Trends - oil output - Business Recorder

oil output

Russia’s oil output at 9m bpd as promised to OPEC+

SOCHI: Russia will stick to its commitments to the OPEC+ group of leading oil producers and has reached its promised...

Published 07 Nov, 2024 07:59am

Markets

Oil gains over 2% after OPEC+ delays output hike, US election in focus

Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while...

Updated 04 Nov, 2024 06:43pm

Markets

OPEC+ agrees to delay December output hike for one month: sources

LONDON/DUBAI/MOSCOW: OPEC+ has agreed to delay a planned December oil output increase by one month, three sources...

Published 03 Nov, 2024 10:03pm

Markets

OPEC+ could delay planned December oil output hike, sources say

LONDON/MOSCOW: OPEC+ could delay a planned hike in oil production scheduled to take effect in December by a month or...

Published 30 Oct, 2024 05:48pm

Markets

BP drops oil output reduction target in strategy reset, sources say

LONDON: BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s...

Published 07 Oct, 2024 05:12pm

Markets

OPEC+ discussing delay to planned oil output hike in October, sources say

LONDON: OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9...

Published 04 Sep, 2024 05:06pm

Business & Finance

Iran plans to raise oil output to 4m barrels per day

DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news...

Published 27 May, 2024 05:52am

Markets

OPEC+ ministers keep oil output policy steady, sources say

LONDON/MOSCOW/DUBAI: A meeting of the top ministers of OPEC+ has kept oil output policy unchanged, three OPEC+...

Published 03 Apr, 2024 05:42pm

Business & Finance

Oil settles higher

HOUSTON: Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks...

Published 26 Mar, 2024 04:20am

OPEC+ members extend oil output cuts to second quarter

DUBAI: OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts into the...

Updated 04 Mar, 2024 09:39am

Markets

OPEC+ members extend oil output cuts to second quarter

DUBAI: OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts into the...

Published 03 Mar, 2024 09:36pm

Markets

Oil set for weekly loss despite OPEC+ output decision

LONDON: Oil prices dipped slightly on Friday despite the OPEC+ group’s decision to leave its production policy...

Updated 02 Feb, 2024 06:59pm

Markets

Nigeria aims to raise oil, condensates output to 2.6mn bpd by 2026

ABUJA: Nigeria’s upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6...

Published 01 Jan, 2024 07:06pm

Business & Finance

Russia and Saudi Arabia urge OPEC+ countries to join output deal

MOSCOW: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have urged all OPEC+ countries...

Published 08 Dec, 2023 05:20am

Business & Finance

OPEC+ agrees to voluntary oil output cuts

LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to voluntary output cuts approaching 2 million barrels...

Published 01 Dec, 2023 04:43am

Markets

OPEC+ talks tough, policy rollover possible, sources say

LONDON: OPEC+ talks on oil policy are difficult, making a rollover a possibility rather than deeper production cuts...

Published 28 Nov, 2023 07:19pm

Markets

Saudi Arabia to continue voluntary 1 million bpd oil output cut for December

DUBAI: Top oil exporter Saudi Arabia will continue with its voluntary oil output cut of 1 million barrels per day...

Published 05 Nov, 2023 08:17pm

Markets

OPEC oil output rises for third month

LONDON: OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by...

Published 01 Nov, 2023 05:57am

Markets

Saudi Arabia will extend voluntary 1 million bpd oil cut through Sept

DUBAI: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to...

Published 03 Aug, 2023 06:28pm

Markets

UAE climate chair urges oil firms to slash emissions

PARIS: The Emirati oil executive chairing this year’s UN climate summit, Sultan Al Jaber, told private and national...

Published 06 Jul, 2023 04:48pm

Markets

Saudi Arabia extends extra 1 mbpd oil output cut to August

DUBAI: Saudi Arabia said on Monday it would extend its voluntary oil output cut of one million barrels per day (bpd)...

Published 03 Jul, 2023 03:31pm

Business & Finance

Chevron tops estimates with Q1 profit gain despite slide in oil prices

HOUSTON: Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter,...

Published 28 Apr, 2023 05:33pm

Business & Finance

Exxon delivers record first-quarter profit on higher output

HOUSTON: Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double a year ago and...

Published 28 Apr, 2023 05:30pm

Markets

Saudi, UAE lead Mideast oil production cut for market ‘stability’

Cuts by Saudi Arabia, the UAE and Kuwait totalling 772,000 barrels per day (bpd) will take effect from May and last for the rest of the year

Published 02 Apr, 2023 08:25pm

Markets

Novak says Russia to extend 500,000 bpd oil production cut until end of year

MOSCOW: Russia will extend a 500,000 barrels per day (bpd) oil production cut until the end of the year, Deputy...

Published 02 Apr, 2023 07:25pm

Markets

OPEC+ unlikely to tweak oil policy in Monday talks

LONDON/MOSCOW: OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five...

Published 30 Mar, 2023 06:12pm

Markets

OPEC+ likely to stick to its guns despite price slump, delegates say

LONDON/DUBAI: OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end...

Published 22 Mar, 2023 05:16pm

Markets

OPEC+ should get ‘due recognition’ for constructive role

BENGALURU: OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October...

Published 06 Feb, 2023 11:50am

Markets

China's oil demand bounce may push producers to reconsider output: IEA

BENGALURU: Oil producers may have to reconsider their output policies following a demand recovery in China, the...

Published 05 Feb, 2023 06:43pm

Markets

Russian oil output, exports stable despite sanctions

MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with oil output and...

Published 01 Feb, 2023 08:26pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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