Trends - OPEC - Business Recorder

OPEC

Asia Fuel Oil: VLSFO crack slips as crude climbs

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) crack against Dubai crude fell to $12.28 a barrel on...

Published 03 Jun, 2021 04:13am

Markets

Oil hits over 1-year high on OPEC+ supply discipline, demand prospects

NEW YORK: Oil prices surged on Wednesday, hitting the highest in more than a year on lift from a decision by OPEC ...

Published 03 Jun, 2021 04:13am

Markets

Oil builds on gains as recovery picks up but equities mixed

On Tuesday, OPEC+ agreed to continue lifting output in July, having started slowly doing so in early May.

Published 02 Jun, 2021 05:40pm

Markets

Oil settles up after hitting 15-month highs on demand prospects

• OPEC, allies agree to continue planned crude output increases NEW YORK: Oil prices settled higher on Tuesday,...

Published 02 Jun, 2021 04:29am

Markets

Oil rises to highest since March on demand prospects

OPEC+ decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July, anticipating rising global demand despite the high number of coronavirus cases in India, the world's third-largest oil consumer.

Published 01 Jun, 2021 11:15pm

Markets

Crude, equities advance on signs of recovery

London stocks, resuming trade after a long holiday weekend in the UK, were also higher, with shares in heavyweight oil and mining groups in demand on rising commodity prices.

Published 01 Jun, 2021 09:24pm

BR Research

Oil rebalancing

After stabilizing, oil seems to be entering a stronger phase or maybe its learning to live with the pandemic; not...

Published 01 Jun, 2021 07:35am

Markets

Oil up, near $70 a barrel as demand outlook improves

• OPEC+ to meet on Tuesday • Producers likely to stick to gradual easing of supply cuts CALGARY, (Alberta): ...

Published 01 Jun, 2021 04:59am

Markets

Iran oil minister calls for tripling output as a 'priority'

TEHRAN: Iran should almost triple its crude output as a "priority" to boost its political clout, its oil minister...

Published 01 Jun, 2021 04:59am

Markets

OPEC oil output rise in May limited by Nigeria, Iran losses: survey

OPEC May output rises 280,000 bpd from April.
Compliance with OPEC+ cut pledges slips to 122%.
Saudi posts OPEC's biggest output gain.

Published 31 May, 2021 06:29pm

Markets

OPEC+ JTC keeps 2021 oil demand growth forecast unchanged

The JTC was meeting on Monday to assess market fundamentals ahead of a ministerial gathering on Tuesday of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group know as OPEC+.

Published 31 May, 2021 06:27pm

Markets

Global oil deficit seen at 1mn bpd, Russia's Novak says

He added that the Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+.

Published 26 May, 2021 02:19pm

Markets

Nigeria’s oil exports drop

LONDON: Oil exports from Nigeria, Africa’s top producer and an OPEC member, have dropped by 130,000 barrels per ...

Published 23 May, 2021 03:06am

Markets

Oil falls 2pc on possible return of Iranian supply

• India’s top refiner to buy Iranian oil if sanctions lifted • OPEC says IEA net-zero pathway could add to...

Published 21 May, 2021 05:04am

Markets

Russian oil giant Rosneft back in black as prices recover

MOSCOW: Russian oil giant Rosneft said Friday that its earnings were back in the black in the first quarter after ...

Published 17 May, 2021 06:14am

Oil demand drops as virus surges: IEA

PARIS: Oil demand dropped last month as the coronavirus surged in India and elsewhere, the IEA said Wednesday, in a...

Published 13 May, 2021 03:10am

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

Asia gasoline, naphtha cracks edge lower despite weaker crude

SINGAPORE: Asia’s gasoline and naphtha cracks both edged lower on Monday, reversing an upward trend seen ...

Published 04 May, 2021 04:26am

Markets

OPEC’s share of Indian oil imports plunges

NEW DELHI: OPEC’s share of India’s oil imports fell to the lowest in at least two decades in the year to the end...

Published 04 May, 2021 04:26am

Markets

Oil drops towards $66 as India demand concerns weigh

In another development that could allow a further boost in Iranian supply, Tehran and world powers are holding talks to revive the 2015 nuclear deal.

Published 03 May, 2021 01:38pm

Markets

Oil prices rise despite OPEC+ sticking to raising output

NEW YORK: Oil prices edged higher on Tuesday as OPEC, Russia and their allies will stick to plans to raise output...

Published 28 Apr, 2021 03:18am

Markets

Oil rises to $66 ahead of OPEC+ meeting, India weighs

OPEC+ brings forward monitoring meeting to Tuesday.
India's total COVID-19 deaths near 200,000.
Iran nuclear talks due to resume on Tuesday.
Coming up: API oil inventory report, 2030 GMT.

Published 27 Apr, 2021 06:52pm

Markets

Oil falls on India’s Covid surge; OPEC+ limits drop

NEW YORK: Oil pared its losses on Monday as the Organization of the Petroleum Exporting Countries and its allies...

Published 27 Apr, 2021 03:02am

Business & Finance

OPEC+ keeps oil demand forecast, but worried by COVID surge

In its most recent monthly oil market report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth by 70,000 barrels per day (bpd) to 5.95 million bpd.
The JTC meeting also expressed concern about rising COVID-19 cases in India, Japan and Brazil, the sources added.

Published 26 Apr, 2021 08:38pm

Markets

Stocks trade mixed before Fed meeting, earnings

The dollar largely struggled before the Fed's rate decision Wednesday.

Published 26 Apr, 2021 06:40pm

Business & Finance

OPEC urges members to lobby against US NOPEC bill and outline risks

"These disadvantages might include: weakening the immunity principle at a global level, putting at risk US interests overseas, and the protection for their personnel and assets," the letter said.
Barkindo said "several prominent US economic actors" had expressed reservations about the NOPEC bill, including the US Chamber of Commerce.

Published 23 Apr, 2021 05:46pm

Markets

One year on from historic sub-zero plunge oil prices recover

The short but intense falling out between two heavyweights in the 13-member cartel of oil-producing nations and its 10 affiliates threatened world crude storage capacity levels with cheap oil.

Published 21 Apr, 2021 11:19am

Markets

Oil surges to fresh 4-week highs

• IEA and OPEC boost global oil demand growth forecasts for 2021 NEW YORK: Oil prices edged up to fresh four-week...

Published 16 Apr, 2021 03:40am

Markets

Oil surges as US stocks waffle on valuation fears

However, Coinbase shares finished at $328.28, well below the session peak of $429.54.

Published 15 Apr, 2021 10:26am

Goodbye oil glut thanks to OPEC+ and recovery: IEA

PARIS: A glut in global oil markets is being worked off as the world economy begins to recover from the Covid-19...

Published 15 Apr, 2021 03:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 2	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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