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Bangladesh to cut HSFO imports in Sep as utility demand eases

September 19, 2023 Comments Off

Bangladesh will trim imports of high sulfur fuel oil by a third in September due to reduced demand from the power generation sector as ongoing monsoonal rains have brought down peak summer temperatures, Faisal Khan, the president of Bangladesh Independent Power Producers’ Association, told S&P Global Commodity Insights. The South Asian country is likely to import 250,000 mt of 180…