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Saudi Arabia’s state oil giant Aramco has successfully acquired a 40 per cent equity stake in Gas & Oil Pakistan (GO), marking the company’s first foray into the downstream retail sector in Pakistan. This acquisition, initially announced in December 2023, signifies Aramco’s expanding footprint in emerging markets as well as high-consumption markets. In a ...
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Main scenario: consider short positions from corrections below the level of 87.75 with a target of 67.60 – 57.00. Alternative scenario: breakout and consolidation above the level of 87.75 will allow the asset to continue rising to the levels of 94.00 – 100.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...