Trends - Oil and gas - Business Recorder

Oil and gas

PPL commences oil & gas production from Punjab

Pakistan Petroleum Limited (PPL), a key supplier of natural gas in the country, has commenced production of...

Updated 24 Nov, 2023 10:48pm

Markets

Indian Oil to double Ennore LNG terminal’s capacity to 10mn tpy

NEW DELHI: Indian Oil Corp, the country’s top refiner, aims to double the capacity of its liquefied natural gas...

Published 24 Nov, 2023 02:40pm

Markets

Oil prices steady ahead of OPEC+ oil production decision

Global benchmark Brent crude oil hovered above $81 a barrel on Friday ahead of next week’s OPEC+ meeting, which...

Updated 24 Nov, 2023 10:31pm

Markets

Oil firms face ‘moment of truth’ in climate crisis: IEA

PARIS: Oil and gas firms will face a crucial choice at UN climate talks next week between contributing to the ...

Published 24 Nov, 2023 05:29am

Saudi Aramco, PSO, TAPI gas pipeline: Oil, gas issues now come under sharper SIFC focus

ISLAMABAD: The Apex Committee (AC) of Special Investment Facilitation Council (SIFC) has directed Ministry of...

Updated 17 Oct, 2023 08:54am

Markets

Israel shuts down offshore Tamar gas field output

JERUSALEM: Israel is suspending production at the Tamar gas field off its southern coast and will seek alternative...

Published 09 Oct, 2023 05:10pm

OPEC leaders make case for fossil fuels at Riyadh climate event

RIYADH: OPEC heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the...

Updated 09 Oct, 2023 09:33am

Opinion

Evolution, challenges, and prospects of oil and gas exploration sector

Pakistan’s oil and gas exploration and production (E&P) sector has traversed a fascinating path since the ...

Published 07 Sep, 2023 06:21am

BR Research

MARI shines in FY23

FY23 has been a year of high prices, which meant growth in oil and gas E&P sector earnings. And then the local...

Published 11 Aug, 2023 08:26am

Opinion

Future drivers of country’s growth

The incumbent government, in the very last leg of its tenure, has sowed the seeds of agriculture, mineral and mines,...

Published 05 Aug, 2023 06:00am

Pakistan

Pakistan, China committed to continued CPEC expansion: FO

ISLAMABAD: Pakistan on Thursday said that – being a framework of regional connectivity – China-Pakistan Economic...

Published 07 Jul, 2023 05:24am

Markets

Oil industry should set carbon targets at COP28

VIENNA: The world’s oil and gas companies should set targets to cut greenhouse gas emissions by 2030 at the...

Published 07 Jul, 2023 05:24am

Markets

UAE climate chair urges oil firms to slash emissions

PARIS: The Emirati oil executive chairing this year’s UN climate summit, Sultan Al Jaber, told private and national...

Published 06 Jul, 2023 04:48pm

Opinion

And now Hydrogen from Earth

A new source of Hydrogen has been discovered recently. It has been named Natural/White Hydrogen. It is extracted...

Updated 06 Jul, 2023 02:46pm

Markets

Petroleum sector Rs1.5bn set aside under PSDP

ISLAMABAD: The federal government allocated development funds of Rs1.5 billion under the Public Sector Development...

Published 11 Jun, 2023 03:55am

Markets

US oil may retest resistance $74.54

SINGAPORE: US oil may retest a resistance at $74.54 per barrel, a break above which could lead to a gain to...

Published 29 May, 2023 11:05am

Markets

Oil dips as rate hike bets offset US debt deal

HOUSTON: Oil prices slipped on Monday, as worries over further interest rate hikes that could curb energy demand...

Updated 29 May, 2023 09:57pm

Markets

Iraq warned to end oil addiction to avoid ‘intensive care’

BAGHDAD: Oil-dependent Iraq has been warned its economy risks going into “intensive care” unless it diversifies in...

Published 28 May, 2023 10:24am

Business & Finance

Petronas says Malaysian anti-graft probe found no wrongdoing by the firm

KUALA LUMPUR: Malaysia’s state oil firm Petronas said on Saturday an anti-corruption probe into the firm’s dealings...

Published 27 May, 2023 10:25am

Markets

Gas discovered in Dadu district, says PPL

KARACHI: The Pakistan Petroleum Limited (PPL) has announced that gas has been discovered at the exploratory well...

