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Alexander Novak

Oil prices slide 6pc

Updated 21 May, 2026 05:29am

NEW YORK: Oil prices fell about 6 percent on Wednesday after US President Donald Trump said that negotiations with...

Russia says OPEC+ will continue after UAE exit, no price war expected

Published 30 Apr, 2026 12:24pm

Novak said he did not expect an oil price war to emerge following the UAE's exit given a global oil deficit

US natural gas futures climb

Published 28 Dec, 2025 03:08am

NEW YORK: US natural gas futures rose on Friday in thin-volume trading and logged a weekly gain, ending a two-week...

Russia delays LNG output target of 100MT per year

Published 26 Dec, 2025 05:46am

MOSCOW: Russia has pushed back by “several years” a plan to reach an annual liquefied natural gas output target of...

Moscow, Beijing discuss Russian oil exports boost

Published 25 Nov, 2025 08:41am

China and India have become the main buyers of Russian oil since the start of Russia’s military campaign in Ukraine in February 2022

Oil rises as investors bet on tighter supply, China’s economy

Updated 01 Apr, 2024 03:00pm

LONDON: Oil prices added to recent gains on Monday amid expectations of tighter supply from OPEC+ cuts and attacks...

Russia’s Arctic LNG 2 will not start shipments until March

Published 08 Feb, 2024 10:58am

Novatek, Russia’s largest producer of liquefied natural gas (LNG), will start loading first cargo from the Arctic...

Russia says redirected most oil exports to China, India

Published 28 Dec, 2023 04:52am

MOSCOW: Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak...

Russia says redirected most oil exports to China, India

Updated 27 Dec, 2023 04:57pm

MOSCOW: Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak...

Russia eyes additional oil export cuts of about 50,000bpd in Dec

Updated 18 Dec, 2023 08:35am

MOSCOW: Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or...

Oil prices end little change

Published 06 Dec, 2023 04:27am

NEW YORK: Oil prices were little changed in volatile trade on Tuesday as a stronger US dollar and demand concerns...

Angola, Nigeria target higher oil output amid OPEC+ talks

Published 24 Nov, 2023 05:29am

LONDON: African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told...

Oil rises to highest in over seven months on supply worries

Published 04 Sep, 2023 06:21am

NEW YORK: Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, ...

China trade with Russia hits highest level since Ukraine war

Published 08 Jun, 2023 06:30am

BEIJING: China’s total trade with Russia in May soared to levels not seen since the beginning of Moscow’s war in...

Asia naphtha cracks firm

Published 26 May, 2023 06:48am

SINGAPORE: Asia’s naphtha refining margins firmed further to around $20 a tonne, reflecting the emergence of ...

OPEC+ likely to stick to its guns despite price slump, delegates say

Published 22 Mar, 2023 05:16pm

LONDON/DUBAI: OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end...

Russia’s Novak: Moscow to maintain 500,000 bpd oil output cut to end June

Published 21 Mar, 2023 08:12pm

MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels...

Russia sees risk of oil output dipping in 2023

Published 10 Feb, 2023 12:40pm

Russian Deputy Prime Minister Alexander Novak said on Friday there were risks that Russia’s oil production could...

Russia: EU price cap exemptions show our oil is still in demand

Published 08 Feb, 2023 12:01pm

Russian Deputy Prime Minister Alexander Novak said on Wednesday that European Union moves to add what he called...

Russian oil output, exports stable despite sanctions

Published 01 Feb, 2023 08:26pm

MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with oil output and...

Natural gas: From Russia with love

Published 28 Dec, 2022 04:12am

That the news that Russia has plans to send natural gas to Pakistan is a highly positive development in view of...

Russia to increase oil exports by 7.5pc in 2022: TASS

Published 27 Dec, 2022 06:07am

MOSCOW: Russia will increase oil exports by 7.5% to 242 million tonnes in 2022, TASS news agency cited Russian ...

Russia ready to modify gas deal with Hungary if EU price cap requires it: minister

Published 13 Dec, 2022 11:09pm

BUDAPEST: Hungary's foreign minister said on Tuesday he had spoken with Russian Deputy Prime Minister Alexander ...

Russia-Iran swap deal could include oil, 10bcm of gas a year

Published 07 Oct, 2022 05:59am

MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Thursday that a swap deal with Iran may initially...

Oil up nearly 3pc as OPEC+ agrees to small oil output cut

Published 06 Sep, 2022 04:08am

HOUSTON: Oil prices rose about 3% on Monday, as OPEC+ members agreed to a small production cut of 100,000 barrels ...

