Trends - OPEC - Business Recorder

OPEC

Oil dips, focus on Trump tariff threats vs Canada, Mexico

LONDON: Oil prices slipped for a second day on Thursday after U.S. crude stockpiles rose more than expected, though...

Updated 30 Jan, 2025 05:23pm

Markets

Oil prices dip as US crude inventories surge, tariff concerns loom

Oil prices fell on Wednesday, following a rise in U.S. crude stockpiles and easing worries over Libyan supply, while...

Updated 29 Jan, 2025 05:49pm

Markets

Saudi, UAE, Iraq, Libya energy ministers meet after Trump OPEC comments

DUBAI: Saudi Arabia’s energy minister met his counterparts from the United Arab Emirates (UAE), Iraq and Libya on...

Published 28 Jan, 2025 05:42pm

Markets

Oil prices flat, set for weekly drop as Trump touts energy policy

HOUSTON: Oil prices were flat on Friday but were on track to fall on the week after U.S. President Donald Trump...

Updated 24 Jan, 2025 10:47pm

Markets

Oil prices fall as Trump urges lower oil costs, weighs tariff

NEW YORK: Oil fell more than 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring...

Published 23 Jan, 2025 11:27pm

BR Research

Barrels and balances: Crude oil in 2024 and beyond

The global oil market in 2024 was characterized by a mix of volatility and resilience, with prices and demand...

Published 23 Jan, 2025 08:35am

Markets

OPEC’s share in India’s annual oil imports rises after 8-year drop

NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,...

Published 17 Jan, 2025 02:04pm

Markets

Oil falls on US fuel stocks build

NEW YORK: Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in US fuel inventories ...

Published 09 Jan, 2025 06:19am

Markets

Big Oil backtracks on renewables push as climate agenda falters

LONDON: Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing...

Published 27 Dec, 2024 12:18pm

BR Research

Balancing act: OPEC+ gambles on price stability

OPEC+ has once again proved its knack for maneuvering the ever-precarious oil markets, this time extending...

Published 24 Dec, 2024 08:52am

Markets

Middle East share of India’s Nov oil imports at 9-mth high; Russia down

NEW DELHI: India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its...

Published 23 Dec, 2024 02:13pm

Markets

OPEC+ wary of renewed US oil output rise under Trump, sources say

LONDON: OPEC+ is wary of a renewed rise in US oil output when Donald Trump returns to the White House, delegates...

Published 18 Dec, 2024 12:32pm

Markets

Oil climbs 1% to 3-week high as more sanctions loom on Russia, Iran

Brent futures rise 67 cents, or 0.9%, to $74.08 a barrel

Updated 13 Dec, 2024 09:57pm

Markets

IEA expects comfortably supplied oil market in 2025 despite demand hike

LONDON: The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on...

Published 12 Dec, 2024 04:38pm

Markets

OPEC again cuts 2024, 2025 oil demand growth forecasts

LONDON: OPEC cut its forecasts for oil demand growth this year and next on Wednesday, highlighting weakness in...

Published 11 Dec, 2024 06:55pm

Markets

OPEC set to re-elect Sec Gen al-Ghais for second term

LONDON: The Organization of the Petroleum Exporting Countries is set re-elect current secretary general Haitham...

Published 10 Dec, 2024 06:13am

Markets

Oil prices rise as China moves toward monetary easing to boost growth

Oil prices climbed by more than 1% on Monday as top importer China flagged its first move toward a loosened monetary...

Updated 09 Dec, 2024 06:02pm

Markets

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

Markets

OPEC+ expected to extend oil supply cuts

VIENNA: The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop...

Published 05 Dec, 2024 12:57pm

Markets

Oil pares some gains after source says OPEC+ to delay output hike

LONDON: Oil prices pared some gains on Thursday after a source told Reuters OPEC+ has agreed to delay a planned oil...

Updated 05 Dec, 2024 06:15pm

Markets

Asian stocks slip, rattled by South Korean political unrest

SINGAPORE: Asian equities stumbled on Wednesday while currencies were volatile as traders scrambled to contend with...

Published 04 Dec, 2024 11:15am

Markets

OPEC oil output rises in November: survey

LONDON: OPEC oil output rose for a second month in November as Libya’s production recovered after resolution of a...

Published 04 Dec, 2024 03:14am

Markets

Oil prices nudge higher ahead of OPEC+ meeting

LONDON: Oil prices climbed nearly 1% on Tuesday, as traders awaited the outcome of an OPEC+ meeting later this week....

Updated 03 Dec, 2024 03:47pm

Markets

OPEC+ meeting postponed to December 5

VIENNA: The ministerial meeting of the OPEC+ alliance initially scheduled for Sunday has been pushed back to...

Published 28 Nov, 2024 02:02pm

Markets

Oil up as Israel says ceasefire violated, OPEC+ delays meeting

LONDON: Oil prices ticked up on Thursday, after Israel said its ceasefire with Lebanese armed group Hezbollah was...

Updated 28 Nov, 2024 07:03pm

Markets

Saudi, Russia, Kazakhstan hold talks ahead of weekend OPEC+ meeting

DUBAI/MOSCOW: Top OPEC+ ministers have held further talks ahead of the oil producer group’s weekend meeting to set...

Published 28 Nov, 2024 07:14am

Markets

OPEC+ production cuts may support oil prices in near term, Goldman Sachs says

Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting...

Published 27 Nov, 2024 11:34am

Markets

Oil slips after surprise build in U.S. gasoline stocks

Oil prices edged lower on Wednesday as a large, surprise build in U.S. gasoline stocks outweighed easing supply...

Updated 27 Nov, 2024 09:07pm

BR Research

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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