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Energy news covering oil, petroleum, natural gas and investment advice Oil production growth is slowing due to natural depletion and rising costs, especially in the permian basin, but new federal estimates could offset geological limits. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector

The new oil discovery comes as pakistan is looking to develop its domestic resources to reduce dependence on imported oil and gas.

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