Tag Archives: global oil market

OPEC is losing influence because global oil production has diversified, internal political tensions have intensified, and member states increasingly believe they can earn more outside the cartel than within it. The recent decision by the Organization of the Petroleum Exporting Countries to face another high-profile exit has reignited debate about …

As Pakistan faces a critical economic juncture marked by corruption, mismanagement, IMF austerity measures, and volatile regional conflicts, a monumental oil and gas discovery has offered a potential lifeline. This discovery, located in Pakistani waters and projected to be the fourth-largest reserve globally, could redefine the nation’s economic future, shifting …