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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,359
1524hr
Pakistan Cases
1,267,945
55224hr
1.41% positivity
Sindh
467,142
Punjab
438,818
Balochistan
33,171
Islamabad
106,655
KPK
177,349

oil producer

Oil rises above $78 as OPEC+ meeting looms
Markets

Oil rises above $78 as OPEC+ meeting looms

  • OPEC and its allies meet on Monday
  • OPEC+ considering boosting supplies, sources say
  • Strengthening US dollar weighs on crude price
  • US oil inventories rise in weekly report
Updated 01 Oct, 2021 07:58pm
Oil hits 6-week high as Storm Nicholas hits US Gulf
Markets

Oil hits 6-week high as Storm Nicholas hits US Gulf

  • US energy firms brace for another storm amid slow recovery from Ida
  • Over 40% of US Gulf's oil, gas output still shut following Ida
  • IEA sees oil demand rebounding by 1.6 million bpd in October
  • China to auction 7.38 mln bbl of crude from strategic reserves
Published 14 Sep, 2021 05:56pm
Oil steady as China moves to tap oil stocks
Markets

Oil steady as China moves to tap oil stocks

  • China set to tap state oil reserves for the first time
  • Prices supported by lower US output after Hurricane Ida
  • API data shows crude drawdown less than poll expectations
  • EIA cuts 2021 demand outlook, keeps 2022 forecast steady
Published 09 Sep, 2021 08:43pm
Oil climbs on low US output, disruptions in Libyan ports
Markets

Oil climbs on low US output, disruptions in Libyan ports

  • About 80% of US Gulf production remained offline on Tuesday
  • Refineries resuming operations quicker
  • Libya's Es Sider and Harouge ports blocked by protests: engineer
  • Iran's resumption of oil exports not expected in 2021: analyst
Published 08 Sep, 2021 07:40pm
Oil steady as US jobs report disappoints
Markets

Oil steady as US jobs report disappoints

  • New Covid variant appears to restrain US job growth
  • US Gulf Coast struggles to recover after storm
  • OPEC+ agrees to boost production
  • Global demand outlook bright on recovery hopes
Updated 03 Sep, 2021 07:50pm
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