Published 04 Apr, 2023 03:24am

Business & Finance

Activity in top US oilfields stall, outlook sours: Fed survey

WASHINGTON: US oil and gas activity stalled in the first quarter as production gains slowed and drillers’ outlooks...

Published 30 Mar, 2023 06:35am

London-listed CORO Energy seeks O&G JVs

ISLAMABAD: London- listed CORO Energy is seeking O&G joint venture opportunities in Pakistan. Coro Energy has...

Updated 28 Mar, 2023 08:48am

Business & Finance

Two oil exploring firms asked to clear royalty dues

ISLAMABAD: The Auditor General of Pakistan (AGP) has asked two oil and gas exploration companies to clear their...

Published 16 Mar, 2023 06:01am

Opinion

Oil and gas profits fuel UK worker demands for just energy future

When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and...

Published 07 Mar, 2023 03:16am

Markets

Oil prices edge higher, growth worries limit gains

LONDON: Oil prices rose on Monday from an 8% drop last week on supply concerns, but was still trading near...

Updated 06 Feb, 2023 06:00pm

Markets

OMV posts 5pc increase in core Q4 earnings

BERLIN, Austrian energy group OMV missed expectations for fourth-quarter core earnings because of lower crude ...

Published 06 Feb, 2023 07:38am

Business & Finance

Chevron annual profit doubles to record $36.5bn, but misses estimates

HOUSTON: Chevron Corp. on Friday posted a record $36.5 billion profit for 2022 that was more than double...

Published 27 Jan, 2023 06:17pm

Markets

Shell considers exiting UK, German, Dutch energy retail businesses

LONDON: Shell is considering exiting its home energy retail businesses in Britain, the Netherlands and Germany in...

Published 26 Jan, 2023 08:43pm

Oil purchases from Russia: Payments will be in currencies of ‘friendly’ states

Russia’s energy minister says both sides have drafted an agreement to sort out issues like transportation, insurance, payments and loadings

Updated 21 Jan, 2023 08:58am

Govt wants to meet 35pc of oil requirement through Russia: Musadik

ISLAMABAD: State Minister for Petroleum, Musadik Malik Friday said that Pakistan wanted to import 35 percent of its...

Updated 21 Jan, 2023 08:51am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 28 Kohinoor Power Company Limited(KOHP)	4.88 ▲ 1.00 (25.77%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.90 ▲ 0.90 (15.00%)
Power Cem(Pref) / Nov 28 Power Cement (Pref)(POWERPS)	8.60 ▲ 1.00 (13.16%)
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.20 ▲ 0.24 (12.24%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Bela Auto / Nov 28 Bela Automotives Limited(BELA)	7.29 ▲ 0.71 (10.79%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.40 ▲ 0.88 (7.64%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)

Stock	Price
F.Credit & Inv / Nov 28 First Credit and Investment Bank Limited(FCIBL)	5.53 ▼ -0.66 (-10.66%)
PICIC Ins.Ltd. / Nov 28 PICIC Insurance Limited(PIL)	0.90 ▼ -0.09 (-9.09%)
Pervez Ahmed Co / Nov 28 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.81 ▼ -0.07 (-7.95%)
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Universal Network (GEM) / Nov 28 Universal Network Systems Limited (GEM)(GEMUNSL)	38.54 ▼ -3.12 (-7.49%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Tandlianwala Sugar / Nov 28 Tandlianwala Sugar Mills Limited(TSML)	65.05 ▼ -4.95 (-7.07%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Hala Enterprise / Nov 28 Hala Enterprises Limited(HAEL)	10.75 ▼ -0.66 (-5.78%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.20
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	47,603,061 ▲ 0.08
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	24,352,497 ▼ -0.08
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	23,054,217 ▲ 0.24
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.22
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▲ 0.26
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 2.67
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.63
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▼ -0.01
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.06

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	148.25
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.26
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 27	5.46

Stock	Volume
S&P 500 / Nov 27	4550.43
Nasdaq / Nov 27	14241.02
Dow Jones / Nov 27	35333.47
India Sensex / Nov 28	65983.73
Tokyo Nikkei / Nov 28	33370.40
Hang Seng / Nov 28	17485.79
FTSE 100 / Nov 28	7442.27
Germany DAX 30 / Nov 28	15941.55
France CAC40 / Nov 28	7237.40

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17735
Gold 10 Grams PKR / Nov 27	185614
Crude Oil USD/Barrel / Nov 28	74.99
Gold Spot USD/Ounce / Nov 28	2015.58
Cotton US¢/pound / Nov 28	79.06

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