025 06:56am

BR Research

Balancing act: OPEC+ gambles on price stability

OPEC+ has once again proved its knack for maneuvering the ever-precarious oil markets, this time extending...

Published 24 Dec, 2024 08:52am

Markets

Oil edges lower on IEA surplus forecast

NEW YORK: Oil prices were down more than 1% on Thursday as a forecast for ample supply in the oil market offset...

Updated 12 Dec, 2024 10:06pm

Markets

Oil rises 1% as EU agrees further sanctions threatening Russian oil flows

Oil prices rose more than 1% on Wednesday after the European Union agreed an additional round of sanctions...

Updated 11 Dec, 2024 09:50pm

Markets

Oil prices on track for weekly loss as Chinese demand wanes

For the week, Brent set to fall 2.9% while WTI set to decline 3.6%

Updated 15 Nov, 2024 10:54pm

BR Research

Strong dollar weakens oil

Following Donald Trump’s historic return to the White House, the US dollar has gone on to a bull rally, seeing it...

Published 15 Nov, 2024 08:26am

BR Research

Oil bears are back with a bang

As crude oil prices hover around the $68 mark (lowest in over a year), the oil market stands poised for a pivotal...

Published 11 Sep, 2024 09:12am

Markets

Oil prices fall on demand concerns, Brent below $70, near 3-year low

Brent crude futures down $2.33, or 3.24%, at $69.51 a barrel

Updated 10 Sep, 2024 09:16pm

Markets

Morgan Stanley cuts Brent crude price view as market signals demand softness

Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is...

Published 09 Sep, 2024 04:46pm

Markets

Oil gains as Libyan supply woes counter modest US stock draw

Oil prices edged higher on Thursday, after two losing sessions, as concerns over Libyan supplies helped offset a...

Updated 29 Aug, 2024 09:16pm

Markets

OPEC cuts 2024 oil demand growth forecast, citing China

LONDON: OPEC on Monday cut its forecast for global oil demand growth in 2024, citing weaker than expected data for...

Published 12 Aug, 2024 04:55pm

BR Research

Oil market: Mid 80s is the new normal

The see-saw in the oil market continues as peak summer season approaches in large demand centers. From the pessimism...

Published 28 Jun, 2024 07:31am

Markets

Oil prices higher

NEW YORK: Oil prices settled higher on Friday as geopolitical tensions in the Middle East more than offset a ...

Published 18 Feb, 2024 03:01am

Markets

Oil rises on Middle East tensions, interest rates curb gains

HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were...

Updated 13 Feb, 2024 09:36pm

Markets

Saudi minister says energy transition behind Aramco capacity halt

DHAHRAN, SAUDI ARABIA: Saudi Arabia decided to halt its oil capacity expansion plans because of the energy...

Published 12 Feb, 2024 04:02pm

BR Research

Oil prices – bracing for a rally?

The global oil market has seen falling oil prices in recent times – from the high of $90 a barrel in Sept-23 to a...

Published 16 Jan, 2024 08:54am

Markets

Oil falls over 3% as Saudi price cuts add to demand concerns

NEW YORK: Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in...

Updated 08 Jan, 2024 09:42pm

Markets

Iran says oil exports at $26.4bn in past nine months

DUBAI: Iran’s oil exports have reached $26.46 billion since March, Iranian state media reported on Tuesday, the...

Published 26 Dec, 2023 06:43pm

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ...

Published 14 Nov, 2023 05:08am

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as...

Published 13 Nov, 2023 05:43pm

World

Russia, Saudi Arabia discuss oil market, prices

MOSCOW: Saudi Arabia and Russia, the world’s top two oil exporters, on Wednesday discussed the situation on the ...

Published 12 Oct, 2023 05:57am

Markets

Oil prices fall again; demand worries outweigh tight supply

HOUSTON: Oil prices dipped on Thursday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil...

Updated 05 Oct, 2023 08:45pm

Markets

Oil falls more than $3 on demand fears, Saudi confirms cuts to year-end

Brent trades at lowest since September 1 during the session, with an intraday low of $87.55 a barrel

Updated 04 Oct, 2023 08:12pm

Markets

Saudi Arabia to tap international debt markets as deficits return

RIYADH: Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in...

Published 01 Oct, 2023 05:25pm

Markets

WTI price surge shuts arbitrage oil flows from US to Europe, Asia

SINGAPORE: A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off...

Published 19 Sep, 2023 04:29pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 14	144.07
USD to Swiss Franc / Jun 14	0.81
Pound Sterling to USD / Jun 14	1.36
Euro to USD / Jun 14	1.15
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
India Sensex / Jun 14	81,118.60
Tokyo Nikkei / Jun 14	37,834.25
Nasdaq / Jun 14	19,406.83
Hang Seng / Jun 14	23,892.56
FTSE 100 / Jun 14	8,850.63
Dow Jones / Jun 14	42,197.79
Germany DAX 30 / Jun 14	23,516.23
France CAC40 / Jun 14	7,784.68

Item	Value
Crude Oil USD/Barrel / Jun 14	72.98
Karachi Cotton PKR/37.32 KG / Jun 14	16,485
Gold 10 Grams PKR / Jun 14	310,007
Gold Spot USD/Ounce / Jun 14	3,432.34
Cotton US¢/pound / Jun 14	67.84
Petrol/Litre / Jun 15	253.63
Diesel/Litre / Jun 15	254.64

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.93 ▲ 1 (51.81%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	3.06 ▲ 0.94 (44.34%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.39 ▲ 1 (41.84%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.71 ▲ 0.58 (27.23%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Unicap Modaraba / Jun 13 Unicap Modaraba(UCAPM)	3.65 ▲ 0.48 (15.14%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	3.56 ▲ 0.36 (11.25%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
AN Textile Mills / Jun 13 AN Textile Mills Limited(ANTM)	15.49 ▲ 1.41 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)

Stock	Price
Shaheen Ins. / Jun 13 Shaheen Insurance Company Limited(SHNI)	4.75 ▼ -0.65 (-12.04%)
Trust Sec.& Brok. / Jun 13 Trust Securities & Brokerage Limited(TSBL)	12.20 ▼ -1.36 (-10.03%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
F.Credit & Inv / Jun 13 First Credit and Investment Bank Limited(FCIBL)	11.23 ▼ -1.24 (-9.94%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.72 ▼ -4.26 (-9.69%)
Crescent Cotton / Jun 13 Crescent Cotton Mills Limited(CCM)	50.41 ▼ -5.4 (-9.68%)
Shahtaj Textile / Jun 13 Shahtaj Textile Limited(STJT)	78.62 ▼ -8.32 (-9.57%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.69 ▼ -3.23 (-9.52%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	116,655,242 ▲ 1
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	100,891,108 ▲ 0.08
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	85,324,384 ▲ 0.94
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	30,960,243 ▲ 0.62
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	27,555,139 ▼ -0.26
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	27,294,482 ▲ 0.17
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	27,189,737 ▲ 0.58
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	26,834,469 ▼ -0.35
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	23,063,464 ▲ 1
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	21,700,047 ▼ -0.4

Markets →

oil market

Most Popular