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Crude Oil

POL shortage persists across the country

POL shortage persists across the country

  • Due to non-supply from within the country, most of the petrol pumps in Karachi, Lahore, Quetta, and other cities have been closed and those who have petrol available have jacked up their prices.
Published 04 Jun, 2020 11:53am
Oil tops $40 on OPEC cuts and demand recovery
Business & Finance

Oil tops $40 on OPEC cuts and demand recovery

  • Suggesting a supply glut is easing, the American Petroleum Institute on Tuesday said that U.S. crude inventories fell by 483,000 barrels.
  • Both benchmarks have surged in recent weeks, with Brent more than doubling after hitting a 21-year low below $
Published 03 Jun, 2020 03:16pm
Oil steady as OPEC+ considers extension to output curbs
Markets

Oil steady as OPEC+ considers extension to output curbs

  • Benchmark Brent crude was up 19 cents, or 0.5pc, at $38.03 a barrel at 1126 GMT. US crude had dipped 11 cents, or 0.3pc, at $35.38 a barrel.
  • Tension between China and the United States was also encouraging some caution after Beijing warned of retali
Published 01 Jun, 2020 06:54pm