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 / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 30	156.45
USD to Swiss Franc / Dec 30	0.90
Pound Sterling to USD / Dec 30	1.26
Euro to USD / Dec 30	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
India Sensex / Dec 30	78,248.13
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Hang Seng / Dec 30	20,111.38
FTSE 100 / Dec 30	8,121.01
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14

Item	Value
Crude Oil USD/Barrel / Dec 30	71.36
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Gold Spot USD/Ounce / Dec 30	2,604.69
Cotton US¢/pound / Dec 30	68.76
Petrol/Litre / Dec 31	252.10

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.63 ▲ 0.63 (15.75%)
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.79 ▲ 0.49 (14.85%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Chakwal Spinning / Dec 31 Chakwal Spinning Mills Limited(CWSM)	64.67 ▲ 5.88 (10.00%)
Liven Pharma / Dec 31 Liven Pharma Limited(LIVEN)	150.54 ▲ 13.69 (10.00%)
Pak Paper Prod / Dec 31 Pakistan Paper Products Limited(PPP)	149.90 ▲ 13.63 (10.00%)
Suhail Jute / Dec 31 Suhail Jute Mills Limited(SUHJ)	131.86 ▲ 11.99 (10.00%)
Pak Stock Exchange / Dec 31 Pakistan Stock Exchange Limited(PSX)	27.75 ▲ 2.52 (9.99%)

Stock	Price
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Blue-Ex Ltd / Dec 31 Blue-Ex Limited (GEM)(GEMBLUEX)	43.35 ▼ -4.81 (-9.99%)
Olympia Mills / Dec 31 Olympia Mills Limited(OML)	36 ▼ -3.89 (-9.75%)
Zephyr Textile / Dec 31 Zephyr Textiles Limited(ZTL)	10.55 ▼ -0.96 (-8.34%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	433.98 ▼ -39.15 (-8.27%)
First Tri-Star Mod. / Dec 31 First Tri-Star Modaraba(FTSM)	13.30 ▼ -1.12 (-7.77%)
JS Investments / Dec 31 JS Investments Limited(JSIL)	22 ▼ -1.71 (-7.21%)
Asia Ins. / Dec 31 Asia Insurance Company Limited(ASIC)	13 ▼ -0.99 (-7.08%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	125,613,935 ▲ 0.41
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▲ 0.00
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▼ -0.09
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.01
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.04
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.52
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	30,340,020 ▲ 1.00
Sui South Gas / Dec 31 Sui Southern Gas Company Limited(SSGC)	30,315,237 ▼ -1.02
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	29,105,477 ▲ 0.89

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