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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,374
4724hr
Pakistan Cases
1,230,238
2,33324hr
4.56% positivity
Sindh
452,267
Punjab
424,701
Balochistan
32,796
Islamabad
104,472
KPK
171,874

Crude Oil

Shell eyes stake in Nayara's $9bn Indian petchem project
Business & Finance

Shell eyes stake in Nayara's $9bn Indian petchem project

  • Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical capacities.
  • The petrochemical joint venture between Nayara and Shell was discussed at board of directors meetings of Nayara in November and December last year.
Published 13 Aug, 2020 12:41am
US fuel inventories fall as demand rebounds
Markets

US fuel inventories fall as demand rebounds

  • Refinery utilization rose 1.4 percentage points to 81% of total capacity nationally in the week to Aug. 7, the Energy Information Administration.
  • US fuel demand rose to 19.37 million barrels per day last week, the highest since March, reducing gasoline.
Published 13 Aug, 2020 12:36am
US refiners' biofuel bills soar in oil market slump
Markets

US refiners' biofuel bills soar in oil market slump

  • The coronavirus crisis has led to less blending activity generally and as a result the issue of fewer compliance credits.
  • Another Texas-based refiner, CVR Energy Inc, also raised its full-year estimates for RIN costs by 43% to about $100 million. It had spent $43 million last year.
Published 12 Aug, 2020 01:21am
Gold charges toward $2,000, stocks climb on stimulus hopes
Markets

Gold charges toward $2,000, stocks climb on stimulus hopes

  • Oil prices also rose on the prospect of a new package but Treasury yields slid to their lowest since March on safe-haven demand.
  • Spot gold prices rose $18.5543, or 0.94%, to $1,995.25 an ounce. Earlier, spot gold was bid at $2,000.11 an ounce.
Published 04 Aug, 2020 11:41pm