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oil producers

Oil edges lower on IEA surplus forecast

Updated 12 Dec, 2024 10:06pm

NEW YORK: Oil prices were down more than 1% on Thursday as a forecast for ample supply in the oil market offset...

Oil rises 1% as EU agrees further sanctions threatening Russian oil flows

Updated 11 Dec, 2024 09:50pm

Oil prices rose more than 1% on Wednesday after the European Union agreed an additional round of sanctions...

Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs

Published 28 Nov, 2024 04:51pm

SINGAPORE/LONDON: Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to...

Saudi, Russia, Kazakhstan hold talks ahead of weekend OPEC+ meeting

Published 28 Nov, 2024 07:14am

DUBAI/MOSCOW: Top OPEC+ ministers have held further talks ahead of the oil producer group’s weekend meeting to set...

OPEC+ agrees oil output cuts approaching 2mn bpd, sources say

Updated 30 Nov, 2023 08:50pm

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

India raises concerns over oil market volatility with producer countries

Updated 11 Aug, 2023 08:43am

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

Saudi Arabia eyes OPEC+ production increase: WSJ

Published 21 Nov, 2022 08:34pm

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

India allows local oil producers to sell to private companies

Published 29 Jun, 2022 05:02pm

NEW DELHI: India’s cabinet on Wednesday approved a plan that would allow local crude producers to sell oil to...

Top oil producers to meet amid record crude prices

Updated 01 Feb, 2022 09:19am

LONDON: The world’s top oil-producing countries will meet on Wednesday to discuss a further increase in output,...

Oil holds above $75 as storm-hit U.S. supply returns slowly

Updated 17 Sep, 2021 05:24pm

Brent dips but still set for more than 3% weekly gain
Slow post-Ida production recovery bolsters prices

Oil prices slip as IEA warns of slowdown in demand recovery

Published 12 Aug, 2021 07:34pm

IEA says Delta variant to slow demand recovery
OPEC sticks to forecasts of strong demand recovery
United States calls on OPEC and allies to pump more oil

Oil slides near 3% on China virus curbs and strong dollar

Updated 09 Aug, 2021 10:03pm

WTI crude hits lowest since May
China reports rise in new COVID-19 cases
Wall Street banks cut China growth forecasts on COVID concerns
China's July crude imports down 20% year on year
UN panel issues dire warning on climate change

Top oil producers expected to agree on modest output boost

Published 18 Jul, 2021 02:45pm

It also sought to extend a deadline on capping output from April 2022 to the end of 2022

Oil prices extend losses on expected supply increase

Published 15 Jul, 2021 05:26pm

Saudi Arabia and UAE reach compromise on oil supply.
US crude stockpiles fall for eighth week –EIA.
US fuel stocks rose despite reduced refinery output –EIA.
Iran nuclear talks unlikely until mid-August –source.
China June crude throughput hit record high.

Oil jumps to more than two-year high on US inventories

Published 23 Jun, 2021 06:32pm

Brent hits $75.66, highest since October 2018.
OPEC+ meeting on July 1 set to discuss further easing of curbs.
Coming up: EIA oil supply report, 1430 GMT.

Oil rises on optimism about demand outlook

Published 15 Jun, 2021 05:34pm

Brent crude was up by 52 cents, or 0.7%, at $73.38 a barrel.
We have had those stock draws for a couple months, the market is heading in the right direction ... my impression it is not a super cycle.

Oil prices rise as demand improves, supplies tighten

Published 14 Jun, 2021 05:14pm

Brent was up 53 cents, or 0.7%, at $73.22 a barrel.
US West Texas Intermediate gained 44 cents, or 0.6%, to $71.35 a barrel, its highest since October 2018.

Oil rises to fresh multi-year highs on demand recovery

Published 11 Jun, 2021 06:40pm

Brent crude futures edged up 13 cents to $72.65 a barrel.
"In 2022 there is scope for the 24-member OPEC+ group, led by Saudi Arabia and Russia, to ramp up crude supply by 1.4 million barrels per day (bpd) above its July 2021-March 2022 target," the IEA said.

Oil prices rebound after knock from US driving season data

Published 10 Jun, 2021 06:25pm

US crude stocks down, fuel inventories rise – EIA.
Libya to ramp up output after fixing pipeline leak – source.
India's May fuel demand hits 9-month low.
Upcoming: US jobless claims, inflation data, OPEC monthly report.

US crude stocks down, fuel inventories rise: EIA

Published 09 Jun, 2021 08:35pm

Crude inventories fell by 5.2 million barrels in the week to June 4 to 474 million barrels.
Futures pared gains after the report. US crude was up 28 cents to $70.33 a barrel.

