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oil supply

OPEC+ extends oil supply cuts through March

VIENNA: Several OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cuts for...

Published 05 Dec, 2024 07:24pm

Business & Finance

World Bank expects oil glut to cause commodity price slump

WASHINGTON: Global commodity prices should fall to a five-year low next year thanks to a huge oil glut, the World...

Published 30 Oct, 2024 06:32am

Markets

India prepared to handle oil supply hit from Middle East conflict, oil minister says

NEW DELHI: India will be able to navigate through any hit to oil supplies from the potential widening of the Middle...

Published 07 Oct, 2024 06:58pm

Business & Finance

Eight OPEC+ members extend oil supply cuts until end of Nov

VIENNA: Eight members of the OPEC+ group of oil-producing nations agreed Thursday to extend their voluntary supply...

Published 06 Sep, 2024 07:04am

Senate panel told: Ogra takes over oil demand-supply function

ISLAMABAD: An Oil and Gas Regulatory Authority (Ogra) official Friday apprised a parliamentary panel that the...

Updated 03 Aug, 2024 01:03pm

Pakistan

AJK landslide: Alternate oil supply route planned

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) urgently convened a meeting with representatives from the...

Published 30 Jul, 2024 03:10am

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

Business & Finance

China fuels increase in global oil demand: IEA

PARIS: World oil demand will rise slightly more than expected this year as China’s appetite for the fossil fuel ...

Published 15 Nov, 2023 06:09am

Markets

Oil prices rise by about 1pc as tight supply balances economic outlook

NEW YORK: Oil prices rose by about 1 percent after reaching a two-week low earlier in the session on Tuesday, as...

Published 27 Sep, 2023 06:08am

Business & Finance

OTCA stops oil supply to the whole country

ISLAMABAD: The Oil Tankers Contractors Association (OTCA) stopped oil supply on Monday to the whole country as part...

Published 19 Sep, 2023 06:31am

Markets

Saudi, Russian oil cuts to cause big supply shortfall: IEA

PARIS: Oil cuts by Saudi Arabia and Russia will cause a “significant” global supply shortfall through the end of...

Published 14 Sep, 2023 06:07am

IEA flags OPEC+ supply cuts

International Energy Agency says if OPEC+ current targets are maintained, oil inventories could draw by 2.2 million barrels per day (bpd) in the third quarter

Updated 12 Aug, 2023 09:53am

Markets

Oil edges higher as market weighs Russian supply cuts amid demand fears

HOUSTON: Oil prices edged higher on Monday, rebounding from early losses as investors weighed Russia plans to cut...

Published 14 Feb, 2023 05:58am

Russian oil supply likely by April

Negotiations with Russia were finalised in 45 days: Petroleum State Minister Musadik Malik

Updated 04 Feb, 2023 09:13pm

ARL warns supply disruption if AGL not operationalized

ISLAMABAD: M/s Attock Refinery Limited (ARL) has warned the government that oil supply to Pakistan Air Force (PAF),...

Updated 14 Dec, 2022 09:48am

22-day cover for petrol, 19-day cover for HSD in hand: Ogra

ISLAMABAD: In response to the letter written by the Oil Companies Advisory Council (OCAC) regarding the oil supply...

Updated 18 Nov, 2022 09:23am

OPEC+ agrees deep oil production cuts

VIENNA/LONDON: OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market,...

Published 06 Oct, 2022 05:59am

Markets

Oil rises 1pc on supply concerns, expectations for fuel switching

NEW YORK: Oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil...

Published 15 Sep, 2022 07:16am

Markets

Oil falls on weak economic data, offshore oil restart

NEW YORK: Oil prices fell by more than $5 a barrel on Monday after disappointing Chinese economic data renewed...

Published 16 Aug, 2022 03:59am

OPEC+ agrees tiny output rise in setback for Biden

DUBAI/LONDON: OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a...

Published 04 Aug, 2022 05:43am

Markets

Oil sinks about 4pc after weak factory data sparks demand concerns

NEW YORK: Oil prices dropped about 4% on Monday as weak manufacturing data in several countries weighed on the ...

Published 02 Aug, 2022 06:58am

Markets

Iraq can boost oil output by 200,000 bpd this year if asked: BOC

BASRA: Iraq has the capacity to increase its oil production by 200,000 barrel per day (bpd) this year if asked, an...

Published 22 Jul, 2022 09:55pm

Markets

Oil rises 1pc as tight supply outweighs economic worries

NEW YORK: Oil prices edged up about 1% to a two-week high in volatile trade on Tuesday as the market focused more on...

Published 20 Jul, 2022 07:05am

Markets

Oil rises 2% but set for weekly loss amid recession fears

NEW YORK: Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as...

Updated 08 Jul, 2022 09:04pm

Opinion

Inflation, stagflation, recession

Years of neoliberal assault globally leading to a diminishing role of government, especially in regulating markets,...

Published 08 Jul, 2022 05:36am

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

Oil market headed for surplus?

LONDON: Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the...

Updated 20 Jan, 2022 09:52am

Markets

Oil prices steady as supply concerns offset Omicron fears

LONDON: Oil prices were little changed on Monday as concerns over oil supply from Kazakhstan and Libya were offset ...

Published 11 Jan, 2022 06:33am

BR Research

Oil volatility returns

Nothing much had changed in the physical market for Brent oil to return losses for seven straight sessions earlier...

