SINGAPORE: Oil prices are still subject to downside into 2025-2026 amid a surplus market, Daan Struyven, head of oil research at Goldman Sachs told the APPEC 2024 conference.
He said OPEC is likely to go ahead with gradual and moderate production increases in the next few quarters.
Goldman Sachs adjusted its expectations for OPEC+ oil production, according to a note from the bank last week, saying it expects three months of production increases starting from December instead of October.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Dec 3
|
277.92
|
|
USD PKR Interbank Buying
/ Dec 3
|
277.72
|
|
USD to Japanese Yen
/ Dec 3
|
150.01
|
|
USD to Swiss Franc
/ Dec 3
|
0.89
|
|
Pound Sterling to USD
/ Dec 3
|
1.27
|
|
Euro to USD
/ Dec 3
|
1.05
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Dec 2
|
6,047.15
|
|
Nasdaq
/ Dec 2
|
19,403.95
|
|
Dow Jones
/ Dec 2
|
44,782
|
|
India Sensex
/ Dec 3
|
80,853.10
|
|
Tokyo Nikkei
/ Dec 3
|
39,248.86
|
|
Hang Seng
/ Dec 3
|
19,694.44
|
|
FTSE 100
/ Dec 3
|
8,345.09
|
|
Germany DAX 30
/ Dec 3
|
20,011.64
|
| Item | Value |
|---|---|
|
Gold 10 Grams PKR
/ Dec 2
|
235,340
|
|
Petrol/Litre
/ Dec 3
|
252.10
|
|
Crude Oil USD/Barrel
/ Dec 3
|
68.37
|
|
Karachi Cotton PKR/37.32 KG
/ Dec 3
|
17,685
|
|
Gold Spot USD/Ounce
/ Dec 3
|
2,645.88
|
|
Diesel/Litre
/ Dec 3
|
258.43
|
| Stock | Price |
|---|---|
|
786 Invest Ltd
/ Dec 3
786 Investments Limited(786)
|
7.30
▼ 0.00
(0.00%)
|
|
AL-Abbas Sugar
/ Dec 3
Al-Abbas Sugar Mills Limited(AABS)
|
630
▼ 0.00
(0.00%)
|
|
Agro Allianz
/ Dec 3
Agro Allianz Limited(AAL)
|
16
▼ 0.00
(0.00%)
|
|
AL-Abid Silk
/ Dec 3
Al-Abid Silk Mills Limited(AASM)
|
3.49
▼ 0.00
(0.00%)
|
|
Ali Asghar
/ Dec 3
Ali Asghar Textile Mills Limited(AATM)
|
67.69
▼ 0.00
(0.00%)
|
|
Allied Bank
/ Dec 3
Allied Bank Limited(ABL)
|
150
▼ 0.00
(0.00%)
|
|
Abbott Lab.
/ Dec 3
Abbott Laboratories (Pakistan) Limited(ABOT)
|
1,118.68
▼ 0.00
(0.00%)
|
|
Abson Ind.
/ Dec 3
Abson Industries Limited(ABSON)
|
2.50
▼ 0.00
(0.00%)
|
|
Alfalah ETF.
/ Dec 3
Alfalah Consumer Index ETF.(ACIETF)
|
13.14
▼ 0.00
(0.00%)
|
| Stock | Price |
|---|---|
|
786 Invest Ltd
/ Dec 3
786 Investments Limited(786)
|
7.30
▲ 0.00
(0.00%)
|
|
AL-Abbas Sugar
/ Dec 3
Al-Abbas Sugar Mills Limited(AABS)
|
630
▲ 0.00
(0.00%)
|
|
Agro Allianz
/ Dec 3
Agro Allianz Limited(AAL)
|
16
▲ 0.00
(0.00%)
|
|
AL-Abid Silk
/ Dec 3
Al-Abid Silk Mills Limited(AASM)
|
3.49
▲ 0.00
(0.00%)
|
|
Ali Asghar
/ Dec 3
Ali Asghar Textile Mills Limited(AATM)
|
67.69
▲ 0.00
(0.00%)
|
|
Allied Bank
/ Dec 3
Allied Bank Limited(ABL)
|
150
▲ 0.00
(0.00%)
|
|
Abbott Lab.
/ Dec 3
Abbott Laboratories (Pakistan) Limited(ABOT)
|
1,118.68
▲ 0.00
(0.00%)
|
|
Abson Ind.
/ Dec 3
Abson Industries Limited(ABSON)
|
2.50
▲ 0.00
(0.00%)
|
|
Alfalah ETF.
/ Dec 3
Alfalah Consumer Index ETF.(ACIETF)
|
13.14
▲ 0.00
(0.00%)
|
| Stock | Volume |
|---|---|
|
WorldCall Telecom
/ Dec 3
Worldcall Telecom Limited(WTL)
|
213,514,857
▲ 0.00
|
|
Cnergyico PK
/ Dec 3
Cnergyico PK Limited(CNERGY)
|
196,907,321
▲ 0.00
|
|
Fauji Foods Ltd
/ Dec 3
Fauji Foods Limited(FFL)
|
68,325,507
▲ 0.00
|
|
K-Electric Ltd.
/ Dec 3
K-Electric Limited(KEL)
|
66,212,972
▲ 0.00
|
|
Sui South Gas
/ Dec 3
Sui Southern Gas Company Limited(SSGC)
|
65,264,278
▲ 0.00
|
|
B.O.Punjab
/ Dec 3
The Bank of Punjab(BOP)
|
61,288,845
▲ 0.00
|
|
Hascol Petrol
/ Dec 3
Hascol Petroleum Limited(HASCOL)
|
49,268,731
▲ 0.00
|
|
Pak Int.Bulk
/ Dec 3
Pakistan International Bulk Terminal(PIBTL)
|
46,902,495
▲ 0.00
|
|
Fauji Cement
/ Dec 3
Fauji Cement Company Limited(FCCL)
|
31,910,059
▲ 0.00
|
Comments