China Boosts Ultra-Deep Drilling for Domestic Oil Supply

State-owned PetroChina has already extracted over 26 million tons of oil equivalents from ultra-deep reservoirs (6,000 meters+) in Xinjiang's Hade-Fuman oilfield. This strategic push to boost domestic supply could potentially ease global crude oil price pressures. For Pakistan, a more stable or lower crude oil environment could help manage imported inflation, indirectly influencing the Pakistani Rupee and local gold rates.

بحوالہ / Source: oilprice.com