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Latest Analysis / East of Suez Oil Service

East of Suez Oil Alert - Will South Asia remain as a key driver of HSFO demand for power generation?

Published: 8 December, 2023

Highlights:

  • Fuel oil-based power generation in South Asia has been lackluster this year due to austerity measures and the switch to cheaper fuels amid depleting foreign exchange reserves.
  • Bangladesh’s fuel oil demand for power generation could increase slightly next year, but there is downside risk if the ...

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