Trends - Organization of the Petroleum Exporting Countries

Organization of the Petroleum Exporting Countries

No plan for Putin contact with Saudi crown prince before OPEC+ meet: Kremlin

MOSCOW: The Kremlin said on Tuesday that there were no plans for contacts between President Vladimir Putin and Saudi...

Published 28 Nov, 2023 02:45pm

Markets

Oil steadies near three-month high on tighter supplies

LONDON: Oil hovered around three-month highs on Tuesday as investors focused on tightening global supplies and...

Updated 01 Aug, 2023 06:32pm

Markets

Oil falls amid China growth uncertainties

LONDON: Oil prices eased on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh...

Updated 19 Jun, 2023 06:52pm

Markets

Asian currencies stumble on higher crude prices

Most Asian currencies fell on Monday, with the South Korean won suffering the biggest drop after the Organization of...

Published 03 Apr, 2023 12:43pm

Markets

Saudi Arabia may lower crude prices to Asia for 4th straight month

SINGAPORE: Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a...

Published 30 Jan, 2023 11:15am

Markets

Oil slips as rate hikes loom and Russian flows stay strong

LONDON: Oil slipped on Monday as looming increases to interest rates by major central banks and signs of strong...

Updated 30 Jan, 2023 07:34pm

Markets

OPEC+ panel unlikely to tweak oil policy at Feb. 1 meeting, sources say

LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next week,...

Published 24 Jan, 2023 05:45pm

Markets

Oil near 2023 highs on Chinese demand recovery expectations

LONDON: Oil prices held near this year’s highs on Monday as easing COVID restrictions in China raised expectations...

Updated 16 Jan, 2023 04:50pm

Markets

Saudi Aramco to maintain steady supplies to 2 North Asian buyers in January

SINGAPORE: Saudi Aramco has told at least two customers in North Asia they will receive full contract volumes of...

Published 12 Dec, 2022 10:29am

Markets

Saudi Aramco to ship full oil contract volumes to Asia in Dec

SINGAPORE: Saudi Aramco has told at least four refinery customers in North Asia they will receive full contract...

Published 10 Nov, 2022 09:48am

Markets

Saudi bourse extends gains as OPEC+ mulls output cuts

Saudi Arabia stocks advanced on Wednesday for a seventh straight session, buoyed by prospects of OPEC+ producers...

Published 05 Oct, 2022 02:27pm

Markets

OPEC+ meets with little prospect of pumping more oil

LONDON: OPEC and OPEC+ began two days of meetings on Wednesday with sources saying a big policy change was unlikely...

Published 29 Jun, 2022 08:51pm

Markets

OPEC+ crude oil output boost undershoots targets in May

LONDON: OPEC+ produced 2.695 million barrels per day below its crude oil targets in May because of production...

Published 16 Jun, 2022 05:26pm

Markets

OPEC’s May oil-output boost hits target on Nigeria rebound-survey

LONDON: The increase in OPEC oil output in May exceeded the rise planned under a deal with allies for the first time...

Published 31 May, 2022 08:34pm

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

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

Oil hits fresh seven-year highs, closing out seven weeks of gains

NEW YORK: Oil prices surged to fresh seven-year highs on Friday, headed for a seventh straight weekly increase, ...

Updated 04 Feb, 2022 09:26pm

Markets

Oil prices take a breather as OPEC+ sticks to output plans

SINGAPORE: Oil prices eased on Thursday following weak US payrolls data and some profit taking, but remained...

Published 03 Feb, 2022 10:22am

Markets

Top oil producers to meet amid record crude prices

LONDON: The world's top oil-producing countries will meet on Wednesday to discuss a further increase in output, ...

Published 31 Jan, 2022 10:26am

Markets

OPEC's share of Indian oil imports falls to lowest in at least 15 years

NEW DELHI: OPEC's share of Indian oil imports fell in 2021 to the lowest in more than a decade despite a 4% rebound...

Published 20 Jan, 2022 04:35pm

Markets

OPEC meets today to discuss new top official

LONDON: OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, ...

Published 03 Jan, 2022 06:42am

Markets

‘OPEC will continue with supply adjustments for oil market’

MILAN: The Organization of the Petroleum Exporting Countries (OPEC) will continue with its supply adjustments for ...

