Trends - oil exporter - Business Recorder

oil exporter

Kuwait, under new emir, votes yet again

KUWAIT CITY: Vote-weary Kuwait heads to the polls for the third time in three years on Thursday, just months into ...

Published 05 Apr, 2024 04:50am

Markets

Saudi Arabia likely to extend additional supply cuts to Q1 2024: Energy Aspects

SINGAPORE: The world’s top oil exporter, Saudi Arabia, is expected to extend its additional voluntary supply cuts to...

Published 15 Nov, 2023 08:18pm

World

Putin signals OPEC+ cuts are here to stay

MOSCOW: Russian President Vladimir Putin said on Wednesday that OPEC+ coordination would continue in order to ensure...

Published 12 Oct, 2023 05:57am

Markets

OPEC cuts oil demand growth forecast again as economic challenges mount

LONDON: OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further...

Published 14 Nov, 2022 06:46pm

World

World hoped to crucify top oil supplier, Saudi says

SHARM EL SHEIKH: The world was hoping to crucify Saudi Arabia as a top oil exporter, its energy minister said on the...

Updated 11 Nov, 2022 11:13pm

Markets

OPEC+ ‘only a phone call away’ if markets need balancing: UAE minister

ABU DHABI: The United Arab Emirates’ energy minister said on Monday that OPEC+ was always willing to balance crude...

Published 31 Oct, 2022 07:26pm

World

Saudi Q3 GDP grows 8.6%, boosted by higher oil prices

DUBAI: Saudi Arabia’s gross domestic product expanded by 8.6% in the third quarter compared with the same period in...

Published 31 Oct, 2022 07:12pm

Markets

Russia becomes India's second biggest oil exporter, trade sources

NEW DELHI: Russia rose to become India's second biggest supplier of oil in May, pushing Saudi Arabia into third ...

Published 13 Jun, 2022 05:46pm

World

UN calls on Saudi Arabia to free relatives of former spy chief

DUBAI: The United Nations Working Group on Arbitrary Detention called on Saudi Arabia on Friday to immediately...

Published 10 Jun, 2022 09:08pm

Markets

Saudi Arabia lowers Arab Light oil price to Asia, Europe in June

JEDDAH: Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June,...

Published 09 May, 2022 05:39am

Markets

Saudi, Qatar indexes gain while Egypt falls more than 2pc

DUBAI: Major Gulf indexes closed higher on Thursday, tracking the rise in oil prices, while Egypt’s index recorded...

Published 08 Apr, 2022 05:28am

World

UAE to launch first federal corporate tax on business profits

DUBAI: The United Arab Emirates (UAE) on Monday said it would introduce a federal corporate tax on business profits...

Published 01 Feb, 2022 04:07am

World

Saudi Arabia in talks to refinance, downsize $16bn loan

DUBAI: Saudi Arabia is in talks with banks to amend the terms of a $16 billion loan due in 2023 and possibly reduce...

Published 09 Nov, 2021 04:48am

Top oil exporter Saudi Arabia targets zero carbon emissions by 2060

RIYADH: Top crude exporter Saudi Arabia will aim to achieve net zero carbon emissions by 2060, its de facto ruler...

Published 24 Oct, 2021 04:18am

Markets

Saudi Sept oil supplies to China up 2%, Russian volumes down 18%

BEIJING/SINGAPORE: Saudi Arabia, the world's biggest oil exporter, kept its ranking as China's top crude supplier ...

Published 20 Oct, 2021 10:04am

Markets

Saudi Arabia retains top spot in oil supplies to China

BEIJING/SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, kept its ranking as China’s top crude ...

