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oil producer

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

Kazakhstan’s daily oil output falls 4pc in May on lower Tengiz production

MOSCOW: Kazakhstan’s oil production fell 4% in May from April due to lower production from the Tengiz oilfield, ...

Published 03 Jun, 2025 06:14am

Markets

Oil leaps 4% after OPEC+ keeps output increase unchanged

LONDON: Oil prices jumped by about 4% on Monday after producer group OPEC+ kept output increases in July at the same...

Updated 02 Jun, 2025 08:17pm

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

World

Saudi Aramco could soon issue Islamic bonds, prospectus shows

DUBAI: Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling...

Published 30 May, 2025 04:29pm

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

World

Saudi Aramco seeks funds through three-part bond sale

Oil giant Saudi Aramco is seeking to raise funds through a dollar-denominated three-part bond sale, fixed income...

Published 27 May, 2025 04:57pm

Markets

OPEC+ considers delay to April oil supply increases

Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April...

Published 17 Feb, 2025 04:17pm

Markets

OPEC sticks to 2025, 2026 global oil demand growth forecasts

LONDON: OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying...

Published 12 Feb, 2025 07:16pm

Markets

Russia says it fully complied with OPEC+ oil deal in January

MOSCOW: Russia was in full compliance with the OPEC+ deal to restrain oil production in January and plans to do so...

Published 12 Feb, 2025 05:07pm

Business & Finance

US sanctions strand Iran, Russia oil on tankers, driving up crude costs

SINGAPORE: The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions...

Published 12 Feb, 2025 04:14pm

Business & Finance

Chevron struggles to replace oil, gas reserves amid Hess deal limbo

HOUSTON: Chevron’s oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the...

Published 11 Feb, 2025 04:38pm

Markets

OPEC takes long-term view of global oil markets, aims for stability

NEW DELHI: Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at...

Published 11 Feb, 2025 04:28pm

Markets

Oil eases on US fuel demand concerns

HOUSTON: Oil prices edged down on Thursday after slower economic growth in the first quarter added to concerns of...

Updated 25 Apr, 2024 09:13pm

Markets

Oil prices fall as US business activity cools, concerns over Middle East ease

NEW YORK: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and...

Updated 24 Apr, 2024 09:31pm

Markets

Oil falls back after robust EU data as Mideast tensions linger

Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market...

Updated 23 Apr, 2024 08:23pm

Markets

US crude futures climb back into positive territory

HOUSTON: U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider...

Updated 22 Apr, 2024 09:07pm

Markets

Guyana rules out offering crude oil export discounts to India

HOUSTON/NEW DELHI: South America’s fastest growing oil producer has turned down the Indian government’s request for...

Published 21 Apr, 2023 09:59pm

Business & Finance

Russia shifts to Dubai benchmark in Indian oil deal

NEW DELHI: Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp agreed to use the...

Published 04 Apr, 2023 03:24am

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

Business & Finance

Tullow Oil ups 2022 free cash flow outlook, Ghana tax looms

LONDON: West Africa-focused oil producer Tullow Oil on Wednesday raised its 2022 free cash flow guidance to $267...

Published 25 Jan, 2023 07:26pm

Markets

UAE and US to spur $100bn in clean energy projects

ABU DHABI: The United Arab Emirates and the United States have signed a partnership to spur $100 billion of...

Updated 01 Nov, 2022 11:19pm

Markets

Asia, Middle East ramp up diesel exports to Europe in October

SINGAPORE/LONDON: Oil traders are ramping up diesel exports from Asia and the Middle East to Europe in October to...

Published 19 Oct, 2022 05:23pm

World

Kuwait’s new government sworn in after reshuffle aimed at defusing tensions

Kuwait’s crown prince swore in the new government on Monday, state news agency KUNA reported, following a reshuffle...

Published 17 Oct, 2022 04:48pm

World

Sheikh Mohammed bin Zayed elected UAE president

DUBAI: The United Arab Emirates’ leader Sheikh Mohammed bin Zayed al-Nahyan was elected president of the Gulf Arab...

Published 14 May, 2022 03:04pm

Markets

Saudi Arabia lowers Arab Light oil price to Asia, Europe in June

JEDDAH: Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June,...

Published 09 May, 2022 05:39am

Markets

Exxon earnings hurt by Russia exit, triples buybacks on high oil prices

Exxon Mobil Corp said on Friday it doubled its first-quarter per-share profit, but the results fell short of Wall...

Published 29 Apr, 2022 08:49pm

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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