ANL 16.14 Increased By ▲ 0.65 (4.2%)
ASC 14.25 Increased By ▲ 0.25 (1.79%)
ASL 18.85 Decreased By ▼ -1.15 (-5.75%)
BOP 8.75 Increased By ▲ 0.05 (0.57%)
BYCO 7.55 Increased By ▲ 0.25 (3.42%)
FCCL 17.83 Increased By ▲ 0.85 (5.01%)
FFBL 23.10 Increased By ▲ 0.30 (1.32%)
FFL 15.50 Increased By ▲ 0.60 (4.03%)
FNEL 7.34 Increased By ▲ 0.28 (3.97%)
GGGL 17.12 Increased By ▲ 0.82 (5.03%)
GGL 29.30 Increased By ▲ 0.90 (3.17%)
HUMNL 6.39 Increased By ▲ 0.25 (4.07%)
JSCL 20.60 Increased By ▲ 0.20 (0.98%)
KAPCO 29.20 Increased By ▲ 0.70 (2.46%)
KEL 3.47 Increased By ▲ 0.06 (1.76%)
MDTL 2.23 Increased By ▲ 0.08 (3.72%)
MLCF 35.12 Increased By ▲ 2.64 (8.13%)
NETSOL 108.90 Increased By ▲ 7.45 (7.34%)
PACE 4.27 Increased By ▲ 0.07 (1.67%)
PAEL 28.20 Increased By ▲ 1.69 (6.37%)
PIBTL 8.53 Increased By ▲ 0.13 (1.55%)
POWER 7.08 Increased By ▲ 0.37 (5.51%)
PRL 16.75 Increased By ▲ 0.37 (2.26%)
PTC 9.29 Increased By ▲ 0.18 (1.98%)
SILK 1.46 Increased By ▲ 0.04 (2.82%)
SNGP 40.88 Decreased By ▼ -1.62 (-3.81%)
TELE 16.73 Increased By ▲ 0.28 (1.7%)
TRG 135.50 Increased By ▲ 7.15 (5.57%)
UNITY 29.72 Increased By ▲ 1.03 (3.59%)
WTL 2.49 Increased By ▲ 0.21 (9.21%)
BR100 4,737 Increased By ▲ 129.08 (2.8%)
BR30 20,971 Increased By ▲ 697.15 (3.44%)
KSE100 45,498 Increased By ▲ 868.65 (1.95%)
KSE30 17,821 Increased By ▲ 365.34 (2.09%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,312
1224hr
Pakistan Cases
1,266,204
55424hr
1.32% positivity
Sindh
466,432
Punjab
438,271
Balochistan
33,138
Islamabad
106,543
KPK
177,038
Markets

OPEC+ panel says uncertainties may impact oil demand recovery

  • The producers are withholding millions of barrels of daily supply to support the market.
31 Mar 2021

DUBAI: OPEC+ has raised concerns that uncertainties may impact the recovery in oil demand due to rising numbers of virus infections globally and lockdown measures, according to a report from the group's experts panel meeting seen by Reuters on Wednesday.

"Despite the ongoing destocking of commercial OECD stocks, they remain above the 2015-2019 average, while recognising that prevailing volatility in the market structure is a signal of fragile market conditions," the panel said in the report.

The experts panel, known as the Joint Technical Committee, met on Tuesday ahead of a ministerial meeting on Thursday to decide oil output policy. The producers are withholding millions of barrels of daily supply to support the market.

Comments

Comments are closed.