Trends - OPEC - Business Recorder

OPEC

Strong dollar weakens oil

Following Donald Trump’s historic return to the White House, the US dollar has gone on to a bull rally, seeing it...

Published 15 Nov, 2024 08:26am

Markets

IEA sees 2025 oil market in supply surplus

LONDON: The world’s demand for oil will fall short of supply by more than 1 million barrels per day (bpd) in 2025...

Published 14 Nov, 2024 02:14pm

Markets

Oil prices broadly flat after falling on dollar surge

LONDON: Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a...

Updated 14 Nov, 2024 07:47pm

Markets

OPEC again cuts 2024, 2025 oil demand growth forecasts

LONDON: OPEC on Tuesday cut its forecast for global oil demand growth in 2024 and also lowered its projection for...

Published 12 Nov, 2024 05:05pm

Markets

Oil trades in tight range ahead of US election result

LONDON: Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S....

Updated 05 Nov, 2024 06:35pm

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

Saudi Arabia may cut December oil prices for Asia, sources say

SINGAPORE: Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December,...

Published 01 Nov, 2024 11:31am

BR Research

Oil prices: All eyes on China

Israel’s rather tepid response to the Iranian attack has considerably eased concerns of a full-blown Middle East...

Published 31 Oct, 2024 08:44am

Markets

Oil slips 1% on large build in US crude stocks; market watches Middle East

NEW YORK: Oil prices fell on Wednesday after data showed U.s. crude inventories rose by more than expected even as...

Updated 23 Oct, 2024 09:39pm

Markets

Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens

HOUSTON: Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after...

Updated 15 Oct, 2024 09:30pm

Markets

Oil falls 2pc as OPEC cuts oil demand growth view, China concerns

HOUSTON: Oil prices declined about 2% on Monday, wiping out all of last week’s gains, as OPEC’s lowering of its...

Updated 15 Oct, 2024 08:43am

World

Gulf states must not allow use of airspace against Iran, Iranian official says

Tehran has told Gulf Arab states it would be “unacceptable” if they allowed use of their airspace or military bases...

Published 09 Oct, 2024 01:25pm

BR Research

Oil prices: War premium is back

As the world holds its breath over Israel’s response to Iran’s missile attack earlier this month, the global oil...

Updated 09 Oct, 2024 12:58pm

Markets

Oil rises 3pc as ME war risk makes investors cautious

NEW YORK: Oil prices rose more than 3% on Monday, with Brent surpassing $80 per barrel for the first time since...

Published 08 Oct, 2024 06:57am

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

Markets

Oil rises 3% as Middle East war makes investors end bearish bets

NEW YORK: Oil prices rose more than 3% on Monday, with Brent surpassing $80 per barrel for the first time since...

Updated 07 Oct, 2024 10:10pm

Markets

Oil set for biggest weekly gains in two years on Middle East war risk

NEW YORK: Oil prices rose for a fourth consecutive session on Friday as investors braced for a potential Israeli...

Updated 04 Oct, 2024 11:35pm

Markets

TotalEnergies plans to grow oil and gas production until 2030

PARIS: French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as...

Published 03 Oct, 2024 11:04am

Markets

Oil gains nearly 4% on supply concerns as Middle East conflict intensifies

Brent crude futures were up $2.82, or 3.82%, at $76.72 a barrel

Updated 03 Oct, 2024 09:54pm

Markets

Oil steady but on track for weekly drop on firmer supply outlook

LONDON: Oil prices held steady on Friday but remained on track for a weekly fall as investors weighed expectations...

Updated 27 Sep, 2024 05:33pm

BR Research

Oil prices: the seesaw continues

A 40-month low, a 12 percent rebound and a 6 percent retreat. All of that happened in a span of less than two weeks...

Updated 27 Sep, 2024 10:10am

World

Putin lauds cooperation with OPEC+, BRICS

MOSCOW: Russian President Vladimir Putin said on Thursday that the vast domestic energy sector will be able to...

Published 26 Sep, 2024 05:27pm

Markets

OPEC rolls out global oil outlook to 2050

LONDON: OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing...

Published 25 Sep, 2024 06:48am

Markets

Saudi Arabia’s crude oil exports in July hit almost one-year low

Saudi Arabia’s crude oil exports in July fell to their lowest level in nearly a year, data from the Joint...

Published 19 Sep, 2024 03:02pm

BR Research

Oil bears are back with a bang

As crude oil prices hover around the $68 mark (lowest in over a year), the oil market stands poised for a pivotal...

Published 11 Sep, 2024 09:12am

Markets

OPEC again lowers 2024, 2025 global oil demand growth view

LONDON: OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this...

Published 10 Sep, 2024 07:05pm

Markets

Goldman Sachs says oil subject to downside into 2025-2026 due to surplus

SINGAPORE: Oil prices are still subject to downside into 2025-2026 amid a surplus market, Daan Struyven, head of oil...

Published 09 Sep, 2024 11:45am

Markets

APPEC-S&P Global expects OPEC+ to increase oil output next year

SINGAPORE: The Organization of the Petroleum Exporting Countries and its allies, the group known as OPEC+, is...

Published 09 Sep, 2024 11:34am

Markets

Russian rouble weakens on first day of reduced yuan sales by central bank

MOSCOW: The Russian rouble weakened against the dollar and China’s yuan on Friday, the first day of a reduction in...

Published 06 Sep, 2024 03:35pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
FTSE 100 / Nov 20	8,085.07
Dow Jones / Nov 20	43,408.47
Germany DAX 30 / Nov 20	19,004.78
France CAC40 / Nov 20	7,198.45
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17

Item	Value
Gold 10 Grams PKR / Nov 20	238,940
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

OPEC

Most Popular