Trends - OPEC - Business Recorder

OPEC

Oil prices set for steepest weekly drop in 3 months

LONDON: Oil prices edged higher on Friday yet remained on course for their steepest weekly loss in three months...

Updated 03 May, 2024 05:37pm

Markets

Asia’s crude oil imports slip in April, trail OPEC forecasts: Russell

LAUNCESTON: Asia’s imports of crude oil slipped slightly in April from March, as increased arrivals in China failed...

Published 02 May, 2024 11:04am

Markets

OPEC oil output falls in April, led by Iran and Iraq, survey finds

LONDON: OPEC oil output has fallen in April, a Reuters survey found on Tuesday, reflecting lower exports from Iran,...

Published 01 May, 2024 04:14am

Markets

Oil slips after Iran plays down reported Israeli attack

Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli...

Updated 19 Apr, 2024 08:40pm

Markets

Oil sheds more than $1/barrel after Iran attack

NEW YORK: Oil prices sank by about $1 a barrel on Monday after Iran’s weekend attack on Israel proved to be less...

Updated 15 Apr, 2024 08:50pm

Markets

Oil falls on US refinery outage, persistent inflation

Oil prices fell by $1 on Thursday following a major U.S. refinery outage and as sticky inflation dampened hopes for...

Updated 12 Apr, 2024 08:49am

Markets

Oil prices climb on supply risk

HOUSTON: The Brent and US West Texas Intermediate crude oil benchmarks rose more than $1 a barrel during trade on...

Published 07 Apr, 2024 03:01am

BR Research

Oil prices: Bears out!

It is not quite the panic of 2022, yet, but the international oil market has continued to heat up. Now nearing a...

Published 05 Apr, 2024 09:41am

World

Kuwait, under new emir, votes yet again

KUWAIT CITY: Vote-weary Kuwait heads to the polls for the third time in three years on Thursday, just months into ...

Published 05 Apr, 2024 04:50am

Markets

Oil steady, bolstered by lower supply concerns

LONDON: Oil prices were steady on Thursday, shored up by concerns about lower supply as major producers keep output...

Updated 04 Apr, 2024 09:09pm

Business & Finance

OPEC+ keeps output policy steady

LONDON/MOSCOW/DUBAI: A meeting of senior OPEC+ ministers kept oil output policy unchanged and pressed some countries...

Published 04 Apr, 2024 04:56am

Markets

OPEC+ ministers keep oil output policy steady, sources say

LONDON/MOSCOW/DUBAI: A meeting of the top ministers of OPEC+ has kept oil output policy unchanged, three OPEC+...

Published 03 Apr, 2024 05:42pm

Markets

Oil rises as investors bet on tighter supply, China’s economy

LONDON: Oil prices added to recent gains on Monday amid expectations of tighter supply from OPEC+ cuts and attacks...

Updated 01 Apr, 2024 03:00pm

Markets

OPEC, IEA at most divided on oil demand since at least 2008

LONDON: Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of...

Published 28 Mar, 2024 06:30am

BR Research

Oil prices favouring upside

Having stayed rather calm for four months, international crude oil prices have once again started to look set for...

Published 15 Mar, 2024 09:00am

Business & Finance

IEA raises oil demand outlook again but still lags OPEC

LONDON: The International Energy Agency on Thursday raised its view on 2024 oil demand growth for a fourth time ...

Published 15 Mar, 2024 04:14am

Markets

OPEC says IEA commentary on oil security encouraging

DUBAI: Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy...

Published 13 Mar, 2024 03:52pm

Markets

Oil rises on Russian refinery attacks, signs of strong demand

LONDON: Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian...

Updated 13 Mar, 2024 05:32pm

Business & Finance

OPEC sticks to oil demand view, nudges up economic growth

LONDON: OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, ...

Published 13 Mar, 2024 06:32am

Markets

Oil prices rise slightly as OPEC retains demand forecasts

NEW YORK: Oil prices rose slightly on Tuesday as the market weighed bearish U.S. economic data against OPEC’s demand...

Updated 12 Mar, 2024 09:56pm

Markets

Oil prices slips amid concerns over Middle East, China demand

LONDON: Global benchmark Brent slipped on Monday, dipping below $82 a barrel, as persistent geopolitical concerns in...

Updated 11 Mar, 2024 06:03pm

BR Research

Oil price: Of Opec, Fed and China

Opec+ did what it was expected to do. The world’s largest oil cartel with nearly 60 percent of the world’s crude oil...

Published 07 Mar, 2024 07:44am

Markets

Most Gulf markets in red ahead of key Fed Powell testimony

Major stock markets in the Gulf fell in early trade on Wednesday ahead of congressional testimony from Federal...

Published 06 Mar, 2024 01:16pm

Markets

Most Gulf markets rise in early trade

Most stock markets in the Gulf were up in early trade on Monday amid rising oil prices after OPEC+ members agreed to...

Published 04 Mar, 2024 01:05pm

Markets

Oil inches lower amid profit taking on OPEC+ cut extension

LONDON: Oil prices drifted lower on Monday as traders indulged in some profit taking a day after the widely expected...

Updated 04 Mar, 2024 05:46pm

OPEC+ members extend oil output cuts to second quarter

DUBAI: OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts into the...

Updated 04 Mar, 2024 09:39am

Markets

Oil slides 1% as weaker IEA demand outlook offsets rate cut hopes

LONDON: Oil fell by about 1% on Friday as slowing demand forecast by the International Energy Agency (IEA) offset...

Updated 16 Feb, 2024 07:13pm

BR Research

Oil price: Firm for now

After a relative calm of six days, things have started to heat up again in and around the Red Sea – offering bullish...

Published 15 Feb, 2024 08:43am

Markets

Oil holds firm on OPEC demand forecast and U.S. fuel stocks

LONDON: Oil prices edged higher on Wednesday, holding on to Tuesday’s gains on a robust demand growth forecast from...

Updated 14 Feb, 2024 08:54pm

Markets

OPEC sticks to oil demand view, sees better economic growth

LONDON: OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and...

Published 13 Feb, 2024 06:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.51
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 8	5187.67
India Sensex / May 8	73466.39
Tokyo Nikkei / May 8	38202.37
Nasdaq / May 8	16302.76
Hang Seng / May 8	18313.86
FTSE 100 / May 8	8354.05
Dow Jones / May 8	39056.39
Germany DAX 30 / May 8	18498.38

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Crude Oil USD/Barrel / May 8	78.99
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2308.85
Cotton US¢/pound / May 8	80.06
Petrol/Litre / May 9	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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