Topic

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 / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 20	162.36
USD to Swiss Franc / Jul 20	0.81
Pound Sterling to USD / Jul 20	1.35
Euro to USD / Jul 20	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Nasdaq / Jul 17	25,520.24
Dow Jones / Jul 17	52,146.42
Tokyo Nikkei / Jul 20	77,672.21
Hang Seng / Jul 20	25,069.85
FTSE 100 / Jul 20	10,562.80
Germany DAX 30 / Jul 20	24,913.94
France CAC40 / Jul 20	8,361.60

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Petrol/Litre / Jul 20	316.15
Crude Oil USD/Barrel / Jul 20	84.29
Gold Spot USD/Ounce / Jul 20	4,011.10
Diesel/Litre / Jul 20	354.35
Cotton US¢/pound / Jul 20	79.24

Gainers
Losers
Leaders

Stock	Price
Asia Ins. / Jul 20 Asia Insurance Company Limited(ASIC)	37.90 ▲ 3.45 (10.01%)
TPL Insurance / Jul 20 TPL Insurance Limited(TPLI)	64.08 ▲ 5.83 (10.01%)
Ahmad Hassan / Jul 20 Ahmad Hassan Textile Mills Limited(AHTM)	100.21 ▲ 9.11 (10%)
Baba Farid Sugar / Jul 20 Baba Farid Sugar Mills Limited(BAFS)	460.42 ▲ 41.86 (10%)
Crescent Cotton / Jul 20 Crescent Cotton Mills Limited(CCM)	59.05 ▲ 5.37 (10%)
National Silk / Jul 20 The National Silk & Rayon Mills Limited(NSRM)	299.43 ▲ 27.22 (10%)
Olympia Mills / Jul 20 Olympia Mills Limited(OML)	118.34 ▲ 10.76 (10%)
Pak Refinery / Jul 20 Pakistan Refinery Limited(PRL)	49.05 ▲ 4.46 (10%)
Husein Industries / Jul 20 Husein Industries Limited(HUSI)	55 ▲ 5 (10%)
Leather Up Ltd. / Jul 20 Leather Up Limited(LEUL)	45.98 ▲ 4.18 (10%)

Stock	Price
Khairpur Sug. / Jul 20 Khairpur Sugar Mills Limited(KPUS)	1,684.32 ▼ -187.15 (-10%)
Service Textile / Jul 20 Service Industries Textiles Limited(SERT)	56.04 ▼ -6.23 (-10%)
S.G.Power / Jul 20 S.G. Power Limited(SGPL)	87.83 ▼ -9.76 (-10%)
Maqbool Textile / Jul 20 Maqbool Textile Mills Limited(MQTM)	33.43 ▼ -3.71 (-9.99%)
Ideal Dynamics / Jul 20 Ideal Dynamics Limited(IDEAL)	49.50 ▼ -5.25 (-9.59%)
Fateh Sports / Jul 20 Fateh Sports Wear Limited(FSWL)	136.39 ▼ -13.9 (-9.25%)
Buxly Paints / Jul 20 Buxly Paints Limited(BUXL)	173.04 ▼ -16.9 (-8.9%)
ARM Green Industries / Jul 20 ARM Green Industries Limited(ARMG)	64.63 ▼ -6.07 (-8.59%)
Elahi Cotton / Jul 20 Elahi Cotton Mills Limited(ELCM)	216.01 ▼ -20.08 (-8.51%)
Metro Steel / Jul 20 Metropolitan Steel Corporation Limited(MSCL)	22.03 ▼ -2.02 (-8.4%)

Stock	Volume
Cnergyico PK / Jul 20 Cnergyico PK Limited(CNERGY)	166,059,814 ▲ 0.8
Pak Refinery / Jul 20 Pakistan Refinery Limited(PRL)	49,159,104 ▲ 4.46
TPL Properties / Jul 20 TPL Properties Limited(TPLP)	38,436,785 ▲ 0.41
Trust Sec.& Brok. / Jul 20 Trust Securities & Brokerage Limited(TSBL)	36,283,729 ▲ 0.15
K-Electric Ltd. / Jul 20 K-Electric Limited(KEL)	27,615,297 ▼ -0.07
Lotte Chemical / Jul 20 Lotte Chemical Pakistan Limited(LOTCHEM)	17,575,908 ▲ 0.54
WorldCall Telecom / Jul 20 Worldcall Telecom Limited(WTL)	15,089,114 ▲ 0
B.O.Punjab / Jul 20 The Bank of Punjab(BOP)	14,202,726 ▲ 0.01
Maple Leaf Cement / Jul 20 Maple Leaf Cement Factory Limited(MLCF)	13,521,739 ▲ 0.86
F. Nat.Equities / Jul 20 First National Equities Limited(FNEL)	13,125,536 ▲ 0.01

oil producers

Most Popular