Expensive gas hits textile exports

textile-export

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…

Read More

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

Asia-diesel

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…

Read More