Indian Diesel Exports: Winter demand and the absence of Russian supplies allowed India s diesel exports to rise 42% yoy basis to Europe. The overall exports rose 17% YoY to 637,000 bpd. In December, the domestic consumption of diesel again fell 2.5% year-on-year but was just about 1% higher than in November.
Winter demand and the absence of Russian supplies allowed India s diesel exports to rise 42% yoy basis to Europe. The overall exports rose 17% YoY to 637,000 bpd. In December, the domestic consumption of diesel again fell 2.5% year-on-year but was just about 1% higher than in November.
Indian Diesel Exports: The country s exports of the fuel for August to Europe, on the other hand, are poised to fall to their lowest this year, according to one shiptracker, as shipments to the east are more profitable, but that situation may not last.
The rise in Indian diesel exports to Singapore will compensate partially for lower exports from refiners in northeast Asia including China, and the increased availability will therefore cap strong refining margins in Asia. Conversely, European refiners margins will be supported by the lower imports from the South Asian nation.