Trends - oil output - Business Recorder

oil output

India's future crude oil supplies will mostly come from Gulf: oil minister

MILAN: India's minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country's crude oil...

Updated 06 Sep, 2022 12:27pm

Markets

Oil falls as demand fears return after OPEC-led rally

LONDON: Oil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more...

Updated 06 Sep, 2022 07:15pm

Markets

Russian oil cap will be ‘source of uncertainty’: Moscow

MOSCOW: A plan by the G7 nations to cap Russian oil prices in the wake of Moscow’s military operations in Ukraine...

Published 05 Sep, 2022 10:01pm

Markets

OPEC+ agrees oil output cut to prop up prices

VIENNA: The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to...

Published 05 Sep, 2022 06:07pm

Markets

With Iran deal looming, OPEC+ weighs oil cuts

DUBAI: Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to...

Published 23 Aug, 2022 08:35pm

Markets

OPEC+ might have to raise oil output so market doesn’t overheat, Kazakhstan says

NUR-SULTAN/LONDON: OPEC+ might have to raise oil production to avoid market overheating, OPEC+ member Kazakhstan...

Published 03 Aug, 2022 05:24pm

Markets

OPEC+ to weigh holding oil output steady or small hike, sources say

LONDON: OPEC and its allies will consider keeping oil output unchanged for September when they meet next week,...

Published 28 Jul, 2022 09:21pm

Markets

Iraq can boost oil output by 200,000 bpd this year if asked: BOC

BASRA: Iraq has the capacity to increase its oil production by 200,000 barrel per day (bpd) this year if asked, an...

Published 22 Jul, 2022 09:55pm

World

Biden says will see Saudi crown prince, won't push directly on oil

MADRID: US President Joe Biden said on Thursday he would see Saudi Arabia's king and crown prince during a visit to...

Published 30 Jun, 2022 07:27pm

Markets

Oil falls 2% on uncertainty over future OPEC+ output, recession fears

NEW YORK: Oil prices sank about 2% on Thursday as OPEC+ confirmed it would only increase output in August as much as...

Updated 30 Jun, 2022 09:08pm

Markets

OPEC+ meets with little prospect of pumping more oil

LONDON: OPEC and OPEC+ began two days of meetings on Wednesday with sources saying a big policy change was unlikely...

Published 29 Jun, 2022 08:51pm

Markets

OPEC+ crude oil output boost undershoots targets in May

LONDON: OPEC+ produced 2.695 million barrels per day below its crude oil targets in May because of production...

Published 16 Jun, 2022 05:26pm

OPEC+ brings forward oil output rises as Biden’s Saudi visit looms

DUBAI/LONDON/RIYADH: Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset...

Published 03 Jun, 2022 05:56am

Markets

US oil output rises 3% in March to highest since November: EIA

NEW YORK: US crude oil production rose in March by more than 3% to the highest since November, according to a...

Published 31 May, 2022 09:25pm

Markets

OPEC’s May oil-output boost hits target on Nigeria rebound-survey

LONDON: The increase in OPEC oil output in May exceeded the rise planned under a deal with allies for the first time...

Published 31 May, 2022 08:34pm

Markets

Russian oil output slightly up at 10.17mn bpd, TASS reports

Russia raised oil production slightly to 10.17 million barrels per day (bpd) between May 1 and 29, TASS news agency...

Published 30 May, 2022 05:20pm

Markets

OPEC authorises Iraq to increase output to 4.5mn bpd from June

Iraq's representative at OPEC said the organisation had agreed to the country increasing its output to 4.5 million...

Published 14 May, 2022 07:35pm

Markets

OPEC+ likely to stick to existing deal and raise June output

LONDON/DUBAI: OPEC+ is likely to stick to its existing deal and agree another small output increase for June when it...

Published 28 Apr, 2022 06:07pm

Markets

IEA countries to tap 60mn barrels of oil on top of US release

WASHINGTONG: Member countries of the International Energy Agency besides the United States have agreed to release 60...

Published 06 Apr, 2022 09:35pm

Markets

Kazakhstan cuts 2022 oil output outlook to 85.7mn t

NUR-SULTAN: Kazakhstan has cut its oil output forecast to 85.7 million tonnes this year from the previous target of...

