Trends - OPEC - Business Recorder

OPEC

Russia jumps to fourth position as oil supplier to India, tanker data shows

NEW DELHI: Russia became the fourth-largest oil supplier to India in April, with volumes set to rise further in...

Updated 18 May, 2022 12:30am

Markets

Oil prices rise on China demand optimism, gasoline strength

NEW YORK: Oil prices rose on Monday on optimism that China would see significant demand recovery after positive...

Updated 16 May, 2022 10:36pm

World

World leaders pay respects in UAE after death of pro-West president

DUBAI: World leaders descended on the United Arab Emirates on Sunday to offer condolences to new leader Sheikh...

Published 16 May, 2022 05:42am

Markets

OPEC authorises Iraq to increase output to 4.5mn bpd from June

Iraq's representative at OPEC said the organisation had agreed to the country increasing its output to 4.5 million...

Published 14 May, 2022 07:35pm

Business & Finance

Dollar to 20-yr high

NEW YORK: The dollar climbed to a 20-year high on Thursday as concerns persisted that central bank actions to ...

Published 13 May, 2022 05:59am

Markets

OPEC cuts 2022 world oil demand forecast again on Ukraine war

LONDON: OPEC on Thursday cut its forecast for growth in world oil demand in 2022 for a second straight month, citing...

Published 12 May, 2022 05:52pm

OPEC oil output in April barely rises as African outages weigh: survey

LONDON: The increase in OPEC’s oil output in April undershot the rise planned under a deal with allies, a Reuters...

Updated 03 May, 2022 09:15am

Markets

Asia Fuel Oil: HSFO cash differentials gain further on firmer demand

SINGAPORE: Asia’s cash premiums for 180-cst high-sulphur fuel oil (HSFO) rose further on Tuesday, hitting their...

Published 13 Apr, 2022 06:03am

Markets

OPEC cuts 2022 world oil demand forecast due to Ukraine war

LONDON: OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s...

Published 12 Apr, 2022 09:17pm

Markets

EU meets OPEC amid calls for oil output increase

BRUSSELS: European Union officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the...

Published 11 Apr, 2022 03:14pm

Markets

Iraq oil exports $11.07bn in March, highest for 50 years

BAGHDAD: Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices ...

Published 03 Apr, 2022 05:34am

Markets

Oil slumps 5pc as US plans record crude reserve release

HOUSTON: Oil prices tumbled about 5% on Thursday with the United States set to announce the largest ever release ...

Published 01 Apr, 2022 05:41am

Markets

OPEC+ seen sticking to policy, ditches IEA data

OPEC and allies including Russia are expected to stick with plans for a modest May oil output increase on Thursday,...

Published 31 Mar, 2022 02:51pm

UAE, Saudi say OPEC+ should not play politics

DUBAI: The energy ministers of Saudia Arabia and the United Arab Emirates, key members of OPEC+, said on Tuesday the...

Published 30 Mar, 2022 06:08am

Markets

Oil drops $3 on positive signals from Russia-Ukraine peace talks

HOUSTON: Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between...

Updated 29 Mar, 2022 09:12pm

BR Research

Oil price: All eyes on Opec+ again

The volatility in international crude oil market continues unabated. Every week is an event, sending markets into...

Published 29 Mar, 2022 08:10am

Markets

OPEC+ set for only slight output target increase despite Ukraine

LONDON: OPEC+ will likely stick to plans for a modest increase in oil output in May, several sources close to the...

Published 29 Mar, 2022 05:49am

Markets

UAE keen to cooperate with Russia on energy security: minister

DUBAI: The United Arab Emirates is keen to cooperate with Russia on improving global energy security, UAE Foreign...

Published 18 Mar, 2022 05:20am

OPEC flags risk to oil demand outlook

LONDON: OPEC said on Tuesday that oil demand in 2022 faced challenges from Russia’s invasion of Ukraine and rising...

Updated 16 Mar, 2022 09:45am

Markets

Gulf bourses end mixed, Saudi Aramco sees worst day in nearly 2 years

DUBAI: Major Gulf bourses closed mixed on Thursday, while global shares fell as analysts warned of further pain for...

Published 11 Mar, 2022 05:12am

Markets

Oil bounces as tight supply gives high floor to prices

LONDON: Oil prices bounced on Thursday from a sharp drop in the previous session after the United Arab Emirates...

Updated 10 Mar, 2022 06:41pm

Markets

Oil plunges as much as 17pc as UAE says support output hike

NEW YORK: Oil prices plunged over 17% on Wednesday after the United Arab Emirates said the OPEC member would support...

Published 10 Mar, 2022 06:30am

Markets

Washington pins easing of Venezuela sanctions on direct oil supply to US

HOUSTON /WASHINGTON: US officials have demanded Venezuela supply at least a portion of oil exports to the United...

Published 10 Mar, 2022 06:30am

World

World heading for 1973-type energy shock: French minister

PARIS: The spike in energy prices caused by Russia’s war in Ukraine will produce effects comparable to the 1973 oil...

Published 09 Mar, 2022 03:11pm

Markets

Higher oil prices boost Gulf markets, Aramco hits record high

DUBAI: Middle East stock markets rose on Thursday boosted by energy and commodity linked assets as oil prices neared...

