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Petroleum Exporting Countries

Oil edges higher as supply still seen tight after OPEC+ hike

Published 04 Jun, 2022 04:18am

LONDON: Oil edged higher on Friday, supported by expectations that OPEC’s decision to increase production targets...

Saudi Arabia, UAE could ease oil market volatility: IEA

Published 12 Feb, 2022 05:09am

LONDON: Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more...

Shell hits oil and gas in Namibian offshore well

Published 26 Jan, 2022 04:41am

LONDON: Shell has made a significant oil and gas discovery at an closely-watched offshore well in Namibia which ...

OPEC sees well supported oil market in 2022

Published 19 Jan, 2022 06:15am

LONDON: OPEC on Tuesday stuck to its forecast for robust growth in world oil demand in 2022 despite the Omicron...

Oil heads for biggest annual gains since 2009

Updated 31 Dec, 2021 01:58pm

MELBOURNE: Oil prices edged down on Friday but were set to post their biggest annual gains in 12 years, spurred by...

Middle East Crude: Benchmarks edge down amid ample supplies

Published 15 Dec, 2021 06:34am

SINGAPORE: Middle East crude benchmarks Oman and Dubai edged lower on Tuesday amid ample supplies and lower demand...

Oil dips, focus on OPEC+ response to US-led oil

Published 26 Nov, 2021 05:15am

LONDON: Oil prices dipped in thin trading on Thursday, the US Thanksgiving holiday, as investors eyed how major...

Oil rises above $78 ahead of OPEC+ meeting

Published 02 Oct, 2021 04:45am

NEW YORK: Oil rose above $78 a barrel on Friday, within sight of this week's three-year high, supported by tight...

OPEC forecasts oil demand rebound before post-2035 plateau

Published 29 Sep, 2021 03:00am

LONDON: Oil demand will grow sharply in the next few years as economies recover from the pandemic, OPEC forecast on...

OPEC+ plans new output policy meeting today

Published 18 Jul, 2021 05:58am

MOSCOW/DUBAI: OPEC+ ministers plan to hold their next meeting on Sunday to decide on output policy, three sources...

OPEC+ agrees new oil deal but without UAE agreement

Published 04 Jul, 2021 03:41am

LONDON: OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on...

Oil prices little changed as OPEC+ talks drag on

Published 03 Jul, 2021 03:19am

NEW YORK: Oil prices were little changed on Friday after OPEC+ ministers delayed an output policy meeting, with...

OPEC+ agrees new oil deal but without UAE agreement, source says

Published 03 Jul, 2021 12:59am

The UAE said it agreed to the increase in output but the extension was conditional on revising up its baseline, the level of production against which cuts are calculated, the source said.

OPEC’s share of Indian oil imports plunges

Published 04 May, 2021 04:26am

NEW DELHI: OPEC’s share of India’s oil imports fell to the lowest in at least two decades in the year to the end...

Oil steady near one-month highs as IEA, OPEC raise forecasts

Published 15 Apr, 2021 11:26am

"We see robust stock draws even after factoring in bearish risks as refinery runs are set to rise sharply in the coming months," Citi Research analysts said in a note.

Oil rises after robust China data but J&J vaccine pause weighs

Published 14 Apr, 2021 03:21am

NEW YORK: Oil prices rose about 1% on Tuesday on strong Chinese import data, but the rally was capped by concerns...

Oil down 5pc as rising OPEC+, Iranian output weighs

Updated 06 Apr, 2021 01:20am

"It seemed like OPEC+ was going to roll the deal, but they didn't and now it looks like they're going to have to pay at least in the short term."

Oil prices surge as OPEC+ extends output cuts into April

Published 05 Mar, 2021 11:10am

Analysts are reviewing their price forecasts to reflect the continued supply restraint by OPEC+ as well as US shale producers, who are holding back spending in order to boost returns to investors.

Kuwait plans to shorten oil supply deals for some Asian buyers

Published 18 Feb, 2021 12:56pm

Mangalore Refinery and Petrochemicals was another Indian refiner looking to boost contract volumes, seeking a 14% uplift to 40,000 bpd while raising optional purchase volumes to 15,000 bpd from 10,000 bpd in 2020/21.

Oil climbs to 13-month highs on output cuts, demand recovery hopes

Published 09 Feb, 2021 11:27am

He cautioned, however, that both Brent and WTI are in overbought territory on technical charts.

Brent approaches $60/bbl as supply cuts, stimulus hopes lift prices

Published 08 Feb, 2021 10:47am

A weaker dollar against most currencies on Monday also supported commodities, with dollar-denominated commodities becoming more affordable to holders of other currencies.

OPEC Jan oil output rises for 7th month, Nigeria limits gain-survey

Published 29 Jan, 2021 07:49pm

OPEC January output rises 160,000 bpd from December.
Compliance with OPEC+ cut pledges rises to 103%.
Saudi posts biggest output rise, Nigeria shows largest drop.

Oil drops as US stimulus wrangles, rising COVID-19 cases hit sentiment

Published 26 Jan, 2021 10:42am

Also, output from the giant Tengiz field in Kazakhstan was disrupted by a power cut on Jan. 17.

OPEC sees US shale output recovering further on oil rally

Published 14 Jan, 2021 09:35pm

Leaves 2021 oil demand growth forecast at 5.90 million bpd.
OPEC December output rises by 280,000 bpd on Libya, UAE, Iraq.
Extent of 2021 economic recovery uncertain as virus persists.

Oil rises towards $52 after Trump signs aid bill

Published 28 Dec, 2020 03:10pm

Oil remains vulnerable to any further setbacks in efforts to control the virus, said Stephen Innes, chief global market strategist at Axi, in a note.

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

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
Dow Jones / Jun 3	50,687.07
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79
FTSE 100 / Jun 4	10,349.70
Germany DAX 30 / Jun 4	24,899.30
France CAC40 / Jun 4	8,185.81

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
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.19 ▲ 0.62 (13.57%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Escorts Bank / Jun 4 Escorts Investment Bank Limited(ESBL)	13.59 ▲ 1.24 (10.04%)
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%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Grays Leasing / Jun 4 Grays Leasing Limited(GRYL)	22.98 ▲ 2.09 (10%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)

Stock	Price
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.91 ▼ -2.69 (-6.79%)
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	32 ▼ -2.25 (-6.57%)
Shams Textile / Jun 4 Shams Textile Mills Limited(STML)	39.03 ▼ -2.58 (-6.2%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Ashfaq Textile / Jun 4 Ashfaq Textile Mills Limited(ASHT)	33.25 ▼ -1.89 (-5.38%)
Mughal Energy / Jun 4 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	423.01 ▼ -20.78 (-4.68%)
Gulistan Sp. / Jun 4 Gulistan Spinning Mills Limited(GUSM)	7.06 ▼ -0.32 (-4.34%)
First AL-Noor Mod. / Jun 4 First Al-Noor Modaraba(FANM)	6.60 ▼ -0.28 (-4.07%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	112,742,147 ▲ 0.26
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	32,085,063 ▲ 0.65
WorldCall Telecom / Jun 4 Worldcall Telecom Limited(WTL)	30,602,865 ▼ -0.01
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	29,547,446 ▲ 0.88
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	22,915,829 ▲ 0.56
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	21,952,752 ▲ 2.38
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	21,604,812 ▲ 0.03
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	20,173,269 ▼ -0.13
Maple Leaf Cement / Jun 4 Maple Leaf Cement Factory Limited(MLCF)	18,998,070 ▲ 1.39
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	18,802,886 ▲ 0.24

Petroleum Exporting Countries

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