ANL 15.34 Decreased By ▼ -0.54 (-3.4%)
ASC 13.24 Decreased By ▼ -0.26 (-1.93%)
ASL 17.60 Decreased By ▼ -0.70 (-3.83%)
BOP 8.70 Decreased By ▼ -0.18 (-2.03%)
BYCO 7.20 Decreased By ▼ -0.15 (-2.04%)
FCCL 18.44 Increased By ▲ 0.35 (1.93%)
FFBL 22.95 Decreased By ▼ -0.15 (-0.65%)
FFL 15.05 Decreased By ▼ -0.25 (-1.63%)
FNEL 7.09 Decreased By ▼ -0.02 (-0.28%)
GGGL 16.70 Decreased By ▼ -0.16 (-0.95%)
GGL 27.80 Decreased By ▼ -0.35 (-1.24%)
HUMNL 6.70 Increased By ▲ 0.06 (0.9%)
JSCL 19.25 Decreased By ▼ -0.35 (-1.79%)
KAPCO 26.70 Decreased By ▼ -0.30 (-1.11%)
KEL 3.42 Decreased By ▼ -0.01 (-0.29%)
MDTL 2.14 Decreased By ▼ -0.04 (-1.83%)
MLCF 35.30 Increased By ▲ 0.29 (0.83%)
NETSOL 101.20 Decreased By ▼ -2.55 (-2.46%)
PACE 4.11 Decreased By ▼ -0.07 (-1.67%)
PAEL 26.19 Decreased By ▼ -0.96 (-3.54%)
PIBTL 8.14 Decreased By ▼ -0.06 (-0.73%)
POWER 7.25 Increased By ▲ 0.32 (4.62%)
PRL 16.11 Decreased By ▼ -0.33 (-2.01%)
PTC 9.04 Decreased By ▼ -0.04 (-0.44%)
SILK 1.47 Decreased By ▼ -0.03 (-2%)
SNGP 39.97 Decreased By ▼ -0.78 (-1.91%)
TELE 16.55 Decreased By ▼ -0.59 (-3.44%)
TRG 126.00 Decreased By ▼ -4.36 (-3.34%)
UNITY 29.35 Decreased By ▼ -0.55 (-1.84%)
WTL 2.38 Decreased By ▼ -0.05 (-2.06%)
BR100 4,730 Decreased By ▼ -33.56 (-0.7%)
BR30 20,317 Decreased By ▼ -354.35 (-1.71%)
KSE100 45,578 Decreased By ▼ -243.04 (-0.53%)
KSE30 17,872 Decreased By ▼ -134.34 (-0.75%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,359
1524hr
Pakistan Cases
1,267,945
55224hr
1.41% positivity
Sindh
467,142
Punjab
438,818
Balochistan
33,171
Islamabad
106,655
KPK
177,349

Crude Oil

Oil prices rise as easing of lockdowns spurs fuel demand hopes

Oil prices rise as easing of lockdowns spurs fuel demand hopes

  • Brent crude futures rose 0.3%, or 14 cents, by 0435 GMT to $40.94 a barrel. The benchmark contract had fallen $1.50 on Monday, snapping a seven-day streak of gains.
  • U.S. West Texas Intermediate (WTI) crude futures rose 0.7%, or 26 cents, to $38.45 a
Updated 09 Jun, 2020 03:10pm
Iraq is fully committed to the OPEC+ cut deal
Markets

Iraq is fully committed to the OPEC+ cut deal

  • OPEC, Russia and other producers agreed on Saturday to extend record output cuts of 9.7 million barrels per day into July.
  • Abdul Jabbar said his country is fully committed to cut its production in June and July in compliance with the OPEC+ deal.
Published 09 Jun, 2020 02:40am
Russia to cut 2020 oil output to 510-520mn tonnes
Markets

Russia to cut 2020 oil output to 510-520mn tonnes

  • Novak, speaking shortly after OPEC, Russia and others agreed to extend record oil production cuts until the end of July. *Russia will fully comply with the deal this month, Novak told reporters in Moscow.
Published 07 Jun, 2020 02:03am
Production at Libya's Sharara oilfield restarts, engineers say
Markets

Production at Libya's Sharara oilfield restarts, engineers say

  • The restart at the field in southwest Libya followed a rapid military retreat by forces loyal to eastern-based commander Khalifa Haftar.
  • GNA forces have been advancing from Tripoli towards the south and east as Haftar's forces retreat.
  • Output at Sha
Published 07 Jun, 2020 12:56am
Mexico restates commitment to April accord after OPEC+ talks
Markets

Mexico restates commitment to April accord after OPEC+ talks

  • Comprising OPEC members and allies led by Russia, the group known as OPEC+ agreed in April to cut supply .
  • Under that deal, Mexico pledged to reduce its crude output by 100,000 bpd in May and June,
  • Writing on Twitter, Energy Minister Rocio Nahle sai
Published 07 Jun, 2020 12:35am
Oil tops $40 on OPEC cuts and demand recovery
Business & Finance

Oil tops $40 on OPEC cuts and demand recovery

  • Suggesting a supply glut is easing, the American Petroleum Institute on Tuesday said that U.S. crude inventories fell by 483,000 barrels.
  • Both benchmarks have surged in recent weeks, with Brent more than doubling after hitting a 21-year low below $
Published 03 Jun, 2020 03:16pm
Oil steady as OPEC+ considers extension to output curbs
Markets

Oil steady as OPEC+ considers extension to output curbs

  • Benchmark Brent crude was up 19 cents, or 0.5pc, at $38.03 a barrel at 1126 GMT. US crude had dipped 11 cents, or 0.3pc, at $35.38 a barrel.
  • Tension between China and the United States was also encouraging some caution after Beijing warned of retali
Published 01 Jun, 2020 06:54pm