Trends - OPEC - Business Recorder

OPEC

Most Gulf exchanges track oil prices higher

DUBAI: Most stock markets in the Gulf ended higher on Thursday amid rising oil prices, with oil behemoth Saudi ...

Published 15 Oct, 2021 04:08am

Markets

Oil steady as surging power fuel prices offset worries about crude demand

NEW YORK: Oil prices were flat on Wednesday as surging fuel costs for power generation offset expectations for ...

Published 14 Oct, 2021 04:14am

Markets

Oil steady as surging power fuel prices offset worries about crude demand

NEW YORK: Oil prices were flat on Wednesday as surging fuel costs for power generation offset expectations for ...

Updated 14 Oct, 2021 12:02am

Business & Finance

OPEC trims 2021 demand forecast but says gas price surge could help

LONDON: OPEC has trimmed its world oil demand growth forecast for 2021 while maintaining its 2022 view, its monthly...

Published 13 Oct, 2021 05:41pm

Markets

Oil prices unlikely to rise further, Iraqi oil minister says

Brent crude is trading at $83 per barrel on Wednesday

Published 13 Oct, 2021 03:39pm

Markets

Surging oil prices lift material, energy stocks on Wall St

US stock futures pare losses, Nikkei aided by yen drop
Oil leads energy complex higher, stokes inflation risk
Dollar reaches highest on yen since late 2018

Updated 11 Oct, 2021 09:03pm

Markets

Oil prices surge; US crude touches high above $80

NEW YORK: Oil prices rose on Friday, up more than 4% on the week as a global energy crunch has boosted prices to...

Published 09 Oct, 2021 04:10am

Markets

Oil retreats from multi-year highs after US stock build

OPEC+ stick to plan for gradual supply hikes
U.S crude, gasoline stocks rise unexpectedly last week -EIA
US crude output returns to pre-storm levels – EIA

Updated 06 Oct, 2021 10:04pm

Markets

Saudi leads major Gulf markets higher; Dubai falls

Saudi Arabia's stock market rose in early trade on Wednesday to its highest in nearly 14 years amid rising oil...

Published 06 Oct, 2021 01:48pm

Markets

Oil climbs 2pc, hits multi-year highs as OPEC+ sticks to output plan

NEW YORK: Oil prices jumped 2% on Tuesday, with US crude hitting its highest since 2014 and Brent futures climbing ...

Published 06 Oct, 2021 04:17am

Markets

Oil strikes new peaks, equities rebound

LONDON: World oil prices surged Tuesday to new multi-year peaks, extending a bullish run one day after OPEC+...

Updated 05 Oct, 2021 07:02pm

Markets

Oil strikes new peaks, boosting European equities

LONDON: World oil prices surged Tuesday to new multi-year peaks, extending a bullish run one day after OPEC+...

Updated 05 Oct, 2021 05:12pm

Markets

Oil climbs past $81 with OPEC+ sticking to output increase

NEW YORK: Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output ...

Published 05 Oct, 2021 04:34am

Markets

Oil climbs past $81 with OPEC+ sticking to output increase

Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as ...

Published 04 Oct, 2021 10:58pm

Markets

Oil prices surge, stocks slump

LONDON: Oil prices surged on Monday as OPEC+ held to its planned output increase, while US and European stocks...

Updated 04 Oct, 2021 09:22pm

Markets

Oil prices surge higher as equities unfazed

LONDON: Oil prices surged higher on Monday as OPEC+ held to its planned output increase, but US and European ...

Published 04 Oct, 2021 07:23pm

Markets

OPEC+ sticks to planned output increase in face of soaring prices

LONDON: The Organization of Petroleum Exporting Countries (OPEC) and its key allies decided at a meeting on Monday ...

Published 04 Oct, 2021 07:20pm

Markets

OPEC+ grapples with mixed blessing of rising oil prices

LONDON: OPEC and its key allies will meet on Monday to decide whether to ramp up oil production in a bid to calm...

Published 04 Oct, 2021 09:36am

Markets

Oil prices buoyed by soaring gas rates ahead of OPEC+ meet

LONDON: The sharp rise in wholesale gas prices is spilling over into the oil market, with looming demand for...

Published 03 Oct, 2021 04:38pm

Markets

Russian oil, gas condensate output at highest since April 2020

MOSCOW: Russian oil and gas condensate output rose to 10.72 million barrels per day (bpd) in September, the highest...

