Buzz Chronicles
Follow
  • Home
  • Threads
    • Daily Charts
    • Most Popular
    • Most Recent
  • Authors
  • Categories
    • Life
    • Tech
    • Culture
    • Politics
    • Society
    • Fun
    • See All Categories
  • About

Authors Zuhair Abbasi

7 days 30 days All time Recent Popular
Zuhair Abbasi
Zuhair Abbasi
@zuhair_abbasi
This oil crisis inquiry report once public is going to irk quite a few. Although, this will point towards incompetence of authorities, you can't take the credit away from the PM.

OGRA Ordinance was promulgated in 2002. The rules were not made till 2016. 14 Years of running on SROs, having no legal value. #OilinquiryReport

All oil import decisions are based on data provided by a non-statutory body i.e. OCAC. There is no mechanism in place for the government authorities to verify the authenticity of data provided by a representative body of all OMCs.

90% of the OMCs did not maintain requisite 20 day stocks during Jan-Jun 2020. DG Oil remained mum. In cases of some OMCs the stock suddenly jumped from 0 in may to over 100 days in June. Classic case of hoarding.

The authorities failed to lift sufficient stock from refineries in Feb and Marc, and then ban on imports came, a ta time when oil prices were dwindling. All in the name of Keeping the refineries safe from glut. End result: eventual shortage in Jun and potential saving loss
ECONOMY
  • Page 1 of 1
How does it work?
  • 💬 Reply to a thread with "@buzz_chronicles save" or "@buzz_chronicles save as category"
    🤖 Our bot will send you a link to your own folder on Buzz Chronicles. The thread will be saved in a form of an easy-to-read article
    📁 All your saved threads will be available at buzzchronicles.com/your_twitter_handle
Buzz Chronicles
  • Explore
  • Threads
  • Daily Charts
  • Authors
  • Categories
  • About
  • Terms of Service

Copyright © 2021 Buzz Chronicles - All right reserved