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OPEC+ loses oil market sway in Iran war as China gains influence

LONDON: Six months into the Iran war, the world’s most powerful

Full article on Business Recorder

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OPEC+ loses oil market sway in Iran war as China gains influence — Oil & Gas, Power | Shariah PSX

Desk Analysis

How This Affects the Exchange

Sector Effect

Positive · Buy bias

Constructive read for Oil & Gas, Power — watch listed names for follow-through.

Sectors & Direction

Desk read

Desk call: Buy bias · Positively affected

  • Oil & GasPositively affected
  • PowerPositively affected

Companies

OGDC · Buy biasPPL · Buy biasMARI · Buy biasPSO · Buy biasSNGP · Buy biasATRL · Buy bias

Companies Mentioned

  • · Positively affected · Buy bias
  • · Positively affected · Buy bias
  • · Positively affected · Buy bias
  • · Positively affected · Buy bias
  • · Positively affected · Buy bias
  • · Positively affected · Buy bias

Mentions in This Briefing

Sectors: Oil & Gas, Power — Positive · Buy bias. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Constructive read for Oil & Gas, Power — watch listed names for follow-through.

Full Story

Open on Business Recorder

LONDON: [Six months into the Iran war](https://www.brecorder.com/news/40436453/six-months-into-iran-war-almost-half-of-global-oil-flows-from-war-zones), the world’s most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape.

The war, which has shut a major export route for Middle Eastern oil and

Source: Business Recorder — https://www.brecorder.com/news/40436662/opec-loses-oil-market-sway-in-iran-war-as-china-gains-influence