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UK oil firm Petrofac fined for corruption

LONDON: British oil company Petrofac pleaded guilty on Monday to seven counts of failing to prevent bribery between...

Published 05 Oct, 2021 04:34am

Markets

Brent oil may end weak bounce around $69.95

A break above $69.95 could lead to a gain to $71.18. On the daily chart, oil has pierced below a support at $68.43

Published 10 Aug, 2021 11:20am

Markets

Oil climbs to highest in over two years as US supplies tighten

• US crude tops $74 for first time since October 2018 • OPEC+ meeting on July 1 set to discuss further easing ...

Published 24 Jun, 2021 03:36am

Business & Finance

Ecuador state oil firm resumes operation of SOTE pipeline

The Trans-Ecuadorian Pipeline System (SOTE), with a transportation capacity of 360,000 barrels per day, halted operations on Thursday to install a fifth bypass.
"The pumping operations of the Trans-Ecuadorian Pipeline System (SOTE) were restarted, after work on the fifth bypass of the main pipeline was completed," Petroecuador said in a statement.

Published 02 Apr, 2021 09:42pm

Markets

Brent oil may hover below $64.51

A five-wave cycle from $71.38 ended at $60.27 on Tuesday. Over the next few days, this cycle will be partially or totally reversed.

Published 25 Mar, 2021 11:38am

Markets

Brent oil may retest support at $67.33

This consolidation could be classified as a pullback towards a pivotal level of $66.29, the 100% projection level of an upward wave C from $35.74.

Published 17 Mar, 2021 11:44am

Markets

Oil falls amid stockpiling concern; European vaccine woe threatens demand

Germany, France and Italy plan to suspend AstraZeneca PLC COVID-19 injections after reports of possible serious side effects, although the World Health Organization said there was no established link to the vaccine.

Published 16 Mar, 2021 12:34pm

Markets

US oil may retreat to $54.60 before rising

The resistance is identified as the 161.8% projection level of an upward wave C from $51.64. It triggered a wave 4, the fourth wave of the wave C.

Published 03 Feb, 2021 10:53am

Markets

Oil prices extend rally as producers restrain output

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.

Updated 02 Feb, 2021 08:13pm

Business & Finance

Lundin Energy raises oil output forecast, Q4 beats expectation

Its earnings before interest and taxes (EBIT) rose to $488.1 million from $382.5 million for the same period a year ago, beating the $428.2 million seen in a Refinitiv poll.

Published 28 Jan, 2021 07:32pm

Markets

Biden to take steps toward oil-drilling ban on federal land: New York Times

Biden will also create new commissions and positions within the government focused on environmental justice and environmentally friendly job creation, including one to help displaced coal communities, the newspaper said.

Published 26 Jan, 2021 12:35pm

Markets

Kazakhstan's daily oil output down by 11pc on Jan. 11 amid power outages

Oil output at Kazakhstan's major Tengiz oilfield was down by 26% on Monday compared with Sunday's level at 437,792 barrels.
Chevron-led Tengizchevroil, the operator of the Tengiz field, said that it experienced "temporary outage at one of its units.

Published 12 Jan, 2021 05:40pm

Business & Finance

US court orders Petrobras to pay $70mn to IESA in procurement dispute

The court ruled that around $37 million plus interest must be paid by its wholly owned subsidiary Petrobras Netherlands BV (PNBV).
Petrobras had already provisioned for the PNBV-related settlement in its third quarter 2020 financial results.

Published 04 Jan, 2021 07:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 10	277.82
USD PKR Interbank Buying / Oct 10	277.62
USD to Japanese Yen / Oct 10	149.16
USD to Swiss Franc / Oct 10	0.86
Pound Sterling to USD / Oct 10	1.31
Euro to USD / Oct 10	1.09

Stock	Volume
S&P 500 / Oct 10	5,792.04
India Sensex / Oct 10	81,753.61
Tokyo Nikkei / Oct 10	39,380.89
Nasdaq / Oct 10	18,291.62
Hang Seng / Oct 10	21,286.40
FTSE 100 / Oct 10	8,237.58
Dow Jones / Oct 10	42,512
Germany DAX 30 / Oct 10	19,203.44

Item	Value
Crude Oil USD/Barrel / Oct 10	73.73
Karachi Cotton PKR/37.32 KG / Oct 10	17,985
Gold 10 Grams PKR / Oct 10	236,197
Gold Spot USD/Ounce / Oct 10	2,615.22
Cotton US¢/pound / Oct 10	72.37
Petrol/Litre / Oct 11	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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