Trends - OPEC - Business Recorder

OPEC

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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