Trends - Oil - Business Recorder

Oil

OPEC head rejects criticism over oil deal, says demand is good

ST PETERSBURG: OPEC Secretary General Haitham Al Ghais on Thursday defended the recent adjustments to the OPEC+ oil...

Published 06 Jun, 2024 01:45pm

Markets

Oil up on Fed rate cut expectations, but OPEC+ supply decision caps gains

SINGAPORE: Oil prices rose for a second consecutive session on Thursday amid growing expectations the Federal...

Updated 06 Jun, 2024 12:55pm

Markets

Oil eases as US crude, fuel stock builds bolster demand jitters

HOUSTON: Oil prices edged lower on Wednesday as a surprise build in U.S. crude stocks and larger-than-expected rise...

Updated 05 Jun, 2024 08:55pm

Markets

Oil drops as OPEC+ decision spotlights shaky demand

HOUSTON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this...

Published 05 Jun, 2024 08:17am

World

Saudi cabinet says it is extending voluntary oil cuts to boost market stability

DUBAI: Saudi Arabia’s cabinet on Tuesday welcomed the latest OPEC+ decisions, saying Saudi Arabia’s decision with...

Published 04 Jun, 2024 06:47pm

Markets

Saudi non-oil activity growth slows in May, PMI shows

DUBAI: Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25...

Published 04 Jun, 2024 11:14am

Markets

Oil drops more than $1 as OPEC+ decision spotlights shaky demand

LONDON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this...

Updated 04 Jun, 2024 07:29pm

Markets

Oil dives 3pc, OPEC+ decision fails to allay demand worries

NEW YORK: Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the...

Published 04 Jun, 2024 06:28am

Markets

Oil dives 3%, OPEC+ decision fails to allay demand worries

NEW YORK: Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the...

Updated 03 Jun, 2024 09:04pm

OPEC+ extends deep oil production cuts into 2025

LONDON/DUBAI: OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to...

Updated 03 Jun, 2024 09:21am

Markets

Oil settles down ahead of OPEC+ meeting

NEW YORK: Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that...

Published 02 Jun, 2024 02:53am

OPEC+ set to decide oil output policy for 2024, possibly into 2025

LONDON/DUBAI: Despite moving Sunday’s oil output decision-making meeting online, several OPEC+ ministers plan to fly...

Updated 02 Jun, 2024 12:23pm

Markets

Oil stabilises ahead of US inflation data and OPEC+ meeting

LONDON: Oil prices held steady on Friday as investors awaited U.S. inflation data for clues on the demand outlook...

Updated 31 May, 2024 05:19pm

Markets

Oil falls as US reports surprise fuel build, weak demand

NEW YORK: Oil prices fell again on Thursday, after the US government reported weak fuel demand in the country and a...

Published 31 May, 2024 06:58am

Markets

Saudi Arabia may cut July oil prices to Asia for first time in 5 months

SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, may cut prices for most crude grades it sells to Asia in...

Published 29 May, 2024 11:14am

Markets

Oil prices gain on expectations of OPEC+ extension to output cuts

LONDON: Oil prices grazed a four-week peak on Wednesday on expectations that major producers will extend output cuts...

Updated 29 May, 2024 05:20pm

Markets

Oil steadies as OPEC+ restraint balances interest rate concerns

LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2...

Updated 28 May, 2024 04:38pm

Markets

Oil rises ahead of inflation data after downbeat week

HOUSTON: Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the...

Updated 27 May, 2024 10:06pm

Business & Finance

Iran plans to raise oil output to 4m barrels per day

DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news...

Published 27 May, 2024 05:52am

Markets

Oil prices drop as interest rate policy spurs fuel demand worries

HOUSTON: Oil prices rose about 1% on Friday, but fell for the week on worries that strong US economic data would ...

Published 26 May, 2024 02:56am

Markets

Oil holds steady around three-month lows

LONDON: Oil prices were stable on Friday but poised to show a weekly loss under pressure from lingering concerns...

Updated 24 May, 2024 05:50pm

Markets

Oil creeps back up after three days of losses

LONDON: Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the U.S....

Updated 23 May, 2024 05:04pm

Business & Finance

BP pauses gas-field talks with Venezuela as license expires

HOUSTON: Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime...

Published 23 May, 2024 05:15am

Markets

Oil falls 1% as sticky US inflation weighs on demand at the pump

HOUSTON: Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates...

Updated 21 May, 2024 09:30pm

Markets

Oil prices steady

NEW YORK: Oil prices were stable on Monday as the market awaited further clues on the likely path of US interest...

Published 21 May, 2024 03:39am

Markets

Japanese rubber futures rise on supply concerns

SINGAPORE: Japanese rubber futures rose more than 2% on Monday amid higher oil prices and supply concerns. The Osaka...

Published 21 May, 2024 03:39am

Markets

Oil heads for weekly gain on hopes of firmer demand

LONDON: Oil steadied on Friday, with global benchmark Brent heading for its first weekly gain in three weeks, as...

Updated 17 May, 2024 05:55pm

Markets

Oil rebounds, gains 1% after US crude draw, lukewarm inflation data

NEW YORK: Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced...

Updated 16 May, 2024 12:34am

Markets

Oil down on inflation, supply risks in Mideast

HOUSTON: Oil prices fell on Tuesday, after fresh US data indicated inflation remains sticky, while potential risks ...

Published 15 May, 2024 05:47am

Markets

Oil dips as US data suggests inflation stickier than expected

LONDON: Oil prices edged lower on Tuesday, after US data suggested inflation remains sticky, while OPEC maintained...

Updated 14 May, 2024 07:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 6	278.53
USD PKR Interbank Buying / Jun 6	278.33
USD to Japanese Yen / Jun 6	155.75
USD to Swiss Franc / Jun 6	0.89
Pound Sterling to USD / Jun 6	1.28
Euro to USD / Jun 6	1.09

Stock	Volume
S&P 500 / Jun 5	5354.03
Nasdaq / Jun 5	17187.05
Dow Jones / Jun 5	38807.33
India Sensex / Jun 6	75088.60
Tokyo Nikkei / Jun 6	38768.13
Hang Seng / Jun 6	18539.95
FTSE 100 / Jun 6	8259.78
Germany DAX 30 / Jun 6	18722.70

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 4	19935
Petrol/Litre / Jun 6	268.36
Crude Oil USD/Barrel / Jun 6	74.53
Gold 10 Grams PKR / Jun 6	208333
Gold Spot USD/Ounce / Jun 6	2369.35
Diesel/Litre / Jun 6	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Oil

Most Popular