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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,072
6824hr
Pakistan Cases
1,218,749
2,92824hr
5.08% positivity
Sindh
448,658
Punjab
419,423
Balochistan
32,707
Islamabad
103,720
KPK
170,391

Crude Oil

Saudi Arabia crude exports rebound in July from historic lows

Saudi Arabia crude exports rebound in July from historic lows

  • OPEC+ has been reducing output by 7.7 million bpd, or about 8% of global demand.
  • Saudi's domestic crude refinery throughput fell 13.2% to 2.09 million bpd in July, while direct crude burn rose by 176,000 bpd to 645,000 bpd.
Published 17 Sep, 2020 08:06pm
Oil falls as crews return to US Gulf rigs
Markets

Oil falls as crews return to US Gulf rigs

  • US oil producers restart operations after hurricane.
  • Concerns about weak fuel demand back in focus.
  • OPEC+ online meeting in focus.
  • US data likely to show high levels of jobless claims.
Published 17 Sep, 2020 05:48pm
Russian oil exports seen flat in Q4 at 62.4mn tonnes
Markets

Russian oil exports seen flat in Q4 at 62.4mn tonnes

  • That is against the 62.8 million tonnes seen in the third quarter.
  • The schedule showed that Urals blend exports from the Baltic Sea ports will reach 18.5 million tonnes, up from 17.8 million tonnes in the current quarter.
Published 16 Sep, 2020 08:39pm
Oil majors' renewable drive pushes up price tags on assets
Markets

Oil majors' renewable drive pushes up price tags on assets

  • BP, Shell and Total have all announced renewable expansion plans this year to reduce their reliance on fossil fuels and meet internal climate targets.
  • SSE also earlier this year sold a 51% stake in its Seagreen 1 British offshore wind farm project to France's Total.
Published 16 Sep, 2020 06:56pm
Oil steady as US stock market slides, inventories rise
Markets

Oil steady as US stock market slides, inventories rise

  • Brent was down 2 cents, or less than 0.1%, at $40.04 a barrel by 1128 GMT, while US crude was up 12 cents, or 0.3%, to $37.42 a barrel.
  • Financial markets are continuing to set the tone, including on the oil market. The renewed slide on US stock markets dragged oil prices down with it.
Published 11 Sep, 2020 05:19pm