Trends - oil reserves - Business Recorder

oil reserves

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

Iraq hopes oil reserves will exceed 160bn barrels: minister

BAGHDAD: Iraq, one of the world’s biggest oil producers, aims to boost its crude reserves to more than 160 billion...

Published 11 May, 2024 06:34pm

Business & Finance

June oil reserves decline 17pc to 193m bbl YoY

KARACHI: The country’s oil reserves declined by 17 percent to stand at 193 million bbl in June 2023 as compared to...

Updated 09 Sep, 2023 07:01am

Markets

OGDCL’s KP well sees major boost in production

Oil & Gas Development Company Limited (OGDCL), the country’s largest hydrocarbon exploration firm, has achieved...

Updated 30 Aug, 2023 07:43pm

Markets

OGDCL commences oil & gas production from KPK field

Company is set to start production from its Wali (Bettani) Gas Field, integrating it into the national grid

Published 15 Jun, 2023 03:48pm

Opinion

Riyal politic

Once again Saudi Arabia is using its position as the financial superpower of the Middle East – it sits on top of ...

Updated 25 May, 2023 07:12am

Markets

US oil may retest support at $77.16

SINGAPORE: U.S. oil may retest a support at $77.16 per barrel, a break below which could open the way towards...

Published 23 Dec, 2022 10:51am

Markets

OGDCL discovers oil & gas reserves in Sindh

Oil and Gas Development Company Limited (OGDCL), the largest oil and gas exploration company in Pakistan, on Monday...

Updated 19 Dec, 2022 04:36pm

Markets

OGDCL discovers oil reserves in Punjab

Company says latest oil discovery further extends hydrocarbon play area in Pothohar basin

Updated 27 Oct, 2022 03:54pm

Saudi blasts release of oil reserves ‘to manipulate markets’

RIYADH: Saudi Arabia’s energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to...

Updated 26 Oct, 2022 09:28am

Markets

Biden to release 15m barrels from US oil reserves

WASHINGTON: President Joe Biden will announce Wednesday he’s putting the final 15 million barrels on the market...

Published 20 Oct, 2022 05:36am

Markets

Biden, battling high gas prices, says US will tap, refill oil reserve

WASHINGTON: President Joe Biden said Wednesday the United States will sell 15 million barrels from the nation's...

Published 19 Oct, 2022 11:17pm

Business & Finance

June oil reserves decline 7pc to 233m bbl YoY

KARACHI: The oil reserves have reduced by 7.0 percent on year-on-year basis, arriving at 233 million bbl during June...

Published 26 Aug, 2022 06:00am

Pakistan

IMF being lenient with current government: Shaukat Tarin

Former finance minister says global lender asked PTI to match policy rate with headline inflation instead of core inflation

Updated 22 Jun, 2022 06:28pm

Markets

OGDCL discovers oil, gas reserves in Sindh and Punjab

Discoveries made in Rajanpur, Punjab and district Tando Allah Yar, Sindh

Published 22 Jun, 2022 11:47am

Markets

Russian isolation won’t spark ‘acute’ oil supply crunch: IEA

PARIS: Russia’s growing isolation will not create an “acute” global oil supply crunch as production from other...

Published 13 May, 2022 05:59am

Markets

Most Gulf markets recoup losses; Abu Dhabi gets Etisalat boost

DUBAI: Most Gulf markets ended flat or slightly higher on Thursday, recovering from earlier losses after oil prices...

Published 01 Apr, 2022 05:41am

Markets

India indicates readiness to release more oil reserves

NEW DELHI: India will take “appropriate” steps to calm the rise in oil prices, triggered by Russia’s invasion...

Updated 15 Mar, 2022 06:36am

Markets

India to release additional crude from its stocks

NEW DELHI: India is prepared to release additional crude from its national stocks in support of efforts by other...

Published 27 Feb, 2022 06:39am

World

China boosts oil reserves, ignoring US push for global release

LONDON: China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from...

Published 26 Feb, 2022 04:37am

Markets

India to release 5mn bbls oil from strategic reserves in coordination with other buyers

NEW DELHI: India will release 5 million barrels of oil from its strategic reserves in coordination with other buyers...

Published 23 Nov, 2021 05:46pm

Markets

Japan PM confirms oil reserves may be released to curb prices

TOKYO: Japan is considering releasing oil from its reserves for the first time to curb surging oil prices, Kyodo ...

Published 21 Nov, 2021 04:19am

Markets

Japan considers releasing oil reserves to curb prices

TOKYO: Japan's government is considering releasing oil from its reserves in response to rising crude oil prices,...

Published 20 Nov, 2021 10:40am

Asia looks to release oil reserves after US request

TOKYO: The world’s biggest economies said on Thursday they were looking into releasing oil from their strategic...

Published 19 Nov, 2021 04:35am

World

White House: US is discussing joint release of oil reserves with other countries

WASHINGTON: The United States has discussed with China and a wide range of other countries the possibility of a ...

Updated 19 Nov, 2021 01:46am

Pakistan

‘Policy shift needed to build up edible oil stocks’

ISLAMABAD: A major policy shift is needed to build up local edible oil reserves/ stocks and motivate farmers for...

Published 09 Nov, 2021 04:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Petrol/Litre / May 13	252.63
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Diesel/Litre / May 13	256.64
Cotton US¢/pound / May 13	66.85

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.50 ▲ 0.71 (18.73%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.80 ▲ 0.92 (15.65%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.85 ▲ 2.03 (14.69%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Pak. P.V.C. / May 13 Pakistan PVC Limited(PPVC)	8.30 ▲ 0.9 (12.16%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	18.77 ▲ 1.71 (10.02%)

Stock	Price
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	77.96 ▼ -8.64 (-9.98%)
Blue-Ex Ltd / May 13 Blue-Ex Limited (GEM)(GEMBLUEX)	50.40 ▼ -5.42 (-9.71%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Ahmad Hassan / May 13 Ahmad Hassan Textile Mills Limited(AHTM)	49 ▼ -5 (-9.26%)
Universal Ins. / May 13 The Universal Insurance Company Limited(UVIC)	8.20 ▼ -0.8 (-8.89%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.79 ▼ -0.26 (-8.52%)
EMCO Industries / May 13 Emco Industries Limited(EMCO)	38.50 ▼ -3.3 (-7.89%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
Quetta Textile / May 13 Quetta Textile Mills Limited(QUET)	10.77 ▼ -0.91 (-7.79%)

Stock	Volume
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	27,854,307 ▲ 16.54
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	27,284,957 ▲ 4.7
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	26,238,043 ▲ 1.96
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	22,017,042 ▼ -0.05
Pak Petroleum / May 13 Pakistan Petroleum Limited(PPL)	19,005,992 ▲ 15.28
B.O.Punjab / May 13 The Bank of Punjab(BOP)	18,713,903 ▼ -0.17
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	18,670,999 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	18,427,459 ▼ -0.12
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	15,015,686 ▼ -1.84
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	12,407,540 ▲ 1.6

Markets →

Budget 2024-25: income tax calculator for FY25

oil reserves

Most Popular