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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,246
4024hr
Pakistan Cases
1,226,008
2,16724hr
4.22% positivity
Sindh
450,787
Punjab
422,790
Balochistan
32,769
Islamabad
104,242
KPK
171,388

Crude Oil

Saudi oil exports in Aug to stay at July level –sources
Markets

Saudi oil exports in Aug to stay at July level –sources

  • Saudi Arabia often burns more oil - estimated at about 550,000 barrels per day (bpd) - during the hot summer months for power generation.
  • This summer the demand for oil burning is set to rise more than last year due to COVID-19 movement restrictions which have forced millions of people to stay home.
Published 13 Jul, 2020 06:26pm
Ukraine sunoil exports rise 10pc to 5.7mn tonne so far 2019/20
Markets

Ukraine sunoil exports rise 10pc to 5.7mn tonne so far 2019/20

  • Ukraine exported 588,200 tonnes of the commodity in June, the consultancy said in a report.
  • APK-Inform has forecast Ukraine will produce 6.7 million tonnes of sunoil in the 2019/20 season and may increase output to nearly 6.9 million tonnes in 2020/21 .
Published 11 Jul, 2020 08:47pm
Ukraine sunoil exports rise 10pc to 5.7mn tonne so far 2019/20
Markets

Ukraine sunoil exports rise 10pc to 5.7mn tonne so far 2019/20

  • Ukraine exported 588,200 tonnes of the commodity in June, the consultancy said in a report.
  • APK-Inform has forecast Ukraine will produce 6.7 million tonnes of sunoil in the 2019/20 season and may increase output to nearly 6.9 million tonnes in 2020/21 .
Published 11 Jul, 2020 08:47pm
Russian rouble pares losses, firming on oil price recovery
Markets

Russian rouble pares losses, firming on oil price recovery

  • Brent crude oil, a global benchmark for Russia's main export, was up 1.1% at $42.82 a barrel.
  • It's all about COVID-19 - both fears and hopes," said BCS Global Markets, noting that Brent was susceptible to the mix of positive and negative headlines.
Published 10 Jul, 2020 08:54pm
Libya lifts exports force majeure but says output recovery to be slow
Markets

Libya lifts exports force majeure but says output recovery to be slow

  • The increase in production will take a long time due to the significant damage to reservoirs and infrastructure caused by the illegal blockade imposed on January 17.
  • Our infrastructure has suffered lasting damage, and our focus now must be on maintenance and securing a budget for the work to be done,
Published 10 Jul, 2020 06:02pm
Libya lifts Es Sider force majeure, paving way for oil export boost
Markets

Libya lifts Es Sider force majeure, paving way for oil export boost

  • As part of the continuing review of the force majeure situation, we have recently received a formal security assessment concerning Es Sider Terminal.
  • The Delta Ocean Suezmax tanker arrived at the port on July 5, according to Refinitiv Eikon data, and was chartered by trader Unipec.
Published 08 Jul, 2020 06:07pm
Libya lifts Es Sider force majeure, paving way for oil export boost
Markets

Libya lifts Es Sider force majeure, paving way for oil export boost

  • As part of the continuing review of the force majeure situation, we have recently received a formal security assessment concerning Es Sider Terminal.
  • The Delta Ocean Suezmax tanker arrived at the port on July 5, according to Refinitiv Eikon data, and was chartered by trader Unipec.
Published 08 Jul, 2020 06:07pm
UAE's ADNOC to boost August oil exports as OPEC+ cuts set to ease
Business & Finance

UAE's ADNOC to boost August oil exports as OPEC+ cuts set to ease

  • The cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken. Key OPEC+ ministers hold talks next week.
  • ADNOC has notified its customers of its plans to cut crude oil nominations for August by 5% for all grades in line with OPEC+ pact to reduce oil supplies.
Published 07 Jul, 2020 09:29pm
UAE's ADNOC to boost August oil exports as OPEC+ cuts set to ease
Business & Finance

UAE's ADNOC to boost August oil exports as OPEC+ cuts set to ease

  • The cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken. Key OPEC+ ministers hold talks next week.
  • ADNOC has notified its customers of its plans to cut crude oil nominations for August by 5% for all grades in line with OPEC+ pact to reduce oil supplies.
Published 07 Jul, 2020 09:29pm
Palm oil reverses early gains as crude oil falls
Markets

Palm oil reverses early gains as crude oil falls

  • The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed down 0.13% to 2,359 ringgit ($550.53) a tonne.
  • Oil fell below $43 a barrel as a resurgence of coronavirus cases raised concerns that fuel demand growth could stall.
Published 03 Jul, 2020 05:21pm