ANL 19.01 Increased By ▲ 0.78 (4.28%)
ASC 14.13 Increased By ▲ 0.36 (2.61%)
ASL 22.30 Increased By ▲ 0.05 (0.22%)
BOP 8.15 Increased By ▲ 0.09 (1.12%)
BYCO 7.63 Increased By ▲ 0.57 (8.07%)
FCCL 17.08 Decreased By ▼ -0.33 (-1.9%)
FFBL 22.20 Decreased By ▼ -0.05 (-0.22%)
FFL 15.59 Increased By ▲ 0.29 (1.9%)
FNEL 7.24 Decreased By ▼ -0.01 (-0.14%)
GGGL 16.94 Increased By ▲ 0.70 (4.31%)
GGL 38.60 Increased By ▲ 1.00 (2.66%)
HUMNL 6.14 Increased By ▲ 0.21 (3.54%)
JSCL 18.24 Increased By ▲ 0.34 (1.9%)
KAPCO 35.00 Decreased By ▼ -0.22 (-0.62%)
KEL 3.45 Increased By ▲ 0.17 (5.18%)
MDTL 2.41 Increased By ▲ 0.09 (3.88%)
MLCF 33.75 Decreased By ▼ -0.69 (-2%)
NETSOL 116.99 Increased By ▲ 4.39 (3.9%)
PACE 4.85 Increased By ▲ 0.23 (4.98%)
PAEL 27.95 Increased By ▲ 0.15 (0.54%)
PIBTL 8.80 Increased By ▲ 0.10 (1.15%)
POWER 7.20 Increased By ▲ 0.05 (0.7%)
PRL 16.77 Increased By ▲ 0.67 (4.16%)
PTC 9.69 Increased By ▲ 0.24 (2.54%)
SILK 1.50 Increased By ▲ 0.02 (1.35%)
SNGP 46.50 Increased By ▲ 0.95 (2.09%)
TELE 17.38 Increased By ▲ 1.21 (7.48%)
TRG 160.20 Increased By ▲ 0.72 (0.45%)
UNITY 31.99 Increased By ▲ 0.79 (2.53%)
WTL 2.89 Increased By ▲ 0.13 (4.71%)
BR100 4,695 Increased By ▲ 18.35 (0.39%)
BR30 22,346 Increased By ▲ 297.11 (1.35%)
KSE100 44,970 Increased By ▲ 152.05 (0.34%)
KSE30 17,704 Increased By ▲ 61.65 (0.35%)

Coronavirus
HIGH Source: covid.gov.pk
Pakistan Deaths
27,638
4124hr
Pakistan Cases
1,241,825
1,40024hr
3.17% positivity
Sindh
456,343
Punjab
429,655
Balochistan
32,875
Islamabad
105,217
KPK
173,353

WASHINGTON: The US government has agreed to sell crude oil from the nation’s emergency reserve to eight companies including Exxon, Chevron and Valero, under an auction to raise money for the U.S. budget, the Department of Energy said.

The sales were not related to energy disruptions caused by Hurricane Ida that swept the U.S. Gulf of Mexico and Louisiana, but the timing could still ease some of those supply strains.

The contracts total 20 million barrels of oil to be delivered from Strategic Petroleum Reserve sites in Texas and Louisiana between Oct. 1 and Dec. 15, the department said in a statement dated Sept. 10 that appeared online on Monday.

Contracts went to Atlantic Trading & Marketing Inc, Chevron USA, ExxonMobil Oil Corp, Marathon Petroleum Supply and Trading, Motiva Enterprises, Phillips 66 Co, Unipec America Inc and Valero Marketing and Supply Co, the department said.

Fifteen companies made bids for the oil.

Comments

Comments are closed.