Trends - OPEC - Business Recorder

OPEC

IEA, like OPEC, cuts 2025 oil demand forecast on trade tensions

LONDON: The International Energy Agency (IEA) on Tuesday sharply cut its forecast for the growth in global oil...

Published 15 Apr, 2025 03:16pm

Markets

OPEC cuts global oil demand growth forecasts

LONDON: OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the...

Published 15 Apr, 2025 05:54am

Markets

OPEC cuts global oil demand growth forecasts, citing US tariffs

LONDON: OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the...

Published 14 Apr, 2025 06:23pm

Markets

Goldman Sachs expects oil prices to decline through 2026

Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of...

Published 14 Apr, 2025 08:01am

BR Research

Oil’s crude awakening

The recent ‘Liberation Day’ proclamation from Washington may have sounded like a campaign rallying cry, but in...

Published 09 Apr, 2025 08:50am

Markets

Saudi Arabia cuts oil prices to Asia to four-month low

SINGAPORE: Saudi Arabia, the world’s top oil exporter, on Sunday lowered crude oil prices for Asian buyers in May to...

Published 06 Apr, 2025 09:17pm

Markets

OPEC+ panel stresses compliance after surprise oil output hike

LONDON: Top OPEC+ ministers stressed the need for full compliance with oil output targets and plans to compensate...

Updated 05 Apr, 2025 07:23pm

Markets

OPEC+ to advance oil output hike plan, oil drops

LONDON/MOSCOW: Eight OPEC+ countries agreed on Thursday to advance their plan for oil output hikes by increasing oil...

Published 03 Apr, 2025 05:06pm

Markets

OPEC+ members to meet Thursday, likely to stick to planned output hikes: sources

DUBAI/LONDON/MOSCOW: OPEC+ ministers from eight nations that are gradually raising oil output will meet online on...

Published 01 Apr, 2025 08:39pm

Markets

Oil slips on recession fears

NEW YORK: Oil prices fell on Friday on worries that US tariff wars could spark a global recession, but gained for a...

Published 30 Mar, 2025 05:34am

BR Research

Oil markets: Geopolitics and Opec+ at the core

Oil prices have been climbing, but not without turbulence. A confluence of geopolitical manoeuvres, supply...

Published 27 Mar, 2025 06:56am

Markets

Asia’s sour crude demand set to rebound late second quarter, support Mideast prices

SINGAPORE: Asia’s sour crude demand is set to rebound from late in the second quarter as refiners return from...

Published 20 Mar, 2025 10:21am

Markets

Oil prices ease 1% as Ukraine peace talks offset Mideast instability worries

NEW YORK: Oil prices eased about 1% on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin...

Published 18 Mar, 2025 11:38pm

Business & Finance

Russia’s Gazprom Neft ready to raise oil output under OPEC+ deal, CEO says

MOSCOW: Gazprom Neft is ready to raise oil output from April under the OPEC+ agreement, the head of the Russian oil...

Published 18 Mar, 2025 04:30pm

BR Research

Global crude oil market in a flux – what’s next?

Oil prices have been riding a wild wave in 2025—soaring, plunging, and keeping the world on edge. The global oil...

Published 14 Mar, 2025 07:39am

Markets

Oil dips as economic concerns, supply and demand expectations weigh

LONDON: Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S....

Updated 13 Mar, 2025 08:26pm

Markets

Oil steady as tariff uncertainty keeps investors on edge

LONDON: Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output...

Updated 10 Mar, 2025 04:52pm

Markets

Oil set for weekly drop on tariff uncertainty and supply boost

Oil prices rose on Friday but were set for close to a 4% weekly decline as uncertainty surrounding U.S. tariff...

Updated 07 Mar, 2025 04:36pm

BR Research

Opec+ opens the taps

Oil prices have hit a six-month low, weighed down by OPEC+‘s decision to proceed with a planned April output...

Published 06 Mar, 2025 07:24am

Markets

OPEC February oil output rises as Iran exports keep flowing

LONDON: OPEC oil output rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed...

Published 05 Mar, 2025 09:41pm

Markets

Brent hits 6-month low on OPEC+ output increase

NEW YORK: Oil prices fell to multi-month lows on Tuesday after reports of OPEC+ plans to proceed with output ...

Published 05 Mar, 2025 02:51am

Markets

Oil holds at two-month low on rising supply concerns

LONDON: Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine...

Updated 26 Feb, 2025 05:18pm

Markets

Most Gulf markets fall due to US tariff worries

Most major stock markets in the Gulf fell in early trade on Tuesday, as ongoing global uncertainty surrounding US...

Published 18 Feb, 2025 01:43pm

Markets

Oil prices extend gains after Ukraine drone strike hits Kazakh supply

LONDON: Oil extended gains on Tuesday after a drone attack on an oil pipeline pumping station in Russia reduced...

Updated 18 Feb, 2025 05:17pm

Markets

OPEC+ considers delay to April oil supply increases

Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April...

Published 17 Feb, 2025 04:17pm

Markets

OPEC sticks to 2025, 2026 global oil demand growth forecasts

LONDON: OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying...

Published 12 Feb, 2025 07:16pm

World

Trump poised to attend Saudi-backed conference in Miami in February

DUBAI: US President Donald Trump is scheduled to attend a meeting of global financiers and tech executives hosted by...

