OIL: Pakistan Fuel Oil Exports To Remain Strong in 2026
Nov-27 13:28
Pakistan's fuel oil exports have risen 16% on the year to a record high in 2025 over 1.4m tons, or 8.9mbbl, Kpler shows, adding to a well-supplied Asian market to weigh on prices, Reuters said.
- Exports are expected to maintain or trend higher next year amid higher taxes for domestic fuel oil consumption and as power plants switch to cleaner alternatives, Reuters sources said.
- Cargoes of mostly HSFO are ending up in Southeast Asia and the Middle East adding to marine fuel supply as well as refinery feedstock.
- Exports are 1.33m tons so far in 2025, up from 1.11m tons last year, LSEG data shows.
- Pakistan turned from a net importer into a net exporter of fuel oil in 2023.
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