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oil output

Oil prices ease as market assesses Middle East tension

LONDON: Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market...

Updated 12 Jun, 2025 02:27pm

Markets

Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost

Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in...

Published 04 Jun, 2025 08:51pm

Markets

Oil prices climb 2% to 2-week high on geopolitical tension concerns

LONDON: Oil edged up on Tuesday, in the face of rising geopolitical tensions as the war in Ukraine ramped up despite...

Updated 03 Jun, 2025 10:15pm

Markets

Goldman Sachs sees OPEC+ raising oil output by 0.41 mb/d in August

Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day...

Published 02 Jun, 2025 11:21am

Markets

OPEC+ agrees further accelerated oil output hike for July

LONDON/MOSCOW: OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May...

Updated 31 May, 2025 06:42pm

Markets

OPEC+ may discuss oil output hike larger than 411,000 bpd for July

LONDON/MOSCOW: OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the...

Published 30 May, 2025 05:32pm

Markets

OPEC+ may discuss 2027 baselines and agree July hike this week, sources say

OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from...

Published 28 May, 2025 06:08pm

Markets

OPEC+ set to agree July oil output hike this week, sources say

LONDON/DUBAI: OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates...

Published 27 May, 2025 06:35pm

Markets

OPEC+ countries to open the oil taps despite price slump

VIENNA: Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June...

Updated 03 May, 2025 07:02pm

Markets

OPEC+ panel stresses compliance after surprise oil output hike

LONDON: Top OPEC+ ministers stressed the need for full compliance with oil output targets and plans to compensate...

Updated 05 Apr, 2025 07:23pm

Business & Finance

Russia’s Gazprom Neft ready to raise oil output under OPEC+ deal, CEO says

MOSCOW: Gazprom Neft is ready to raise oil output from April under the OPEC+ agreement, the head of the Russian oil...

Published 18 Mar, 2025 04:30pm

Markets

OPEC+ likely to stick to oil output hike plan: sources

LONDON: OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top...

Published 03 Feb, 2025 04:56pm

Markets

OPEC+ delays oil output hike until April, extends cuts into 2026

LONDON/MOSCOW/ DUBAI: OPEC+ on Thursday pushed back the start of oil output rises by three months until April and...

Published 06 Dec, 2024 06:58am

Markets

Russia’s oil output at 9m bpd as promised to OPEC+

SOCHI: Russia will stick to its commitments to the OPEC+ group of leading oil producers and has reached its promised...

Published 07 Nov, 2024 07:59am

Markets

Oil gains over 2% after OPEC+ delays output hike, US election in focus

Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while...

Updated 04 Nov, 2024 06:43pm

Markets

OPEC+ agrees to delay December output hike for one month: sources

LONDON/DUBAI/MOSCOW: OPEC+ has agreed to delay a planned December oil output increase by one month, three sources...

Published 03 Nov, 2024 10:03pm

Markets

OPEC+ could delay planned December oil output hike, sources say

LONDON/MOSCOW: OPEC+ could delay a planned hike in oil production scheduled to take effect in December by a month or...

Published 30 Oct, 2024 05:48pm

Markets

BP drops oil output reduction target in strategy reset, sources say

LONDON: BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s...

Published 07 Oct, 2024 05:12pm

Markets

OPEC+ discussing delay to planned oil output hike in October, sources say

LONDON: OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9...

Published 04 Sep, 2024 05:06pm

Business & Finance

Iran plans to raise oil output to 4m barrels per day

DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news...

Published 27 May, 2024 05:52am

Markets

OPEC+ ministers keep oil output policy steady, sources say

LONDON/MOSCOW/DUBAI: A meeting of the top ministers of OPEC+ has kept oil output policy unchanged, three OPEC+...

Published 03 Apr, 2024 05:42pm

Business & Finance

Oil settles higher

HOUSTON: Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks...

Published 26 Mar, 2024 04:20am

OPEC+ members extend oil output cuts to second quarter

DUBAI: OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts into the...

Updated 04 Mar, 2024 09:39am

Markets

OPEC+ members extend oil output cuts to second quarter

DUBAI: OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts into the...

