Pakistan's oil consumption downtrend likely to spill over to early 2023

The file photo taken on February 22, 2011, shows a range of tankers parked outside a local oil refinery in Pakistan's port city of Karachi. (AFP/FILE)

January 4: S&P Global says a downtrend seen in Pakistan's oil consumption in the first six months of the current fiscal year (July 2022-June 2023), led by sluggish industrial activity, weak auto sales and lofty product prices, is likely to spill over to early 2023, analysts told S&P Global Commodity Insights. Read More I