Pakistan and Russia are in discussions over a potential oil sector cooperation agreement, focusing on exploration, production, and refining. This development was revealed by Pakistani Finance Minister Muhammad Aurangzeb in an interview with Russian news agency RIA. The minister expressed optimism about leveraging Russia’s expertise in these areas to benefit Pakistan’s energy sector. This potential collaboration could have significant implications for global oil markets, particularly involving Oil – US Crude and Oil – Brent Crude, as well as Natural Gas.
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Over the past month, Natural Gas has seen a decline of 8.08%, with a current 1-day technical signal indicating a Hold. Meanwhile, Oil – US Crude and Oil – Brent Crude have experienced decreases of 5.12% and 5.50% respectively, with both assets showing a 1-day technical signal of Sell and Sell. These movements reflect broader market trends and investor sentiment regarding geopolitical developments and energy demand forecasts. Investors can explore more updates, prices, and analysis across global markets at Commodities.