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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL PRODUCTS
Pakistan's consumption of petroleum products declined sharply year on year by 27% in the fiscal year ending 30 June amid weak a weak industrial cycle, illegal imports and rising global oil prices according to official data, analysts and industry sources.
- Consumption fell to 16.61mn mt in 2022/23 (July-June) from 22.6mn mt in the previous year, showed data collected from oil companies and Oil Companies Advisory Council.
- "Pakistan's oil consumption has experienced a downtrend since October last year. This decline can be attributed to sluggish industrial activity, reduced local transport fuel consumption, weak auto sales and high product prices. These factors are expected to continue impacting oil consumption in Pakistan throughout the latter half of 2023," S&P Global Commodity Insights said in a research note.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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