Published 21 Sep, 2021 04:10am

Markets

Saudi retains top spot in oil supplies to China with volumes up 53% y/y

That compares with 1.58 million bpd in July and 1.24 million bpd in August last year

Published 20 Sep, 2021 10:40am

Markets

Oil edges higher on inventory drawdowns, Brent tops $75 a barrel

US crude stocks fall by 4.1 mln barrels, EIA says
US Fed says economic recovery remains on track
Iran blames US for pause in nuclear talks

Published 29 Jul, 2021 07:07pm

Markets

Oil track for big weekly drop as supply concerns mount

Brent crude was down 82 cents, or 1.1%, at $72.65 a barrel, heading for a 3.8% fall this week.
Saudi Arabia and the UAE reached a compromise this week, paving the way for OPEC+ producers to finalise a deal to increase production.

Published 16 Jul, 2021 09:05pm

Markets

Oil climbs while OPEC+ considers output increase

WTI rose more than 10% in June, Brent more than 8%.
Cushing inventories drop to lowest since March 2020 –EIA.
Brent to average $67.48/bbl; WTI $64.54 in 2021 -Reuters poll.
OPEC+ to add 2 mln bpd to market in August-December – source.

Published 01 Jul, 2021 06:46pm

Markets

Oil drifts near 2018 highs ahead of OPEC+ meeting

OPEC and associated oil producers set to meet on July 1.
OPEC+ may increase output by 500,000 bpd in Aug - ANZ, ING.
US adds rigs for 11th month in row - Baker Hughes.

Published 28 Jun, 2021 11:10am

Markets

Oil jumps to more than two-year high on US inventories

Brent hits $75.66, highest since October 2018.
OPEC+ meeting on July 1 set to discuss further easing of curbs.
Coming up: EIA oil supply report, 1430 GMT.

Published 23 Jun, 2021 06:32pm

Markets

Oil prices firm on summer demand as Iran talks drag

Iran nuclear talks paused after hardliner wins presidency.
Oil prices on both sides of Atlantic up for four weeks.
Pick-up in northern hemisphere travel boosts prices.

Published 21 Jun, 2021 05:02pm

Markets

Oil falls 1pc amid dollar strength; demand picture still bullish

Brent crude futures were down 86 cents, or 1.2%, at $72.22 a barrel.
The bullish trend in oil remains intact, thanks to optimism surrounding the demand outlook. The dollar may well be strengthening but the fundamental picture for oil hasn't changed.

Published 18 Jun, 2021 06:34pm

Markets

Oil hits new high near $75 on demand rise, falling inventories

Brent hits $74.73, highest since April 2019.
API says US crude stocks drop 8.5 million barrels – sources.
Coming Up: EIA supply report, 1430 GMT.

Published 16 Jun, 2021 05:03pm

Markets

Oil trades at multi-year highs on demand expectations

Vitol CEO sees oil price around $70-$80/bbl this year.
Trafigura CEO says good chance oil gets to $100/bbl.
POLL-US crude inventories seen falling for 4th week in a row.
Coming Up: API data on US crude stocks at 4:30 p.m. ET.

Published 15 Jun, 2021 09:01pm

Markets

Oil eases on Iran concern after hitting two-year high above $72

US crude touches $70 for first time since October 2018.
Brent hits $72.27, highest since May 2019.
Iran, world powers to resume talks on June 10.

Published 07 Jun, 2021 06:12pm

Markets

Oil hits two-year high above $72 on OPEC+ discipline, demand hopes

Brent hits $72.17, highest since May 2019.
Slow inoculation and surging infections renew demand concerns US job growth picks up in May.

Published 04 Jun, 2021 08:44pm

Markets

Oil extends gains on OPEC+ discipline and demand hopes

Brent hit $71.99 on Thursday for highest since May 2019.
Slow inoculation and surging infections renew demand concerns.
Coming up: US non-farm payrolls, 1230 GMT.

Published 04 Jun, 2021 06:30pm

Markets

Oil inches higher as upbeat demand outlook counters supply concerns

Brent, WTI set to close the week with 5%-6% gains.
OPEC+ likely to stick to existing policy.
Worries over impact of Iranian supply return ease.

Published 28 May, 2021 06:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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