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oil producers

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

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

Updated 30 Nov, 2023 08:50pm

India raises concerns over oil market volatility with producer countries

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

Updated 11 Aug, 2023 08:43am

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

India allows local oil producers to sell to private companies

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

Published 29 Jun, 2022 05:02pm

Top oil producers to meet amid record crude prices

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

Updated 01 Feb, 2022 09:19am

Markets

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

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

Updated 17 Sep, 2021 05:24pm

Markets

Oil prices slip as IEA warns of slowdown in demand recovery

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

Published 12 Aug, 2021 07:34pm

Markets

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

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

Updated 09 Aug, 2021 10:03pm

Markets

Top oil producers expected to agree on modest output boost

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

Published 18 Jul, 2021 02:45pm

Markets

Oil prices extend losses on expected supply increase

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.

Published 15 Jul, 2021 05:26pm

Markets

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

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.

Published 23 Jun, 2021 06:32pm

Markets

Oil rises on optimism about demand outlook

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.

Published 15 Jun, 2021 05:34pm

Markets

Oil prices rise as demand improves, supplies tighten

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.

Published 14 Jun, 2021 05:14pm

Markets

Oil rises to fresh multi-year highs on demand recovery

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.

Published 11 Jun, 2021 06:40pm

Markets

Oil prices rebound after knock from US driving season data

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.

Published 10 Jun, 2021 06:25pm

Markets

US crude stocks down, fuel inventories rise: EIA

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.

Published 09 Jun, 2021 08:35pm

Markets

Brent hits highest since March on demand prospects

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.

Published 01 Jun, 2021 06:38pm

Markets

Oil trades near $70 a barrel on improving demand outlook

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

Published 31 May, 2021 08:36pm

Markets

Oil prices dip on concerns about possible return of Iranian supply

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

Published 27 May, 2021 08:31pm

Markets

Oil falls as Iranian supply prospect outweighs demand optimism

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

Published 26 May, 2021 07:34pm

Markets

Oil climbs on demand outlook as market awaits fresh cues

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.

Published 12 May, 2021 05:21pm

Markets

Oil prices slip despite hefty US inventory fall

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

Published 06 May, 2021 09:01pm

Markets

Oil rises on US, Europe demand growth optimism

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

Published 04 May, 2021 07:53pm

Markets

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

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.

Published 30 Apr, 2021 08:54pm

Business & Finance

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

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.

Updated 23 Apr, 2021 07:38pm

Markets

Oil hits $68 on Libya force majeure despite pandemic surge

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.

Published 20 Apr, 2021 08:10pm

Markets

Oil near one-month highs as demand outlook improves

US West Texas Intermediate futures fell 36 cents, or 0.6%, to $62.79. It had earlier reached $63.48, also the highest since March 18.
The IEA and Organization of the Petroleum Exporting Countries (OPEC) made upward revisions to their global oil demand growth forecasts for 2021 this week to 5.7 million barrels per day (bpd) and 5.95 million bpd respectively.

Published 15 Apr, 2021 07:35pm

Markets

US crude stockpiles fall as refiners ramp up output: EIA

Crude inventories fell by 5.9 million barrels in the week to April 9 to 492.4 million barrels, compared with analysts' expectations in a Reuters poll for a 2.9 million-barrel drop.
Oil prices rallied on the report. US crude futures were up $2.50 a barrel, or 4.1%, at $62.68 a barrel, while Brent rose 4% to $66.17 a barrel.

Published 14 Apr, 2021 08:22pm

Markets

Oil falls as Suez opens, focus turns to OPEC+ output

Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel.
"The wobble we have seen in prices means that OPEC+ will likely need to take a cautious approach once again," bank ING said. "We are of the view that the group will likely hold output levels unchanged."

Published 30 Mar, 2021 09:07pm

Markets

Russian oil output rises to 10.22mn bpd in March 1-28

The rise in production has followed a slump in February, when Russian oil and gas condensate production declined from 10.16 million in January.
A source familiar with Russia's thinking said on Monday Russia would support broadly stable oil output by OPEC+ group of leading global oil producers in May.

Published 29 Mar, 2021 06:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93
Tokyo Nikkei / May 1	38274.05

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Petrol/Litre / May 1	288.49
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Diesel/Litre / May 1	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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