Trends - OPEC - Business Recorder

OPEC

Opec deal to soothe oil prices

The fears surrounding Opec’s gridlock proved short-lived once again, as the cartel emerged rather unscathed from...

Published 26 Jul, 2021 07:35am

Markets

Oil firms after slide but COVID-19 and supply concerns remain

US crude inventories expected to fall again
Oil slumped on Monday amid rising COVID-19 cases
OPEC+ deal to boost oil supply adds pressure

Published 20 Jul, 2021 06:02pm

Markets

Oil falls $2 after OPEC+ producers agree to raise output

Brent crude was down $1.92, or 2.6%, at $71.67 a barrel
"Longer-term, free and additional production capacities from OPEC+ countries are the key reason why we see oil moving lower again"

Published 19 Jul, 2021 04:32pm

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

OPEC+ plans new output policy meeting today

MOSCOW/DUBAI: OPEC+ ministers plan to hold their next meeting on Sunday to decide on output policy, three sources...

Published 18 Jul, 2021 05:58am

Markets

Asia’s naphtha, gasoline cracks rise

SINGAPORE: Asia’s naphtha and gasoline crack gained on Friday as demand remained steady. The naphtha crack was...

Published 17 Jul, 2021 04:21am

Markets

World shares steady, US yields hover near lows ahead of fresh data

MSCI World index holds ground; Europe shares open higher
US T-bill yields edge off lows; gold down
Oil heads for biggest weekly drop since at least May

Published 16 Jul, 2021 02:14pm

Markets

Oil heads for biggest weekly drop since March as supply worries mount

Brent crude for September was down 2 cents at $73.45 a barrel by 0338 GMT and is heading for a 3% fall this week after two days of heavy declines.

Published 16 Jul, 2021 10:28am

Markets

OPEC sees world oil demand reaching pre-pandemic level in 2022

Oil demand seen at 99.86 million bpd in 2022, similar to 2019

Updated 15 Jul, 2021 10:03pm

Markets

Most major Gulf bourses gain; Qatar eases

DUBAI: Most major stock markets in the Gulf ended higher on Tuesday, mirroring gains in oil prices as tight supply...

Published 14 Jul, 2021 03:59am

Business & Finance

Oil demand surges, market set for deficit and volatility: IEA

Oil markets are likely to remain volatile until there is clarity on OPEC+ production policy, the IEA warns

Updated 13 Jul, 2021 02:19pm

BR Research

Oil to rise on Opec failed deal

An unexpected failure at the Opec Plus much anticipated meeting was the latest excuse WTI crude oil needed to push...

Published 09 Jul, 2021 08:12am

Markets

Oil falls in volatile trade as investors try to make sense of OPEC spat

NEW YORK: Oil prices fell about $1 a barrel on Wednesday in another seesaw trading session, as investors feared this...

Published 08 Jul, 2021 04:22am

Markets

Oil rises as tighter market eyed after OPEC+ cancels meeting

U.S. crude inventories expected to fall in weekly reports
U.S. closely monitoring OPEC+ talks, White House says
Brent near highest since 2018, WTI near highest since 2014

Published 07 Jul, 2021 05:02pm

Markets

Asian oil buyers fret over margin impact of cancelled OPEC+ meeting

SINGAPORE: Crude oil buyers in Asia are concerned that an unexpected cancellation of an OPEC+ meeting to discuss a...

Published 07 Jul, 2021 04:28am

Oil drops sharply from multi-year highs

DUBAI: Oil prices tumbled on Tuesday in a volatile session after OPEC producers cancelled a meeting when major...

Published 07 Jul, 2021 04:28am

Markets

WTI oil price hits 2014 peak after OPEC+ talks fail

WTI crude for August delivery hit $76.98 per barrel, a level last seen in November 2014.

Published 06 Jul, 2021 05:01pm

Markets

Oil prices extend gains after OPEC+ talks fail, most equities up

The breakdown of talks between OPEC and other key crude nations raised the possibility of $100 a barrel

Published 06 Jul, 2021 09:54am

Opinion

OPEC disagreement lays bare growing UAE-Saudi economic rivalry?

Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing...

Published 06 Jul, 2021 03:48am

Markets

Oil prices up as OPEC+ calls off output talks

LONDON: Oil prices rose on Monday, driven higher after OPEC+ nations called off talks on output levels, meaning no...

Published 06 Jul, 2021 03:48am

OPEC+ abandons oil policy moot

DUBAI: OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates...

