Trends - oil production - Business Recorder

oil production

PPL FY24 – earnings growth amid production decline

For FY24, Pakistan Petroleum Limited (PSX: PPL) reported a 17 percent year-on-year growth in earnings, despite...

Updated 26 Sep, 2024 09:44am

Markets

Oil eases on resuming US output after storm

NEW YORK: Oil prices fell on Friday as US Gulf of Mexico crude production resumed following Hurricane Francine and...

Updated 15 Sep, 2024 09:44am

BR Research

POL strikes despite production dip

The oil production of Pakistan witnessed an uptick of 1.4 percent year-on-year in FY24. Meanwhile, gas production...

Published 06 Sep, 2024 08:53am

BR Research

Oil prices: Geopolitics pips fundamentals

The seemingly never-ending seesaw between market fundamentals and geopolitical risks entered another fresh episode...

Published 29 Aug, 2024 08:05am

Markets

FY24: Oil production up; gas’s down

KARACHI: The oil production of Pakistan has increased by 1.4 percent on year-on-year basis during FY24, however gas...

Published 07 Aug, 2024 05:38am

Markets

OGDC sees significant boost in oil production at KPK well

Oil and Gas Development Company Limited (OGDC) has registered a significant increase in oil production from Nashpa...

Updated 17 May, 2024 04:46pm

Markets

Brent hovers above $83 as inflation data takes centre stage

LONDON: Oil prices edged higher on Monday after losing about $1 a barrel in the previous session on signs that U.S....

Updated 13 May, 2024 06:30pm

Markets

OPEC+ likely to extend production cuts in June

LONDON: Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months...

Published 05 May, 2024 02:54am

BR Research

MARI – earnings slip in 3Q

Mari Petroleum Company Limited (PSX: MARI) announced its financial performance recently, posting a decline in the...

Published 03 May, 2024 09:07am

BR Research

POL in 9MFY24

During the nine months of FY24, the oil production by the exploration and production sector in the country witnessed...

Published 29 Apr, 2024 07:40am

Business & Finance

Iran inks big contracts to increase oil production

TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil...

Updated 18 Mar, 2024 08:55am

Markets

Iran inks big contracts to increase oil production

TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil...

Published 17 Mar, 2024 08:21pm

Markets

Oil rises on Middle East tensions, interest rates curb gains

HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were...

Updated 13 Feb, 2024 09:36pm

Markets

Iraq committed to OPEC, will not produce more than 4mn bpd: minister

BAGHDAD: Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is also...

Published 12 Feb, 2024 05:02pm

Business & Finance

Saudi Aramco halts plan to raise production capacity: statement

RIYADH: Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels...

Published 30 Jan, 2024 12:08pm

Business & Finance

Angola to quit OPEC over oil production quotas disagreement

LUANDA: Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil...

Published 22 Dec, 2023 05:22am

World

IMF says lower oil production will reduce Iraq’s GDP growth in 2023, 2024

DUBAI: The International Monetary Fund said Iraq faces lower GDP growth in 2023 and 2024 as a result of lower oil...

Published 19 Dec, 2023 08:30pm

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

Indian Oil to double Ennore LNG terminal’s capacity to 10mn tpy

NEW DELHI: Indian Oil Corp, the country’s top refiner, aims to double the capacity of its liquefied natural gas...

Published 24 Nov, 2023 02:40pm

Markets

Oil prices steady ahead of OPEC+ oil production decision

Global benchmark Brent crude oil hovered above $81 a barrel on Friday ahead of next week’s OPEC+ meeting, which...

Updated 24 Nov, 2023 10:31pm

BR Research

MARI – earnings soar in 1QFY24

The oil and gas exploration and production sector has seen some respite in production volumes in the ongoing fiscal...

Published 27 Oct, 2023 08:07am

World

Nigeria wins multi-billion-dollar damages appeal

LONDON: Nigeria won an appeal on Monday to overturn a multi-billion-dollar damages bill in a long-running ...

Published 24 Oct, 2023 05:05am

Markets

Oil prices fall again; demand worries outweigh tight supply

HOUSTON: Oil prices dipped on Thursday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil...

Updated 05 Oct, 2023 08:45pm

Markets

Oil falls more than $3 on demand fears, Saudi confirms cuts to year-end

Brent trades at lowest since September 1 during the session, with an intraday low of $87.55 a barrel

Updated 04 Oct, 2023 08:12pm

World

New business helps rebound in Saudi non-oil activity in Sept

DUBAI: Growth in non-oil business activity in Saudi Arabia accelerated in September from an 11-month low the...

Published 03 Oct, 2023 10:16am

Markets

Oil steadies amid strong US dollar, mixed supply cues

LONDON: Oil prices were little changed on Tuesday, after falling to a three-week low in the previous session, amid a...

Updated 03 Oct, 2023 08:07pm

Markets

Saudi Arabia to tap international debt markets as deficits return

RIYADH: Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in...

Published 01 Oct, 2023 05:25pm

Markets

Shell seeks partners for renewable assets in India

LONDON: Shell is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng...

Published 21 Sep, 2023 05:05pm

Markets

Oil rebounds to climb $1 as Russia bans most fuel exports

LONDON: Oil prices rebounded from $1 down to $1 up in trading on Thursday, after a Russian ban on fuel exports...

Updated 21 Sep, 2023 07:37pm

Markets

OGDCL sees significant oil & gas production increase in KPK well

Nashpa Well-10 is situated within the Nashpa Development and Production Lease in the Karak district of the Khyber Pakhtunkhwa province

Updated 13 Sep, 2023 04:24pm

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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