Trends - oil production - Business Recorder

oil production

PPL FY24 – earnings growth amid production decline

For FY24, Pakistan Petroleum Limited (PSX: PPL) reported a 17 percent year-on-year growth in earnings, despite...

Updated 26 Sep, 2024 09:44am

Markets

Oil eases on resuming US output after storm

NEW YORK: Oil prices fell on Friday as US Gulf of Mexico crude production resumed following Hurricane Francine and...

Updated 15 Sep, 2024 09:44am

BR Research

POL strikes despite production dip

The oil production of Pakistan witnessed an uptick of 1.4 percent year-on-year in FY24. Meanwhile, gas production...

Published 06 Sep, 2024 08:53am

BR Research

Oil prices: Geopolitics pips fundamentals

The seemingly never-ending seesaw between market fundamentals and geopolitical risks entered another fresh episode...

Published 29 Aug, 2024 08:05am

Markets

FY24: Oil production up; gas’s down

KARACHI: The oil production of Pakistan has increased by 1.4 percent on year-on-year basis during FY24, however gas...

Published 07 Aug, 2024 05:38am

Markets

OGDC sees significant boost in oil production at KPK well

Oil and Gas Development Company Limited (OGDC) has registered a significant increase in oil production from Nashpa...

Updated 17 May, 2024 04:46pm

Markets

Brent hovers above $83 as inflation data takes centre stage

LONDON: Oil prices edged higher on Monday after losing about $1 a barrel in the previous session on signs that U.S....

Updated 13 May, 2024 06:30pm

Markets

OPEC+ likely to extend production cuts in June

LONDON: Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months...

Published 05 May, 2024 02:54am

BR Research

MARI – earnings slip in 3Q

Mari Petroleum Company Limited (PSX: MARI) announced its financial performance recently, posting a decline in the...

Published 03 May, 2024 09:07am

BR Research

POL in 9MFY24

During the nine months of FY24, the oil production by the exploration and production sector in the country witnessed...

Published 29 Apr, 2024 07:40am

Business & Finance

Iran inks big contracts to increase oil production

TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil...

Updated 18 Mar, 2024 08:55am

Markets

Iran inks big contracts to increase oil production

TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil...

Published 17 Mar, 2024 08:21pm

Markets

Oil rises on Middle East tensions, interest rates curb gains

HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were...

Updated 13 Feb, 2024 09:36pm

Markets

Iraq committed to OPEC, will not produce more than 4mn bpd: minister

BAGHDAD: Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is also...

Published 12 Feb, 2024 05:02pm

Business & Finance

Saudi Aramco halts plan to raise production capacity: statement

RIYADH: Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels...

Published 30 Jan, 2024 12:08pm

Business & Finance

Angola to quit OPEC over oil production quotas disagreement

LUANDA: Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil...

Published 22 Dec, 2023 05:22am

World

IMF says lower oil production will reduce Iraq’s GDP growth in 2023, 2024

DUBAI: The International Monetary Fund said Iraq faces lower GDP growth in 2023 and 2024 as a result of lower oil...

Published 19 Dec, 2023 08:30pm

Markets

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 31	277.92
USD PKR Interbank Buying / Oct 31	277.72
USD to Japanese Yen / Oct 31	152.20
USD to Swiss Franc / Oct 31	0.86
Pound Sterling to USD / Oct 31	1.30
Euro to USD / Oct 31	1.09

Stock	Volume
S&P 500 / Oct 30	5,813.67
Nasdaq / Oct 30	18,607.93
Dow Jones / Oct 30	42,141.54
India Sensex / Oct 31	79,453.59
Tokyo Nikkei / Oct 31	39,081.25
Hang Seng / Oct 31	20,382.25
FTSE 100 / Oct 31	8,105.12
Germany DAX 30 / Oct 31	19,158.33

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Crude Oil USD/Barrel / Oct 31	69
Gold Spot USD/Ounce / Oct 31	2,781.74
Cotton US¢/pound / Oct 31	69.77
Petrol/Litre / Nov 1	247.03

Gainers
Losers
Leaders

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

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

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

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