Pakistan's fuel oil exports rise 9% in Dec as demand from domestic utilities wane

Pakistan’s fuel oil exports surged 9.1% year over year in December amid subdued domestic demand for the residual fuel grade as utilities increasingly opt for cheaper alternatives such as coal, regasified liquefied natural gas (RLNG) or solar power. The South Asian country, which has transformed from being a net importer to a regular exporter of fuel oil in recent years, shipped 137,500 metric tonPakistan’s fuel oil exports surged 9.1% year over year in December amid subdued domestic demand for the residual fuel grade as utilities increasingly opt for cheaper alternatives such as coal, regasified liquefied natural gas (RLNG) or solar power. The South Asian country, which has transformed from being a net importer to a regular exporter of fuel oil in recent years, shipped 137,500 metric tonRead More