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oil supply

OPEC+ extends oil supply cuts through March

VIENNA: Several OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cuts for...

Published 05 Dec, 2024 07:24pm

Business & Finance

World Bank expects oil glut to cause commodity price slump

WASHINGTON: Global commodity prices should fall to a five-year low next year thanks to a huge oil glut, the World...

Published 30 Oct, 2024 06:32am

Markets

India prepared to handle oil supply hit from Middle East conflict, oil minister says

NEW DELHI: India will be able to navigate through any hit to oil supplies from the potential widening of the Middle...

Published 07 Oct, 2024 06:58pm

Business & Finance

Eight OPEC+ members extend oil supply cuts until end of Nov

VIENNA: Eight members of the OPEC+ group of oil-producing nations agreed Thursday to extend their voluntary supply...

Published 06 Sep, 2024 07:04am

Senate panel told: Ogra takes over oil demand-supply function

ISLAMABAD: An Oil and Gas Regulatory Authority (Ogra) official Friday apprised a parliamentary panel that the...

Updated 03 Aug, 2024 01:03pm

Pakistan

AJK landslide: Alternate oil supply route planned

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) urgently convened a meeting with representatives from the...

Published 30 Jul, 2024 03:10am

Markets

Saudi Arabia likely to extend additional supply cuts to Q1 2024: Energy Aspects

SINGAPORE: The world’s top oil exporter, Saudi Arabia, is expected to extend its additional voluntary supply cuts to...

Published 15 Nov, 2023 08:18pm

Business & Finance

China fuels increase in global oil demand: IEA

PARIS: World oil demand will rise slightly more than expected this year as China’s appetite for the fossil fuel ...

Published 15 Nov, 2023 06:09am

Markets

Oil prices rise by about 1pc as tight supply balances economic outlook

NEW YORK: Oil prices rose by about 1 percent after reaching a two-week low earlier in the session on Tuesday, as...

Published 27 Sep, 2023 06:08am

Business & Finance

OTCA stops oil supply to the whole country

ISLAMABAD: The Oil Tankers Contractors Association (OTCA) stopped oil supply on Monday to the whole country as part...

Published 19 Sep, 2023 06:31am

Markets

Saudi, Russian oil cuts to cause big supply shortfall: IEA

PARIS: Oil cuts by Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end of...

Published 14 Sep, 2023 06:07am

IEA flags OPEC+ supply cuts

International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter

Updated 12 Aug, 2023 09:53am

Markets

Oil edges higher as market weighs Russian supply cuts amid demand fears

HOUSTON: Oil prices edged higher on Monday, rebounding from early losses as investors weighed Russia plans to cut...

Published 14 Feb, 2023 05:58am

Russian oil supply likely by April

Negotiations with Russia were finalised in 45 days: Petroleum State Minister Musadik Malik

Updated 04 Feb, 2023 09:13pm

ARL warns supply disruption if AGL not operationalized

ISLAMABAD: M/s Attock Refinery Limited (ARL) has warned the government that oil supply to Pakistan Air Force (PAF),...

Updated 14 Dec, 2022 09:48am

22-day cover for petrol, 19-day cover for HSD in hand: Ogra

ISLAMABAD: In response to the letter written by the Oil Companies Advisory Council (OCAC) regarding the oil supply...

Updated 18 Nov, 2022 09:23am

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

Markets

Oil rises 1pc on supply concerns, expectations for fuel switching

NEW YORK: Oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil...

Published 15 Sep, 2022 07:16am

Markets

Oil falls on weak economic data, offshore oil restart

NEW YORK: Oil prices fell by more than $5 a barrel on Monday after disappointing Chinese economic data renewed...

Published 16 Aug, 2022 03:59am

OPEC+ agrees tiny output rise in setback for Biden

DUBAI/LONDON: OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a...

Published 04 Aug, 2022 05:43am

Markets

Oil sinks about 4pc after weak factory data sparks demand concerns

NEW YORK: Oil prices dropped about 4% on Monday as weak manufacturing data in several countries weighed on the ...

Published 02 Aug, 2022 06:58am

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

Markets

Oil rises 1pc as tight supply outweighs economic worries

NEW YORK: Oil prices edged up about 1% to a two-week high in volatile trade on Tuesday as the market focused more on...

Published 20 Jul, 2022 07:05am

Markets

Oil rises 2% but set for weekly loss amid recession fears

NEW YORK: Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as...

Updated 08 Jul, 2022 09:04pm

Opinion

Inflation, stagflation, recession

Years of neoliberal assault globally leading to a diminishing role of government, especially in regulating markets,...

Published 08 Jul, 2022 05:36am

Markets

Russian isolation won’t spark ‘acute’ oil supply crunch: IEA

PARIS: Russia’s growing isolation will not create an “acute” global oil supply crunch as production from other...

Published 13 May, 2022 05:59am

Oil market headed for surplus?

LONDON: Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the...

