COVID-19 TOTAL DAILY
CASES 324,744 667
DEATHS 6,692 19
Energy

World oil prices fall

NEW YORK: Oil prices settled lower on Wednesday after US inventory figures showed demand weakening for refined...
Published 22 Oct, 2020 02:54am
Energy

OGRA takes action against HPL

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has taken action against Hascol Petroleum Limited (HPL) over...
Published 22 Oct, 2020 02:54am
US natgas edges up on rising LNG exports, cold forecasts
Energy

US natgas edges up on rising LNG exports, cold forecasts

  • Front-month gas futures rose 2.2 cents, or 0.8%, to settle at $2.795 per million British thermal units.
  • As LNG exports rise and the weather turns colder, Refinitiv projected average demand would jump from 89.2 bcfd this week to 98.2 bcfd next week.
Published 20 Oct, 2020 01:34am
Energy

Oil prices edge lower

NEW YORK: Oil prices edged lower on Friday, dragged down by concerns that a spike in Covid-19 cases in the United...
Published 17 Oct, 2020 03:08am
US oil and gas rig count rises by most since January: Baker Hughes
Energy

US oil and gas rig count rises by most since January: Baker Hughes

  • The oil and gas rig count, an early indicator of future output, rose for the fifth week in a row, increasing 13 to 282 in the week to Oct. 16, energy services firm.
  • The total rig count fell to a record low of 244 rigs during the week ended Aug. 14, while oil rigs alone fell to a 15-year low at 172 in the same week.
Published 17 Oct, 2020 12:36am
Oil dips on COVID-19 resurgence, fears of more supply
Energy

Oil dips on COVID-19 resurgence, fears of more supply

  • Both benchmarks a shade firmer for the week.
  • Some European countries revive coronavirus curfews.
  • OPEC+ fears second virus wave could lead to oil surplus in 2021.
  • US oil and gas rig count rises by most since January.
Published 17 Oct, 2020 12:32am