Trends - OPEC - Business Recorder

OPEC

OPEC+ agrees to voluntary oil output cuts

LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to voluntary output cuts approaching 2 million barrels...

Published 01 Dec, 2023 04:43am

Markets

OPEC+ agrees oil output cuts approaching 2mn bpd, sources say

LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day...

Updated 30 Nov, 2023 08:50pm

Markets

OPEC+ talks continue with prospect for deeper oil cuts unclear

DUBAI/LONDON: OPEC+ is continuing to hold talks on 2024 oil policy ahead of a Thursday ministerial meeting, as...

Published 30 Nov, 2023 04:53am

Markets

OPEC+ talks continue, no meeting delay currently expected, sources say

DUBAI/LONDON: OPEC+ is continuing to hold talks on 2024 oil policy, with no delay to a meeting scheduled for...

Published 29 Nov, 2023 03:01pm

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

OPEC head accuses IEA of vilifying fossil fuel industry

DUBAI: OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying...

Published 28 Nov, 2023 04:57am

Markets

OPEC+ moving closer to compromise with African producers

LONDON/ MOSCOW: OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, three OPEC+...

Published 25 Nov, 2023 05:19am

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

Oil: Will Opec hit back hard?

Opec delaying its scheduled meeting by four days has taken the market by surprise – initiating a selloff that saw...

Published 24 Nov, 2023 08:32am

Markets

Oil perks up after sharp week-long selloff on supply, demand concerns

LONDON: Global oil benchmark Brent remained stuck below $80 a barrel on Friday, but recouped some losses a day after...

Published 18 Nov, 2023 06:03am

Markets

Saudi Arabia’s crude exports rise in September

Saudi Arabia’s crude oil exports in September rose 3% from the previous month to 5.75 million barrels per day (bpd),...

Published 16 Nov, 2023 05:39pm

Markets

Bullish IEA, OPEC oil demand forecasts at odds with modest gains in Asia’s imports: Russell

LAUNCESTON: The International Energy Agency (IEA) and producer group OPEC are sticking to bullish forecasts for...

Published 16 Nov, 2023 10:36am

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

BR Research

Oil: Bottomed out?

The bear run in the global crude oil market may soon be short of legs. That much was made clear by Opec – which...

Published 15 Nov, 2023 09:00am

Markets

Oil climbs as IEA lifts demand growth forecast, US inflation cools

LONDON: Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts,...

Updated 14 Nov, 2023 08:39pm

Markets

Oil gains as OPEC report dampens demand concerns

BENGALURU: Oil prices rose by more than 1% on Monday after OPEC’s monthly market report eased market concerns ...

Published 14 Nov, 2023 05:08am

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as ...

Published 14 Nov, 2023 05:08am

Markets

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as...

Published 13 Nov, 2023 05:43pm

Markets

Gulf bourses mixed

DUBAI: Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of...

Published 13 Nov, 2023 06:31am

Markets

Brent oil hovers above $80 after this week's downward spiral

LONDON: The Brent crude oil benchmark hovered above $80 a barrel on Thursday, with demand concerns and a waning...

Updated 09 Nov, 2023 08:07pm

Markets

Oil sputters near three-month lows as demand concerns mount

Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in...

Updated 08 Nov, 2023 07:17pm

Markets

OPEC+ sees healthy growing global economy

LONDON: The Organization of the Petroleum Exporting Countries and allies (OPEC+) believe the global economy is...

Published 07 Nov, 2023 04:00pm

Markets

Saudi Arabia to continue voluntary 1 million bpd oil output cut for December

DUBAI: Top oil exporter Saudi Arabia will continue with its voluntary oil output cut of 1 million barrels per day...

Published 05 Nov, 2023 08:17pm

Markets

India bond yields flat as investors await Fed guidance

MUMBAI: Indian government bond yields moved sideways in a thinly-traded market early Wednesday, as investors awaited...

Published 01 Nov, 2023 11:53am

Markets

OPEC oil output rises for third month

LONDON: OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by...

Published 01 Nov, 2023 05:57am

Business & Finance

IEA says China oil demand key factor in energy transition

PARIS: The International Energy Agency executive director underlined Tuesday the importance of Chinese demand for...

Published 25 Oct, 2023 06:19am

Markets

World oil, gas, coal demand to peak by 2030, IEA says

LONDON: World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows...

Published 24 Oct, 2023 10:21am

Business & Finance

Mideast conflict: Oil investors rotate from WTI to Brent: Kemp

LONDON: Portfolio investors tiptoed back into the petroleum market last week, after three weeks of heavy selling, as...

Published 24 Oct, 2023 05:05am

Markets

Oil slips as investors watch diplomatic moves in Gaza war

LONDON: Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where...

Updated 23 Oct, 2023 05:54pm

Markets

Russia: OPEC+ helps stabilise oil markets irrespective of West’s price caps

MOSCOW: Russia said on Friday that the OPEC+ group of leading oil producers had helped to stabilise oil markets and...

Published 20 Oct, 2023 03:02pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.85 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▼ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	85.40 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▼ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 4 Attock Cement Pakistan Limited(ACPL)	96.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.85 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▲ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	85.40 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▲ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 4 Attock Cement Pakistan Limited(ACPL)	96.07 ▲ 0.00 (0.00%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.00
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.00
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.00
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.00
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.00
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.00
Air Link Com. / Dec 4 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 0.00
Dewan Cement / Dec 4 Dewan Cement Limited(DCL)	12,062,500 ▲ 0.00
K-Electric Ltd. / Dec 4 K-Electric Limited(KEL)	10,296,343 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	146.82
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.27
Euro to USD / Dec 1	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14305.03
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15

Item	Value
Crude Oil USD/Barrel / Dec 1	74.07
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2072.22
Cotton US¢/pound / Dec 1	79.42

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