Published 06 Jul, 2021 03:48am

World

OPEC+ abandons oil policy meeting after Saudi-UAE clash

Talks carried over from last week after UAE opposition

Published 05 Jul, 2021 09:05pm

UAE rejects 'unjust' OPEC+ output deal

DUBAI: The United Arab Emirates on Sunday criticised the current oil output deal among OPEC+ alliance members as...

Updated 05 Jul, 2021 09:28am

Markets

UAE rejects 'unfair' OPEC+ output deal

"Negotiations... will be difficult as OPEC+ knows that if the UAE is allowed to produce from a different base, other members may protest," said Louise Dickson from Rystad.

Published 04 Jul, 2021 05:09pm

Markets

Most Asian markets rise after Wall St record, eyes on jobs data

Traders are now looking forward to much-anticipated US jobs data later in the day

Published 02 Jul, 2021 09:29am

Markets

Abu Dhabi hits record high as most Gulf bourses gain

DUBAI: Abu Dhabi’s stocks hit a new record high on Thursday, as conglomerate International Holding (IHC) continued...

Published 02 Jul, 2021 04:20am

Markets

Oil rises on lower US stockpiles, demand recovery

• US crude stocks fell for the sixth straight week • OPEC to discuss extension of supply cut deal NEW YORK: ...

Published 01 Jul, 2021 04:09am

Markets

Oil rises on lower U.S. stockpiles, demand recovery

U.S. crude stockpiles fell last week for the sixth straight week as refiners ramped up output in response to rising demand, the Energy Information Administration said.

Published 01 Jul, 2021 12:03am

Markets

OPEC will increase output to keep oil prices affordable

The group is meeting on Thursday, and sources have told Reuters it is discussing a further easing of output cuts, but had not yet decided on the exact volume to bring back

Published 30 Jun, 2021 03:05pm

BR Research

Global recovery: turn the taps on?

Crude oil prices have not been this sanguine in a long time – it recently hovered the highest since 2018, which...

Published 30 Jun, 2021 01:46pm

Gainers
Losers
Leaders

Stock	Price
Sally Tex. / Jul 30 Sally Textile Mills Limited(SLYT)	5.39 ▲ 0.79 (17.17%)
Security Bank / Jul 30 Security Investment Bank Limited(SIBL)	7.35 ▲ 0.91 (14.13%)
Ist Paramount / Jul 30 First Paramount Modaraba(FPRM)	8.80 ▲ 1.00 (12.82%)
Tri-Star / Jul 30 Tri-Star Mutual Fund Limited(TSMF)	7.49 ▲ 0.81 (12.13%)
Dewan Farooque Motors / Jul 30 Dewan Farooque Motors Limited(DFML)	11.68 ▲ 1.00 (9.36%)
Ghazi Fab. / Jul 30 Ghazi Fabrics International Limited(GFIL)	13.60 ▲ 1.00 (7.94%)
Thal LTD / Jul 30 Thal Limited(THALL)	434.16 ▲ 30.28 (7.50%)
Thal Ind. / Jul 30 The Thal Industries Corporation Limited(TICL)	320.68 ▲ 22.37 (7.50%)
Arpak Int. / Jul 30 Arpak International Investments Ltd.(ARPAK)	87.09 ▲ 6.07 (7.49%)
First Tri-Star Mod. / Jul 30 First Tri-Star Modaraba(FTSM)	14.78 ▲ 1.03 (7.49%)

Stock	Price
Image Pakistan / Jul 30 Image Pakistan Limited(IMAGE)	27.91 ▲ -6.29 (-18.39%)
Trust Mod. / Jul 30 Trust Modaraba(TRSM)	2.72 ▲ -0.33 (-10.82%)
First Fid. Leas. / Jul 30 First Fidelity Leasing Modaraba(FFLM)	3.02 ▲ -0.28 (-8.48%)
Blessed Tex. / Jul 30 Blessed Textiles Limited(BTL)	475.45 ▲ -38.55 (-7.50%)
Gatron Ind. / Jul 30 Gatron (Industries) Limited(GATI)	520.78 ▲ -42.22 (-7.50%)
Pak Engg. / Jul 30 Pakistan Engineering Co Limited(PECO)	392.73 ▲ -31.84 (-7.50%)
Prosperity / Jul 30 Prosperity Weaving Mills Limited(PRWM)	46.38 ▲ -3.76 (-7.50%)
Khairpur / Jul 30 Khairpur Sugar Mills Limited(KPUS)	65.59 ▲ -5.31 (-7.49%)
Mehran Sugar / Jul 30 Mehran Sugar Mills Limited(MRNS)	53.58 ▲ -4.34 (-7.49%)
Dawood Equities / Jul 30 Dawood Equities Limited(DEL)	19.68 ▲ -1.59 (-7.48%)

