Producers

Brent crude futures gained 4 cents, or 0.1%, to $58.50 a barrel, by 0120 GMT. On Wednesday, Brent prices hit their highest since Feb. 21, 2020.

LAHORE: Eminent film star Saima Noor has urged the professional old producers to rejoin the film industry to share their expertise with new producers. "Now educated and professional people are making films which are going to be successful," she said in a media interview in Lahore. Saima Noor has said that Pakistan film industry has been progressing for the last many years. Read More: Actors hail new filmmakers’ role in revival of Pakistan film industry She said that local film industry was ruined by non-professional…

LOS ANGELES: The Producers Guild of America banned disgraced movie mogul Harvey Weinstein for life on Monday, vowing that sexual harassment would no longer be tolerated within its ranks. New accusations of sexual assault have continued to pour in since investigations in the New York Times and New Yorker three weeks ago exposed the tycoon as a relentless, bullying sexual predator. More than 50 women including stars Gwyneth Paltrow, Angelina Jolie and Mira Sorvino have accused 65-year-old Weinstein of sexual abuse and…

TEHRAN: Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 (44.56 pounds) a barrel if an agreement is reached and non-OPEC producers cooperate. "We are receiving positive signals that increase the likelihood of agreement at the meeting ... and I'm optimistic about the situation," Zanganeh told state television by telephone, after meeting OPEC Secretary-General Mohammed Barkindo in Tehran ahead of the Nov. 30 meeting. "I think if we…

CALIFORNIA: The Academy of Motion Picture Arts and Sciences on Friday named two first-timers as producers of next year's Oscars show, the first step in planning the ceremony and choosing a host. Hollywood movie and television producers Michael De Luca and Jennifer Todd will produce the Feb. 26, 2017, show that will be broadcast around the world, the Academy said in a statement. It will be the first time that De Luca, a producer of movies including "The Social Network" and "Fifty Shades of Grey," and Todd, whose credits…

TEHRAN: OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency.

ISLAMABAD: The issue of circular debt is again to have emerged with spiralling increase in governmental dues of Rs 581 billion to the independent power producers, ARY News reported.

LIMA, Peru:  Saudi Arabia’s top climate negotiator said on Monday that growing pressure to phase out fossil fuels does not help the UN climate negotiations and that a new climate deal should help oil producers diversify their economies.

SINGAPORE: Oil fell in Asian trade on Friday after major producer Saudi Arabia slashed the price of the crude it sells to Asia and the United States, analysts said.

Today marks the 31st death anniversary of legendary Pakistani actor Waheed Murad.