Topic

oil exporter

Saudi Arabia’s June crude exports fall to lowest since March

Published 20 Aug, 2025 05:59pm

Saudi Arabia’s crude oil exports slipped in June to their lowest level in three months, according to data from the...

Saudi Arabia reports deficit of $15.65 billion in Q1 2025, finance ministry says

Published 05 May, 2025 06:10pm

Saudi Arabia reported a fiscal deficit of 58.701 billion riyals ($15.65 billion) in the first quarter of 2025, as...

Saudi Arabia raises Arab Light June OSP for Asia

Published 05 May, 2025 05:24pm

Saudi Arabia, the world’s top oil exporter, increased its prices for Asian buyers despite crude prices falling on...

Kuwait, under new emir, votes yet again

Published 05 Apr, 2024 04:50am

KUWAIT CITY: Vote-weary Kuwait heads to the polls for the third time in three years on Thursday, just months into ...

Saudi Arabia likely to extend additional supply cuts to Q1 2024: Energy Aspects

Published 15 Nov, 2023 08:18pm

SINGAPORE: The world’s top oil exporter, Saudi Arabia, is expected to extend its additional voluntary supply cuts to...

Putin signals OPEC+ cuts are here to stay

Published 12 Oct, 2023 05:57am

MOSCOW: Russian President Vladimir Putin said on Wednesday that OPEC+ coordination would continue in order to ensure...

OPEC cuts oil demand growth forecast again as economic challenges mount

Published 14 Nov, 2022 06:46pm

LONDON: OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further...

World hoped to crucify top oil supplier, Saudi says

Updated 11 Nov, 2022 11:13pm

SHARM EL SHEIKH: The world was hoping to crucify Saudi Arabia as a top oil exporter, its energy minister said on the...

OPEC+ ‘only a phone call away’ if markets need balancing: UAE minister

Published 31 Oct, 2022 07:26pm

ABU DHABI: The United Arab Emirates’ energy minister said on Monday that OPEC+ was always willing to balance crude...

Saudi Q3 GDP grows 8.6%, boosted by higher oil prices

Published 31 Oct, 2022 07:12pm

DUBAI: Saudi Arabia’s gross domestic product expanded by 8.6% in the third quarter compared with the same period in...

Russia becomes India's second biggest oil exporter, trade sources

Published 13 Jun, 2022 05:46pm

NEW DELHI: Russia rose to become India's second biggest supplier of oil in May, pushing Saudi Arabia into third ...

UN calls on Saudi Arabia to free relatives of former spy chief

Published 10 Jun, 2022 09:08pm

DUBAI: The United Nations Working Group on Arbitrary Detention called on Saudi Arabia on Friday to immediately...

Saudi Arabia lowers Arab Light oil price to Asia, Europe in June

Published 09 May, 2022 05:39am

JEDDAH: Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June,...

Saudi, Qatar indexes gain while Egypt falls more than 2pc

Published 08 Apr, 2022 05:28am

DUBAI: Major Gulf indexes closed higher on Thursday, tracking the rise in oil prices, while Egypt’s index recorded...

UAE to launch first federal corporate tax on business profits

Published 01 Feb, 2022 04:07am

DUBAI: The United Arab Emirates (UAE) on Monday said it would introduce a federal corporate tax on business profits...

Saudi Arabia in talks to refinance, downsize $16bn loan

Published 09 Nov, 2021 04:48am

DUBAI: Saudi Arabia is in talks with banks to amend the terms of a $16 billion loan due in 2023 and possibly reduce...

Top oil exporter Saudi Arabia targets zero carbon emissions by 2060

Published 24 Oct, 2021 04:18am

RIYADH: Top crude exporter Saudi Arabia will aim to achieve net zero carbon emissions by 2060, its de facto ruler...

Saudi Sept oil supplies to China up 2%, Russian volumes down 18%

Published 20 Oct, 2021 10:04am

BEIJING/SINGAPORE: Saudi Arabia, the world's biggest oil exporter, kept its ranking as China's top crude supplier ...

Saudi Arabia retains top spot in oil supplies to China

Published 21 Sep, 2021 04:10am

BEIJING/SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, kept its ranking as China’s top crude ...

