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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,077
1224hr
Pakistan Cases
1,360,019
6,54024hr
Sindh
520,415
Punjab
460,335
Balochistan
33,855
Islamabad
115,939
KPK
183,865

Oil and gas

CPI: Risky business
BR Research

CPI: Risky business

The CPI inflation clocked at 8.4 percent in July 21. The headline number is falling. However, the monthly recording...
Published 03 Aug, 2021 08:47am
Eni, BP in talks over oil and gas assets in Algeria
Business & Finance

Eni, BP in talks over oil and gas assets in Algeria

  • Earlier this month, they announced they were in talks to forge a joint venture to run their combined operations in Angola.
  • They have also looked at the idea of creating a joint venture in the North African country similar to the Angolan model, the sources said.
Updated 31 May, 2021 09:09pm
North Dakota monthly natgas output rises in March
Markets

North Dakota monthly natgas output rises in March

  • Monthly production touched an all-time high of 3.145 bcfd in November 2019.
  • Producers burned off, or flared, 0.184 bcfd of gas in March, down from 0.203 bcfd in February, the commission said, dropping the percentage of gas flared to 6% from 8%.
Published 20 May, 2021 07:00pm
ConocoPhillips profit tops as travel demand boosts oil prices
Business & Finance

ConocoPhillips profit tops as travel demand boosts oil prices

  • Conoco said its total average realized price was $45.36 per barrel of oil equivalent in the quarter, much higher than the $33.21 it earned in the last three months of 2020.
  • The company also outlined a plan to cut its gross debt by $5 billion over the next five years and its intention to exit its 10% stake in Canadian producer Cenovus Energy Inc by the fourth quarter of 2022.
Published 04 May, 2021 05:25pm
Crown slips from fresh high, MOL shares spur Budapest
Markets

Crown slips from fresh high, MOL shares spur Budapest

  • Budapest's BUX index climbed 1.5% on a more than 3% rise in MOL's shares after an update on refinery and petrochemical margins enticed investors.
  • In Prague, the PX index nudged higher and held above the 1,100 level to stick around highs last seen before the COVID-19 pandemic struck markets in February 2020.
Published 04 May, 2021 05:13pm
Oil rises but remains rangebound as COVID-19 cases soar
Markets

Oil rises but remains rangebound as COVID-19 cases soar

  • However, the crude prices have remained rangebound in the past three weeks, with Brent between $60 and $65 a barrel and WTI at $57 to $62.
  • "Oil prices are entering a consolidation phase after swinging wildly last month," said oil broker PVM's Stephen Brennock.
Published 12 Apr, 2021 05:59pm
Chevron sticks to lower spending in higher investor returns pitch
Business & Finance

Chevron sticks to lower spending in higher investor returns pitch

  • Falling energy demand due to pandemic lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54 billion annual loss, its first since 2016.
  • Chevron's 2020 output was around 2.98 million barrels of oil and gas per day, and an investor presentation showed the company increasing output through 2025 though no numbers were given.
Updated 09 Mar, 2021 09:33pm
Exxon pitches investors on dividend growth, debt reduction
Business & Finance

Exxon pitches investors on dividend growth, debt reduction

  • Ahead of its investor day presentation, the company reaffirmed plans to keep project spending between $16 billion and $19 billion in 2021, and between $20 billion and $25 billion a year through 2025.
  • It expects output to remain flat at around 3.7 million barrels of oil and gas per day through mid-decade as it focuses on boosting cash flow instead.
Published 03 Mar, 2021 07:53pm