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oil industry

Oil prices ease slightly, eyes on talks for Gaza ceasefire

HOUSTON: Oil prices dipped for a second straight day on Tuesday, as talks for a ceasefire in Gaza continued, but...

Updated 09 Apr, 2024 09:37pm

Business & Finance

OCAC urges govt to dismantle smuggling network

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has urged the government to extend support to aggressively...

Updated 26 Mar, 2024 09:44am

BR Research

Oil prices: Resilient in tough times

The Red Sea remains a battle zone. Vessels are rerouting despite a heavy presence of naval fleets to counter the...

Published 24 Jan, 2024 07:46am

Supplements

PEOC – A vehicle for increased recognition of edible oil industry of Pakistan

Farhat Rasheed Janmohammed

Published 13 Jan, 2024 05:38am

Markets

Oil rises to highest in over 7 months on supply worries

NEW YORK: Oil prices rose on Friday to their highest in over half a year and were on track to snap a two-week losing...

Updated 01 Sep, 2023 09:27pm

Business & Finance

OMAP urges govt to resolve issues facing oil industry

LAHORE: Oil Marketing Association of Pakistan (OMAP) on Wednesday drew attention of the caretaker cabinet towards ...

Published 31 Aug, 2023 06:00am

Markets

Ogra rebuts resentment shown by oil industry

ISLAMABAD. The Oil and Gas Regulatory Authority (Ogra) rebutted resentment shown by the oil industry questioning the...

Published 19 Jul, 2023 03:21am

OCAC assails Ogra’s HSD price cut decision

ISLAMABAD: The Oil Companies Advisory Council (OCAC) blamed the Oil and Gas Regulatory Authority (OGRA) that forced...

Updated 18 Jul, 2023 08:59am

Business & Finance

Concerns over Ogra’s ‘anti-OMCs’ bias expressed

LAHORE: The emerging Oil Marketing Companies (OMCs) have expressed their concerns regarding the biasness of Oil and...

Published 13 Jul, 2023 04:50am

Oil import on foreign supplier’s account: OCAC requests govt to convene meeting of stakeholders

ISLAMABAD: While raising questions on approval of policy guidelines regarding import of oil on foreign supplier’s...

Updated 28 Jun, 2023 09:01am

Business & Finance

OMAP urges Ogra to ensure safety standards

LAHORE: Oil Marketing Association of Pakistan (OMAP) on Wednesday asked Oil and Gas Regulatory Authority (Ogra) to...

Published 09 Mar, 2023 06:23am

BR Research

PRL – road block ahead?

That the industry is on the verge of collapse has become a regular news as one industry after another is being...

Published 08 Feb, 2023 09:19am

Business & Finance

With profit of $56bn Exxon smashes all industry records

HOUSTON: Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about...

Published 06 Feb, 2023 07:28am

Markets

Pakistan’s oil industry on brink of collapse, says OCAC

In letter to energy ministry and Ogra chairman, body makes case for enhancing trade finance limits in wake of rupee depreciation

Published 03 Feb, 2023 09:56pm

Markets

OMAP urges SBP to announce relief for oil industry

LAHORE: The Oil Marketing Association of Pakistan on Monday demanded of the State Bank of Pakistan to announce some...

Published 31 Jan, 2023 06:01am

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

Markets

Full compensation sought for all companies: Oil industry suffers Rs50bn losses due to forex issues

LAHORE: The oil industry has suffered a loss of Rs 50 billion on account of foreign exchange losses between July 1,...

Published 03 Oct, 2022 05:52am

Markets

Exxonmobil CEO expects tight oil market to last years

DOHA: ExxonMobil CEO Darren Woods on Tuesday said it would take time for energy market volatility to end and that he...

Published 21 Jun, 2022 07:15pm

World

Iraq will implement federal court ruling on Kurdish oil industry

BAGHDAD: The Iraqi oil minister said on Sunday that Iraq would implement a ruling from its federal court in February...

Published 19 Jun, 2022 04:50pm

Editorials

Oil industry’s desperate SOS call

EDITORIAL: The oil industry could not possibly have faced a bigger crisis at the moment than international banks...

Published 04 Jun, 2022 04:18am

Sectors earning ‘windfall’ profits: FBR envisages ‘targeted’ taxation

ISLAMABAD: The Federal Board of Revenue (FBR) is preparing budget proposals based on “targeted taxation” for...

Updated 21 May, 2022 10:56am

Business & Finance

OCAC confirms ample availability of fuel in country

KARACHI: The Oil Companies Advisory Council (OCAC), the primary representative of the downstream oil industry, has...

Updated 26 Apr, 2022 10:20am

Markets

Ogra takes up issues relating to PDC, IFEM with stakeholders

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) conducted its meeting at Karachi with leading Oil Marketing...

Published 29 Mar, 2022 05:49am

Markets

US oil targets $73.99-$74.98 range

SINGAPORE: US oil may test a resistance at $72.87 per barrel, a break above which could lead to a gain into the...

Published 22 Dec, 2021 11:12am

Markets

Oil force majeure will cost Ecuador economy $600m

QUITO: The economic impact of recent operational problems for Ecuador’s oil industry will be some $600 million, ...

Published 17 Dec, 2021 04:30am

Markets

Asia’s VLSFO falls to multi-month lows

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) extended losses on Wednesday as ample supplies and...

Published 06 May, 2021 03:49am

Markets

US oil may rise to $64.24

On the daily chart, oil is heading towards $64.12, a break above which could open the way towards $66.65, the Jan. 8, 2020 high.

Published 28 Apr, 2021 10:45am

Markets

US oil may retest support at $58.80

It is expected to break this level in its current attempt.

Published 08 Apr, 2021 12:54pm

Markets

US oil may rise into $59.95-$60.50 range

A triple-bottom could be developing around $57.50. It will be confirmed when oil goes above $62.27. Even if this pattern turns out to be a flat consolidation within a range, oil is still likely to rise towards $62.27.
A break below $57.88 will be a very bearish signal that the downtrend from $67.98 could have resumed towards $51.64-$55.50 range.

Published 06 Apr, 2021 11:11am

Markets

Oil rises as OPEC+ decides on production policy

OPEC+ reaches preliminary deal to raise output from May –sources.
OPEC+ still has deep production cuts in place.
New pandemic waves creates uncertain demand outlook.
Euro zone factory activity soared in March.

Published 01 Apr, 2021 09:04pm

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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