Middle East Africa Energy

Energy

Iraqi, Saudi energy ministers say committed to output cuts

 Both sides said they were satisfied with improving oil market conditions, the agency added. 
 Saudi news channel

Published 23 May, 2020 07:47pm

Energy

Kuwait and Saudi Arabia to halt production from Al-Khafji joint oil field for a month

"Production cuts comes after OPEC+ meeting in April to cut oil production to rebalance global oil markets". "P

Published 20 May, 2020 10:09pm

Energy

Lebanon seeks foreign government-backed financing for power plants after default

Lebanon defaulted on sovereign debt in March Power reform seen as critical to fixing state finances Leban

Published 20 May, 2020 07:17pm

Energy

Saudi Arabia crude exports rise to 7.391mn bpd in March

Saudi Arabia built up its crude stocks in March by more than 3.5 million barrels to 2,964 million barrels from minu

Published 18 May, 2020 04:33pm

Energy

Abu Dhabi borrows $7bn as low oil price bite

OPEC kingpin Saudi Arabia last week raised $7 billion in a bond sale, while gas-rich Qatar sold bonds worth $10 bil

Published 19 Apr, 2020 02:48pm

Energy

Saudi Arabia seeks urgent OPEC+ meeting to stabilise oil market

The kingdom calls for an urgent meeting of OPEC+ and a group of other countries with the aim to try and reach a fai

Published 02 Apr, 2020 03:02pm

Energy

Saudi Arabia's crude oil supply rises above 12mn bpd

A global oil supply cut pact expired on Tuesday, lifting restrictions on output by OPEC members, Russia and other p

Published 01 Apr, 2020 02:03pm

Energy

Saudi Arabia's crude oil stockpiles fall in Dec

The top OPEC exporter pumped 9.594 million bpd in December, down from 9.890 million bpd in November. Crude exp

Published 18 Feb, 2020 10:19am

Energy

Saudi Arabia crude exports unchanged at 7.37mn bpd in December 2019

The country's crude output fell by 296,000 bpd to 9.59 million bpd in December, the data from the Joint Organisatio

Published 17 Feb, 2020 03:02pm

Energy

Saudi crude exports rise to 7.37mn bpd in November 2019: JODI

Crude oil exports in November 2019 rose to 7.37 million barrels per day, from 7.06 million bpd in October. Mon

Published 20 Jan, 2020 12:44pm

Energy

Nigeria inks major LNG expansion with oil majors

Train 7 will boost LNG output to 30 mln t/y Deal shows "renewed confidence" from investors - Kyari FID wa

Published 27 Dec, 2019 01:35pm

Energy

Billion-dollar LNG project in southern Mozambique expected in 2020

The project will see a floating storage and regasification unit moored in the harbour of Matola, a suburb of the ca

Published 27 Nov, 2019 09:30pm

Energy

Qatar LNG production to rise to 126mn T by 2027

Qatar is one of the most influential players in the LNG market due to its huge production. The estimated incre

Published 25 Nov, 2019 11:09am

Energy

Saudi oil output seen at 9.86mn bpd in Oct, Nov

Saudi Arabia will reach 12 million bpd of oil production capacity. RIYADH: Saudi Energy Minister Prince Abdul

Published 14 Oct, 2019 10:33am

Energy

Egypt lowers fuel prices after protests

Egypt lowered fuel prices on Friday, the oil ministry said. The move comes a week after rare protests broke ou

Published 04 Oct, 2019 12:17pm

Energy

Azerbaijan ships 164,900 T of oil via Russia in Sept

Azerbaijan shipped 164,900 tonnes of oil via Russia in September, two months after it resumed shipments after a fou

Published 02 Oct, 2019 12:11pm

Energy

Iraq oil exports fell to 3.576mn bpd in September

Iraq's oil deliveries to Jordan by trucks were at 7,000 barrels per day. The average sale price in September w

Published 01 Oct, 2019 02:14pm

Energy

Saudi Aramco plans to pay base dividend of $75 billion in 2020

Saudi Aramco plans to pay a base dividend of $75 billion in 2020, it said in a corporate overview posted to its web

Published 30 Sep, 2019 02:02pm

Energy

Nigeria lost 22 million barrels of oil in six months: official

Nigeria lost 22 million barrels of oil in six months, worth $1.35 billion. The alarming news was delivered by

Published 20 Sep, 2019 08:45am

Energy

U.S. and Gulf allies discuss response to Saudi oil attack

Gulf allies possible responses to an attack on Saudi oil facilities they blame on Iran and which U.S. Secretary of