Brent hits highest since March on demand prospects

Published 01 Jun, 2021 06:38pm

Americans hit the road on Memorial Day holiday.
OPEC+ expected to continue slow increase in supply.
Producer group and allies meets to set policy on Tuesday.

Oil trades near $70 a barrel on improving demand outlook

Published 31 May, 2021 08:36pm

OPEC+ to meet on Tuesday.
Producers likely to stick to gradual easing of supply cuts.

Oil prices dip on concerns about possible return of Iranian supply

Published 27 May, 2021 08:31pm

US crude, gasoline stocks fall more than expected.
Summer demand outlook in US, Europe supports prices.
Market eyes upcoming OPEC+ meeting.

Oil falls as Iranian supply prospect outweighs demand optimism

Published 26 May, 2021 07:34pm

US crude stocks fall in latest week, sources say.
Iran official upbeat about nuclear talks.
US dollar near multi-month lows.

Oil climbs on demand outlook as market awaits fresh cues

Published 12 May, 2021 05:21pm

Brent crude climbed 83 cents, or 1.2% to $69.38 a barrel.
US unleaded gasoline prices hit an average $2.99 a gallon, the highest since November 2014, the American Automobile Association said.

Oil prices slip despite hefty US inventory fall

Published 06 May, 2021 09:01pm

India posts record daily infections and deaths.
US crude stockpiles slump after export surge –EIA.

Oil rises on US, Europe demand growth optimism

Published 04 May, 2021 07:53pm

Demand boost in US, Europe bolsters sentiment.
Strong US economic outlook, weaker dollar also supportive.
India's soaring COVID-19 infections limit demand outlook.

India demand worries, weak Japanese imports knock oil prices from six-week highs

Published 30 Apr, 2021 08:54pm

Brent to average $64.17 in 2021-Reuters poll.
Japan's March oil imports fall 25.0 pct y/y – METI.
China's factory activity growth slows in April.
Japan's April manufacturing expands at fastest pace since 2018.
India infections top 18 million.

Russia's idle oil refining capacity revised up by 26.6pc in May

Updated 23 Apr, 2021 07:38pm

The rise in idle primary refining capacity in May was planned mostly due to extension by 34 days of the maintenance period for the CDU-6 unit at Rosneft's Ufa refinery, Refinitiv data showed.
The offline capacity for April has been revised down by 2.5%from the previous plan to 3.37 million tonnes.

Oil hits $68 on Libya force majeure despite pandemic surge

Published 20 Apr, 2021 08:10pm

Libya declares force majeure on Hariga port.
US crude inventories expected to drop by 2.9 million barrels.
One year since WTI sank to minus $40.32 on massive glut.
Coming up: API oil inventory report, 2030 GMT.

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
Dow Jones / Jun 3	50,687.07
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79
FTSE 100 / Jun 4	10,349.70
Germany DAX 30 / Jun 4	24,899.30
France CAC40 / Jun 4	8,185.81

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.27 ▲ 0.7 (15.32%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Paramount Spinning / Jun 4 Paramount Spinning Mills Limited(PASM)	7.51 ▲ 0.8 (11.92%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)
Pak Qatar Gen.Takaful / Jun 4 Pak Qatar General Takaful Limited(PQGTL)	15.18 ▲ 1.38 (10%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)

Stock	Price
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	31.15 ▼ -3.1 (-9.05%)
Popular Islamic / Jun 4 Popular Islamic Modaraba(PIM)	22.02 ▼ -1.55 (-6.58%)
Crescent Fib. / Jun 4 Crescent Fibres Limited(CFL)	56.10 ▼ -3.89 (-6.48%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	420 ▼ -23.79 (-5.36%)
IGI Life Ins / Jun 4 IGI Life Insurance Limited(IGIL)	20 ▼ -1.12 (-5.3%)
Frontier Ceramics / Jun 4 Frontier Ceramics Limited(FRCL)	75 ▼ -4.17 (-5.27%)
Blessed Tex. / Jun 4 Blessed Textiles Limited(BTL)	1,125 ▼ -59.3 (-5.01%)
Security Investment Bank / Jun 4 Security Investment Bank Limited(SIBL)	7.12 ▼ -0.37 (-4.94%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	87,451,495 ▲ 0.29
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	23,469,966 ▲ 0.89
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	17,586,248 ▲ 1.14
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	16,804,511 ▼ -0.19
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	16,631,739 ▲ 1.68
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	14,271,832 ▲ 2.31
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	14,196,667 ▲ 0.32
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	13,458,906 ▲ 0.32
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	13,008,791 ▲ 0.41
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	12,937,239 ▼ -0.05

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