Putin and Erdogan agree to boost cooperation, some rouble payments for gas

Published 05 Aug, 2022 10:51pm

MOSCOW: Russian President Vladimir Putin and Turkish President Tayyip Erdogan agreed on Friday to boost cooperation...

Russia restarts major gas pipeline, expands Ukraine war goals

Published 21 Jul, 2022 10:53am

Russia is resuming supplies of gas via a major pipeline running through Ukraine to Europe on Thursday, the pipeline...

Saudi Arabia walks oil policy tightrope between Biden and Putin

Published 01 Jul, 2022 06:13am

Saudi Arabia’s push for swifter oil production hikes by OPEC+, which were agreed in June, involved...

Saudi Arabia energy minister holds talks with Russian deputy PM at St Petersburg forum

Published 16 Jun, 2022 01:46pm

Saudi Arabia energy minister Prince Abdulaziz bin Salman held talks with Russian Deputy Prime Minister Alexander...

Oil jumps 5pc as Caspian pipeline disruption adds to supply fears

Published 24 Mar, 2022 05:36am

• US crude stockpiles fall, output flat for 7th week in a row • Biden to meet NATO allies Thursday

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 15	160.23
USD to Swiss Franc / Jun 15	0.79
Pound Sterling to USD / Jun 15	1.40
Euro to USD / Jun 15	1.16
SOFR % / Jun 15	3.60

Stock	Volume
S&P 500 / Jun 15	7,554.29
India Sensex / Jun 15	76,264.33
Tokyo Nikkei / Jun 15	69,317.50
Nasdaq / Jun 15	26,683.94
Hang Seng / Jun 15	24,842.67
FTSE 100 / Jun 15	10,430.62
Dow Jones / Jun 15	51,671.03
Germany DAX 30 / Jun 15	24,894.01
France CAC40 / Jun 15	8,384.01

Item	Value
Crude Oil USD/Barrel / Jun 15	81.48
Karachi Cotton PKR/37.32 KG / Jun 15	21,080
Gold 10 Grams PKR / Jun 15	389,600
Gold Spot USD/Ounce / Jun 15	4,317.83
Cotton US¢/pound / Jun 15	76.81
Petrol/Litre / Jun 16	373.78
Diesel/Litre / Jun 16	378.78

Gainers
Losers
Leaders

Stock	Price
Arctic Textile / Jun 12 Arctic Textile Mills Limited(ARCTM)	33.75 ▲ 3.07 (10.01%)
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37.02 ▲ 3.37 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Int. Knit. / Jun 12 International Knitwear Limited(INKL)	92.20 ▲ 8.38 (10%)
Siddiqsons Tin / Jun 12 Siddiqsons Tin Plate Limited(STPL)	8.44 ▲ 0.73 (9.47%)
IGI Holdings / Jun 12 IGI Holdings Limited(IGIHL)	284.15 ▲ 23.93 (9.2%)
Leiner Pak Gelat / Jun 12 Leiner Pak Gelatine Limited(LPGL)	100.33 ▲ 8.38 (9.11%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Pak Agro Pack. (GEM) / Jun 12 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9.45 ▼ -1 (-9.57%)
Pak Qatar Family / Jun 12 Pak Qatar Family Takaful Limited(PAKQATAR)	22.19 ▼ -2.28 (-9.32%)
ARM Green Industries / Jun 12 ARM Green Industries Limited(ARMG)	46.40 ▼ -4.77 (-9.32%)
Power Cem(Pref) / Jun 12 Power Cement (Pref)(POWERPS)	23.80 ▼ -2.36 (-9.02%)
East West Ins. / Jun 12 East West Insurance Company Limited(EWIC)	48.54 ▼ -4.42 (-8.35%)
Unicap Modaraba / Jun 12 Unicap Modaraba(UCAPM)	5.20 ▼ -0.45 (-7.96%)
Pak Qatar Gen.Takaful / Jun 12 Pak Qatar General Takaful Limited(PQGTL)	15.42 ▼ -1.33 (-7.94%)
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	20.42 ▼ -1.72 (-7.77%)

Stock	Volume
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	57,747,470 ▲ 0.15
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	52,924,034 ▲ 0.93
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	52,648,271 ▲ 0.45
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	40,511,471 ▲ 0
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	35,896,472 ▲ 4.01
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	33,427,696 ▼ -1.72
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	28,855,016 ▼ -0.02
TPL Corp Ltd / Jun 12 TPL Corp Limited(TPL)	25,681,007 ▼ -0.82
Pak Int.Bulk / Jun 12 Pakistan International Bulk Terminal(PIBTL)	24,755,100 ▲ 0.24
Waves Home Appliances / Jun 12 Waves Home Appliances Limited(WAVESAPP)	20,120,122 ▲ 0.31

Alexander Novak

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