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COVID-19 TOTAL DAILY
CASES 237,489 2980
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KP 28,681 Cases Today
Libya lifts Es Sider force majeure, paving way for oil export boost
Energy

Libya lifts Es Sider force majeure, paving way for oil export boost

  • As part of the continuing review of the force majeure situation, we have recently received a formal security assessment concerning Es Sider Terminal.
  • The Delta Ocean Suezmax tanker arrived at the port on July 5, according to Refinitiv Eikon data, and was chartered by trader Unipec.
Published Jul 08, 2020 06:07pm
Oil prices rise
Energy

Oil prices rise

NEW YORK: Oil futures were up on Thursday, supported by a drop in US unemployment and a drawdown in crude...

Updated Jul 03, 2020 03:33am
Angola resists OPEC pressure to comply fully with oil cuts
Energy

Angola resists OPEC pressure to comply fully with oil cuts

  • Saudi Arabia has been pressing laggards such as Iraq, Kazakhstan, Nigeria and Angola to improve compliance with the cuts and compensate.
  • It trimmed production to 1.24 million bpd in June, based on a Reuters survey, 60,000 bpd above its target.
Published Jul 02, 2020 04:43pm
Oil production down 14pc WoW
Energy

Oil production down 14pc WoW

KARACHI: Pakistan oil production has declined by 14 percent during the week ended on June 23, 2020 on the back of 35...

Updated Jul 02, 2020 03:27am
Energy

Oil prices slip

NEW YORK: Oil prices slipped on Tuesday as investors worried that rising Covid-19 cases would hurt demand while...

Published Jul 01, 2020 03:09am