Published 26 Aug, 2021 07:35am

Business & Finance

OPEC+ agrees oil supply boost after UAE, Saudi reach compromise

"We are happy with the deal," UAE's Energy Minister Suhail bin Mohammed al-Mazroui told a news conference. Saudi energy minister Prince Abdulaziz bin Salman declined to answer questions on how the compromise was reached.

Published 19 Jul, 2021 12:21am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 28	281.26
USD PKR Interbank Buying / Apr 28	281.06
USD to Japanese Yen / Apr 28	142.05
USD to Swiss Franc / Apr 28	0.82
Pound Sterling to USD / Apr 28	1.34
Euro to USD / Apr 28	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 28	5,528.75
India Sensex / Apr 28	80,218.37
Tokyo Nikkei / Apr 28	35,839.99
Nasdaq / Apr 28	17,366.13
Hang Seng / Apr 28	21,971.96
FTSE 100 / Apr 28	8,417.34
Dow Jones / Apr 28	40,227.59
Germany DAX 30 / Apr 28	22,271.67
France CAC40 / Apr 28	7,573.76

Item	Value
Crude Oil USD/Barrel / Apr 28	62.05
Karachi Cotton PKR/37.32 KG / Apr 28	16,985
Gold 10 Grams PKR / Apr 28	297,582
Gold Spot USD/Ounce / Apr 28	3,347.70
Cotton US¢/pound / Apr 28	67.55
Petrol/Litre / Apr 29	254.63
Diesel/Litre / Apr 29	258.64

Gainers
Losers
Leaders

Stock	Price
Ruby Textile / Apr 28 Ruby Textile Mills Limited(RUBY)	7.98 ▲ 0.78 (10.83%)
ECOPACK Ltd / Apr 28 Ecopack Limited(ECOP)	34.71 ▲ 3.16 (10.02%)
EMCO Industries / Apr 28 Emco Industries Limited(EMCO)	38.36 ▲ 3.49 (10.01%)
Sunrays Textile / Apr 28 Sunrays Textile Mills Limited(SUTM)	172.02 ▲ 15.64 (10%)
S.S.Oil / Apr 28 S.S.Oil Mills Limited(SSOM)	392.76 ▲ 35.71 (10%)
Shakarganj / Apr 28 Shakarganj Limited(SML)	43.58 ▲ 3.96 (9.99%)
PIA Holding Co.B / Apr 28 PIA Holding Company Limited B(PIAHCLB)	3,608.54 ▲ 326.25 (9.94%)
Popular Islamic / Apr 28 Popular Islamic Modaraba(PIM)	13.89 ▲ 1.25 (9.89%)
Supernet Ltd. / Apr 28 Supernet Limited (GEM)(GEMSPNL)	23.79 ▲ 1.96 (8.98%)
MCB Invest. Managmt. / Apr 28 MCB Investment Management Limited(MCBIM)	92.81 ▲ 7.54 (8.84%)

Stock	Price
Lucky Cement / Apr 28 Lucky Cement Limited(LUCK)	358.88 ▼ -1392.57 (-79.51%)
Ghani Chemworld / Apr 28 Ghani Chemworld Limited(GCWL)	7 ▼ -1 (-12.5%)
Dewan Textile / Apr 28 Dewan Textile Mills Limited(DWTM)	6.51 ▼ -0.79 (-10.82%)
Pak Gen.Ins. / Apr 28 The Pakistan General Insurance Co. Ltd.(PKGI)	8.74 ▼ -0.99 (-10.17%)
Matco Foods Ltd / Apr 28 Matco Foods Limited(MFL)	39.84 ▼ -4.43 (-10.01%)
Bunnys Limited / Apr 28 Bunnys Limited(BNL)	30.75 ▼ -3.42 (-10.01%)
Cyan Limited / Apr 28 Cyan Limited(CYAN)	36.20 ▼ -4.02 (-10%)
Atlas Battery / Apr 28 Atlas Battery Limited(ATBA)	292.11 ▼ -32.46 (-10%)
Dawood Lawrencepur / Apr 28 Dawood Lawrencepur Limited(DLL)	216.10 ▼ -24 (-10%)
At-Tahur Ltd. / Apr 28 At-Tahur Limited(PREMA)	78.07 ▼ -8.67 (-10%)

Stock	Volume
B.O.Punjab / Apr 28 The Bank of Punjab(BOP)	23,705,546 ▼ -0.41
Power Cement / Apr 28 Power Cement Limited(POWER)	21,585,733 ▼ -0.99
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	18,309,847 ▼ -0.03
Pak Elektron / Apr 28 Pak Elektron Limited(PAEL)	18,055,841 ▼ -2.41
Maple Leaf Cement / Apr 28 Maple Leaf Cement Factory Limited(MLCF)	14,648,408 ▼ -0.99
Sui North Gas / Apr 28 Sui Northern Gas Pipelines Limited(SNGP)	13,187,141 ▼ -4.28
Ghani Chemworld / Apr 28 Ghani Chemworld Limited(GCWL)	12,616,978 ▼ -1
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	12,357,232 ▼ -0.28
Sui South Gas / Apr 28 Sui Southern Gas Company Limited(SSGC)	11,366,687 ▼ -2.77
Lucky Cement / Apr 28 Lucky Cement Limited(LUCK)	9,953,480 ▼ -1392.57

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