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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

Energy

Kuwait, Iraq sign up UK energy adviser for joint oilfield study

DUBAI: Kuwait and Iraq signed an agreement on Friday with British energy advisory firm ERC Equipoise to prepare a st

Published 02 Aug, 2019 07:08pm

Energy

Saudi Arabia keeps July oil output below 10 mn bpd- Saudi source

DUBAI: Saudi Arabia's oil production fell to 9.6 million barrels per day in July and will stay below 10 million bpd in t

Published 31 Jul, 2019 02:57pm

Energy

Oman signs gas exploration agreement with Italy's Eni and BP Oman

DUBAI: Oman's ministry of oil and gas has signed a gas exploration agreement with Italy's Eni and BP Oman for concession

Published 31 Jul, 2019 08:43am

Energy

Singapore's sovereign wealth fund to invest $600 million ADNOC's crude pipelines

DUBAI: Singapore's sovereign wealth fund (GI.UL] will invest $600 million in ADNOC's crude pipeline infrastructure, foll

Published 30 Jul, 2019 01:28pm

Energy

Middle East Crude-Benchmarks mixed, Sakhalin premiums stay firm

SINGAPORE: Middle East crude benchmarks were mixed on Monday as Oman weakened after three strong sessions while Dubai an

Published 29 Jul, 2019 12:51pm

Energy

Old habits die hard: Saudi Arabia struggles to end oil addiction

DUBAI: When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly

Published 25 Jul, 2019 06:25am

Energy

Kuwaiti, Saudi officials discuss resuming Neutral Zone oil production

CAIRO: OPEC members Saudi Arabia and Kuwait have discussed resuming oil production in jointly operated fields in the

Published 24 Jul, 2019 07:49pm

Energy

Namibia plans to add 220 MW to electricity grid by 2023

WINDHOEK: Namibia's power utility NamPower plans to add 220 MW in new electricity capacity by 2023, as the uranium-p

Published 24 Jul, 2019 07:07pm

Energy

Libya resumes oil output at largest field after 'sabotage'

TRIPOLI: Libya announced the resumption of production Monday at its largest oil field and the loading of crude at a ship

Published 22 Jul, 2019 01:26pm

Energy

China/Abu Dhabi oil firms sign exploration, refining agreement

BEIJING/SINGAPORE/Dubai: China National Offshore Oil Co (CNOOC) has signed an agreement with Abu Dhabi National Oil Co (

Published 22 Jul, 2019 01:10pm

Energy

Zimbabwe increases fuel prices again, but pumps remain dry

HARARE: Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in s

Published 22 Jul, 2019 11:25am

Energy

Saudi Arabia's May crude exports hit lowest in over 1-1/2 years

Saudi Arabia's crude oil exports fell to their lowest since October 2017 in May at 6.94 million barrels per day (bpd), d

Published 19 Jul, 2019 07:50pm

Energy

Saudi Arabia's May crude exports hit lowest in over 1-1/2 years

Saudi Arabia's crude oil exports fell to their lowest since October 2017 in May at 6.94 million barrels per day (bpd

Published 19 Jul, 2019 03:43pm

Energy

Libya's H1 oil revenue dips to $10.2bn

TRIPOLI: Libya's oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, c

Published 15 Jul, 2019 03:05pm

Energy

West Africa Crude-Total awarded IOC tender with Suezmax

LONDON: Vitol and Total won a tender from India's IOC which closed on Thursday, with the latter due to send a Suezmax fo

Published 12 Jul, 2019 08:21pm

Energy

Kuwait Petroleum hires NBK Capital to advise on $2bn financing

KUWAIT: Kuwait Petroleum Corp has hired NBK Capital to advise it on a financing of around $2 billion that is likely to c

Published 09 Jul, 2019 09:17pm

Energy

Aramco awards $18bn in contracts to boost capacity at Marjan, Berri oilfields

DUBAI: Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construc

Published 09 Jul, 2019 09:00pm

Energy

Saudi Arabia keeps its oil output steady in June

DUBAI: Saudi Arabia has pumped 9.782 million barrels of oil per day (bpd) in June, an OPEC source said on Friday, up

Published 05 Jul, 2019 01:31pm

Energy

Nigeria's state oil firm to change payment structure for joint ventures

LAGOS: Nigeria's NNPC said on Thursday it was planning to change the way energy joint ventures paid operating costs to h

Published 04 Jul, 2019 09:05pm

Energy

Nigeria's NNPC says it paid debts owed to Mobil Producing Nigeria

LAGOS: Nigerian state oil company NNPC on Wednesday said it had fully settled its debts to ExxonMobil's local subsidiary

Published 03 Jul, 2019 09:17pm

Energy

Shell, Nigerian communities agree to reopen oil flow station, says official

ABUJA: International oil major Shell and Nigerian stakeholder communities agreed to reopen the flow station for the Oil

Published 02 Jul, 2019 08:24pm

Energy

Saudi Arabia's Falih says Aramco IPO to happen in 2020-21

VIENNA: Saudi Arabia is working towards listing Saudi Aramco in 2020-21 as the state oil giant moves towards completing

Published 02 Jul, 2019 08:22pm

Energy

Iraq oil minister says OPEC members seek inventories control, market balance

DUBAI: Iraq's oil minister said on Monday that his government and the rest of OPEC seek to control global oil invent