Stock	Volume
Worldcall / Jul 30 Worldcall Telecom Limited(WTL)	49,369,000 ▼ 0.00
Byco Petroleum / Jul 30 Byco Petroleum Pakistan Limited(BYCO)	46,970,500 ▼ 0.00
Unity Foods / Jul 30 Unity Foods Limited(UNITY)	16,065,452 ▼ 0.00
Fauji Fert. Bin / Jul 30 Fauji Fertilizer Bin Qasim Limited(FFBL)	10,222,000 ▼ 0.00
Hum Network / Jul 30 Hum Network Limited(HUMNL)	10,015,500 ▼ 0.00
Aisha Steel / Jul 30 Aisha Steel Mills Limited(ASL)	9,649,500 ▼ 0.00
Silkbank / Jul 30 Silkbank Limited(SILK)	9,425,000 ▼ 0.00
Hascol Petroleum / Jul 30 Hascol Petroleum Limited(HASCOL)	9,171,860 ▼ 0.00
TPL Corp / Jul 30 TPL Corp Limited(TPL)	8,869,500 ▼ 0.00
P.T.C.L.A / Jul 30 Pakistan Telecommunication Company Ltd(PTC)	8,636,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	162.00
USD PKR Interbank Buying / Jul 29	161.90
USD to Japanese Yen / Jul 29	109.85
USD to Swiss Franc / Jul 29	0.91
Pound Sterling to USD / Jul 29	1.39
Euro to USD / Jul 29	1.18
UK LIBOR % / Jul 29	0.08

Stock	Volume
S&P 500 / Jul 29	4400.64
India Sensex / Jul 29	52443.71
Tokyo Nikkei / Jul 29	27725.72
Nasdaq / Jul 29	14762.59
Hang Seng / Jul 29	25473.88
FTSE 100 / Jul 29	7016.63
Dow Jones / Jul 29	34930.93
Germany DAX 30 / Jul 29	15570.36
France CAC40 / Jul 29	6609.31

Item	Value
Crude Oil / Jul 29	72.32
Karachi Cotton Assoc. / Jul 29	13080.00
Gold 10 Grams / Jul 29	94050.00
Gold Spot / Jul 29	1810.11
Cotton / Jul 29	90.52

OPEC

Opec deal to soothe oil prices

Oil firms after slide but COVID-19 and supply concerns remain

Oil falls $2 after OPEC+ producers agree to raise output

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

OPEC+ plans new output policy meeting today

Asia’s naphtha, gasoline cracks rise

World shares steady, US yields hover near lows ahead of fresh data

Oil heads for biggest weekly drop since March as supply worries mount

OPEC sees world oil demand reaching pre-pandemic level in 2022

Most major Gulf bourses gain; Qatar eases

Oil demand surges, market set for deficit and volatility: IEA

Oil to rise on Opec failed deal

Oil falls in volatile trade as investors try to make sense of OPEC spat

Oil rises as tighter market eyed after OPEC+ cancels meeting

Asian oil buyers fret over margin impact of cancelled OPEC+ meeting

Oil drops sharply from multi-year highs

WTI oil price hits 2014 peak after OPEC+ talks fail

Oil prices extend gains after OPEC+ talks fail, most equities up

OPEC disagreement lays bare growing UAE-Saudi economic rivalry?

Oil prices up as OPEC+ calls off output talks

OPEC+ abandons oil policy moot

OPEC+ abandons oil policy meeting after Saudi-UAE clash

UAE rejects 'unjust' OPEC+ output deal

UAE rejects 'unfair' OPEC+ output deal

Most Asian markets rise after Wall St record, eyes on jobs data

Abu Dhabi hits record high as most Gulf bourses gain

Oil rises on lower US stockpiles, demand recovery

Oil rises on lower U.S. stockpiles, demand recovery

OPEC will increase output to keep oil prices affordable

Global recovery: turn the taps on?

Most Popular Articles

Pakistan eyes to enter $90bn gaming industry with upcoming program

Chughtai Lab and Pfizer Partner to establish Vaccination Centers across Pakistan

Pakistan sees 'light at the end of the tunnel’ as domestic activity indicators pickup: Baqir

MPCL enters into JV Agreement for Potential Mining Projects in Balochistan

Pakistan’s First Ever Motorsports Arena to be Build in KPK