Trends - oil production - Business Recorder

oil production

OPEC+ talks tough, policy rollover possible, sources say

LONDON: OPEC+ talks on oil policy are difficult, making a rollover a possibility rather than deeper production cuts...

Published 28 Nov, 2023 07:19pm

Markets

Indian Oil to double Ennore LNG terminal’s capacity to 10mn tpy

NEW DELHI: Indian Oil Corp, the country’s top refiner, aims to double the capacity of its liquefied natural gas...

Published 24 Nov, 2023 02:40pm

Markets

Oil prices steady ahead of OPEC+ oil production decision

Global benchmark Brent crude oil hovered above $81 a barrel on Friday ahead of next week’s OPEC+ meeting, which...

Updated 24 Nov, 2023 10:31pm

BR Research

MARI – earnings soar in 1QFY24

The oil and gas exploration and production sector has seen some respite in production volumes in the ongoing fiscal...

Published 27 Oct, 2023 08:07am

World

Nigeria wins multi-billion-dollar damages appeal

LONDON: Nigeria won an appeal on Monday to overturn a multi-billion-dollar damages bill in a long-running ...

Published 24 Oct, 2023 05:05am

Markets

Oil prices fall again; demand worries outweigh tight supply

HOUSTON: Oil prices dipped on Thursday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil...

Updated 05 Oct, 2023 08:45pm

Markets

Oil falls more than $3 on demand fears, Saudi confirms cuts to year-end

Brent trades at lowest since September 1 during the session, with an intraday low of $87.55 a barrel

Updated 04 Oct, 2023 08:12pm

World

New business helps rebound in Saudi non-oil activity in Sept

DUBAI: Growth in non-oil business activity in Saudi Arabia accelerated in September from an 11-month low the...

Published 03 Oct, 2023 10:16am

Markets

Oil steadies amid strong US dollar, mixed supply cues

LONDON: Oil prices were little changed on Tuesday, after falling to a three-week low in the previous session, amid a...

Updated 03 Oct, 2023 08:07pm

Markets

Saudi Arabia to tap international debt markets as deficits return

RIYADH: Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in...

Published 01 Oct, 2023 05:25pm

Markets

Shell seeks partners for renewable assets in India

LONDON: Shell is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng...

Published 21 Sep, 2023 05:05pm

Markets

Oil rebounds to climb $1 as Russia bans most fuel exports

LONDON: Oil prices rebounded from $1 down to $1 up in trading on Thursday, after a Russian ban on fuel exports...

Updated 21 Sep, 2023 07:37pm

Markets

OGDCL sees significant oil & gas production increase in KPK well

Nashpa Well-10 is situated within the Nashpa Development and Production Lease in the Karak district of the Khyber Pakhtunkhwa province

Updated 13 Sep, 2023 04:24pm

Markets

OPEC says oil production increases slightly in August

VIENNA: Oil production among the 13-member Organization of the Petroleum Exporting Countries (OPEC) increased...

Published 12 Sep, 2023 07:52pm

Markets

UAE says OPEC+ taking adequate measures for oil market stability

GOA: The OPEC+ bloc is taking adequate measures for the stability of the oil market, United Arab Emirates Energy...

Updated 22 Jul, 2023 05:42pm

Markets

OPEC sees 2.2 pct oil demand growth in 2024 despite headwinds

LONDON: OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in...

Published 13 Jul, 2023 06:13pm

Markets

UAE climate chair urges oil firms to slash emissions

PARIS: The Emirati oil executive chairing this year’s UN climate summit, Sultan Al Jaber, told private and national...

Published 06 Jul, 2023 04:48pm

Markets

India, Iraq discuss ways to expand oil trade

NEW DELHI: India aims to expand its annual oil purchases from Iraq from 1 billion barrels currently, Oil Minister...

Published 20 Jun, 2023 06:03pm

Business & Finance

Shell boosts dividend, steadies oil output under new CEO’s plan

LONDON: Shell said it will ramp up its dividend and share buybacks while keeping oil output steady into 2030, as CEO...

Published 19 Jun, 2023 06:54am

Markets

OPEC oil demand forecast holds steady as economic clouds gather

LONDON: OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the...

Published 13 Jun, 2023 05:47pm

Markets

IMF says Saudi Arabia growth to slow to 2.1% in 2023 on oil production cuts

DUBAI: The International Monetary Fund (IMF) expects growth in Saudi Arabia to slow to 2.1% in 2023 on the back of...

Published 07 Jun, 2023 08:04pm

Markets

OPEC+ begins meetings which may agree further output cuts

LONDON: OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of...

Published 03 Jun, 2023 03:23pm

Markets

Oil climbs over 2% as recession fears begin to fade

NEW YORK: Oil prices rose over 2% on Monday as U.S. recession fears eased and some traders saw crude’s three-week...

Updated 08 May, 2023 08:44pm

Markets

US shrugs off Saudi-led oil production cut

WASHINGTON: The White House on Monday shrugged off a sharp output cut by Saudi-led OPEC+ oil producers, saying it...

Published 03 Apr, 2023 09:51pm

Markets

Saudi, UAE lead Mideast oil production cut for market ‘stability’

Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year

Published 02 Apr, 2023 08:25pm

Markets

Novak says Russia to extend 500,000 bpd oil production cut until end of year

MOSCOW: Russia will extend a 500,000 barrels per day (bpd) oil production cut until the end of the year, Deputy...

Published 02 Apr, 2023 07:25pm

Markets

OPEC+ unlikely to tweak oil policy in Monday talks

LONDON/MOSCOW: OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five...

Published 30 Mar, 2023 06:12pm

Markets

OPEC+ likely to stick to its guns despite price slump, delegates say

LONDON/DUBAI: OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end...

Published 22 Mar, 2023 05:16pm

Markets

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

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Dec 1 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Dec 1 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Dec 1 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Dec 1 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Dec 1 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Dec 1 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Dec 1 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Dec 1 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Dec 1 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Dec 1 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Dec 1 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Dec 1 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Dec 1 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Dec 1 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Dec 1 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Dec 1 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Dec 1 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Dec 1 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Dec 1 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Dec 1 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

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