Saudi retains top spot in oil supplies to China with volumes up 53% y/y

Published 20 Sep, 2021 10:40am

That compares with 1.58 million bpd in July and 1.24 million bpd in August last year

Oil edges higher on inventory drawdowns, Brent tops $75 a barrel

Published 29 Jul, 2021 07:07pm

US crude stocks fall by 4.1 mln barrels, EIA says
US Fed says economic recovery remains on track
Iran blames US for pause in nuclear talks

Oil track for big weekly drop as supply concerns mount

Published 16 Jul, 2021 09:05pm

Brent crude was down 82 cents, or 1.1%, at $72.65 a barrel, heading for a 3.8% fall this week.
Saudi Arabia and the UAE reached a compromise this week, paving the way for OPEC+ producers to finalise a deal to increase production.

Oil climbs while OPEC+ considers output increase

Published 01 Jul, 2021 06:46pm

WTI rose more than 10% in June, Brent more than 8%.
Cushing inventories drop to lowest since March 2020 –EIA.
Brent to average $67.48/bbl; WTI $64.54 in 2021 -Reuters poll.
OPEC+ to add 2 mln bpd to market in August-December – source.

Oil drifts near 2018 highs ahead of OPEC+ meeting

Published 28 Jun, 2021 11:10am

OPEC and associated oil producers set to meet on July 1.
OPEC+ may increase output by 500,000 bpd in Aug - ANZ, ING.
US adds rigs for 11th month in row - Baker Hughes.

Oil jumps to more than two-year high on US inventories

Published 23 Jun, 2021 06:32pm

Brent hits $75.66, highest since October 2018.
OPEC+ meeting on July 1 set to discuss further easing of curbs.
Coming up: EIA oil supply report, 1430 GMT.

Oil prices firm on summer demand as Iran talks drag

Published 21 Jun, 2021 05:02pm

Iran nuclear talks paused after hardliner wins presidency.
Oil prices on both sides of Atlantic up for four weeks.
Pick-up in northern hemisphere travel boosts prices.

Oil falls 1pc amid dollar strength; demand picture still bullish

Published 18 Jun, 2021 06:34pm

Brent crude futures were down 86 cents, or 1.2%, at $72.22 a barrel.
The bullish trend in oil remains intact, thanks to optimism surrounding the demand outlook. The dollar may well be strengthening but the fundamental picture for oil hasn't changed.

Oil hits new high near $75 on demand rise, falling inventories

Published 16 Jun, 2021 05:03pm

Brent hits $74.73, highest since April 2019.
API says US crude stocks drop 8.5 million barrels – sources.
Coming Up: EIA supply report, 1430 GMT.

Oil trades at multi-year highs on demand expectations

Published 15 Jun, 2021 09:01pm

Vitol CEO sees oil price around $70-$80/bbl this year.
Trafigura CEO says good chance oil gets to $100/bbl.
POLL-US crude inventories seen falling for 4th week in a row.
Coming Up: API data on US crude stocks at 4:30 p.m. ET.

Oil eases on Iran concern after hitting two-year high above $72

Published 07 Jun, 2021 06:12pm

US crude touches $70 for first time since October 2018.
Brent hits $72.27, highest since May 2019.
Iran, world powers to resume talks on June 10.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 22	278.42
USD PKR Interbank Buying / Jun 22	278.22
USD to Japanese Yen / Jun 23	161.62
USD to Swiss Franc / Jun 23	0.81
Pound Sterling to USD / Jun 23	1.32
Euro to USD / Jun 23	1.14
SOFR % / Jun 22	3.63

Stock	Volume
S&P 500 / Jun 22	7,472.79
Nasdaq / Jun 22	26,166.60
Dow Jones / Jun 22	51,712.71
India Sensex / Jun 23	77,126.37
Tokyo Nikkei / Jun 23	71,682.16
Hang Seng / Jun 23	23,705.66
FTSE 100 / Jun 23	10,371.04
Germany DAX 30 / Jun 23	24,854.19
France CAC40 / Jun 23	8,319.74

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 22	18,780
Gold 10 Grams PKR / Jun 22	378,345
Crude Oil USD/Barrel / Jun 23	73.59
Gold Spot USD/Ounce / Jun 23	4,122.19
Cotton US¢/pound / Jun 23	78.19
Petrol/Litre / Jun 24	299.50
Diesel/Litre / Jun 24	311.47

