Trends - OPEC - Business Recorder

OPEC

Oil to open higher as US strikes on Iran boost supply risk premium

LONDON: Oil is likely to rise by $3-5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran...

Published 22 Jun, 2025 06:06pm

Business & Finance

Iran adapts to maintain oil exports during conflict: trackers

LONDON: Iran is maintaining crude oil supply by loading tankers one at a time and moving floating oil storage much...

Published 20 Jun, 2025 06:20am

Markets

Oil slips as Israel-Iran strikes spare key energy infrastructure

LONDON: Oil prices edged down onMonday, paring back Friday’s 7% surge, as renewed military strikes by Israel and...

Updated 16 Jun, 2025 05:22pm

Markets

Oil rises to 7-week high on US-China trade deal

LONDON: Oil prices rose to their highest in seven weeks on Wednesday as U.S. President Donald Trump said a deal had...

Updated 11 Jun, 2025 07:26pm

Markets

Oil up 1% at 7-week high on hopes of positive US-China trade talks

NEW YORK: Oil prices edged up 1% to a seven-week high on Tuesday on hopes trade talks between the U.S. and China -...

Updated 10 Jun, 2025 10:05pm

Markets

Oil prices headed for rebound this week as US-China trade talks resume

LONDON: Oil prices steadied on Friday and were on track for their first weekly gain in three weeks after U.S....

Updated 06 Jun, 2025 06:21pm

Markets

Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost

Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in...

Published 04 Jun, 2025 08:51pm

Markets

Oil eases after US data shows large builds in fuel stocks

HOUSTON: Oil prices edged lower on Wednesday after U.S. data showed larger-than-expected inventories of gasoline and...

Updated 04 Jun, 2025 08:48pm

Markets

Oil prices climb on geopolitical tension concerns

NEW YORK: Oil prices climbed about 2% on Tuesday to a two-week high, as persistent geopolitical tensions between...

Published 04 Jun, 2025 03:03am

Markets

Goldman Sachs sees OPEC+ raising oil output by 0.41 mb/d in August

Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day...

Published 02 Jun, 2025 11:21am

Markets

OPEC+ agrees further accelerated oil output hike for July

LONDON/MOSCOW: OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May...

Updated 31 May, 2025 06:42pm

Markets

OPEC+ may discuss oil output hike larger than 411,000 bpd for July

LONDON/MOSCOW: OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the...

Published 30 May, 2025 05:32pm

Markets

Oil prices fall on possible larger OPEC+ output hike for July

HOUSTON: Oil prices fell on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially...

Updated 30 May, 2025 09:39pm

Markets

OPEC+ may discuss 2027 baselines and agree July hike this week, sources say

OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from...

Published 28 May, 2025 06:08pm

Markets

OPEC+ set to agree July oil output hike this week, sources say

LONDON/DUBAI: OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates...

Published 27 May, 2025 06:35pm

Markets

Oil steadies after Trump extends EU trade talks deadline

LONDON: Oil prices traded around flat on Monday after U.S. President Donald Trump extended a deadline for trade...

Updated 26 May, 2025 06:51pm

Markets

Saudi poised to increase summer crude burn for power as fuel oil becomes costly

SINGAPORE: Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up...

Published 20 May, 2025 11:24am

BR Research

Oil: Tariff retreat propels price

Having dipped to multiyear high, international crude oil price is seemingly on its way to regain the lost ground, as...

Published 15 May, 2025 05:42am

Markets

OPEC expects slower 2025 oil supply growth from rivals after price drop

LONDON: OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers...

Published 14 May, 2025 05:38pm

Markets

Oil climbs 2% as price drop triggers buying; oversupply worries weigh

LONDON: Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a...

Updated 06 May, 2025 05:33pm

World

Saudi Arabia reports deficit of $15.65 billion in Q1 2025, finance ministry says

Saudi Arabia reported a fiscal deficit of 58.701 billion riyals ($15.65 billion) in the first quarter of 2025, as...

Published 05 May, 2025 06:10pm

Business & Finance

Qantas soars as drop in oil prices signals lower jet fuel costs

Shares of Australia’s Qantas Airways rose more than 5% on Monday to an over one-month high after oil prices dropped...

Published 05 May, 2025 07:41am

Markets

Oil prices drop as OPEC+ accelerates output hikes, surplus looms

LONDON: Oil prices fell more than 1% on Monday after OPEC+ decided over the weekend to further speed up oil output...

Updated 05 May, 2025 05:13pm

Markets

OPEC+ to further speed up oil output hikes, four sources say

LONDON: OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of...

Published 04 May, 2025 03:46pm

Markets

OPEC+ countries to open the oil taps despite price slump

VIENNA: Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June...

Updated 03 May, 2025 07:02pm

Markets

Oil falls as traders weigh potential US-China trade talks

LONDON: Oil prices fell on Friday as traders squared positions ahead of an OPEC+ meeting and amid some caution about...

Updated 02 May, 2025 06:52pm

Markets

Oil prices stable amid economic uncertainty, OPEC+ supply fears

LONDON: Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and...

Updated 28 Apr, 2025 05:47pm

Markets

Oil set for weekly fall amid supply pressure, tariff uncertainty

LONDON: Oil prices fell on Friday and were set for a weekly decline of over 3% on the back of oversupply concerns...

Updated 25 Apr, 2025 06:49pm

Markets

Oil regains ground after 2% drop on potential OPEC+ output increase

LONDON: Oil prices recovered some losses on Thursday, with investors weighing a potential OPEC+ output increase...

