AIRLINK 60.10 Increased By ▲ 0.25 (0.42%)
BOP 6.32 Increased By ▲ 0.02 (0.32%)
CNERGY 4.35 Decreased By ▼ -0.03 (-0.68%)
DFML 15.88 Decreased By ▼ -0.09 (-0.56%)
DGKC 70.20 Decreased By ▼ -1.50 (-2.09%)
FCCL 18.30 Decreased By ▼ -0.16 (-0.87%)
FFBL 26.85 Increased By ▲ 0.55 (2.09%)
FFL 9.31 Increased By ▲ 0.11 (1.2%)
GGL 10.30 Decreased By ▼ -0.02 (-0.19%)
HBL 116.21 Increased By ▲ 1.71 (1.49%)
HUBC 114.50 Increased By ▲ 1.80 (1.6%)
HUMNL 6.80 Increased By ▲ 0.15 (2.26%)
KEL 5.01 Increased By ▲ 0.18 (3.73%)
KOSM 4.75 Increased By ▲ 0.07 (1.5%)
MLCF 38.59 Decreased By ▼ -0.40 (-1.03%)
OGDC 126.50 Increased By ▲ 3.10 (2.51%)
PAEL 21.49 Decreased By ▼ -0.51 (-2.32%)
PIAA 10.94 Decreased By ▼ -0.06 (-0.55%)
PIBTL 6.02 No Change ▼ 0.00 (0%)
PPL 113.28 Increased By ▲ 4.88 (4.5%)
PRL 28.35 Increased By ▲ 0.15 (0.53%)
PTC 11.15 Increased By ▲ 0.08 (0.72%)
SEARL 52.10 Increased By ▲ 0.65 (1.26%)
SNGP 68.00 No Change ▼ 0.00 (0%)
SSGC 11.48 Decreased By ▼ -0.12 (-1.03%)
TELE 8.00 Decreased By ▼ -0.07 (-0.87%)
TPLP 11.58 Decreased By ▼ -0.12 (-1.03%)
TRG 73.00 Decreased By ▼ -2.71 (-3.58%)
UNITY 23.70 Increased By ▲ 0.95 (4.18%)
WTL 1.29 Increased By ▲ 0.01 (0.78%)
BR100 6,675 Increased By 129.8 (1.98%)
BR30 22,689 Increased By 390.8 (1.75%)
KSE100 64,721 Increased By 1017.8 (1.6%)
KSE30 21,931 Increased By 423.2 (1.97%)

oil production

US crude output, refining use slump on Texas storms: EIA
Markets

US crude output, refining use slump on Texas storms: EIA

  • Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.8 million barrels, and net US crude imports rose by 249,000 bpd, the EIA said.
  • US gasoline stocks rose by 12,000 barrels to 257.1 million barrels, compared with expectations for a 3.1 million-barrel drop.?
Published 24 Feb, 2021 09:23pm
Oil producers eye long road to recovery as Texas begins to thaw
Markets

Oil producers eye long road to recovery as Texas begins to thaw

  • The shut in oil production represents 2 to 4% of global supply, so a slow recovery would tighten worldwide crude markets and may bolster prices that already hit a one-year peak earlier this week.
  • "I think it will be a while before things get better out in the field," one executive at a Permian producer said, on condition of anonymity.
Published 22 Feb, 2021 06:53pm
Oil edges higher but demand fears set in
Markets

Oil edges higher but demand fears set in

  • Brent crude was up 29 cents, or 0.5%, at $61.43 a barrel.
  • Prices have risen over recent weeks partly owing to oil production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and other producers in the group known as OPEC+.
Published 12 Feb, 2021 09:02pm
Iraq expects oil exports to average 3.6mn bpd in February
Markets

Iraq expects oil exports to average 3.6mn bpd in February

  • An average of 2.9 million bpd in exports would come from southern Iraq, he told a news briefing in Baghdad.
  • The minister said he anticipated an oil price of $58 to $63 in 2021. He also said OPEC and its allies were expected to keep their output policy.
Published 10 Feb, 2021 05:40pm
Norway expects slower oil output growth in 2021-2023
Markets

Norway expects slower oil output growth in 2021-2023

  • The Norwegian Petroleum Directorate (NPD) expects oil production to grow by 3.6% this year to 1.76 million barrels per day (bpd).
  • The forecast for 2024 was meanwhile raised by 2.6% to an expected 16-year high of 2.1 million bpd.
Published 14 Jan, 2021 06:12pm
Aramco may have to sell assets, borrow more to maintain Saudi dividend
World

Aramco may have to sell assets, borrow more to maintain Saudi dividend

  • Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices.
  • Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.
Published 17 Dec, 2020 11:32am