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld Limited (R) / Jun 23 Ghani Chemworld Limited Right(GCWLR)	7.01 ▲ 1 (16.64%)
Buxly Paints / Jun 23 Buxly Paints Limited(BUXL)	228.84 ▲ 20.8 (10%)
Dewan Farooque Sp. / Jun 23 Dewan Farooque Spinning Mills Limited(DFSM)	19.69 ▲ 1.79 (10%)
First Fid. Leasing / Jun 23 First Fidelity Leasing Modaraba(FFLM)	24.75 ▲ 2.25 (10%)
J.A.Textile / Jun 23 J.A. Textile Mills Limited(JATM)	30.47 ▲ 2.77 (10%)
Kohat Textile / Jun 23 Kohat Textile Mills Limited(KOHTM)	193.45 ▲ 17.59 (10%)
Mitchells Fruit / Jun 23 Mitchells Fruit Farms Limited(MFFL)	188.94 ▲ 17.18 (10%)
S.G.Power / Jun 23 S.G. Power Limited(SGPL)	73.59 ▲ 6.69 (10%)
Shadab Textile / Jun 23 Shadab Textile Mills Limited(SHDT)	61.83 ▲ 5.62 (10%)
Fateh Sports / Jun 23 Fateh Sports Wear Limited(FSWL)	101.17 ▲ 9.2 (10%)

Stock	Price
Agritech Non-voting / Jun 23 Agritech Non-Voting Preference(AGLNCPS)	36.02 ▼ -3.98 (-9.95%)
Azgard Nine (Non-Voti) / Jun 23 Azgard Nine (Non-Voti)(ANLNV)	7.20 ▼ -0.73 (-9.21%)
First Tri-Star Mod. / Jun 23 First Tri-Star Modaraba(FTSM)	30.74 ▼ -2.93 (-8.7%)
Aisha Steel (CPS) / Jun 23 Aisha Steel Mills Limited (CPS)(ASLCPS)	62.01 ▼ -5.79 (-8.54%)
Oilboy Energy / Jun 23 Oilboy Energy Limited(OBOY)	20.35 ▼ -1.62 (-7.37%)
Quice Food / Jun 23 Quice Food Industries Limited(QUICE)	34.78 ▼ -2.68 (-7.15%)
Aisha Steel(ConPS) / Jun 23 Aisha Steel(ConPS)(ASLPS)	24.12 ▼ -1.78 (-6.87%)
Shahtaj Textile / Jun 23 Shahtaj Textile Limited(STJT)	138.11 ▼ -10.14 (-6.84%)
Din Tex. / Jun 23 Din Textile Mills Limited(DINT)	80.89 ▼ -5.92 (-6.82%)
East West Ins. / Jun 23 East West Insurance Company Limited(EWIC)	45.50 ▼ -3.04 (-6.26%)

Stock	Volume
K-Electric Ltd. / Jun 23 K-Electric Limited(KEL)	63,830,312 ▲ 0.19
Sui South Gas / Jun 23 Sui Southern Gas Company Limited(SSGC)	24,022,374 ▲ 0.74
TPL Corp Ltd / Jun 23 TPL Corp Limited(TPL)	14,735,648 ▼ -0.31
Oilboy Energy / Jun 23 Oilboy Energy Limited(OBOY)	13,519,059 ▼ -1.62
TPL Properties / Jun 23 TPL Properties Limited(TPLP)	13,417,706 ▼ -0.1
Pak Qatar Family / Jun 23 Pak Qatar Family Takaful Limited(PAKQATAR)	9,811,063 ▲ 1.3
Ghani Chem. Ind. / Jun 23 Ghani Chemical Industries Limited(GCIL)	9,150,941 ▼ -0.14
Sitara Petroleum Service / Jun 23 Sitara Petroleum Service Limited(SPSL)	8,993,307 ▲ 0.33
WorldCall Telecom / Jun 23 Worldcall Telecom Limited(WTL)	8,346,419 ▲ 0.01
Sui North Gas / Jun 23 Sui Northern Gas Pipelines Limited(SNGP)	7,817,249 ▲ 2.38

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