BR100 Increased By (1.02%)
BR30 Increased By (1.71%)
KSE100 Increased By (0.58%)
KSE30 Increased By (0.65%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.61 Decreased By ▼ -0.39 (-0.74%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.23 Increased By ▲ 0.03 (0.25%)
FCCL 53.80 Increased By ▲ 0.97 (1.84%)
FCSC 5.24 Increased By ▲ 0.17 (3.35%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.39 Decreased By ▼ -0.13 (-2.36%)
MLCF 87.90 Increased By ▲ 1.39 (1.61%)
NBP 186.60 Increased By ▲ 1.44 (0.78%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.19 Decreased By ▼ -0.03 (-0.11%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 233.49 Increased By ▲ 5.31 (2.33%)
PRL 34.98 Increased By ▲ 0.30 (0.87%)
PTC 67.71 Increased By ▲ 2.38 (3.64%)
SEARL 90.90 Increased By ▲ 0.77 (0.85%)
SSGC 27.20 Increased By ▲ 0.60 (2.26%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.85 Increased By ▲ 2.35 (4.02%)
TPLP 8.78 Increased By ▲ 0.56 (6.81%)
TREET 24.65 Increased By ▲ 0.12 (0.49%)
TRG 71.50 Increased By ▲ 1.79 (2.57%)
WAVES 10.01 Increased By ▲ 0.07 (0.7%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Topic

oil company

At Brazil's Petrobras, a 'Spartan' military man takes the reins

At Brazil's Petrobras, a 'Spartan' military man takes the reins

Published 12 Apr, 2021 05:57pm
  • President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA, as the firm is formally known, in a Facebook post in February.
  • Petrobras shares fell sharply when Luna's predecessor, Roberto Castello Branco, was forced out after the group hiked domestic fuel prices several times in February, angering Bolsonaro.
Petrobras minority shareholders ask for cumulative voting in assembly

Petrobras minority shareholders ask for cumulative voting in assembly

Published 09 Apr, 2021 06:05pm
  • Petrobras also said in a securities filing that minority shareholders proposed a new candidate for the board, banker Jose Joao Abdalla Filho, owner of Banco Classico and energy and agribusiness companies. His name was proposed by investment funds holding Petrobras shares.
Petrobras requests ministry clarify Bolsonaro pricing comments; shares slide

Petrobras requests ministry clarify Bolsonaro pricing comments; shares slide

Published 08 Apr, 2021 08:48pm
  • In a securities filing, Petrobras said it asked the ministry about information that "should have been released to the market." The ministry has yet to respond, Petrobras said.
  • Bolsonaro's remarks on Wednesday helped wipe out gains in Petrobras' preferred and ordinary shares and they closed that session virtually flat. The preferred shares closed 0.08% down. The selling continued on Thursday.
Oil surges $2 after OPEC+ extends output cuts

Oil surges $2 after OPEC+ extends output cuts

Published 05 Mar, 2021 08:28pm
  • Saudi Arabia surprises with continued voluntary cuts.
  • OPEC+ producers keep curbs, agree only small output boost.
  • Decision could affect oil inventories into 2022.
  • Brent and WTI on track for weekly gains.
Ecopetrol proven reserves finished 2020 down 6.5pc

Ecopetrol proven reserves finished 2020 down 6.5pc

Published 19 Feb, 2021 07:09pm
  • The decline in 1P reserves was mainly caused by the 32% price drop in hydrocarbon prices, Ecopetrol said.
  • The Brent price used for valuation in 2020 was $43 per barrel, compared with $63 per barrel in 2019, implying a decrease of 215 million boe, the company said.
OPEC experts meet as rising oil prices mask demand worries

OPEC experts meet as rising oil prices mask demand worries

Published 02 Feb, 2021 07:01pm
  • Oil has rallied from historic lows reached last year as demand collapsed due to the pandemic thanks to record OPEC+ output cuts.
  • "A positive start," said one OPEC delegate. "The group wants a quick meeting with a positive agenda."
Oil prices extend rally as producers restrain output

Oil prices extend rally as producers restrain output

Updated 02 Feb, 2021 08:13pm
  • OPEC output increase smaller than expected – poll.
  • UBS sees Brent at $63 mid-year, Goldman at $65.
  • BP cites declining product demand, retail sales.
  • US blizzard offers hope for product demand.
Kazakhstan has restored oil output after power outages

Kazakhstan has restored oil output after power outages

Published 26 Jan, 2021 06:41pm
  • Daily oil production was restored to 227,200 tonnes on Jan. 25 from about 195,700 tonnes on Jan. 21 and 182,774 tonnes on Jan. 20.
  • Still, production this month lags plans by around 660,000 tonnes, a source familiar with the data said.
OPEC ‘cautiously optimistic’ oil market will recover in 2021

OPEC ‘cautiously optimistic’ oil market will recover in 2021

Updated 19 Jan, 2021 11:14pm
  • We all agree that the recovery is fragile, there are still more uncertainties, but we are cautiously optimistic that the recovery will materialise this year.
  • This year the way we see it is a year of recovery, whether it's going to be the end of the year where we are supposed to reach the balance or the beginning of 2022.
Brazil's Petrobras CEO denies claims of 'predatory' fuel pricing policy

Brazil's Petrobras CEO denies claims of 'predatory' fuel pricing policy

Published 13 Jan, 2021 09:18pm
  • Branco said in the Wednesday edition of daily Valor Econômico that the claims amount to a personal "professional offense" against him and the government's economic policymakers.
  • As graduated economists ... we learned over 40 years ago that price controls are part of a museum of ineffective weapons to fight inflation.
Loading...