Published 01 Jul, 2019 02:18pm

Energy

Saudi Falih says OPEC consensus is for rollover of oil cut

VIENNA: OPEC members agree on the need to extend oil production cuts but are undecided whether it needs to be for six or

Published 30 Jun, 2019 08:05pm

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 21	278.12
USD PKR Interbank Buying / Jul 21	277.92
USD to Japanese Yen / Jul 21	163.14
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 21	3.59

Stock	Volume
S&P 500 / Jul 21	7,509.20
India Sensex / Jul 21	77,470.11
Nasdaq / Jul 21	25,837.21
FTSE 100 / Jul 21	10,585.91
Dow Jones / Jul 21	52,224.64
Germany DAX 30 / Jul 21	25,011.35
France CAC40 / Jul 21	8,363.14
Tokyo Nikkei / Jul 22	67,511.12
Hang Seng / Jul 22	24,903.04

Item	Value
Crude Oil USD/Barrel / Jul 21	85.03
Karachi Cotton PKR/37.32 KG / Jul 21	18,880
Gold 10 Grams PKR / Jul 21	368,000
Gold Spot USD/Ounce / Jul 21	4,114.26
Cotton US¢/pound / Jul 21	80.06
Petrol/Litre / Jul 22	320.73
Diesel/Litre / Jul 22	367.21

Gainers
Losers
Leaders

Stock	Price
Invest Capital Invest Bank / Jul 22 Invest Capital Investment Bank Limited(ICIBL)	23.93 ▲ 2.18 (10.02%)
Dadabhoy Cement / Jul 22 Dadabhoy Cement Industries Limited(DBCI)	22.64 ▲ 2.06 (10.01%)
Gammon Pak / Jul 22 Gammon Pakistan Limited(GAMON)	24.18 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jul 22 Leather Up Limited(LEUL)	55.64 ▲ 5.06 (10%)
National Silk / Jul 22 The National Silk & Rayon Mills Limited(NSRM)	362.31 ▲ 32.94 (10%)
Pak.Int.Cont.. / Jul 22 Pakistan International Container(PICT)	58.50 ▲ 5.32 (10%)
Ahmad Hassan / Jul 22 Ahmad Hassan Textile Mills Limited(AHTM)	121.25 ▲ 11.02 (10%)
Asia Ins. / Jul 22 Asia Insurance Company Limited(ASIC)	45.86 ▲ 4.17 (10%)
Olympia Mills / Jul 22 Olympia Mills Limited(OML)	142.44 ▲ 12.27 (9.43%)
Sindh Abadgar / Jul 22 Sindh Abadgar's Sugar Mills Limited(SASML)	398 ▲ 31.99 (8.74%)

Stock	Price
Khairpur Sug. / Jul 22 Khairpur Sugar Mills Limited(KPUS)	1,364.30 ▼ -151.59 (-10%)
Shams Textile / Jul 22 Shams Textile Mills Limited(STML)	53.71 ▼ -5.97 (-10%)
Suhail Jute / Jul 22 Suhail Jute Mills Limited(SUHJ)	245 ▼ -25.97 (-9.58%)
JS Investments / Jul 22 JS Investments Limited(JSIL)	42.50 ▼ -3.25 (-7.1%)
Crescent Cotton / Jul 22 Crescent Cotton Mills Limited(CCM)	60.51 ▼ -4.35 (-6.71%)
Service Textile / Jul 22 Service Industries Textiles Limited(SERT)	47.51 ▼ -2.93 (-5.81%)
AN Textile Mills / Jul 22 AN Textile Mills Limited(ANTM)	52.52 ▼ -2.83 (-5.11%)
First AL-Noor Mod. / Jul 22 First Al-Noor Modaraba(FANM)	7.36 ▼ -0.34 (-4.42%)
Premier Insurance / Jul 22 Premier Insurance Limited(PINL)	10.55 ▼ -0.46 (-4.18%)
GOC (Pak) / Jul 22 GOC (Pak) Limited.(GOC)	196.01 ▼ -8.45 (-4.13%)

Stock	Volume
Trust Sec.& Brok. / Jul 22 Trust Securities & Brokerage Limited(TSBL)	49,904,892 ▲ 0.14
Cnergyico PK / Jul 22 Cnergyico PK Limited(CNERGY)	14,060,104 ▲ 0.05
TPL Properties / Jul 22 TPL Properties Limited(TPLP)	8,779,984 ▲ 0.09
Pak Refinery / Jul 22 Pakistan Refinery Limited(PRL)	5,984,706 ▲ 0.71
F. Nat.Equities / Jul 22 First National Equities Limited(FNEL)	3,980,177 ▲ 0.02
WorldCall Telecom / Jul 22 Worldcall Telecom Limited(WTL)	3,408,418 ▲ 0.01
TPL Corp Ltd / Jul 22 TPL Corp Limited(TPL)	2,240,096 ▼ -0.29
Dewan Farooque Sp. / Jul 22 Dewan Farooque Spinning Mills Limited(DFSM)	2,066,721 ▲ 1.14
K-Electric Ltd. / Jul 22 K-Electric Limited(KEL)	2,060,212 ▼ -0.05
Hum Network / Jul 22 Hum Network Limited(HUMNL)	1,602,837 ▲ 0.18

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