Trends - oil production - Business Recorder

oil production

Russia to extend oil production cuts until end of June

MOSCOW: Russia announced Tuesday that it was extending until the end of June oil production cuts of 500,000 barrels...

Published 21 Mar, 2023 08:44pm

Markets

Russia’s Novak: Moscow to maintain 500,000 bpd oil output cut to end June

MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels...

Published 21 Mar, 2023 08:12pm

BR Research

Oil: Can the selloff sustain?

It took no less than a full-blown banking crisis for international oil markets to extend losses for well over a ...

Published 20 Mar, 2023 07:37am

Markets

US senators reintroduce bill to pressure OPEC oil producer group

WASHINGTON: A group of bipartisan US senators on Wednesday said they have reintroduced legislation to pressure the...

Published 09 Mar, 2023 06:23am

Opinion

Texas: Wind and solar stake claim to land of oil

Modern Texas was built on oil, and its production has long been a source of immense pride. But now, areas that moved...

Published 06 Mar, 2023 06:48am

Markets

Oil prices rise over 2pc on Russian plan to cut output

NEW YORK: Oil prices rose more than 2 percent on Friday and posted weekly gains of over 8%, as Russia announced ...

Published 13 Feb, 2023 05:57am

Markets

Russia to cut oil output by 500,000 bpd in March

MOSCOW: Russia will cut oil production by 500,000 barrels per day, or around 5% of output, in March, Deputy Prime...

Published 10 Feb, 2023 05:16pm

Russia could cut oil production over West’s ‘stupid’ price cap

MOSCOW: Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any...

Updated 10 Dec, 2022 09:56am

Markets

Oil dips ahead of OPEC+ meeting

HOUSTON: Oil futures slipped by about $1 a barrel in choppy trading on Friday ahead of a meeting of the Organization...

Published 04 Dec, 2022 03:37am

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

Saudi blasts release of oil reserves ‘to manipulate markets’

RIYADH: Saudi Arabia’s energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to...

Updated 26 Oct, 2022 09:28am

Markets

Biden, battling high gas prices, says US will tap, refill oil reserve

WASHINGTON: President Joe Biden said Wednesday the United States will sell 15 million barrels from the nation's...

Published 19 Oct, 2022 11:17pm

Markets

UAE says OPEC+ output cut was correct decision

ABU DHABI: The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut ...

Published 19 Oct, 2022 05:54am

OPEC+ members line up to endorse production cut

CAIRO: OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White...

Updated 17 Oct, 2022 09:57am

World

Biden says he ‘can beat’ Donald Trump again

WASHINGTON: US President Joe Biden on Tuesday voiced confidence that he could beat his predecessor Donald Trump in a...

Published 13 Oct, 2022 05:59am

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

World

Biden re-evaluating US relationship with Saudis after OPEC decision

WASHINGTON: President Joe Biden is re-evaluating the US relationship with Saudi Arabia after OPEC+ announced last...

Updated 12 Oct, 2022 09:26am

World

Biden re-evaluating US relationship with Saudis after OPEC decision

WASHINGTON: President Joe Biden is re-evaluating the US relationship with Saudi Arabia after OPEC+ announced last...

Published 11 Oct, 2022 07:40pm

Markets

OPEC oil cuts bad for global economy, says US’s Yellen

US Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was “unhelpful and...

Published 09 Oct, 2022 11:47am

Markets

Putin orders seizure of Exxon-led Sakhalin - 1 oil and gas project

MOSCOW/HOUSTON: Russian President Vladimir Putin on Friday signed a decree that creates a new operator for the Exxon...

Published 09 Oct, 2022 05:51am

Business & Finance

US bill pressuring OPEC+ after oil production cut gains momentum

WASHINGTON: Top US senators from both parties on Thursday gave momentum to a bill pressuring OPEC+ after the group...

Updated 08 Oct, 2022 09:54am

World

US lawmakers question Saudi arms sales as Biden mulls OPEC response

WASHINGTON: Democratic members of the US Congress called for a sharp reduction in military sales to Saudi Arabia, as...

Published 07 Oct, 2022 12:58am

OPEC+ agrees deep oil production cuts

VIENNA/LONDON: OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market,...

Published 06 Oct, 2022 05:59am

World

Biden ‘disappointed’ with OPEC+’s ‘shortsighted’ output cut

WASHINGTON: President Joe Biden is “disappointed” with the OPEC+ cartel’s decision to slash oil production output...

Published 05 Oct, 2022 09:17pm

Markets

OPEC+ agrees major oil output cut

VIENNA: OPEC and its Russia-led allies agreed on a major cut in oil production on Wednesday, a move to prop up...

Published 05 Oct, 2022 08:01pm

Markets

Oil up near $90 as OPEC+ considers output cut

NEW YORK: Oil prices rose on Thursday for a second day, briefly touching $90 per barrel as leading OPEC+ members ...

Published 30 Sep, 2022 05:52am

Markets

OPEC+ agrees small oil production cut

LONDON: OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have...

Published 06 Sep, 2022 04:08am

Markets

Russia signals opposition to potential OPEC+ oil output cut: WSJ

MOSCOW: Russia does not support an oil production cut at this time and it is likely OPEC+ will keep its output ...

Published 05 Sep, 2022 08:05am

Markets

Nigeria assumes $70 oil price for 2023 budget: finance minister

ABUJA: Nigeria will assume a $70 oil price for its 2023 budget and crude output of 1.6 million barrels per day ...

Published 28 Jul, 2022 04:41am

Markets

Iraq can boost oil output by 200,000 bpd this year if asked: BOC

BASRA: Iraq has the capacity to increase its oil production by 200,000 barrel per day (bpd) this year if asked, an...

Published 22 Jul, 2022 09:55pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 22 786 Investments Limited(786)	4.90 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 22 Al-Abbas Sugar Mills Limited(AABS)	393.99 ▼ 0.00 (0.00%)
Agro Allianz / Mar 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 22 Allied Bank Limited(ABL)	63.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 22 Abbott Laboratories (Pakistan) Limited(ABOT)	400.12 ▼ 0.00 (0.00%)
Abson Ind. / Mar 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 22 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 22 Attock Cement Pakistan Limited(ACPL)	59.01 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 22 786 Investments Limited(786)	4.90 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 22 Al-Abbas Sugar Mills Limited(AABS)	393.99 ▲ 0.00 (0.00%)
Agro Allianz / Mar 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 22 Allied Bank Limited(ABL)	63.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 22 Abbott Laboratories (Pakistan) Limited(ABOT)	400.12 ▲ 0.00 (0.00%)
Abson Ind. / Mar 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 22 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 22 Attock Cement Pakistan Limited(ACPL)	59.01 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.00
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▲ 0.00
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▲ 0.00
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▲ 0.00
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.00
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	4,452,500 ▲ 0.00
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▲ 0.00
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.00
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.00
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 21	285.40
USD PKR Interbank Buying / Mar 21	283.90
USD to Japanese Yen / Mar 21	132.38
USD to Swiss Franc / Mar 21	0.92
Pound Sterling to USD / Mar 21	1.22
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
India Sensex / Mar 21	58074.68
Tokyo Nikkei / Mar 21	26945.67
Nasdaq / Mar 21	11860.11
Hang Seng / Mar 21	19258.76
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91

Item	Value
Crude Oil USD/Barrel / Mar 21	69.33
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Gold Spot USD/Ounce / Mar 21	1943.10
Cotton US¢/pound / Mar 21	77.85

oil production

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