Updated 24 Apr, 2025 05:03pm

Markets

OPEC+ to consider another accelerated oil output increase for June

LONDON: Several OPEC+ members will suggest accelerating oil output hikes in June for a second consecutive month,...

Published 23 Apr, 2025 08:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 20	283.77
USD PKR Interbank Buying / Jun 20	283.52
USD to Japanese Yen / Jun 20	146.09
USD to Swiss Franc / Jun 20	0.82
Pound Sterling to USD / Jun 20	1.35
Euro to USD / Jun 20	1.15
UK LIBOR % / Jun 20	4.96

Stock	Volume
S&P 500 / Jun 20	5,967.84
India Sensex / Jun 20	82,408.17
Tokyo Nikkei / Jun 20	38,403.23
Nasdaq / Jun 20	19,447.41
Hang Seng / Jun 20	23,530.48
FTSE 100 / Jun 20	8,774.65
Dow Jones / Jun 20	42,206.82
Germany DAX 30 / Jun 20	23,350.55
France CAC40 / Jun 20	7,589.66

Item	Value
Crude Oil USD/Barrel / Jun 20	74.93
Karachi Cotton PKR/37.32 KG / Jun 20	16,785
Gold 10 Grams PKR / Jun 20	306,069
Gold Spot USD/Ounce / Jun 20	3,368.39
Cotton US¢/pound / Jun 20	66.70
Petrol/Litre / Jun 22	258.43
Diesel/Litre / Jun 22	262.59

Gainers
Losers
Leaders

Stock	Price
The Thal Ind.Corp. / Jun 20 The Thal Industries Corporation Limited(TICL)	356 ▲ 40.99 (13.01%)
Faisal Sp. / Jun 20 Faisal Spinning Mills Limited(FASM)	313.91 ▲ 33.82 (12.07%)
First Elite Cap.Mod / Jun 20 First Elite Capital Modaraba(FECM)	33.53 ▲ 3.42 (11.36%)
Burj Clean Energy Modaraba / Jun 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.90 ▲ 1 (11.24%)
Crescent Fib. / Jun 20 Crescent Fibres Limited(CFL)	50.25 ▲ 5 (11.05%)
Hala Enterprise / Jun 20 Hala Enterprises Limited(HAEL)	25.43 ▲ 2.33 (10.09%)
Shams Textile / Jun 20 Shams Textile Mills Limited(STML)	31.52 ▲ 2.87 (10.02%)
Rupali polyester / Jun 20 Rupali Polyester Limited(RUPL)	24.61 ▲ 2.24 (10.01%)
Leather Up Ltd. / Jun 20 Leather Up Limited(LEUL)	39 ▲ 3.55 (10.01%)
Macter Int. Ltd / Jun 20 Macter International Limited(MACTER)	621.82 ▲ 56.53 (10%)

Stock	Price
Mahanna Islamic Index / Jun 20 Mahanna Islamic Index Traded Fund(MIIETF)	12.92 ▼ -2.14 (-14.21%)
Sindh Abadgar / Jun 20 Sindh Abadgar's Sugar Mills Limited(SASML)	61.07 ▼ -7.82 (-11.35%)
Nets Internat.Comm. / Jun 20 Nets International Communication Limited(GEMNETS)	41 ▼ -4.9 (-10.68%)
Shadman Cotton / Jun 20 Shadman Cotton Mills Limited(SHCM)	50.28 ▼ -5.59 (-10.01%)
PIA Holding Co.B / Jun 20 PIA Holding Company Limited B(PIAHCLB)	11,153.83 ▼ -1239.27 (-10%)
Pakgen Power / Jun 20 Pakgen Power Limited(PKGP)	173.06 ▼ -19.23 (-10%)
Sardar Chemical / Jun 20 Sardar Chemical Industries Limited(SARC)	56.21 ▼ -6.24 (-9.99%)
Int. Knit. / Jun 20 International Knitwear Limited(INKL)	20.18 ▼ -2.23 (-9.95%)
Ist.Capital Sec / Jun 20 First Capital Securities Corporation(FCSC)	2.49 ▼ -0.27 (-9.78%)
Calcorp Ltd / Jun 20 Calcorp Limited(CASH)	40.61 ▼ -4.39 (-9.76%)

Stock	Volume
WorldCall Telecom / Jun 20 Worldcall Telecom Limited(WTL)	42,791,268 ▼ -0.04
TRG Pak Ltd / Jun 20 TRG Pakistan Limited(TRG)	26,664,589 ▼ -4.92
Pervez Ahmed Consultancy / Jun 20 Pervez Ahmed Consultancy Services Ltd.(PASL)	25,526,681 ▼ -0.26
Yousuf Weaving / Jun 20 Yousaf Weaving Mills Limited(YOUW)	24,497,580 ▲ 0.29
K-Electric Ltd. / Jun 20 K-Electric Limited(KEL)	14,445,689 ▲ 0.08
Sui South Gas / Jun 20 Sui Southern Gas Company Limited(SSGC)	13,554,568 ▼ -0.06
Ist.Capital Sec / Jun 20 First Capital Securities Corporation(FCSC)	9,805,036 ▼ -0.27
Dewan Cement / Jun 20 Dewan Cement Limited(DCL)	9,257,161 ▼ -0.86
Invest Bank / Jun 20 Invest Capital Investment Bank Limited(ICIBL)	8,867,595 ▼ -0.26
Pak Refinery / Jun 20 Pakistan Refinery Limited(PRL)	8,518,206 ▲ 0.01

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