Trends - oil output - Business Recorder

oil output

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

Markets

OPEC oil output rises for third month

LONDON: OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by...

Published 01 Nov, 2023 05:57am

Markets

Saudi Arabia will extend voluntary 1 million bpd oil cut through Sept

DUBAI: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to...

Published 03 Aug, 2023 06:28pm

Markets

UAE climate chair urges oil firms to slash emissions

PARIS: The Emirati oil executive chairing this year’s UN climate summit, Sultan Al Jaber, told private and national...

Published 06 Jul, 2023 04:48pm

Markets

Saudi Arabia extends extra 1 mbpd oil output cut to August

DUBAI: Saudi Arabia said on Monday it would extend its voluntary oil output cut of one million barrels per day (bpd)...

Published 03 Jul, 2023 03:31pm

Business & Finance

Chevron tops estimates with Q1 profit gain despite slide in oil prices

HOUSTON: Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter,...

Published 28 Apr, 2023 05:33pm

Business & Finance

Exxon delivers record first-quarter profit on higher output

HOUSTON: Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double a year ago and...

Published 28 Apr, 2023 05:30pm

Markets

Saudi, UAE lead Mideast oil production cut for market ‘stability’

Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year

Published 02 Apr, 2023 08:25pm

Markets

Novak says Russia to extend 500,000 bpd oil production cut until end of year

MOSCOW: Russia will extend a 500,000 barrels per day (bpd) oil production cut until the end of the year, Deputy...

Published 02 Apr, 2023 07:25pm

Markets

OPEC+ unlikely to tweak oil policy in Monday talks

LONDON/MOSCOW: OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five...

Published 30 Mar, 2023 06:12pm

Markets

OPEC+ likely to stick to its guns despite price slump, delegates say

LONDON/DUBAI: OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end...

Published 22 Mar, 2023 05:16pm

Markets

OPEC+ should get ‘due recognition’ for constructive role

BENGALURU: OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October...

Published 06 Feb, 2023 11:50am

Markets

China's oil demand bounce may push producers to reconsider output: IEA

BENGALURU: Oil producers may have to reconsider their output policies following a demand recovery in China, the...

Published 05 Feb, 2023 06:43pm

Markets

Russian oil output, exports stable despite sanctions

MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with oil output and...

Published 01 Feb, 2023 08:26pm

Markets

OPEC+ seen sticking with oil output policy, delegates say

LONDON/DUBAI: An OPEC+ panel is likely to recommend sticking with the oil producer group’s output policy when it...

Published 01 Feb, 2023 04:18pm

Markets

OPEC oil output falls in January led by Iraq

LONDON: OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian...

Published 31 Jan, 2023 07:44pm

Markets

OPEC+ seen sticking with oil output policy at Feb. 1 meeting

An OPEC+ panel is likely to recommend keeping the oil producer group’s current output policy unchanged when it meets...

Published 30 Jan, 2023 08:44pm

Markets

OPEC+ panel unlikely to tweak oil policy at Feb. 1 meeting, sources say

LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next week,...

Published 24 Jan, 2023 05:45pm

World

Russia will not export oil subject to Western price cap, says deputy PM

MOSCOW: Russia, the world’s second largest oil exporter, will not sell oil that is subject to a Western price cap...

Published 04 Dec, 2022 07:29pm

Markets

OPEC+ agrees to keep output levels unchanged

Representatives of 13 members, led by Riyadh, and their 10 allies headed by Moscow, decided to stick to their course agreed in October

Published 04 Dec, 2022 06:51pm

Markets

Saudi Arabia eyes OPEC+ production increase: WSJ

Saudi Arabia and other OPEC oil producers are discussing an output increase, the Wall Street Journal reported on...

Published 21 Nov, 2022 08:34pm

Markets

Oil prices down 2% as China widens COVID curbs

NEW YORK: Oil prices slid about 2% on Friday after top crude importer China widened its COVID-19 curbs, though the...

Updated 28 Oct, 2022 08:57pm

Turkey says not right for US to pressure Saudi Arabia

ISTANBUL: Turkish Foreign Minister Mevlut Cavusoglu said on Friday it was not right for the United States to ...

Updated 22 Oct, 2022 09:45am

Markets

Turkey says not right for US to pressure Saudi Arabia over oil output

ISTANBUL: Turkish Foreign Minister Mevlut Cavusoglu said on Friday it was not right for the United States to...

Published 21 Oct, 2022 06:31pm

Opinion

Over a barrel, Biden faces tough options with Saudis

Joe Biden has vowed consequences for Saudi Arabia over its explosive slash in oil output but, like previous US...

Published 18 Oct, 2022 06:02am

Markets

OPEC cuts 2022, 2023 oil demand growth view as economy slows

LONDON: OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and...

Published 12 Oct, 2022 05:52pm

Markets

OPEC+ supply cuts loom over already tight oil market

LONDON/GENEVA: OPEC+ producers look set to cut output when they meet on Wednesday, squeezing supply in an oil market...

Published 04 Oct, 2022 07:01pm

Markets

OPEC+ mulls largest cuts since 2020 pandemic crisis

LONDON: The OPEC+ group of oil producers is discussing output cuts of more than 1 million barrels per day (bpd),...

Published 03 Oct, 2022 05:20pm

Markets

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

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 30 786 Investments Limited(786)	5.60 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 30 Al-Abbas Sugar Mills Limited(AABS)	500 ▼ 0.00 (0.00%)
Agro Allianz / Nov 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	85.05 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	472.33 ▼ 0.00 (0.00%)
Abson Ind. / Nov 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 30 Alfalah Consumer Index ETF.(ACIETF)	10.19 ▼ 0.00 (0.00%)
Attock Cement / Nov 30 Attock Cement Pakistan Limited(ACPL)	91.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 30 786 Investments Limited(786)	5.60 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 30 Al-Abbas Sugar Mills Limited(AABS)	500 ▲ 0.00 (0.00%)
Agro Allianz / Nov 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 30 Allied Bank Limited(ABL)	85.05 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 30 Abbott Laboratories (Pakistan) Limited(ABOT)	472.33 ▲ 0.00 (0.00%)
Abson Ind. / Nov 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 30 Alfalah Consumer Index ETF.(ACIETF)	10.19 ▲ 0.00 (0.00%)
Attock Cement / Nov 30 Attock Cement Pakistan Limited(ACPL)	91.82 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▲ 0.00
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▲ 0.00
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▲ 0.00
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▲ 0.00
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▲ 0.00
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▲ 0.00
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.00
Pak Elektron / Nov 30 Pak Elektron Limited(PAEL)	15,329,837 ▲ 0.00
TPL Properties / Nov 30 TPL Properties Limited(TPLP)	14,893,960 ▲ 0.00
Image Pakistan / Nov 30 Image Pakistan Limited(IMAGE)	14,707,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 29	285.52
USD PKR Interbank Buying / Nov 29	285.02
USD to Japanese Yen / Nov 29	146.97
USD to Swiss Franc / Nov 29	0.87
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.11
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
India Sensex / Nov 29	66901.91
Tokyo Nikkei / Nov 29	33268.78
Nasdaq / Nov 29	14258.49
Hang Seng / Nov 29	16993.44
FTSE 100 / Nov 29	7423.46
Dow Jones / Nov 29	35430.42
Germany DAX 30 / Nov 29	16166.45
France CAC40 / Nov 29	7267.64

Item	Value
Crude Oil USD/Barrel / Nov 29	77.69
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Gold Spot USD/Ounce / Nov 29	2045.47
Cotton US¢/pound / Nov 29	79.59

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