Trends - Oil - Business Recorder

Oil

50 oil and gas companies pledge to cut operational emissions

DUBAI: Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their...

Published 03 Dec, 2023 02:59am

Markets

Oil exploration rights: Bids opened for 10 onshore blocks

ISLAMABAD: Bid Opening Committee under the chairmanship of DGPC publicly opened bids for 10 onshore blocks for grant...

Published 02 Dec, 2023 05:09am

Business & Finance

OPEC+ agrees to voluntary oil output cuts

LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to voluntary output cuts approaching 2 million barrels...

Published 01 Dec, 2023 04:43am

Markets

Oil prices fall amid skepticism on OPEC+ supply cuts

Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to...

Updated 30 Nov, 2023 10:30pm

Markets

Oil prices up in volatile trading

BENGALURU: Oil prices edged higher in volatile trading on Wednesday as investors focused their attention on an...

Published 30 Nov, 2023 04:53am

Markets

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns support

LONDON: Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output...

Updated 29 Nov, 2023 04:58pm

Markets

OPEC+ talks tough, policy rollover possible

LONDON: OPEC+ talks on 2024 oil policy are difficult, making a rollover of the previous agreement a possibility...

Published 29 Nov, 2023 05:09am

Markets

Asia stocks turn lower, gold jumps as oil slips

SYDNEY: Asian shares slipped on Monday ahead of potentially market-moving inflation data from the United States and...

Published 27 Nov, 2023 10:24am

Markets

Brent falls below $80 ahead of OPEC+ meeting

LONDON: Oil prices fell on Monday, with the Brent benchmark dropping below $80 a barrel as investors awaited this...

Updated 27 Nov, 2023 06:11pm

Markets

Gulf markets in the red on falling oil prices

DUBAI: Stock markets in the Gulf ended lower on Sunday in response to Friday’s fall in oil prices, although the...

Published 27 Nov, 2023 06:13am

Markets

Oil settles lower ahead of OPEC+ decision

LONDON: Oil fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium, but prices...

Published 26 Nov, 2023 03:31am

BR Research

Oil: Will Opec hit back hard?

Opec delaying its scheduled meeting by four days has taken the market by surprise – initiating a selloff that saw...

Published 24 Nov, 2023 08:32am

Markets

China oil demand growth likely to slow

BEIJING: China’s oil demand growth is likely to ease in the first half of 2024 to around 4%, according to...

Published 24 Nov, 2023 05:29am

Markets

Oil prices slip on concerns

HOUSTON: Oil prices dipped about 1% on Thursday, extending losses on expectations that after OPEC+ might not deepen...

Published 24 Nov, 2023 05:29am

Markets

Angola, Nigeria target higher oil output amid OPEC+ talks

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

Published 24 Nov, 2023 05:29am

Markets

Oil slips 2% on growing angst over delayed OPEC+ meeting

Oil prices dipped about 2% on Thursday, extending losses after the postponement of an OPEC+ meeting stoked...

Updated 23 Nov, 2023 10:05pm

Markets

Oil slumps over two percent

NEW YORK: Oil prices tanked more than 2% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on ...

Published 23 Nov, 2023 03:19am

OPEC+ postpones policy meeting to 30th, oil drops

DUBAI/LONDON: OPEC+ has delayed a ministerial meeting expected to discuss oil output cuts to Nov. 30 from Nov. 26 as...

Updated 23 Nov, 2023 09:42am

Markets

Oil tumbles nearly 4% as OPEC+ meeting delayed

Both Brent and WTI oil benchmarks have fallen for four straight weeks

Updated 22 Nov, 2023 10:41pm

Markets

Oil rises on expectations of further OPEC+ supply cuts

LONDON: Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to...

Updated 20 Nov, 2023 07:20pm

Markets

OPEC+ to consider whether more oil cuts needed

MOSCOW/LONDON: OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this...

Published 20 Nov, 2023 06:28am

Markets

Oil perks up after sharp week-long selloff on supply, demand concerns

LONDON: Global oil benchmark Brent remained stuck below $80 a barrel on Friday, but recouped some losses a day after...

Published 18 Nov, 2023 06:03am

Markets

Oil perks up after sharp week-long selloff on supply, demand concerns

LONDON: Oil prices edged higher on Friday, a day after sinking 5% to a four month-low on growing worries about...

Updated 17 Nov, 2023 05:22pm

Markets

Oil prices dive

HOUSTON: Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session, as investors...

Published 17 Nov, 2023 06:06am

Business & Finance

Oil prices hit 4-month low on concerns about US, Chinese economy

NEW YORK: Oil prices dropped more than 5% on Thursday to their lowest in four months, as investors worried about...

Published 17 Nov, 2023 06:06am

Markets

Oil prices dive on US crude build and China concerns

Oil prices fell more than $3 a barrel on Thursday, extending losses from the previous session, as investors in New...

Updated 16 Nov, 2023 09:58pm

Markets

Oil tumbles on big US crude stocks build, record

HOUSTON: Oil prices fell on Wednesday on a bigger-than-expected rise in US crude inventories and record production ...

Published 16 Nov, 2023 05:39am

Markets

Oil dips on prospect of peak US production, despite strong demand signals

LONDON: Oil prices dipped on Wednesday amid signs the United States, the world’s biggest oil producer, is at peak...

Updated 15 Nov, 2023 03:56pm

Business & Finance

China fuels increase in global oil demand: IEA

PARIS: World oil demand will rise slightly more than expected this year as China’s appetite for the fossil fuel ...

Published 15 Nov, 2023 06:09am

Markets

Oil climbs as IEA lifts demand growth forecast, US inflation cools

LONDON: Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts,...

Updated 14 Nov, 2023 08:39pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.85 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▼ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	85.40 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▼ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 4 Attock Cement Pakistan Limited(ACPL)	96.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.85 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▲ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	85.40 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▲ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 4 Attock Cement Pakistan Limited(ACPL)	96.07 ▲ 0.00 (0.00%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.00
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.00
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.00
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.00
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.00
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.00
Air Link Com. / Dec 4 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 0.00
Dewan Cement / Dec 4 Dewan Cement Limited(DCL)	12,062,500 ▲ 0.00
K-Electric Ltd. / Dec 4 K-Electric Limited(KEL)	10,296,343 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	146.82
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.27
Euro to USD / Dec 1	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14305.03
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15

Item	Value
Crude Oil USD/Barrel / Dec 1	74.07
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2072.22
Cotton US¢/pound / Dec 1	79.42

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