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oil companies

Iran inks big contracts to increase oil production

TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil...

Updated 18 Mar, 2024 08:55am

World

California sues oil giants

LOS ANGELES: The US state of California sued five of the world’s largest oil companies on Friday, alleging the...

Published 18 Sep, 2023 06:32am

Payable as RD: SC allows Customs to encash 50pc bank guarantee of OMCs

ISLAMABAD: The Supreme Court has allowed the Collector of Customs, Karachi to encash 50 percent bank guarantee of...

Updated 11 Jul, 2023 09:00am

World

US county sues oil cos for $51bn over ‘Heat Dome’ disaster

WASHINGTON: A county in the northwestern state of Oregon on Thursday filed a lawsuit against major fossil fuel...

Published 24 Jun, 2023 06:02am

Business & Finance

POL products’ prices kept unchanged

ISLAMABAD: Federal government has decided to keep the prices of petroleum products unchanged till June 30 by ...

Published 16 Jun, 2023 06:27am

Business & Finance

Oil companies facing Rs35bn loss due to forex losses, LCs issue: OMAP

LAHORE: The Oil Marketing Association of Pakistan (OMAP) on Monday said that oil marketing companies (OMCs) are...

Published 21 Feb, 2023 05:57am

Business & Finance

UN chief slams oil firms for ‘big lie’ on global warming

DAVOS: UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having “peddled the big lie”...

Published 19 Jan, 2023 05:58am

Business & Finance

Exxon sues EU in move to block new windfall tax on oil companies

NEW YORK: US oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new...

Updated 30 Dec, 2022 08:42am

Business & Finance

Indian rupee ends flat

MUMBAI: The Indian rupee closed little changed against the US dollar on Tuesday, as strong demand for dollars from...

Published 19 Oct, 2022 05:54am

Extra revenue collection goal: Govt may not pass full relief on to POL consumers

ISLAMABAD: The federal government may not pass on the full relief to the end-consumers in a bid to collect ...

Updated 15 Sep, 2022 09:59am

BR Research

Petroleum sales upbeat

After the seven months of the current fiscal year – 7MFY22, the petroleum consumption in the country is up as seen...

Published 03 Feb, 2022 07:43am

Business & Finance

Chevron posts highest profit in 8 years on surging oil, gas prices

HOUSTON: Chevron Corp on Friday posted its highest quarterly profit in eight years on surging oil and gas prices,...

Published 29 Oct, 2021 05:40pm

Markets

Norway awards Arctic oil exploration permits, but fewer firms apply

OSLO: Norway has awarded four exploration licences to seven oil companies, including three for the Arctic Barents...

Published 25 Jun, 2021 04:20am

Business & Finance

Chevron profit drops on weaker refining margins, storm hit

Chevron, the second-largest US oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.
Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.

Published 30 Apr, 2021 06:48pm

Markets

FTSE tumbles; cigarette makers, oil stocks weigh

LONDON: London’s FTSE 100 ended lower on Tuesday, dragged down by stocks of heavyweight oil companies and ...

Published 21 Apr, 2021 03:21am

Business & Finance

Russian oil producers struggle to contain gas flaring: document

Flaring, or the combustion of gas generated by various processes in the oil industry, generates carbon dioxide emissions.
Climate change poses a series challenge for Russia, with the economy heavily reliant on oil and gas production, as well as mining, and the government is under pressure to cut emissions.

Published 09 Apr, 2021 07:33pm

Technology

Chevron falls to fourth-quarter loss on weak refining, charges

Oil companies are expected to benefit from a bounce-back in oil and gas prices after a one-two punch of falling demand and prices put the industry in a tailspin last year.
While we're optimistic about vaccines and getting on a pathway to recovery, we're not there right now,

Published 29 Jan, 2021 07:49pm

Markets

Iran's oil exports rise in January despite sanctions

Iranian crude exports rise to 600,000-700,000 bpd in January.
Iran lawmaker says shipments reach 900,000 bpd.
Hard to know final destinations due to ship-to-ship transfers.

Published 26 Jan, 2021 08:46pm

Markets

Iran's oil exports rise 'significantly' despite sanctions, minister says

Minister does not give figures to rise in crude exports.
Tough US sanctions impose by Trump in 2018.
Tehran urges Biden to rejoin nuclear deal, end sanctions.
Biden officials say no quick decision on nuclear pact.

Published 22 Jan, 2021 05:09pm

Markets

Oil prices rise as investors look to higher demand seen in second half

IEA cuts 2021 demand outlook, but sees demand rise in H2.
Chinese refining, economic data bullish.
API data on US crude inventories due on Wednesday.

Published 19 Jan, 2021 06:31pm

Business & Finance

The new black gold? Big Oil bets on retail networks in an electric era

Europe’s big oil firms, however, have another card to play: their vast global networks of filling stations.

Published 03 Dec, 2020 10:08am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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