Published 04 Mar, 2022 04:37am

Markets

European equities fall, as oil flirts with $120

LONDON: European stocks slid and oil flirted with $120 per barrel Thursday as conflict raged in Ukraine. The euro...

Published 03 Mar, 2022 05:53pm

Markets

Saudi oil giant Aramco shares hit record high

RIYADH: Saudi energy giant Aramco's shares rose to a record high on Wednesday amid a surge in global oil prices...

Published 02 Mar, 2022 03:52pm

Markets

OPEC+ seen sticking to modest output rises despite oil rally

LONDON: OPEC+ will likely stick to modest oil output rises when it meets on Wednesday, officials said, as OPEC...

Published 02 Mar, 2022 03:39pm

Markets

Oil soars past $102 as sanctions and pressures on Russia mount

Brent crude rose $4.16, or 4.3%, to $102.09

Updated 28 Feb, 2022 03:27pm

Markets

OPEC+ trims forecast for 2022 oil market surplus in latest data

LONDON: OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to ...

Published 27 Feb, 2022 06:11pm

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 20 B.F. Modaraba(BFMOD)	6.00 ▲ 1.00 (20.00%)
Pak Gulf Leasing / May 20 Pak-Gulf Leasing Company Limited(PGLC)	6.00 ▲ 1.00 (20.00%)
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	1.24 ▲ 0.16 (14.81%)
Paramount Mod / May 20 First Paramount Modaraba(FPRM)	8.00 ▲ 1.00 (14.29%)
Service Textile / May 20 Service Industries Textiles Limited(SERT)	10.90 ▲ 0.90 (9.00%)
Ruby Tex. / May 20 Ruby Textile Mills Limited(RUBY)	4.00 ▲ 0.30 (8.11%)
Aisha Steel Mill / May 20 Aisha Steel Mills Limited(ASL)	11.85 ▲ 0.86 (7.83%)
First Imrooz Mod. / May 20 First Imrooz Modaraba(FIMM)	134.38 ▲ 9.37 (7.50%)
Janana D Mal / May 20 Janana De Malucho Textile Mills Limited(JDMT)	55.04 ▲ 3.84 (7.50%)
Sapphire Textile / May 20 Sapphire Textile Mills Limited(SAPT)	1004.55 ▲ 70.05 (7.50%)

Stock	Price
East West Ins. / May 20 East West Insurance Company Limited(EWIC)	77.07 ▲ -12.49 (-13.95%)
Pak. P.V.C. / May 20 Pakistan PVC Limited(PPVC)	4.32 ▲ -0.42 (-8.86%)
Trust Mod. / May 20 Trust Modaraba(TRSM)	1.66 ▲ -0.14 (-7.78%)
Crescent Cotton / May 20 Crescent Cotton Mills Limited(CCM)	46.25 ▲ -3.75 (-7.50%)
Gatron Ind. / May 20 Gatron (Industries) Limited(GATI)	415.10 ▲ -33.65 (-7.50%)
AL-Noor Sugar / May 20 Al-Noor Sugar Mills Limited(ALNRS)	61.86 ▲ -5.01 (-7.49%)
Frontier Ceram / May 20 Frontier Ceramics Limited(FRCL)	29.60 ▲ -2.39 (-7.47%)
S.G.Power / May 20 S.G. Power Limited(SGPL)	4.45 ▲ -0.35 (-7.29%)
Imperial Limited / May 20 Imperial Limited(IML)	13.95 ▲ -1.06 (-7.06%)
Pace (Pak) Ltd. / May 20 Pace (Pakistan) Limited(PACE)	2.99 ▲ -0.22 (-6.85%)

Stock	Volume
Ghani Glo Hol / May 20 Ghani Global Holdings Limited(GGL)	15,051,376 ▼ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,323,000 ▼ 0.00
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	13,067,500 ▼ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	9,576,000 ▼ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	7,490,536 ▼ 0.00
Fauji Cement / May 20 Fauji Cement Company Limited(FCCL)	6,985,000 ▼ 0.00
Unity Foods Ltd / May 20 Unity Foods Limited(UNITY)	6,435,098 ▼ 0.00
Engro Polymer / May 20 Engro Polymer & Chemicals Limited(EPCL)	5,808,622 ▼ 0.00
Pak Int.Bulk / May 20 Pakistan International Bulk Terminal(PIBTL)	5,229,500 ▼ 0.00
Pak Elektron / May 20 Pak Elektron Limited(PAEL)	5,056,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 19	199.00
USD PKR Interbank Buying / May 19	198.80
USD to Japanese Yen / May 19	128.45
USD to Swiss Franc / May 19	0.99
Pound Sterling to USD / May 19	1.23
Euro to USD / May 19	1.05
UK LIBOR % / May 19	0.82

Stock	Volume
S&P 500 / May 19	3923.68
India Sensex / May 19	54208.53
Tokyo Nikkei / May 19	26205.29
Nasdaq / May 19	11418.16
Hang Seng / May 19	20041.14
FTSE 100 / May 19	7438.09
Dow Jones / May 19	31490.07
Germany DAX 30 / May 19	14007.76
France CAC40 / May 19	6352.94

Item	Value
Crude Oil / May 19	110.10
Karachi Cotton Assoc. / May 19	21180.00
Gold 10 Grams / May 19	113300.00
Gold Spot / May 19	1815.89
Cotton / May 19	128.99

OPEC

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