Published 03 Mar, 2024 09:36pm

Markets

Oil set for weekly loss despite OPEC+ output decision

LONDON: Oil prices dipped slightly on Friday despite the OPEC+ group’s decision to leave its production policy...

Updated 02 Feb, 2024 06:59pm

Markets

Nigeria aims to raise oil, condensates output to 2.6mn bpd by 2026

ABUJA: Nigeria’s upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6...

Published 01 Jan, 2024 07:06pm

Business & Finance

Russia and Saudi Arabia urge OPEC+ countries to join output deal

MOSCOW: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have urged all OPEC+ countries...

Published 08 Dec, 2023 05:20am

Business & Finance

OPEC+ agrees to voluntary oil output cuts

LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to voluntary output cuts approaching 2 million barrels...

Published 01 Dec, 2023 04:43am

Markets

OPEC+ talks tough, policy rollover possible, sources say

LONDON: OPEC+ talks on oil policy are difficult, making a rollover a possibility rather than deeper production cuts...

Published 28 Nov, 2023 07:19pm

Markets

Saudi Arabia to continue voluntary 1 million bpd oil output cut for December

DUBAI: Top oil exporter Saudi Arabia will continue with its voluntary oil output cut of 1 million barrels per day...

Published 05 Nov, 2023 08:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 14	144.07
USD to Swiss Franc / Jun 14	0.81
Pound Sterling to USD / Jun 14	1.36
Euro to USD / Jun 14	1.15
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
India Sensex / Jun 14	81,118.60
Tokyo Nikkei / Jun 14	37,834.25
Nasdaq / Jun 14	19,406.83
Hang Seng / Jun 14	23,892.56
FTSE 100 / Jun 14	8,850.63
Dow Jones / Jun 14	42,197.79
Germany DAX 30 / Jun 14	23,516.23
France CAC40 / Jun 14	7,784.68

Item	Value
Crude Oil USD/Barrel / Jun 14	72.98
Karachi Cotton PKR/37.32 KG / Jun 14	16,485
Gold 10 Grams PKR / Jun 14	310,007
Gold Spot USD/Ounce / Jun 14	3,432.34
Cotton US¢/pound / Jun 14	67.84
Petrol/Litre / Jun 15	253.63
Diesel/Litre / Jun 15	254.64

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.93 ▲ 1 (51.81%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	3.06 ▲ 0.94 (44.34%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.39 ▲ 1 (41.84%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.71 ▲ 0.58 (27.23%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Unicap Modaraba / Jun 13 Unicap Modaraba(UCAPM)	3.65 ▲ 0.48 (15.14%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	3.56 ▲ 0.36 (11.25%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
AN Textile Mills / Jun 13 AN Textile Mills Limited(ANTM)	15.49 ▲ 1.41 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)

Stock	Price
Shaheen Ins. / Jun 13 Shaheen Insurance Company Limited(SHNI)	4.75 ▼ -0.65 (-12.04%)
Trust Sec.& Brok. / Jun 13 Trust Securities & Brokerage Limited(TSBL)	12.20 ▼ -1.36 (-10.03%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
F.Credit & Inv / Jun 13 First Credit and Investment Bank Limited(FCIBL)	11.23 ▼ -1.24 (-9.94%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.72 ▼ -4.26 (-9.69%)
Crescent Cotton / Jun 13 Crescent Cotton Mills Limited(CCM)	50.41 ▼ -5.4 (-9.68%)
Shahtaj Textile / Jun 13 Shahtaj Textile Limited(STJT)	78.62 ▼ -8.32 (-9.57%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.69 ▼ -3.23 (-9.52%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	116,655,242 ▲ 1
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	100,891,108 ▲ 0.08
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	85,324,384 ▲ 0.94
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	30,960,243 ▲ 0.62
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	27,555,139 ▼ -0.26
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	27,294,482 ▲ 0.17
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	27,189,737 ▲ 0.58
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	26,834,469 ▼ -0.35
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	23,063,464 ▲ 1
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	21,700,047 ▼ -0.4

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