Morning News: Furnace oil exports hit record 933,000 tonnes in eight months - By WE Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan exported a record 933,000 tonnes of furnace oil in the first eight months of the current financial year, as the country's power sector phases out its use due to high costs and environmental concerns. Exports dropped to 39,000 tonnes in February but rebounded in March, driven by a government decision allowing refineries to sell surplus oil internationally. Furnace oil's role in power generation has diminished significantly, with little contribution to electricity production in February. Refineries are working to reduce high-sulphur furnace oil output, but delays in upgrades due to sales tax issues have hampered progress. Despite rising exports, refineries face challenges in disposing of furnace oil, affecting their operations.</span></li></ul><ul><li...