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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,328
1624hr
Pakistan Cases
1,266,826
62224hr
1.4% positivity
Sindh
466,750
Punjab
438,433
Balochistan
33,149
Islamabad
106,571
KPK
177,132

oil exports

Oil rises on economic recovery hopes, weaker dollar
Markets

Oil rises on economic recovery hopes, weaker dollar

  • Brent crude was up $1.25, or 1.8%, at $72.84 a barrel
  • Crude oil processing will probably take considerably longer to recover from the outages than crude oil production, which suggests that crude oil stocks will increase in the coming weeks," says Commerzbank
Updated 02 Sep, 2021 07:13pm
Oil prices extend losses on expected supply increase
Markets

Oil prices extend losses on expected supply increase

  • Saudi Arabia and UAE reach compromise on oil supply.
  • US crude stockpiles fall for eighth week –EIA.
  • US fuel stocks rose despite reduced refinery output –EIA.
  • Iran nuclear talks unlikely until mid-August –source.
  • China June crude throughput hit record high.
Published 15 Jul, 2021 05:26pm
Oil prices retreat but outlook remains positive
Markets

Oil prices retreat but outlook remains positive

  • As oil is priced in dollars, a stronger greenback makes crude more expensive for buyers with other currencies.
  • China's crude imports were down 14.6% in May on a yearly basis also weighed on prices.
Published 08 Jun, 2021 09:02pm
Oil prices to drift higher despite India demand hiccup
Markets

Oil prices to drift higher despite India demand hiccup

  • Demand growth seen at 5.5-6.5 million bpd in 2021.
  • Fifth straight upward revision to the 2021 Brent consensus.
  • Benchmark Brent crude to average $64.17/bbl in 2021.
  • US crude forecast to average $61.01/bbl this year.
Published 30 Apr, 2021 06:43pm
Oil prices rise 2pc on fuel demand optimism
Markets

Oil prices rise 2pc on fuel demand optimism

  • US crude stocks edge up, distillate inventories drop –EIA.
  • Goldman sees surge in oil demand over next six months.
  • OPEC+ sticks to plan to ease oil output cuts from May 1.
  • India's COVID-19 death toll surges past 200,000.
Published 28 Apr, 2021 09:12pm