Published 05 Dec, 2021 04:26am

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

Physical oil market gains suggest more support for futures rally

LONDON/SINGAPORE/NEW YORK: Crude oil values in many parts of the world are rising on stronger demand and tighter...

Published 23 Jun, 2021 04:26am

Markets

OPEC+ expected to stay cautious in face of market jitters

In addition, Saudi Arabia has volunteered to cut its own output by one million barrels per day (bpd) to help avoid oversupplying a market suffering from a collapse in demand due to the coronavirus pandemic.

Updated 01 Apr, 2021 04:20pm

Markets

Oil slumps as Suez Canal container ship starts to move

That market volatility is set to continue, said Jeffrey Halley, senior market analyst at OANDA.

Published 29 Mar, 2021 11:20am

Business & Finance

UAE's ADNOC deepens supply cuts to Asia in June in 'fragile' market

The supply reduction will apply to the four grades of crude that ADNOC sells to Asia, namely Murban, Das, Umm Lulu and Upper Zakum, they said.
"Allocated volumes of Murban are in line with the figures reported in the ADNOC Onshore 'Murban Export Availability Forecast Report'," he added.

Published 25 Mar, 2021 05:50pm

Markets

OPEC sees most of 2021 oil demand recovery in H2 as COVID-19 impact lingers

"Total oil demand is foreseen to reach 96.3 million bpd with most consumption appearing in the second half," OPEC said in the report.
"This year's demand growth will not be able to compensate for the major shortfall from 2020 as mobility is forecast to remain impaired throughout 2021."

Published 11 Mar, 2021 07:21pm

Markets

Oil guzzler India says OPEC+ decision to hit economic recovery

As one of the largest crude-consuming countries, India is concerned that such actions by producing countries have the potential to undermine consumption-led recovery and more so hurt consumers, especially in our price-sensitive market.
"The decision by OPEC+ has saddened us. It is not good news for India, China, Japan, Korea and other consuming nations," Pradhan said.

Published 05 Mar, 2021 08:32pm

Markets

Oil surges $2 after OPEC+ extends output cuts

Saudi Arabia surprises with continued voluntary cuts.
OPEC+ producers keep curbs, agree only small output boost.
Decision could affect oil inventories into 2022.
Brent and WTI on track for weekly gains.

Published 05 Mar, 2021 08:28pm

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	5.91 ▲ 0.63 (11.93%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.90 ▲ 0.87 (10.83%)
SME Leasing Ltd / Dec 4 SME Leasing Limited(SLL)	2.09 ▲ 0.19 (10.00%)
HBL Invest Fund / Dec 4 HBL Investment Fund(HIFA)	3.42 ▲ 0.30 (9.62%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Dewan Sugar / Dec 4 Dewan Sugar Mills Limited(DWSM)	4.07 ▲ 0.34 (9.12%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.98 ▲ 0.58 (9.06%)
Hussain Industries / Dec 4 Husein Industries Limited(HUSI)	16.13 ▲ 1.13 (7.53%)
Shadman Cotton / Dec 4 Shadman Cotton Mills Limited(SHCM)	15.59 ▲ 1.09 (7.52%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.01 ▼ -0.84 (-14.36%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.57 ▼ -0.93 (-9.79%)
B. F. Mod. / Dec 4 B.F. Modaraba(BFMOD)	5 ▼ -0.50 (-9.09%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Chakwal Spinning / Dec 4 Chakwal Spinning Mills Limited(CWSM)	2.02 ▼ -0.15 (-6.91%)
Asim Textile / Dec 4 Asim Textile Mills Limited(ASTM)	12.80 ▼ -0.93 (-6.77%)
D.S. Ind. Ltd. / Dec 4 D.S. Industries Limited(DSIL)	2.81 ▼ -0.20 (-6.64%)
Ask.Gen.Insur. / Dec 4 Askari General Insurance Company Limited(AGIC)	17.21 ▼ -1.17 (-6.37%)
Pak Paper Prod / Dec 4 Pakistan Paper Products Limited(PPP)	54 ▼ -2.95 (-5.18%)
F.Credit & Inv / Dec 4 First Credit and Investment Bank Limited(FCIBL)	5.80 ▼ -0.29 (-4.76%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.04
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.02
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.27
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.00
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	22,458,506 ▲ 0.02
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.08
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	15,148,102 ▲ 5.94
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.40
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	13,683,490 ▲ 0.47
Air Link Com. / Dec 4 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 1.95

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