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Coronavirus
VERY HIGH
Pakistan Deaths
18,797
12024hr
Pakistan Cases
854,240
410924hr
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290,756
Punjab
316,334
Balochistan
23,186
Islamabad
77,684
KPK
123,150

OPEC

OPEC+ keeps oil demand forecast, but worried by COVID surge
Business & Finance

OPEC+ keeps oil demand forecast, but worried by COVID surge

  • In its most recent monthly oil market report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth by 70,000 barrels per day (bpd) to 5.95 million bpd.
  • The JTC meeting also expressed concern about rising COVID-19 cases in India, Japan and Brazil, the sources added.
Published 26 Apr, 2021 08:38pm
OPEC urges members to lobby against US NOPEC bill and outline risks
Business & Finance

OPEC urges members to lobby against US NOPEC bill and outline risks

  • "These disadvantages might include: weakening the immunity principle at a global level, putting at risk US interests overseas, and the protection for their personnel and assets," the letter said.
  • Barkindo said "several prominent US economic actors" had expressed reservations about the NOPEC bill, including the US Chamber of Commerce.
Published 23 Apr, 2021 05:46pm
OPEC raises 2021 oil demand growth forecast on hopes virus impact wanes
Markets

OPEC raises 2021 oil demand growth forecast on hopes virus impact wanes

  • Demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6%, the Organization of the Petroleum Exporting Countries forecast in its monthly report, up 70,000 bpd from last month.
  • OPEC raised its forecast of 2021 world economic growth to 5.4% from 5.1%, assuming the impact of the pandemic is "largely contained" by the beginning of the second half of the year.
Published 13 Apr, 2021 05:34pm
Oil prices down
Markets

Oil prices down

NEW YORK: Oil prices edged lower on Friday on rising supplies from major producers and concerns over a mixed picture...
Published 10 Apr, 2021 04:34am
Oil prices dip on mixed supply and demand outlook
Markets

Oil prices dip on mixed supply and demand outlook

  • "If a fulsome framework can be crafted in the coming weeks, significant quantities of Iranian oil will likely hit the market in H2 2021," RBC Capital analyst Helima Croft said in a note this week.
Published 09 Apr, 2021 03:43pm