Updated 20 Jan, 2022 09:52am

Markets

Oil prices steady as supply concerns offset Omicron fears

LONDON: Oil prices were little changed on Monday as concerns over oil supply from Kazakhstan and Libya were offset ...

Published 11 Jan, 2022 06:33am

BR Research

Oil volatility returns

Nothing much had changed in the physical market for Brent oil to return losses for seven straight sessions earlier...

Published 26 Aug, 2021 07:35am

Business & Finance

OPEC+ agrees oil supply boost after UAE, Saudi reach compromise

"We are happy with the deal," UAE's Energy Minister Suhail bin Mohammed al-Mazroui told a news conference. Saudi energy minister Prince Abdulaziz bin Salman declined to answer questions on how the compromise was reached.

Published 19 Jul, 2021 12:21am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 20	278.70
USD PKR Interbank Buying / Jan 20	278.50
USD to Japanese Yen / Jan 20	156.03
USD to Swiss Franc / Jan 20	0.91
Pound Sterling to USD / Jan 20	1.22
Euro to USD / Jan 20	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 20	77,231.09
Tokyo Nikkei / Jan 20	38,932.72
Hang Seng / Jan 20	19,990.17
FTSE 100 / Jan 20	8,532.51
Germany DAX 30 / Jan 20	20,903.07

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Petrol/Litre / Jan 20	256.13
Crude Oil USD/Barrel / Jan 20	77.94
Gold Spot USD/Ounce / Jan 20	2,707.81
Diesel/Litre / Jan 20	260.95

Gainers
Losers
Leaders

Stock	Price
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	3.61 ▲ 0.91 (33.70%)
Burj Clean Energy Modaraba / Jan 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.60 ▲ 1.00 (13.16%)
Apna Microfin. / Jan 20 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
I.C.C. Ind. / Jan 20 ICC Industries Limited(ICCI)	11.61 ▲ 1.06 (10.05%)
Loads Limited / Jan 20 Loads Limited(LOADS)	17 ▲ 1.55 (10.03%)
AKD Securities / Jan 20 AKD Securities Limited(AKDSL)	24.93 ▲ 2.27 (10.02%)
Ghani Chem. Ind. / Jan 20 Ghani Chemical Industries Limited(GCIL)	18.24 ▲ 1.66 (10.01%)
Attock Cement / Jan 20 Attock Cement Pakistan Limited(ACPL)	254.47 ▲ 23.13 (10.00%)
Baba Farid Sugar / Jan 20 Baba Farid Sugar Mills Limited(BAFS)	53.44 ▲ 4.86 (10.00%)

Stock	Price
Hussain Industries / Jan 20 Husein Industries Limited(HUSI)	31.09 ▼ -3.45 (-9.99%)
Faisal Sp. / Jan 20 Faisal Spinning Mills Limited(FASM)	334.01 ▼ -35.89 (-9.70%)
Parmount Sp. / Jan 20 Paramount Spinning Mills Limited(PASM)	4.61 ▼ -0.44 (-8.71%)
Sindh Abadgar / Jan 20 Sindh Abadgar's Sugar Mills Limited(SASML)	38.04 ▼ -3.46 (-8.34%)
MithchellsFruit / Jan 20 Mitchells Fruit Farms Limited(MFFL)	279 ▼ -24.10 (-7.95%)
LSE Financial Serv. / Jan 20 LSE Financial Services Limited(LSEFSL)	19.26 ▼ -1.62 (-7.76%)
AN Textile Mill / Jan 20 AN Textile Mills Limited(ANTM)	11.80 ▼ -0.99 (-7.74%)
Service Textile / Jan 20 Service Industries Textiles Limited(SERT)	13.82 ▼ -1.16 (-7.74%)
Masood Textile / Jan 20 Masood Textile Mills Limited(MSOT)	52.02 ▼ -4.22 (-7.50%)

Stock	Volume
WorldCall Telecom / Jan 20 Worldcall Telecom Limited(WTL)	101,934,297 ▼ -0.01
Lotte Chemical / Jan 20 Lotte Chemical Pakistan Limited(LOTCHEM)	59,408,954 ▲ 1.94
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	57,604,421 ▲ 0.91
Hub Power Co. / Jan 20 The Hub Power Company Limited(HUBC)	36,888,747 ▲ 0.70
Hascol Petrol / Jan 20 Hascol Petroleum Limited(HASCOL)	32,496,536 ▲ 0.17
Dewan Motors / Jan 20 Dewan Farooque Motors Limited(DFML)	28,438,701 ▲ 1.02
Citi Pharma Ltd / Jan 20 Citi Pharma Ltd.(CPHL)	24,244,731 ▲ 7.71
Maple Leaf Cement / Jan 20 Maple Leaf Cement Factory Limited(MLCF)	19,741,577 ▲ 2.08
The Searle Co. / Jan 20 The Searle Company Limited(SEARL)	17,062,686 ▲ 4.29

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