As war strands Qatari gas for 6 months, US sales rise and European stocks plummet
LONDON/OSLO: Six months into the US-Iran war, Qatar is among t
By Shariah PSX News DeskFull article on Business Recorder
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Desk Analysis
How This Affects the Exchange
Sector Effect
Negative · Do not buy
Cautious read for Oil & Gas — price/volume reaction may stay soft near-term.
Sectors & Direction
Desk read
Desk call: Do not buy · Negatively affected
- Oil & GasNegatively affected
Companies
OGDC · Do not buyPPL · Do not buyMARI · Do not buyPSO · Do not buySNGP · Do not buyATRL · Do not buy
Mentions in This Briefing
Sectors: Oil & Gas — Negative · Do not buy. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Cautious read for Oil & Gas — price/volume reaction may stay soft near-term.
Full Story
Open on Business RecorderLONDON/OSLO: [Six months into the US-Iran wa](https://www.brecorder.com/news/40436453/six-months-into-iran-war-almost-half-of-global-oil-flows-from-war-zones)r, Qatar is among the conflict’s biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows.
Saudi Arabia, the UAE, Iraq and Kuwait have seen their oil exports hit,
Source: Business Recorder — https://www.brecorder.com/news/40436592/as-war-strands-qatari-gas-for-6-months-us-sales-rise-and-european-stocks-plummet