AGL 38.16 ▼ -0.06 (-0.16%)

AIRLINK 134.19 ▲ 5.22 (4.05%)

BOP 8.85 ▲ 1.00 (12.74%)

CNERGY 4.69 ▲ 0.03 (0.64%)

DCL 8.67 ▲ 0.35 (4.21%)

DFML 39.78 ▲ 0.84 (2.16%)

DGKC 85.15 ▲ 3.21 (3.92%)

FCCL 34.90 ▲ 1.48 (4.43%)

FFBL 75.60 ▼ -0.11 (-0.15%)

FFL 12.74 ▼ -0.08 (-0.62%)

HUBC 109.45 ▼ -0.91 (-0.82%)

HUMNL 14.10 ▲ 0.09 (0.64%)

KEL 5.40 ▲ 0.25 (4.85%)

KOSM 7.75 ▲ 0.08 (1.04%)

MLCF 41.37 ▲ 1.57 (3.94%)

NBP 69.70 ▼ -2.62 (-3.62%)

OGDC 193.62 ▲ 5.33 (2.83%)

PAEL 26.21 ▲ 0.58 (2.26%)

PIBTL 7.42 ▲ 0.05 (0.68%)

PPL 163.85 ▲ 11.18 (7.32%)

PRL 26.36 ▲ 0.97 (3.82%)

PTC 19.47 ▲ 1.77 (10%)

SEARL 84.40 ▲ 1.98 (2.4%)

TELE 7.99 ▲ 0.40 (5.27%)

TOMCL 34.05 ▲ 1.48 (4.54%)

TPLP 8.72 ▲ 0.30 (3.56%)

TREET 17.18 ▲ 0.40 (2.38%)

TRG 61.00 ▲ 4.96 (8.85%)

UNITY 28.96 ▲ 0.18 (0.63%)

WTL 1.37 ▲ 0.02 (1.48%)

BR100 10,786 127.6 (1.2%)

BR30 32,266 934.6 (2.98%)

KSE100 100,083 813.5 (0.82%)

KSE30 31,193 160.9 (0.52%)

اردو

Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

World

Russian oil price cap will ease inflation, harm Moscow’s finances, Yellen says

Reuters Published September 2, 2022

WASHINGTON: U.S. Treasury Secretary Janet Yellen said that a price cap on Russian oil agreed by Group of Seven (G7) finance ministers on Friday would help fight inflation while delivering a blow to Moscow’s ability to finance its war in Ukraine.

The price cap helps achieve “our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine,” Yellen said in a statement.

Yellen ‘optimistic’ on deal to set price cap on Russian oil

Janet Yellen G7 Russian oil G7 leaders

Comments

Comments are closed.

samir sardana Sep 07, 2022 08:14pm

LIKE I SAID ON "https://www.brecorder.com/news/40164316/oil-prices-dive-as-us-considers-record-reserves-release" ON APR 01, 2022 04:17AM "The aim is to reduce and stop Russian Oil sales to EU and also TO REDUCE THE OIL RATES FOR RUSSIA !" THE AIM OF RUSSIAN SANCTIONS ETC.IS TO SRANGULATE RUSSIA EVEN THE US FED HIKES ARE TO KILL OIL - NOT INFLATION ! TARGET = RUSSIA ! SINCE BRENT IS NOT FALLING - SO THE OIL CAP US = ZUBIN MEHTA THE COMPOSER ! AT EOD - EU WILL BUY OIL AND GAS FROM US OR QATAR (US ALLY). SO US IS HAVING A BALL, AND YELLEN IS SMILING ! PUTIN WILL ALSO NEED TO TAKE DRASTIC STEPS - AS, THE LONGER THE WAR LASTS - THE WORSE IT WILL BE FOR RUSSIA AND ITS MILITARY - FATIGUE AND MONTONY OF WAR !SO NEW WEAPONS WILL NEED TO BE USED = DRASTIC ESCALATION ! dindooohindoo

Recommended (0)

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	277.93
USD PKR Interbank Buying / Nov 28	278.13
USD to Japanese Yen / Nov 28	151.53
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.05

Stock	Volume
S&P 500 / Nov 27	5,998.74
Nasdaq / Nov 27	19,060.48
Dow Jones / Nov 27	44,722.06
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45
Hang Seng / Nov 28	19,368.83
FTSE 100 / Nov 28	8,289.96
Germany DAX 30 / Nov 28	19,381.32

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Crude Oil USD/Barrel / Nov 28	68.72
Gold Spot USD/Ounce / Nov 28	2,635.70
Cotton US¢/pound / Nov 28	71.75
Petrol/Litre / Nov 29	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 29 786 Investments Limited(786)	6.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 29 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▼ 0.00 (0.00%)
Agro Allianz / Nov 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 29 Ali Asghar Textile Mills Limited(AATM)	70 ▼ 0.00 (0.00%)
Allied Bank / Nov 29 Allied Bank Limited(ABL)	139.74 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 29 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▼ 0.00 (0.00%)
Abson Ind. / Nov 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 29 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 29 786 Investments Limited(786)	6.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 29 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▲ 0.00 (0.00%)
Agro Allianz / Nov 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 29 Ali Asghar Textile Mills Limited(AATM)	70 ▲ 0.00 (0.00%)
Allied Bank / Nov 29 Allied Bank Limited(ABL)	139.74 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 29 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▲ 0.00 (0.00%)
Abson Ind. / Nov 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 29 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 29 The Bank of Punjab(BOP)	179,225,089 ▲ 0.00
K-Electric Ltd. / Nov 29 K-Electric Limited(KEL)	64,868,271 ▲ 0.00
Bank Makramah / Nov 29 Bank Makramah Limited(BML)	60,297,878 ▲ 0.00
Pace (Pak) Ltd. / Nov 29 Pace (Pakistan) Limited(PACE)	55,350,909 ▲ 0.00
Hascol Petrol / Nov 29 Hascol Petroleum Limited(HASCOL)	42,730,290 ▲ 0.00
Fauji Foods Ltd / Nov 29 Fauji Foods Limited(FFL)	38,903,524 ▲ 0.00
Sui South Gas / Nov 29 Sui Southern Gas Company Limited(SSGC)	36,014,321 ▲ 0.00
Cnergyico PK / Nov 29 Cnergyico PK Limited(CNERGY)	33,477,996 ▲ 0.00
WorldCall Telecom / Nov 29 Worldcall Telecom Limited(WTL)	31,208,624 ▲ 0.00