What to do with furnace oil?
Furnace oil used to be the backbone of both power and oil industry until only a few years ago. There were no LNG or coal power plants. Almost all thermal…
Furnace oil consumption
All of Pakistan's refineries could be forced to shut down if the problems related to the slow off-take of furnace fuel oil are not resolved on an urgent basis. The…
LNG vs furnace oil: what to do?
LNG has come to stay and there has been an increase its market share due to falling local gas supplies and lack of new significant discoveries. Furnace oil has not…
Furnace oil consumption
All of Pakistan's refineries could be forced to shut down if the problems related to the slow off-take of furnace fuel oil are not resolved on an urgent basis. The…
Oily matters – I
Pakistan’s oil imports are the biggest drain on foreign exchange. Current year’s oil import bill has been projected to exceed 23 billion USD as against total exports of 34 billion…
Oil prices and efficient buying
The government has increased petroleum prices by Rs30 per litre. The increase is uniform against all products. There was much talk about some subsidy mechanism for the poor (motorcycles and…
Deregulating the oil sector – I
There has often been talk of deregulating the petroleum sector. There are pros and cons which have been hotly debated. In policy circles, the same debate or even preparations are…
Unprecedented global oil market turmoil and Pakistan
Global lockdowns have resulted in a drastic reduction in oil demand. A long and painful deliberative process to cut the global supply of oil by OPEC+ group of major oil…
Covid-19: Impact on oil sector
Recent key developments in Pakistan’s oil sector underscore that there is always a need for the country to maintain its strategic oil reserves. Shortages of the commodity became evident when…
Life support for Pakistan’s oil sector
The large drop in business activity following the enforcement of strict lockdown and travel restrictions is threatening to push Pakistan into a recession. Poverty and unemployment levels are expected to…
