Iraq’s renewed drive to capture associated gas from its oil fields marks a shift toward reducing dependence on Iranian energy imports and improving domestic power security, with potential implications for regional gas flows and oil output stability. The development comes as Oil – US Crude and Natural Gas prices remain under pressure amid concerns about supply dynamics and demand trends.
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Over the past month, Oil – US Crude has declined about 4.93%, with a current 1-day technical stance of Hold, suggesting traders are waiting for clearer signals on production and geopolitical risk. Natural Gas has fallen roughly 14.46% in the same period, and its 1-day technical view points to Sell, reflecting ongoing bearish sentiment as markets assess supply growth and seasonal demand. Investors can explore more updates, prices, and analysis across global markets at Commodities.