Crash of oil prices is big opportunity for Pakistan and also Other Country like pakistan to cash the crash of oil prices because Oil rate decline 50% the government can male up to revenue Fall. Qatari Gas is more cheaper then Domestic Gas.
Due to the pandemic Oil Prices Crash on monday with US oil Prices plummeting to the range to &1 -2 per Barrel.
In the last 22-year oil price down to $22-25 per barrel first time. This is happening because the price war between Russia and Saudi Arabia was compounded by the very low oil Demand in most of the developed economies.
China is the 2nd Most Largest economy in the world and has negative Growth in the last 3 months this happened the first time in the last 35 years. European countries are fighting for their lives to control the Virus Pandemic.
Pakistan was trying to recover its economic crisis before the coronavirus pandemic start was finding it hard to finance its huge bill as the crude oil was hovering in the range of $55-60 per barrel.
After The US Oil Prices star declining to just only 2$ the brent price should be not more then 10$ its mean 12$ for per barrel. but at this moment the Brent Oil is still $22 price per barrel. it is because the buyer are not buying oil from US after they start Buy From USA the will not b hold.