Topic

PDVSA

Oil prices jump 5pc as Iran warns to attack ME energy facilities

Published 19 Mar, 2026 06:08am

NEW YORK: Oil prices rose more than 5 percent on Wednesday after Iran’s Revolutionary Guards threatened to attack...

US allows oil majors to resume Venezuela operations

Published 14 Feb, 2026 02:23am

WASHINGTON: The US eased sanctions on Venezuela’s energy sector on Friday, issuing two general licenses that allow...

Trump says no more Venezuelan oil, money to go to Cuba

Published 12 Jan, 2026 04:59am

BENGALURU: US President Donald Trump on Sunday said no more Venezuelan oil or money will go to Cuba and suggested ...

Trump’s oil push widens with seizure of Russian-flagged tanker linked to Venezuela

Updated 08 Jan, 2026 12:17pm

Oil prices fall on anticipated supply increase

Venezuela’s interim govt says it remains united behind Maduro

Published 05 Jan, 2026 05:46am

NEW YORK: A top Venezuelan official declared on Sunday that the country’s government would stay unified behind...

Residual fuel fills Venezuela’s storage tanks as exports cut to minimum, sources say

Updated 01 Jan, 2026 11:16am

US blockade has reduced residual fuel exports

Venezuela resorts to floating storage as onshore storage tanks fill up

Published 24 Dec, 2025 08:28am

CARACAS: Venezuela’s state-run oil company PDVSA has started filling up tankers with crude and fuel oil it has in...

US seizes vessel off Venezuelan coast, officials say

Updated 21 Dec, 2025 11:31am

Noem confirmed the Coast Guard seized a tanker that was last docked in Venezuela

Venezuela says oil exports continue normally despite Trump ‘blockade’

Published 18 Dec, 2025 07:26am

CARACAS: Venezuela struck a defiant note Wednesday, insisting that crude oil exports were not impacted by US...

Over 30 sanctioned ships in Venezuela at risk after US tanker seizure

Published 11 Dec, 2025 10:44am

The seized supertanker, identified by a risk management group as the Skipper, is part of a "shadow fleet" of ships that carry sanctioned oil to their largest destinations

Citgo may face new upheaval under Venezuela’s political changes

Published 01 Jan, 2023 03:14am

Oil refiner Citgo Petroleum could face supervisory board shakeups leading to a review of its plans following...

Venezuela’s oil exports in Sept boosted by sales to China, swaps with Iran

Published 05 Oct, 2022 07:01am

HOUSTON: More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela’s oil...

US extends protection of Venezuelan oil unit Citgo

Published 21 Jan, 2022 09:29am

WASHINGTON: The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of...

Venezuela: the decline of an oil giant in crisis

Published 15 Jan, 2022 05:50am

Leaks, rusted pipes, pieces of broken equipment scattered about and staircases leading nowhere: Lake Maracaibo’s...

Venezuela to increase subsidized gasoline price

Published 24 Oct, 2021 05:14am

CARACAS: Venezuela hiked the price of its subsidized gasoline for vehicles and motor bikes, Venezuelan state oil ...

Under US sanctions, Iran and Venezuela strike oil export deal

Updated 25 Sep, 2021 05:01pm

CARACAS/HOUSTON/WASHINGTON: Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that...

Venezuelan government, opposition agree on some key points during Mexico talks

Published 07 Sep, 2021 10:04am

The talks come after a more-than two-year push to oust socialist President Nicolas Maduro

Biden reaffirms support for Venezuela opposition leader

Published 06 Jul, 2021 10:08am

The letter was sent on the occasion of the anniversary of Venezuela's independence, on July 5, 1811

In January, two former Baer CEOs -- Chief Executive Boris Collardi, now a partner at Geneva wealth manager Pictet, and his successor Bernhard Hodler -- were reprimanded by FINMA for money laundering-related failings involving Venezuelan oil company PDVSA and corruption at FIFA.

Citgo Petroleum director Luisa Palacios to leave board at month's end

Published 19 Mar, 2021 09:07pm

Palacios, who joined the company in February, 2019, when it created a board independent of Venezuelan state oil firm PDVSA, stepped down as chairperson last October.
Luisa has provided vital service to our company and has made enormous contributions during a pivotal time in the history of Citgo.

Blinken talks with Guaido about 'pressure' against Maduro

Published 03 Mar, 2021 11:13am

Control of the legislative body has since been won by Maduro's forces in December 2020 elections internationally considered rigged.

Venezuela jails officials for giving US oil data

Published 07 Feb, 2021 04:07am

CARACAS: Venezuela jailed two officials from the state oil company PDVSA for five years for providing the US with...

Venezuela's PDVSA halts operations at 310,000 bpd Cardon refinery

Published 26 Jan, 2021 08:00pm

Two of the people said the crude supply shortage arose due to problems at a pipeline supplying crude to the plant.
Workers as of Monday were attempting to restart one of the distillation units, three of the people said.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Pak Qatar Gen.Takaful / Jun 4 Pak Qatar General Takaful Limited(PQGTL)	15.18 ▲ 1.38 (10%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)
Zuma Resources / Jun 4 Zuma Resources Limited(ZUMA)	72.62 ▲ 6.6 (10%)
Allawasaya Tex / Jun 4 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,707.26 ▲ 155.21 (10%)
Nets Internat.Comm. / Jun 4 Nets International Communication Limited(GEMNETS)	27.95 ▲ 2.54 (10%)
Fateh Sports / Jun 4 Fateh Sports Wear Limited(FSWL)	88.32 ▲ 8.03 (10%)
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	25.43 ▲ 2.31 (9.99%)

Stock	Price
Security Investment Bank / Jun 4 Security Investment Bank Limited(SIBL)	6.71 ▼ -0.78 (-10.41%)
JS Global Cap. / Jun 4 JS Global Capital Limited(JSGCL)	150 ▼ -10.16 (-6.34%)
Dewan Textile / Jun 4 Dewan Textile Mills Limited(DWTM)	9.05 ▼ -0.59 (-6.12%)
Arpak Int. / Jun 4 Arpak International Investments Ltd.(ARPAK)	108.50 ▼ -6.95 (-6.02%)
Ahmad Hassan / Jun 4 Ahmad Hassan Textile Mills Limited(AHTM)	80 ▼ -5.11 (-6%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28 ▼ -1.78 (-5.98%)
Saritow Spinning / Jun 4 Saritow Spinning Mills Limited(SSML)	23.70 ▼ -1.28 (-5.12%)
Gulshan Sp. / Jun 4 Gulshan Spinning Mills Limited(GSPM)	5.90 ▼ -0.28 (-4.53%)
Cordoba Logistics / Jun 4 Cordoba Logistics & Ventures Limited(CLVL)	12.28 ▼ -0.55 (-4.29%)
Sindh Abadgar / Jun 4 Sindh Abadgar's Sugar Mills Limited(SASML)	388 ▼ -17 (-4.2%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	57,870,176 ▲ 0.39
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	14,805,643 ▲ 1.87
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	13,873,422 ▲ 2.31
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	12,847,158 ▲ 0.34
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	11,567,168 ▲ 0.41
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	11,449,563 ▲ 0.44
Telecard Limited / Jun 4 Telecard Limited(TELE)	9,935,475 ▲ 0.37
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	9,164,448 ▼ -0.02
Cnergyico PK / Jun 4 Cnergyico PK Limited(CNERGY)	8,239,122 ▲ 0.05
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	7,600,837 ▲ 0.33

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