Published 19 Sep, 2019 10:57am

Energy

Saudi Arabia promises concrete proof Iran behind oil attack

JEDDAH: Saudi Arabia said it would produce evidence on Wednesday linking regional rival Tehran to an unprecedented attac

Published 18 Sep, 2019 10:40am

Energy

Saudi, Russia call for better compliance with oil cuts

ABU DHABI: Saudi Arabia and Russia called on Thursday for members of OPEC and its allies to better comply with oil produ

Published 12 Sep, 2019 08:53am

Energy

Jordan receives first Iraqi oil for 5 years

AMMAN: Jordan said it received its first shipment Wednesday of Iraqi oil, interrupted for five years by the Islamic Stat

Published 04 Sep, 2019 10:18pm

Energy

Qatar Petroleum books full capacity of Belgian LNG terminal up to 2044

CAIRO: Qatar Petroleum on Monday said that affiliates of the company and the Belgian independent natural gas transport c

Published 02 Sep, 2019 09:12pm

Energy

Eni reports huge oil, gas find in Nigeria

LAGOS: Italian oil major Eni said Wednesday that Nigerian subsidiary Agip has found lots of gas and oil in an onshore fa

Published 28 Aug, 2019 10:35am

Energy

Africa Crude-Spot market muted, Pertamina issues tender

LONDON: A sizeable overhang of September-loading crude weighed on the market on Tuesday, with October trading yet to get

Published 27 Aug, 2019 08:06pm

Energy

Iran says oil tanker breaks down in Red Sea

DUBAI: An Iranian oil tanker has broken down in the Red Sea but the crew are safe and repairs are underway, Iran's state

Published 21 Aug, 2019 08:09am

Energy

UAE's ADNOC acquires stake in VTTI oil storage business

DUBAI: Abu Dhabi National Oil Co (ADNOC) said on Wednesday it will acquire a stake in VTTI, a Vitol-backed global energy

Published 07 Aug, 2019 12:00pm

Energy

Saudi energy minister, US counterpart express concern over threats targeting freedom of maritime traffic

CAIRO: Saudi Arabia's energy minister Khalid Al-Falih and US Energy Secretary Rick Perry on Tuesday expressed concer

Published 06 Aug, 2019 09:33pm

Energy

Saudi non-oil private sector growth slips to five-month low in July -PMI

DUBAI: Growth in Saudi Arabia's non-oil private sector lost momentum and slipped to a five-month low in July partly beca

Updated 05 Aug, 2019 10:19am

Gainers
Losers
Leaders

Stock	Price
Thatta Cement / Jan 24 Thatta Cement Company Limited(THCCL)	19.85 ▼ -0.22 (1.79%)
Invest Cap. Bank / Jan 24 Invest Capital Investment Bank Limited(ICIBL)	3.54 ▲ 0.87 (1.14%)
Ravi Textile / Jan 24 Ravi Textile Mills Limited(RAVT)	10.25 ▼ -0.24 (0.99%)
1st Dawood / Jan 24 First Dawood Investment Bank Limited(FDIBL)	2.72 ▲ 0.39 (0.74%)
Telecard / Jan 24 Telecard Limited(TELE)	2.92 ▼ -0.11 (0.69%)
Systems Limited / Jan 24 Systems Limited(SYS)	461.00 ▲ 7.35 (0.66%)
Saudi Pak Leas. / Jan 24 Saudi Pak Leasing Company Limited(SPLC)	1.90 ▲ 0.25 (0.53%)
Shabbir Tiles / Jan 24 Shabbir Tiles & Ceramics Limited(STCL)	23.80 ▼ -0.02 (0.21%)
ECOPACK / Jan 24 Ecopack Limited(ECOP)	32.65 ▼ -0.06 (0.15%)
Pak Elektron / Jan 24 Pak Elektron Limited(PAEL)	39.86 ▲ 0.05 (0.15%)

Stock	Price
Grays Leas. / Jan 24 Grays Leasing Limited(GRYL)	5.12 ▼ 0.69 (-11.72%)
Chakwal Spinng / Jan 24 Chakwal Spinning Mills Limited(CWSM)	2.09 ▼ 0.06 (-4.57%)
Al Shaheer Corp.(R) / Jan 24 Al Shaheer Corporation (R)(ASCR1)	6.69 ▼ 0.29 (-2.34%)
Pak. Int. Airlines (A) / Jan 24 Pakistan International Airlines Corporation Limited (A)(PIAA)	4.60 ▼ 0.01 (-2.13%)
Quice Food / Jan 24 Quice Food Industries Limited(QUICE)	4.70 ▼ 0.05 (-1.47%)
Shifa Int. / Jan 24 Shifa International Hospitals Limited(SHFA)	240.51 ▲ -1.30 (-1.23%)
Byco Petr. / Jan 24 Byco Petroleum Pakistan Limited(BYCO)	9.56 ▼ 0.02 (-1.14%)
Crescent Star / Jan 24 Crescent Star Insurance Limited(CSIL)	2.66 ▲ -0.05 (-1.12%)
Aisha Steel / Jan 24 Aisha Steel Mills Limited(ASL)	23.76 ▲ -0.09 (-1.00%)
Dost Steel / Jan 24 Dost Steels Limited(DSL)	4.21 ▲ -0.01 (-0.94%)

