Trends - Petroleum Exporting Countries

Petroleum Exporting Countries

Oil edges higher as supply still seen tight after OPEC+ hike

LONDON: Oil edged higher on Friday, supported by expectations that OPEC’s decision to increase production targets...

Published 04 Jun, 2022 04:18am

Saudi Arabia, UAE could ease oil market volatility: IEA

LONDON: Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more...

Published 12 Feb, 2022 05:09am

Markets

Shell hits oil and gas in Namibian offshore well

LONDON: Shell has made a significant oil and gas discovery at an closely-watched offshore well in Namibia which ...

Published 26 Jan, 2022 04:41am

OPEC sees well supported oil market in 2022

LONDON: OPEC on Tuesday stuck to its forecast for robust growth in world oil demand in 2022 despite the Omicron...

Published 19 Jan, 2022 06:15am

Markets

Oil heads for biggest annual gains since 2009

MELBOURNE: Oil prices edged down on Friday but were set to post their biggest annual gains in 12 years, spurred by...

Updated 31 Dec, 2021 01:58pm

Markets

Middle East Crude: Benchmarks edge down amid ample supplies

SINGAPORE: Middle East crude benchmarks Oman and Dubai edged lower on Tuesday amid ample supplies and lower demand...

Published 15 Dec, 2021 06:34am

Markets

Oil dips, focus on OPEC+ response to US-led oil

LONDON: Oil prices dipped in thin trading on Thursday, the US Thanksgiving holiday, as investors eyed how major...

Published 26 Nov, 2021 05:15am

Markets

Oil rises above $78 ahead of OPEC+ meeting

NEW YORK: Oil rose above $78 a barrel on Friday, within sight of this week's three-year high, supported by tight...

Published 02 Oct, 2021 04:45am

OPEC forecasts oil demand rebound before post-2035 plateau

LONDON: Oil demand will grow sharply in the next few years as economies recover from the pandemic, OPEC forecast on...

Published 29 Sep, 2021 03:00am

OPEC+ plans new output policy meeting today

MOSCOW/DUBAI: OPEC+ ministers plan to hold their next meeting on Sunday to decide on output policy, three sources...

Published 18 Jul, 2021 05:58am

Markets

OPEC+ agrees new oil deal but without UAE agreement

LONDON: OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on...

Published 04 Jul, 2021 03:41am

Markets

Oil prices little changed as OPEC+ talks drag on

NEW YORK: Oil prices were little changed on Friday after OPEC+ ministers delayed an output policy meeting, with...

Published 03 Jul, 2021 03:19am

Markets

OPEC+ agrees new oil deal but without UAE agreement, source says

The UAE said it agreed to the increase in output but the extension was conditional on revising up its baseline, the level of production against which cuts are calculated, the source said.

Published 03 Jul, 2021 12:59am

Markets

OPEC’s share of Indian oil imports plunges

NEW DELHI: OPEC’s share of India’s oil imports fell to the lowest in at least two decades in the year to the end...

Published 04 May, 2021 04:26am

Markets

Oil steady near one-month highs as IEA, OPEC raise forecasts

"We see robust stock draws even after factoring in bearish risks as refinery runs are set to rise sharply in the coming months," Citi Research analysts said in a note.

Published 15 Apr, 2021 11:26am

Markets

Oil rises after robust China data but J&J vaccine pause weighs

NEW YORK: Oil prices rose about 1% on Tuesday on strong Chinese import data, but the rally was capped by concerns...

Published 14 Apr, 2021 03:21am

Markets

Oil down 5pc as rising OPEC+, Iranian output weighs

"It seemed like OPEC+ was going to roll the deal, but they didn't and now it looks like they're going to have to pay at least in the short term."

Updated 06 Apr, 2021 01:20am

Markets

Oil prices surge as OPEC+ extends output cuts into April

Analysts are reviewing their price forecasts to reflect the continued supply restraint by OPEC+ as well as US shale producers, who are holding back spending in order to boost returns to investors.

Published 05 Mar, 2021 11:10am

Markets

Kuwait plans to shorten oil supply deals for some Asian buyers

Mangalore Refinery and Petrochemicals was another Indian refiner looking to boost contract volumes, seeking a 14% uplift to 40,000 bpd while raising optional purchase volumes to 15,000 bpd from 10,000 bpd in 2020/21.

Published 18 Feb, 2021 12:56pm

Markets

Oil climbs to 13-month highs on output cuts, demand recovery hopes

He cautioned, however, that both Brent and WTI are in overbought territory on technical charts.

Published 09 Feb, 2021 11:27am

Markets

Brent approaches $60/bbl as supply cuts, stimulus hopes lift prices

A weaker dollar against most currencies on Monday also supported commodities, with dollar-denominated commodities becoming more affordable to holders of other currencies.

Published 08 Feb, 2021 10:47am

Markets

OPEC Jan oil output rises for 7th month, Nigeria limits gain-survey

OPEC January output rises 160,000 bpd from December.
Compliance with OPEC+ cut pledges rises to 103%.
Saudi posts biggest output rise, Nigeria shows largest drop.

Published 29 Jan, 2021 07:49pm

Markets

Oil drops as US stimulus wrangles, rising COVID-19 cases hit sentiment

Also, output from the giant Tengiz field in Kazakhstan was disrupted by a power cut on Jan. 17.

Published 26 Jan, 2021 10:42am

Markets

OPEC sees US shale output recovering further on oil rally

Leaves 2021 oil demand growth forecast at 5.90 million bpd.
OPEC December output rises by 280,000 bpd on Libya, UAE, Iraq.
Extent of 2021 economic recovery uncertain as virus persists.

Published 14 Jan, 2021 09:35pm

Markets

Oil rises towards $52 after Trump signs aid bill

Oil remains vulnerable to any further setbacks in efforts to control the virus, said Stephen Innes, chief global market strategist at Axi, in a note.

Published 28 Dec, 2020 03:10pm

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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Petroleum Exporting Countries

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