Trends - OPEC - Business Recorder

OPEC

Middle East's share of India's oil imports hits 25-month low

Mideast share falls to 52.7% in May from 67.9% in April
Saudi volumes drop 25% in May YoY; UAE down 39%
Latam, U.S., Med crude partly replaced Mideast supplies

Published 24 Jun, 2021 10:58am

Markets

Middle East’s share of India’s oil imports hits 25-month low

NEW DELHI: The share of Middle Eastern crude in India’s oil imports fell to a 25-month low in May, tanker data...

Published 24 Jun, 2021 03:36am

Markets

Asia's VLSFO market flat on second day of muted trade

SINGAPORE: Asia's 0.5% very low-sulphur fuel oil (VLSFO) market was largely steady after a second straight day of...

Published 23 Jun, 2021 04:26am

Markets

Oil edges up as Iran nuclear talks drag on

ANZ said the election could delay the nuclear deal.

Published 21 Jun, 2021 10:03am

Markets

Oil prices up

NEW YORK: Oil prices rose on Friday, reversing early losses after OPEC sources said the producer group expected...

Published 19 Jun, 2021 03:23am

Markets

Oil gains on OPEC outlook that U.S. output growth will slow

"Oil markets are rallying because OPEC is sceptical that the increase in U.S. oil production is going to be enough to change their plans to support prices," said Phil Flynn, senior analyst at Price Futures Group in Chicago.

Published 19 Jun, 2021 12:03am

Markets

OPEC told to expect limited US oil output growth, for now

Shale outlook discussed at Tuesday OPEC technical meeting.
US output growth seen at about 200,000 bpd in 2021.
Capital discipline remains focus for shale companies, OPEC told.
OPEC meets to decide output policy on July 1.

Published 18 Jun, 2021 06:17pm

Markets

Asia's gasoline crack rises to 2-week high

SINGAPORE: Asia's gasoline crack on Monday strengthened to its highest since May 28, supported by improving demand...

Published 15 Jun, 2021 03:30am

Markets

Despite uncertainties, OPEC sticks to forecast of oil demand surge in second half

Keeps 2021 oil demand growth forecast at 5.95 mln bpd.
But OECD demand not expected to fully recover from 2020 collapse.
OPEC May output rises by 390,000 bpd as Saudi, Iran pump more.
Says OPEC+ has substantially led the way towards rebalancing.

Published 10 Jun, 2021 06:28pm

Markets

Oil prices rebound after knock from US driving season data

US crude stocks down, fuel inventories rise – EIA.
Libya to ramp up output after fixing pipeline leak – source.
India's May fuel demand hits 9-month low.
Upcoming: US jobless claims, inflation data, OPEC monthly report.

Published 10 Jun, 2021 06:25pm

Markets

Oil prices dip on profit-taking

• US crude touches $70/bbl for first time since October 2018 • Brent hits $72.27, highest since May 2019 •...

Published 08 Jun, 2021 04:09am

Markets

Oil hits two-year high above $72 on OPEC+ discipline, demand hopes

Brent hits $72.17, highest since May 2019.
Slow inoculation and surging infections renew demand concerns US job growth picks up in May.

Published 04 Jun, 2021 08:44pm

Markets

Oil steady after mixed U.S. inventory report

OPEC+ agreed on Tuesday to continue with plans to ease supply curbs through July, giving oil prices a boost, in anticipation of improved consumption.

Published 04 Jun, 2021 12:50am

Markets

Oil steady after sharp rise on improved demand picture

Brent steady after settling at highest since January 2020.
WTI hit highest since October 2018 on Wednesday.
New round of Iran nuclear deal talks next week.

Published 03 Jun, 2021 07:44pm

Markets

European shares hold near record highs

AMSTERDAM/LONDON: European stocks stayed near record levels on Wednesday, helped by energy and consumer stocks, ...

Published 03 Jun, 2021 04:13am

Markets

Asia Fuel Oil: VLSFO crack slips as crude climbs

SINGAPORE: Asia’s 0.5% very low-sulphur fuel oil (VLSFO) crack against Dubai crude fell to $12.28 a barrel on...

Published 03 Jun, 2021 04:13am

Markets

Oil hits over 1-year high on OPEC+ supply discipline, demand prospects

NEW YORK: Oil prices surged on Wednesday, hitting the highest in more than a year on lift from a decision by OPEC ...

Published 03 Jun, 2021 04:13am

Markets

Oil builds on gains as recovery picks up but equities mixed

On Tuesday, OPEC+ agreed to continue lifting output in July, having started slowly doing so in early May.

Published 02 Jun, 2021 05:40pm

Markets

Oil settles up after hitting 15-month highs on demand prospects

• OPEC, allies agree to continue planned crude output increases NEW YORK: Oil prices settled higher on Tuesday,...

Published 02 Jun, 2021 04:29am

Markets

Oil rises to highest since March on demand prospects

OPEC+ decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July, anticipating rising global demand despite the high number of coronavirus cases in India, the world's third-largest oil consumer.

Published 01 Jun, 2021 11:15pm

Markets

Crude, equities advance on signs of recovery

London stocks, resuming trade after a long holiday weekend in the UK, were also higher, with shares in heavyweight oil and mining groups in demand on rising commodity prices.

Published 01 Jun, 2021 09:24pm

BR Research

Oil rebalancing

After stabilizing, oil seems to be entering a stronger phase or maybe its learning to live with the pandemic; not...

Published 01 Jun, 2021 07:35am

Markets

Oil up, near $70 a barrel as demand outlook improves

• OPEC+ to meet on Tuesday • Producers likely to stick to gradual easing of supply cuts CALGARY, (Alberta): ...

Published 01 Jun, 2021 04:59am

Markets

Iran oil minister calls for tripling output as a 'priority'

TEHRAN: Iran should almost triple its crude output as a "priority" to boost its political clout, its oil minister...

Published 01 Jun, 2021 04:59am

Markets

OPEC oil output rise in May limited by Nigeria, Iran losses: survey

OPEC May output rises 280,000 bpd from April.
Compliance with OPEC+ cut pledges slips to 122%.
Saudi posts OPEC's biggest output gain.

Published 31 May, 2021 06:29pm

Markets

OPEC+ JTC keeps 2021 oil demand growth forecast unchanged

The JTC was meeting on Monday to assess market fundamentals ahead of a ministerial gathering on Tuesday of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group know as OPEC+.

Published 31 May, 2021 06:27pm

Markets

Global oil deficit seen at 1mn bpd, Russia's Novak says

He added that the Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+.

Published 26 May, 2021 02:19pm

Markets

Nigeria’s oil exports drop

LONDON: Oil exports from Nigeria, Africa’s top producer and an OPEC member, have dropped by 130,000 barrels per ...

Published 23 May, 2021 03:06am

Markets

Oil falls 2pc on possible return of Iranian supply

• India’s top refiner to buy Iranian oil if sanctions lifted • OPEC says IEA net-zero pathway could add to...

Published 21 May, 2021 05:04am

Markets

Russian oil giant Rosneft back in black as prices recover

MOSCOW: Russian oil giant Rosneft said Friday that its earnings were back in the black in the first quarter after ...

Published 17 May, 2021 06:14am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	155.98
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / May 1	5018.39
India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
Nasdaq / May 1	15605.48
Hang Seng / May 1	17763.03
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
Gold Spot USD/Ounce / May 1	2324.96
Cotton US¢/pound / May 1	76.51
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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