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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

OPEC president says oil market rebalancing, pandemic still a risk
Markets

OPEC president says oil market rebalancing, pandemic still a risk

  • "Crude prices are relatively stable ... we see a certain balance between demand and supply," OPEC president Diamantino Azevedo told.
  • "The production levels that were desirable at the time of the latest adjustment could naturally be affected downward due to ... the COVID-19 pandemic and its variants," he added.
Published 02 Mar, 2021 08:03pm
UAE's ADNOC to ease oil supply cuts in April
Markets

UAE's ADNOC to ease oil supply cuts in April

  • Having cut its March term supply nominations by 10-15%, national oil company ADNOC plans to reduce the cuts to 5% next month, the sources said.
  • OPEC+ sources told Reuters a 500,000 barrels per day (bpd) increase from April looked possible without building up inventories.
Published 02 Mar, 2021 06:21pm
Oil down over 1pc
Markets

Oil down over 1pc

NEW YORK: Oil prices fell more than 1% on Monday as fears that Chinese oil crude consumption is slowing and that ...
Published 02 Mar, 2021 05:50am
Zaki Yamani dies
Print

Zaki Yamani dies

RIYADH: Former Saudi oil minister Sheikh Ahmed Zaki Yamani, a key player behind the 1973 oil embargo, died Tuesday...
Updated 24 Feb, 2021 09:39am