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Oil prices higher

NEW YORK: Oil prices settled higher on Friday as geopolitical tensions in the Middle East more than offset a ...

Published 18 Feb, 2024 03:01am

Markets

Oil rises on Middle East tensions, interest rates curb gains

HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were...

Updated 13 Feb, 2024 09:36pm

Markets

Saudi minister says energy transition behind Aramco capacity halt

DHAHRAN, SAUDI ARABIA: Saudi Arabia decided to halt its oil capacity expansion plans because of the energy...

Published 12 Feb, 2024 04:02pm

BR Research

Oil prices – bracing for a rally?

The global oil market has seen falling oil prices in recent times – from the high of $90 a barrel in Sept-23 to a...

Published 16 Jan, 2024 08:54am

Markets

Oil falls over 3% as Saudi price cuts add to demand concerns

NEW YORK: Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in...

Updated 08 Jan, 2024 09:42pm

Markets

Iran says oil exports at $26.4bn in past nine months

DUBAI: Iran’s oil exports have reached $26.46 billion since March, Iranian state media reported on Tuesday, the...

Published 26 Dec, 2023 06:43pm

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ...

Published 14 Nov, 2023 05:08am

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as...

Published 13 Nov, 2023 05:43pm

World

Russia, Saudi Arabia discuss oil market, prices

MOSCOW: Saudi Arabia and Russia, the world’s top two oil exporters, on Wednesday discussed the situation on the ...

Published 12 Oct, 2023 05:57am

Markets

Oil prices fall again; demand worries outweigh tight supply

HOUSTON: Oil prices dipped on Thursday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil...

Updated 05 Oct, 2023 08:45pm

Markets

Oil falls more than $3 on demand fears, Saudi confirms cuts to year-end

Brent trades at lowest since September 1 during the session, with an intraday low of $87.55 a barrel

Updated 04 Oct, 2023 08:12pm

Markets

Saudi Arabia to tap international debt markets as deficits return

RIYADH: Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in...

Published 01 Oct, 2023 05:25pm

Markets

WTI price surge shuts arbitrage oil flows from US to Europe, Asia

SINGAPORE: A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off...

Published 19 Sep, 2023 04:29pm

Markets

Will oil hit $100? It already did in some markets

Oil has risen to its highest level of 2023 as investors are focused on the prospect of a supply deficit in the fourth quarter after Saudi Arabia and Russia extended supply cuts

Published 18 Sep, 2023 07:05pm

Markets

Saudi, Russian oil cuts to cause big supply shortfall: IEA

PARIS: Oil cuts by Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end of...

Published 14 Sep, 2023 06:07am

IEA flags OPEC+ supply cuts

International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter

Updated 12 Aug, 2023 09:53am

India raises concerns over oil market volatility with producer countries

NEW DELHI: India has flagged concerns over volatility in the global oil prices to major oil producers and...

Updated 11 Aug, 2023 08:43am

Oil benchmark Brent’s price structure reflects tighter market

LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,...

Updated 11 Aug, 2023 08:42am

Markets

Oil benchmark Brent’s price structure reflects tighter market

LONDON: The structure of the global benchmark Brent crude futures market is at its most bullish since April,...

Published 10 Aug, 2023 07:22pm

Markets

OPEC flags healthy oil market fundamentals in second half

LONDON: Prospects for the global oil market look healthy for the second half of the year, OPEC said on Thursday as...

Published 10 Aug, 2023 06:24pm

Markets

OPEC+ panel meets against backdrop of a stronger oil market

LONDON/DUBAI: An OPEC+ ministerial panel which meets on Friday is unlikely to tweak the group’s current oil output...

Published 04 Aug, 2023 05:47pm

Markets

UAE says OPEC+ taking adequate measures for oil market stability

GOA: The OPEC+ bloc is taking adequate measures for the stability of the oil market, United Arab Emirates Energy...

Updated 22 Jul, 2023 05:42pm

Markets

OPEC sees 2.2 pct oil demand growth in 2024 despite headwinds

LONDON: OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in...

Published 13 Jul, 2023 06:13pm

Markets

Saudi output cut removes downside risk from oil market

LONDON: Extra crude production cuts announced by Saudi Arabia and Russia have removed some downside risk and stemmed...

Published 13 Jul, 2023 04:50am

BR Research

Saudi surprise to keep oil prices elevated

Oil market is extremely fickle. From talks of oil likely to recede to $50/bbl just last month to $100/bl being a...

Published 08 Jun, 2023 07:51am

Markets

Asia’s spot fuel market steady to firmer

SINGAPORE Asia’s spot fuel oil market was steady to firmer on Wednesday as market backwardation firmed, while more...

Published 11 May, 2023 05:54am

BR Research

Oil holds firm ground

Everything the collective West has thrown at Russia, it has been responded with substance. Brent oil had its highest...

Published 14 Feb, 2023 09:32am

Business & Finance

‘OPEC+ faces oil market volatility in both supply & demand’

CAIRO: OPEC+ is facing “volatile prospects” in oil markets both in supply and demand, UAE energy minister Suhail...

Published 15 Jan, 2023 04:01am

Markets

Asia’s spot fuel market steady to softer

SINGAPORE: Asia’s spot fuel oil market was steady to softer on Wednesday on consistent supply arrivals, while...

Published 05 Jan, 2023 05:58am

BR Research

Oil price: All eyes on Russia

December 2022 has been the most happening in terms of news flow for oil market, with the focus now shifting back...

Published 07 Dec, 2022 08:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80
Hang Seng / May 23	18845.59
FTSE 100 / May 23	8373.47
Germany DAX 30 / May 23	18748.98

Item	Value
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold 10 Grams PKR / May 23	207476
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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