AKD Securities Limited - AKD Daily.
Karachi -- January 05, 2023 (PPI-OT)
Pakistan Oil and Gas: Crude oil starts 2023 off with a dampener
Brent futures have dropped by 9.4% since the beginning of the new year, as demand outlook is dampened.
Increasing COVID-19 cases in China has led to expectations of the country rolling back the easing restrictions, which would lead to softened demand for crude oil. The WHO has indicated that the country is under-reporting the extent of the spread of the virus and related deaths.
A slowdown in...
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