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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,524
4224hr
Pakistan Cases
1,236,888
2,06024hr
4.58% positivity
Sindh
454,510
Punjab
427,583
Balochistan
32,837
Islamabad
104,913
KPK
172,766

OPEC

Oil rises to highest since March on demand prospects
Markets

Oil rises to highest since March on demand prospects

  • OPEC+ decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July, anticipating rising global demand despite the high number of coronavirus cases in India, the world's third-largest oil consumer.
Published 01 Jun, 2021 11:15pm
Crude, equities advance on signs of recovery
Markets

Crude, equities advance on signs of recovery

  • London stocks, resuming trade after a long holiday weekend in the UK, were also higher, with shares in heavyweight oil and mining groups in demand on rising commodity prices.
Published 01 Jun, 2021 09:24pm
Oil rebalancing
BR Research

Oil rebalancing

After stabilizing, oil seems to be entering a stronger phase or maybe its learning to live with the pandemic; not...
Published 01 Jun, 2021 07:35am
Nigeria’s oil exports drop
Markets

Nigeria’s oil exports drop

LONDON: Oil exports from Nigeria, Africa’s top producer and an OPEC member, have dropped by 130,000 barrels per ...
Published 23 May, 2021 03:06am
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