Stock	Volume
K-Electric Ltd / Jan 24 K-Electric Limited(KEL)	25,544,000 ▲ -0.13
Invest Cap. Bank / Jan 24 Invest Capital Investment Bank Limited(ICIBL)	17,052,500 ▼ 0.87
Fauji Foods / Jan 24 Fauji Foods Limited(FFL)	15,931,500 ▼ 0.35
Fauji Fert. Bin / Jan 24 Fauji Fertilizer Bin Qasim Limited(FFBL)	12,716,500 ▼ 0.91
Pak Int.Bulk Ter / Jan 24 Pakistan International Bulk Terminal Limited(PIBTL)	10,844,500 ▼ 0.15
Hum Network / Jan 24 Hum Network Limited(HUMNL)	10,747,500 ▼ 0.14
Azgard Nine / Jan 24 Azgard Nine Limited(ANL)	6,722,500 ▼ 0.37
TRG Pak. / Jan 24 TRG Pakistan Limited(TRG)	6,425,000 ▲ -0.33
Lotte Chemical / Jan 24 Lotte Chemical Pakistan Limited(LOTCHEM)	4,377,500 ▼ 0.02
SILKBANK / Jan 24 Silkbank Limited(SILK)	4,347,000 ▼ 0.01

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 23	160.75
USD PKR Interbank Buying / Jan 23	160.65
USD to Japanese Yen / Jan 23	103.81
USD to Swiss Franc / Jan 23	0.89
Pound Sterling to USD / Jan 23	1.37
Euro to USD / Jan 23	1.22

Stock	Volume
S&P 500 / Jan 23	3850.96
India Sensex / Jan 23	48878.54
Tokyo Nikkei / Jan 23	28631.45
Nasdaq / Jan 23	13559.29
Hang Seng / Jan 23	29447.85
FTSE 100 / Jan 23	6695.07
Dow Jones / Jan 23	31048.96
Germany DAX 30 / Jan 23	13873.97
France CAC40 / Jan 23	5559.57

Indicator	Value
UK LIBOR % / Jan 23	0.09

Middle East Africa Energy

Iraqi, Saudi energy ministers say committed to output cuts

Kuwait and Saudi Arabia to halt production from Al-Khafji joint oil field for a month

Lebanon seeks foreign government-backed financing for power plants after default

Saudi Arabia crude exports rise to 7.391mn bpd in March

Abu Dhabi borrows $7bn as low oil price bite

Saudi Arabia seeks urgent OPEC+ meeting to stabilise oil market

Saudi Arabia's crude oil supply rises above 12mn bpd

Saudi Arabia's crude oil stockpiles fall in Dec

Saudi Arabia crude exports unchanged at 7.37mn bpd in December 2019

Saudi crude exports rise to 7.37mn bpd in November 2019: JODI

Nigeria inks major LNG expansion with oil majors

Billion-dollar LNG project in southern Mozambique expected in 2020

Qatar LNG production to rise to 126mn T by 2027

Saudi oil output seen at 9.86mn bpd in Oct, Nov

Egypt lowers fuel prices after protests

Azerbaijan ships 164,900 T of oil via Russia in Sept

Iraq oil exports fell to 3.576mn bpd in September

Saudi Aramco plans to pay base dividend of $75 billion in 2020

Nigeria lost 22 million barrels of oil in six months: official

U.S. and Gulf allies discuss response to Saudi oil attack

Saudi Arabia promises concrete proof Iran behind oil attack

Saudi, Russia call for better compliance with oil cuts

Jordan receives first Iraqi oil for 5 years

Qatar Petroleum books full capacity of Belgian LNG terminal up to 2044

Eni reports huge oil, gas find in Nigeria

Africa Crude-Spot market muted, Pertamina issues tender

Iran says oil tanker breaks down in Red Sea

UAE's ADNOC acquires stake in VTTI oil storage business

Saudi energy minister, US counterpart express concern over threats targeting freedom of maritime traffic

Saudi non-oil private sector growth slips to five-month low in July -PMI

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