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oil output policy

OPEC+ seen sticking with oil output policy, delegates say

LONDON/DUBAI: An OPEC+ panel is likely to recommend sticking with the oil producer group’s output policy when it...

Published 01 Feb, 2023 04:18pm

Business & Finance

OPEC+ panel unlikely to tweak oil policy

LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next ...

Published 25 Jan, 2023 06:25am

Markets

Russia, Saudi signal no rush on Omicron ahead of OPEC+ meeting

MOSCOW/LONDON: Russia and Saudi Arabia signalled on Monday there was no need for OPEC+ to race to adjust oil output...

Updated 29 Nov, 2021 07:27pm

Markets

OPEC+ likely to stick to oil output plan, sources say

LONDON: OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an...

Published 04 Nov, 2021 07:45pm

Markets

Iraqi oil minister deems oil at $75-$80 a barrel fair to producers and consumers

The OPEC member is also targeting raising its crude export capacity to 6 million bpd from 4 million bpd now by the end of 2024

Published 06 Oct, 2021 06:07pm

Markets

OPEC+ plans new output policy meeting on Sunday

OPEC+, still needs to take a final decision on output policy after talks earlier this month were abandoned because of the dispute between Saudi and the UAE.

Published 17 Jul, 2021 07:51pm

Markets

OPEC+ seeks consensus on oil output policy after UAE roadblock

Saudi, Russia had pushed plan to lift output, extend pact.
UAE against extending oil pact through 2022, sources say.
UAE wants own output set at higher level under any deal.
A deal could see 2 mln bpd added to market by December.

Published 02 Jul, 2021 07:42pm

Markets

Oil on track for 9-week high on rising demand outlooks

Brent futures rose $1.09, or 1.6%, to $69.64 a barrel.
US West Texas Intermediate (WTI) crude rose $1.08, or 1.7%, to $66.36.
India's coronavirus death toll crossed 250,000 in the deadliest 24 hours since the pandemic began.

Updated 12 May, 2021 07:32pm

Markets

Oil prices rise after robust China data, Middle East tension

US crude stockpiles seen down for third week -Reuters poll.
OPEC ups 2021 oil demand forecast.
Coming up: API inventory data at 2030 GMT.

Published 13 Apr, 2021 08:34pm

Markets

OPEC+ debates whether to ease oil output cuts, as US resumes energy calls to Saudi

US energy secretary, Saudi energy minister hold call.
Biden team had till now avoided Trump's approach to OPEC+.
Saudi opens talks with call for 'cautious stance'.

Published 01 Apr, 2021 07:16pm

Markets

Oil prices edge higher after sell-off driven by demand concerns

Brent crude was up 31 cents, or 0.5%, at $63.59 a barrel.
Oil closed about 7% down on Thursday as several large European economies reimposed lockdowns and vaccination programmes were slowed by distribution issues and concerns over potential side effects.

Published 19 Mar, 2021 09:05pm

Markets

OPEC+ maintains oil policy amid price rally

A Joint Ministerial Monitoring Committee of OPEC+ met virtually on Wednesday, pronouncing itself "optimistic for (a) year of recovery in 2021.
Oil has rallied from historic lows hit last year as the pandemic hit demand, thanks to record output cuts by the Organization of the Petroleum Exporting Countries and allies.

Published 03 Feb, 2021 09:54pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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