Exports Archives - Energy Update

Expensive gas hits textile exports

December 22, 2023December 22, 2023 Admin

KARACHI: High gas prices appeared to have made textile exports uncompetitive on the world market resulting in an eight per cent month-on-month and 7pc year-on-year decline to $1.3 billion in November. In rupee terms, the country’s textile exports clocked in at Rs376bn, down by 7pc month-on-month but rose 19pc year-on-year owing to rupee depreciation against the dollar, said a note by Topline Securities on Thursday. Basic textiles witnessed a fall of 14pc MoM and a rise of 20pc YoY to $243m in November. The YoY substantial increase resulted from the…

Asia Diesel Profits Wane as China Boosts Exports Market Adapts to Russia Russell

February 20, 2023February 20, 2023 Admin

The benefit for making diesel in Asia has dropped to the most reduced in nearly 12 months, a sign that the market is adjusting such a long ways to the European prohibition on imports of the vehicle fuel from Russia. The net revenue, or break, on creating a barrel of gasoil, the structure block for diesel, at a commonplace Singapore treatment facility slipped to $22.05 a barrel on Feb. 17, the most minimal since Walk 16 last year. The break is down 43% from its pinnacle up until this point…