Updated 02 Oct, 2021 11:27am

Markets

Oil rises above $78 as OPEC+ meeting looms

OPEC and its allies meet on Monday
OPEC+ considering boosting supplies, sources say
Strengthening US dollar weighs on crude price
US oil inventories rise in weekly report

Updated 01 Oct, 2021 07:58pm

Markets

OPEC Sept oil output rises on Nigerian rebound, OPEC+ boost

OPEC September output rises 420,000 bpd from August
Compliance with OPEC+ cut pledges falls to 114%
Nigeria posts OPEC's biggest output gain

Updated 30 Sep, 2021 06:22pm

Markets

Oil prices slip as US inventories rise, despite OPEC’s slow road to adding supply

NEW YORK: Oil prices slipped on Wednesday after U.S. crude inventories rose by more than anticipated, even as OPEC...

Published 30 Sep, 2021 04:15am

Markets

Brent dips after topping $80 a barrel, highest since Oct 2018

NEW YORK: Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a...

Published 29 Sep, 2021 03:59am

OPEC forecasts oil demand rebound before post-2035 plateau

LONDON: Oil demand will grow sharply in the next few years as economies recover from the pandemic, OPEC forecast on...

Published 29 Sep, 2021 03:00am

Markets

Oil heads for third straight week of gains

NEW YORK: Oil prices rose to a near three-year high on Friday and headed for a third straight week of gains,...

Published 26 Sep, 2021 03:23am

Markets

Oil prices rise, hit 2-month highs

NEW YORK: Oil prices rose on Thursday, supported by growing fuel demand and a draw in US crude inventories as...

Published 24 Sep, 2021 04:40am

Markets

Oil prices rise on expected US stocks draw

Market eyes EIA inventory data due later on Wednesday
OPEC+ struggles to pump more oil
Gas price rally adds to the upside pressure

Published 22 Sep, 2021 05:23pm

Markets

Oil edges up

NEW YORK: Oil prices rose modestly in a see-saw session on Tuesday, as concerns about the global consumption outlook...

Published 22 Sep, 2021 03:48am

Markets

OPEC+ struggles to pump more oil to meet rising demand

LONDON: OPEC and its allies struggled again to pump enough oil in August to meet global demand as it recovers from...

Published 21 Sep, 2021 08:56pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Oct 19 786 Investments Limited(786)	7.10 ▼ 0.00 (0.00%)
AL- Abbas / Oct 19 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / Oct 19 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 19 Allied Bank Limited(ABL)	77.76 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 19 Abbott Laboratories (Pakistan) Limited(ABOT)	779.91 ▼ 0.00 (0.00%)
Abson Ind. / Oct 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 19 Attock Cement Pakistan Limited(ACPL)	137.00 ▼ 0.00 (0.00%)
Adam Sugar / Oct 19 Adam Sugar Mills Limited(ADAMS)	31.20 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Oct 19 786 Investments Limited(786)	7.10 ▼ 0.00 (0.00%)
AL- Abbas / Oct 19 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / Oct 19 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 19 Allied Bank Limited(ABL)	77.76 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 19 Abbott Laboratories (Pakistan) Limited(ABOT)	779.91 ▼ 0.00 (0.00%)
Abson Ind. / Oct 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 19 Attock Cement Pakistan Limited(ACPL)	137.00 ▼ 0.00 (0.00%)
Adam Sugar / Oct 19 Adam Sugar Mills Limited(ADAMS)	31.20 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 19	172.90
USD PKR Interbank Buying / Oct 19	172.80
USD to Japanese Yen / Oct 19	114.28
USD to Swiss Franc / Oct 19	0.92
Pound Sterling to USD / Oct 19	1.37
Euro to USD / Oct 19	1.16
UK LIBOR % / Oct 19	0.07

Stock	Volume
S&P 500 / Oct 19	4486.46
India Sensex / Oct 19	61765.59
Tokyo Nikkei / Oct 19	29025.46
Nasdaq / Oct 19	15021.81
Hang Seng / Oct 19	25409.75
FTSE 100 / Oct 19	7203.33
Dow Jones / Oct 19	35258.61
Germany DAX 30 / Oct 19	15474.47
France CAC40 / Oct 19	6673.10

Item	Value
Crude Oil / Oct 19	82.48
Karachi Cotton Assoc. / Oct 19	14480.00
Gold 10 Grams / Oct 19	97100.00
Gold Spot / Oct 19	1763.88
Cotton / Oct 19	107.04

OPEC

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