How Pakistan can benefit from depressed oil prices

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ISLAMABAD: The recent move by oil giants Saudi Arabia, Qatar, Venezuela and Russia to freeze oil production at the January-2016 level will do little to increase oil prices.
Eighteen months ago, oil prices were above $100 per barrel and in a span of a few months, they are hovering around $30. Oil futures up to December 2024 are trading below $52 per barrel.