Published 12 Feb, 2025 05:04pm

Markets

OPEC takes long-term view of global oil markets, aims for stability

NEW DELHI: Decisions from oil producer group OPEC+ take a long-term view of the global markets and are aimed at...

Published 11 Feb, 2025 04:28pm

Markets

Oil down amid rising US crude inventories

NEW YORK: Oil prices fell more than 2% on Wednesday as a large build in US crude and gasoline stockpiles signalled...

Published 06 Feb, 2025 03:16am

World

Iran urges OPEC to unite against potential US oil sanctions

DUBAI: Iran’s President Masoud Pezeshkian urged OPEC members to unite against possible US sanctions, after US...

Published 06 Feb, 2025 03:16am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	280.70
USD PKR Interbank Buying / Apr 18	280.45
USD to Japanese Yen / Apr 18	142.18
USD to Swiss Franc / Apr 18	0.82
Pound Sterling to USD / Apr 18	1.33
Euro to USD / Apr 18	1.14
UK LIBOR % / Apr 18	4.96

Stock	Volume
S&P 500 / Apr 17	5,282.70
India Sensex / Apr 17	78,553.20
Nasdaq / Apr 17	16,286.45
Hang Seng / Apr 17	21,395.14
FTSE 100 / Apr 17	8,275.66
Dow Jones / Apr 17	39,142.23
Germany DAX 30 / Apr 17	21,205.86
France CAC40 / Apr 17	7,285.86
Tokyo Nikkei / Apr 18	34,730.28

Item	Value
Crude Oil USD/Barrel / Apr 18	64.68
Karachi Cotton PKR/37.32 KG / Apr 18	16,985
Gold 10 Grams PKR / Apr 18	299,811
Gold Spot USD/Ounce / Apr 18	3,326.85
Cotton US¢/pound / Apr 18	67.13
Petrol/Litre / Apr 19	254.63
Diesel/Litre / Apr 19	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 18 PICIC Insurance Limited(PIL)	3.44 ▲ 0.99 (40.41%)
Universal Ins. / Apr 18 The Universal Insurance Company Limited(UVIC)	10.36 ▲ 0.99 (10.57%)
Oilboy Energy / Apr 18 Oilboy Energy Limited(OBOY)	10.91 ▲ 1 (10.09%)
Popular Islamic / Apr 18 Popular Islamic Modaraba(PIM)	13.70 ▲ 1.25 (10.04%)
Safe Mix Con.Lt / Apr 18 Safe Mix Concrete Limited(SMCPL)	18.11 ▲ 1.65 (10.02%)
Bunnys Limited / Apr 18 Bunnys Limited(BNL)	26.91 ▲ 2.45 (10.02%)
Nimir Resins / Apr 18 Nimir Resins Limited(NRSL)	46.70 ▲ 4.25 (10.01%)
At-Tahur Ltd. / Apr 18 At-Tahur Limited(PREMA)	63.90 ▲ 5.81 (10%)
Bawany Air Products / Apr 18 Bawany Air Products Limited(BAPL)	35.63 ▲ 3.24 (10%)
Sunrays Textile / Apr 18 Sunrays Textile Mills Limited(SUTM)	97.10 ▲ 8.83 (10%)

Stock	Price
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	0.64 ▼ -0.43 (-40.19%)
Shaheen Ins. / Apr 18 Shaheen Insurance Company Limited(SHNI)	5.84 ▼ -1.33 (-18.55%)
Century Ins. / Apr 18 Century Insurance Company Limited(CENI)	41.25 ▼ -8.57 (-17.2%)
Escorts Bank / Apr 18 Escorts Investment Bank Limited(ESBL)	5.86 ▼ -0.98 (-14.33%)
Sec. Inv. Bank / Apr 18 Security Investment Bank Limited(SIBL)	9.50 ▼ -1.55 (-14.03%)
Habib Ins. / Apr 18 Habib Insurance Company Limited(HICL)	6.92 ▼ -0.69 (-9.07%)
Gulshan Sp. / Apr 18 Gulshan Spinning Mills Limited(GSPM)	3.18 ▼ -0.3 (-8.62%)
Trust Sec.& Brok. / Apr 18 Trust Securities & Brokerage Limited(TSBL)	12.87 ▼ -1.1 (-7.87%)
First Fid. Leasing / Apr 18 First Fidelity Leasing Modaraba(FFLM)	2 ▼ -0.16 (-7.41%)
Zephyr Textile / Apr 18 Zephyr Textiles Limited(ZTL)	11.56 ▼ -0.92 (-7.37%)

Stock	Volume
Sui South Gas / Apr 18 Sui Southern Gas Company Limited(SSGC)	38,238,255 ▲ 1.64
Pak Int.Bulk / Apr 18 Pakistan International Bulk Terminal(PIBTL)	30,965,499 ▲ 0.18
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	22,907,790 ▲ 0.09
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	17,544,373 ▲ 0.01
Maple Leaf Cement / Apr 18 Maple Leaf Cement Factory Limited(MLCF)	12,813,509 ▲ 0.94
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	11,614,194 ▲ 0
Pak Elektron / Apr 18 Pak Elektron Limited(PAEL)	10,998,433 ▼ -0.42
Habib Bank / Apr 18 Habib Bank Limited(HBL)	9,362,714 ▼ -5.52
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	9,098,065 ▼ -0.43
B.O.Punjab / Apr 18 The Bank of Punjab(BOP)	8,925,360 ▼ -0.09

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