Published 05 Apr, 2022 10:05am

Markets

OPEC+ sticks to modest oil output increase despite Western pressure

VIENNA: The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output...

Published 31 Mar, 2022 06:28pm

Markets

Iran says ready to raise oil output once sanctions lifted

TEHRAN: Oil-rich Iran says it is ready to step up its crude exports once US sanctions are lifted if talks to revive...

Published 03 Mar, 2022 07:40pm

Markets

'Not our war': Gulf states resist pressure to raise oil output

Gulf countries, which had suffered from declines in oil prices since 2014, now seem all the more reluctant to take immediate action as they benefit from the short-term price surge

Published 03 Mar, 2022 05:40pm

Markets

IEA's Birol again urges OPEC+ to narrow gap between oil targets and output

RIYADH: The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to...

Published 16 Feb, 2022 01:06pm

Markets

Kazakhstan wants more oil output to stay at home to tackle fuel problems

MOSCOW: Kazakhstan has asked the foreign companies operating its main oilfields to supply the domestic market so it...

Published 04 Feb, 2022 06:24pm

Business & Finance

OPEC+ expected to stick with planned Feb output increase, sources say

LONDON/MOSCOW: OPEC+ is expected to stick to its plans for a February output increase when it meets on Tuesday,...

Published 03 Jan, 2022 05:19pm

Business & Finance

Iran to cut oil output, prioritise defence in 2022-23 budget

TEHRAN: Iran plans to cut oil output and prioritise defence spending in its 2022-2023 draft budget because of...

Published 12 Dec, 2021 08:42pm

Markets

Japan's oil reserve release plan unchanged by price drop

TOKYO: Japan's plan to release oil from strategic reserves in coordination with the United States and other ...

Published 03 Dec, 2021 10:50am

Markets

OPEC+ agrees to go ahead with oil output rise, as US pressure trumps virus scare

OPEC+ agrees to add another 400,000 bpd in January

Published 02 Dec, 2021 10:21pm

Markets

Japan considers releasing oil reserves to curb prices

TOKYO: Japan's government is considering releasing oil from its reserves in response to rising crude oil prices,...

Published 20 Nov, 2021 10:40am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 26 786 Investments Limited(786)	4.41 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 26 Al-Abbas Sugar Mills Limited(AABS)	304 ▼ 0.00 (0.00%)
Agro Allianz / Sep 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 26 Allied Bank Limited(ABL)	63.50 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 26 Abbott Laboratories (Pakistan) Limited(ABOT)	576.84 ▼ 0.00 (0.00%)
Abson Ind. / Sep 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 26 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Sep 26 Attock Cement Pakistan Limited(ACPL)	77.50 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 26 786 Investments Limited(786)	4.41 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 26 Al-Abbas Sugar Mills Limited(AABS)	304 ▼ 0.00 (0.00%)
Agro Allianz / Sep 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 26 Allied Bank Limited(ABL)	63.50 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 26 Abbott Laboratories (Pakistan) Limited(ABOT)	576.84 ▼ 0.00 (0.00%)
Abson Ind. / Sep 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 26 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Sep 26 Attock Cement Pakistan Limited(ACPL)	77.50 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 23	240.75
USD PKR Interbank Buying / Sep 23	239.75
USD to Japanese Yen / Sep 23	143.31
USD to Swiss Franc / Sep 23	0.98
Pound Sterling to USD / Sep 23	1.09
Euro to USD / Sep 23	0.97
UK LIBOR % / Sep 22	2.32

Stock	Volume
S&P 500 / Sep 23	3693.23
India Sensex / Sep 23	58098.92
Tokyo Nikkei / Sep 23	27153.83
Nasdaq / Sep 23	10867.93
Hang Seng / Sep 23	17933.27
FTSE 100 / Sep 23	7018.60
Dow Jones / Sep 23	29590.41
Germany DAX 30 / Sep 23	12284.19
France CAC40 / Sep 23	5783.41

Item	Value
Crude Oil USD/Barrel / Sep 23	78.74
Karachi Cotton PKR/37.32 KG / Sep 23	22735
Gold 10 Grams PKR / Sep 23	131902
Gold Spot USD/Ounce / Sep 23	1643.94
Cotton US¢/pound / Sep 23	92.54

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